Global Healthcare Integration Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 1.50 Billion |
 Market Size (Forecast Year) |
USD 3.69 Billion |
 CAGR |
% |
| Major Markets Players |
Global Healthcare Integration Market, By Product (Interface/Integration Engines, Medical Device Integration Software, Media Integration Solutions, Other Integration Tools), Services (Implementation and Integration, Support and Maintenance, Training and Education and Consulting), End Use (Hospitals, Diagnostic Centers, Laboratories, Clinics, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
With extensive usage in both established and emerging economies, the market for healthcare integration has exploded. A significant increase in demand for various advanced healthcare services, as well as the vast increase in the world's geriatric population, increased prevalence of a number of chronic diseases, and the resulting rise in IT intervention in the healthcare industry to provide faster and more efficient services in the face of rising demand, have all benefited the market. As a result, the healthcare integration industry is expected to grow rapidly in the future.
Interface/integration engines accounted for the largest share in the healthcare integration market due to the growing need for information sharing among healthcare service providers and other associated entities. Data Bridge Market Research analyses that the healthcare integration market was valued at USD 1.5 billion and likely to reach USD 3.69 billion by 2029, and is expected to grow at a CAGR of 11.9% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Product (Interface/Integration Engines, Medical Device Integration Software, Media Integration Solutions, Other Integration Tools), Services (Implementation and Integration, Support and Maintenance, Training and Education and Consulting), End Use (Hospitals, Diagnostic Centers, Laboratories, Clinics, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Allscripts Healthcare, LLC (US), Orion Health (New Zealand), Cerner Corporation (US), iNTERFACEWARE Inc. (Canada), Epic Systems Corporation (US), InterSystems Corporation (US), Infor. (US), Summit Healthcare Services (US), Corepoint Health (US), IBM (US), General Electric Company (US), Oracle (US), Siemens (US). |
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Market Opportunities |
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Market Definition
Healthcare integration is a collaboration between the IT and healthcare sectors that involves the use of cutting-edge IT technologies to track people's health, securely communicate their electronic data, and provide cost-effective healthcare solutions. The use of IT in other fields has yielded beneficial results, and the same can be expected in healthcare.
Healthcare Integration Market Dynamics
Drivers
- Rise in the requirement across healthcare sector
The most prominent drivers driving this market's growth are the rising demand for telehealth services and remote patient monitoring solutions, as well as the increased use of linked care technology.
- Growing rapid adoption of electronic health records
Patient data is generally unstructured, complex, and private. Integrating this data into the healthcare delivery process is a hurdle that must be overcome in order to gain enhanced patient care potential is anticipated to propel the growth of the market.
- Suitable government policies
Government agencies have been lending support and launching measures to help the healthcare integration market flourish.
Opportunities
In addition, the rise in the demand for telehealth services and remote patient monitoring solutions is further estimated to provide potential opportunities for the growth of the healthcare integration market in the coming years.
Restraints/Challenges
On the other hand, the concerns regarding interoperability and rise in the cost regarding the healthcare integration solutions is further projected to impede the growth of the healthcare integration market in the targeted period. However, the issues regarding the data security which might further challenge the growth of the healthcare integration market in the near future.
This healthcare integration market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare integration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Healthcare Integration Market
The pandemic of COVID-19 has had a huge impact on the healthcare integration market. Healthcare facilities throughout the world are inundated with daily visits from a high number of patients as sickness spreads. As sickness became more common, there was a greater demand for accurate detection and treatment tools. In this case, linked care technologies have shown to be quite useful, as they allow healthcare providers to monitor patients using digitally connected noninvasive equipment like home blood pressure monitors and pulse oximeters. However, in the post-COVID scenario, the healthcare integration market is projected to be significantly impacted.
Recent Development
- In April 2020, GE Healthcare has announced a new software solution to assist clinicians and healthcare organisations in the treatment of COVID-19 patients. The company is bringing its Mural Virtual Care Solution to the Microsoft Azure cloud platform, which is designed to give hospitals a holistic view of their ventilated patient population and aid in the detection of patients in danger of deterioration. This is the latest development in the ongoing relationship between GE Healthcare and Microsoft.
Global Healthcare Integration Market Scope and Market Size
The healthcare integration market is segmented on the basis of product, services and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Interface/Integration Engines
- Medical Device Integration Software
- Media Integration Solutions
- Other Integration Tools
On the basis of product, the healthcare integration market is segmented into interface or integration engines, medical device integration software, media integration solutions, and other integration tools.
Services
- Implementation and Integration
- Support and Maintenance
- Training and Education
- Consulting
On the basis of services, the healthcare integration market is segmented into implementation and integration, support and maintenance, training and education and consulting.
End use
- Hospitals
- Diagnostic Centers
- Laboratories
- Clinics
- Others
On the basis of end use, the healthcare integration market is segmented into hospitals, diagnostic centers, laboratories, clinics, and others.
Healthcare Integration Market Regional Analysis/Insights
The healthcare integration market is analysed and market size insights and trends are provided by country, product, services and end use as referenced above.
The countries covered in the healthcare integration market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare integration market due to the important healthcare IT infrastructures. Furthermore, the growing software technology integration will further boost the growth of the healthcare integration market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the rising attention of several established market players to increase their occurrence. Moreover, the rise in the preference for telehealth solutions is further anticipated to propel the growth of the healthcare integration market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The healthcare integration market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare integration market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare integration market. The data is available for historic period 2010-2020.
Competitive Landscape and Healthcare Integration Market Share Analysis
The healthcare integration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare integration market.
Some of the major players operating in the healthcare integration market are:
- Allscripts Healthcare, LLC (US)
- Orion Health (New Zealand)
- Cerner Corporation (US)
- iNTERFACEWARE Inc. (Canada)
- Epic Systems Corporation (US)
- InterSystems Corporation (US)
- Infor. (US)
- Summit Healthcare Services (US)
- Corepoint Health (US)
- IBM (US)
- General Electric Company (US)
- Oracle (US)
- Siemens (US)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
