According to the new market research report "Healthcare Integration Market
by Product (Interface Engine, Medical Device Integration, and Media
Integration), Service (Integration, Maintenance, Training, and
Consulting Services), End-User, and Region - Global Forecast to 2025",
published by MarketsandMarkets™, the Global Healthcare IT Integration
Solutions Market size is projected to reach USD 6.0 billion by 2025 from
USD 3.5 billion in 2020, at a CAGR of 11.4% during the forecast period.
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The increasing need for integration as a result of the rising
healthcare costs and the growing volume of data generated in healthcare
systems are the major factors driving the growth of this market.
"The services segment is expected to for the largest share of the Healthcare IT Integration Market in 2019."
Based on product & service, the market is categorized mainly into
products and services. In 2019, the services segment was expected to
account for the largest share of the Healthcare IT Integration Solutions
Market. The large share of this segment can primarily be attributed to
its indispensable nature. In addition to this, the rising need for
simplifying workflows in healthcare organizations; the increasing demand
for data standardization; and the growing need to build, design, and
implement standardized, interoperable networking platforms are also
driving the demand for healthcare IT integration services.
Browse in-depth TOC on "Healthcare Integration Market"
199 – Tables
39 – Figures
228 – Pages
By end user, the hospital segment is expected to grow at the highest CAGR during the forecast period."
Based on end-user, the Healthcare IT Integration Solutions Market is
segmented into hospitals, laboratories, clinics, diagnostic imaging
centers, and other end users. Hospitals are expected to grow at the
highest CAGR during the forecast period. This growth can be attributed
to the high purchasing power of hospitals to buy advanced healthcare IT
integration solutions and the increasing focus on offering high-quality
patient care through the use of HCIT solutions.
"North America to hold the largest regional market share in 2019."
North America is expected to account for the largest share of the
Healthcare IT Integration Market in 2019, followed by Europe. The large
share of North America can be attributed to the high adoption of
healthcare IT technologies, initiatives undertaken by the US Federal
government towards improving patient care and reducing healthcare costs,
and the growing need for the optimization of healthcare infrastructure.
In addition, factor such as the widespread adoption of clinical device
connectivity and interoperability solutions to curtail the rising
healthcare costs, rising number of coronavirus (COVID-19) patients in
the US, and stringent regulations and guidelines laid down by the
various government and non-government authorities such as the Health
Insurance Portability and Accountability Act (HIPPA), the Federal
Communications Commission (FCC), and the Centers for Medicare and
Medicaid Services (CMS) are further driving the growth of the Healthcare
IT Integration Solutions Market in North America.
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The prominent players in this Healthcare Integration Market
are Infor (US), InterSystems Corporation (US), Cerner Corporation (US),
Orion Health (New Zealand), NextGen Healthcare Inc. (US),
iNTERFACEWARE, Inc. (Canada), Allscripts Healthcare Solutions, Inc.
(US), Epic Systems Corporation (US), GE Healthcare (US), IBM (US),
Oracle Corporation (US), Capsule Technologies, Inc. (US), Koninklijke
Philips (Netherlands), AVI-SPL, Inc. (US), Corepoint Health (US), and
MEDITECH (US).
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