(IT-NEWSWIRE.COM, January 24, 2023 )
The report "Healthcare Interoperability Solutions Market is projected to reach USD 5.7 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 13.9% during the forecast period.
Major Growth Driving Factors:
Growth in this market is driven by the growing need to curtail healthcare costs, government initiatives to enhance patient care & safety, government funding for healthcare interoperability, and the rapid adoption of EHR & other healthcare IT solutions. However, the lack of true interoperability solutions, lack of standards, and the use of outdated legacy systems are some factors restraining the growth of the healthcare interoperability solutions market to a certain extent during the forecast period. The base year considered for the study is 2020, while, the forecast period is 2021 to 2026.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17705847
By type, the services segment accounted for the largest share of the healthcare interoperability solutions market in 2020.
On the basis of type, the services segment accounted for the largest share. The large share of this segment can be attributed to the recurring cost of services such as software upgrades/updates and maintenance.
The healthcare providers segment is expected to witness the highest growth rate in the healthcare interoperability solutions market, by end user, during the forecast period
Based on end user, the healthcare providers segment is expected to register the highest CAGR during the forecast period. Factors responsible for the growth of this segment are increasing patient volume, the need to curtail the rising healthcare costs, and government mandates.
Geographical Growth Dynamics:
North America dominated the healthcare interoperability solutions market in 2020
North America accounted for the largest share of the healthcare interoperability solutions market in 2020, followed by Europe and Asia Pacific. The rising demand for quality healthcare delivery, the need to curb the increasing healthcare expenditure, and the implementation of favorable initiatives & regulations to improve the overall efficiency of healthcare organizations in the region are the key factors responsible for the large share of North America in the healthcare interoperability solutions market.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=17705847
Some of the prominent players in this market are Cerner Corporation (US), Epic Systems Corporation (US), Infor, Inc. (US), Koninklijke Philips NV (Netherlands), InterSystems Corporation (US) are the major players in this market. These companies are majorly focusing on the strategies such as agreements, collaborations, partnerships, and service launches in order to remain competitive and further increase their share in the market. Some of the prominent players in the market namely, Orion Health Group Limited (New Zealand), IBM Watson Health (US), Lyniate (US), Change Healthcare (US), NextGen Healthcare, Inc. (US), and Medical Information Technology, Inc. (US), iNTERFACEWARE (Canada), OSP Labs (US), ViSolve, Inc. (US), Jitterbit (US), Virtusa Corp. (US), and Summit Healthcare Services, Inc. (US).
Read More About Related Topics:
North American Healthcare IT Market - Global Future Forecasts to 2025
Healthcare Middleware Market - Global Future Forecasts to 2023
Health Information Exchange Market - Global Future Forecasts to 2025
Healthcare IT Integration Market - Global Future Forecasts to 2026
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra