Healthcare IT Integration Market

Healthcare IT Integration Market Size, Share, Growth Analysis, By Product(Interface Engine, Medical Device Integration), By Service(Integration, Maintenance), By End User(Hospital, Laboratories) - Industry Forecast 2024-2031

Report ID: SQMIG35G2236 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 92 | Figures: 76

Healthcare IT Integration Market Regional Insights

North America held the largest share of the global healthcare IT integration market in 2021. Factors such as the widespread adoption of clinical device connectivity and interoperability solutions to reduce rising healthcare costs, stringent regulations and guidelines imposed by various government and non-government authorities such as the Federal Communications Commission (FCC) and the Centers for Medicare and Medicaid Services (CMS), etc. are propelling growth of the healthcare IT integration market in North America.

The Asia Pacific region is expected to dominate the global healthcare IT integration market during the forecast period. Due to rising demand for e-health applications in the region, Asia Pacific is expected to grow at the fastest rate during the forecast period. Furthermore, rising government initiatives to improve healthcare facilities are expected to drive the Asia Pacific market.

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Healthcare IT Integration Market size was valued at USD 3.4 billion in 2019 and is poised to grow from USD 3.82 billion in 2023 to USD 10.94 billion by 2031, growing at a CAGR of 12.4% in the forecast period (2024-2031).

The healthcare IT integration market is extremely competitive, with numerous large competitors. However, thanks to technical developments and product breakthroughs, mid-size to smaller businesses are expanding their market position by releasing new ingredients at lower rates. Companies like as Allscripts Healthcare Solutions Inc., Cerner Corporation, GE Healthcare, and IBM Corporation have a sizable market share. 'Allscripts Healthcare Solutions, Inc.', 'Cerner Corporation', 'Cisco Systems, Inc.', 'eClinicalWorks LLC', 'Epic Systems Corporation', 'GE Healthcare', 'IBM Corporation', 'Infor, Inc.', 'InterSystems Corporation', 'Koninklijke Philips N.V.', 'McKesson Corporation', 'Medtronic, Inc.', 'Microsoft Corporation', 'NextGen Healthcare, Inc.', 'NTT Data Corporation', 'Oracle Corporation', 'Siemens AG', 'Teradata Corporation', 'UnitedHealth Group Incorporated', 'Xerox Corporation'

Increasing adoption of electronic health records (EHRs) along with other IT solutions will boost the market growth during the forecast period. Governments of countries such as Canada, Denmark, Sweden, France and the HITECH mandates incorporation of EHRs and EMRs to control rising healthcare costs and to improve patient care quality.

The healthcare industry has begun to focus on combining AI and IoT technology to improve patient care. This improvement is anticipated to increase scalable treatments, digital patient experience, and medical device interoperability.

North America held the largest share of the healthcare IT integration market in 2021. Factors such as the widespread adoption of clinical device connectivity and interoperability solutions to reduce rising healthcare costs, stringent regulations and guidelines imposed by various government and non-government authorities such as the Federal Communications Commission (FCC) and the Centers for Medicare and Medicaid Services (CMS), etc. are propelling growth of the healthcare IT integration market in North America.

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