The latest report by IMARC Group, titled “Healthcare Interoperability Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.″ offers a comprehensive analysis of the industry, which comprises insights on the global healthcare interoperability solutions market trends. The global market size reached US$ 3.43 Billion in 2022. IMARC Group expects the market to reach US$ 7.31 Billion by 2028, exhibiting a growth rate (CAGR) of 13.60% from 2023–2028.
Healthcare interoperability solutions refer to the technology and systems that enable different healthcare information systems, such as electronic health records (EHRs), medical devices, and health applications, to seamlessly exchange and access patient data and clinical information across various healthcare settings and organizations. These solutions play a crucial role in improving the efficiency, quality, and coordination of healthcare services by ensuring that patient information is readily available to authorized healthcare providers when and where it is needed. Interoperability solutions facilitate the secure sharing of patient data, including medical history, test results, prescriptions, and treatment plans, among healthcare providers, hospitals, clinics, laboratories, and other healthcare entities. They enable healthcare professionals to make well-informed decisions, reduce duplication of tests and procedures, enhance patient care coordination, and ultimately improve patient outcomes. At present, healthcare interoperability solutions are gaining immense traction in the modern healthcare landscape across the globe, where patient data is generated and stored in diverse systems and formats.
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Healthcare Interoperability Solutions Market Trends and Drivers:
The global healthcare interoperability market is primarily driven by the increasing adoption of electronic health records (EHRs) and the digitization of healthcare data. This creates a pressing need for interoperability solutions that seamlessly exchange and integrate health information across different systems and platforms. Moreover, the heightening emphasis on patient-centric care and care coordination that necessitates the ability to access and share patient data among healthcare providers while improving the quality of healthcare delivery is propelling market growth. Apart from this, rising regulatory initiatives and government incentives, such as the push for healthcare interoperability in the United States through initiatives like the 21st Century Cures Act, are propelling market growth by mandating interoperability standards. Furthermore, the escalating demand for telehealth services and remote patient monitoring during the COVID-19 pandemic, which highlights the importance of interoperable systems for delivering virtual healthcare, is contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Software Solutions
- EHR Interoperability Solutions
- Lab System Interoperability Solutions
- Imaging System Interoperability Solutions
- Healthcare Information Exchange Interoperability Solutions
- Enterprise Interoperability Solutions
- Others
- Services
Level Insights:
- Foundational
- Structural
- Semantic
Deployment Insights:
- Cloud-based
- On-premises
End Use Insights:
- Healthcare Providers
- Hospitals and Clinics
- Long-Term Care Centers
- Diagnostic and Imaging Centers
- Others
- Healthcare Payers
- Pharmacies
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape With Key Players:
- Deevita LLC
- Epic Systems Corporation
- Infor (Koch Industries Inc.)
- International Business Machines Corporation
- InterSystems Corporation
- Koninklijke Philips N.V.
- NextGen Healthcare Inc.
- Oracle Corporation
- Orion Health group of companies
- OSP Labs
- Veradigm LLC
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