Healthcare Integration Market: Industry Analysis and Forecast 2021-2027: By Product Type, Services, Application and Region.

Healthcare Integration Market is anticipated to reach US$ 5.68 Bn. by 2027 from US$ 2.95 Bn. in 2020 at a CAGR of 9.8 % during a forecast period. Healthcare integration is described as the collaboration of health experts to give patients with comprehensive treatment and improve their overall well-being. Information about patient care may be communicated across team members with the aid of integrated healthcare, and a comprehensive treatment plan can be developed to fulfill the medical, psychological, and social requirements of the patients. Healthcare Integration Market To know about the Research Methodology :- Request Free Sample Report

Healthcare Integration Market Dynamics

The growth in Telemedicine use is expected to fuel demand for Healthcare Integration tools that allow for better data storage and transfer. Telehealth refers to the delivery of medical information to patients via electronic devices at a distance. This enables the patient to communicate with clinicians, get medical care, receive real-time health monitoring, and receive remote admissions. In 2020, around 76 percent of hospitals in the United States employed telemedicine to communicate with patients. Telemedicine was utilized by 39.5 percent of medical professionals in Radiology, 27.8% in Psychiatry, and 24.1 percent in Cardiology to interact with patients. During the COVID-19 Pandemic, this allows hospitals to deliver high-quality care to patients without raising their risk of infection. The growing use of electronic health records and other digital technologies in the healthcare industry is driving up demand for healthcare integration, which is necessary for properly managing the massive amounts of data created in healthcare institutions. According to the American Hospital Association, just 12.2 percent of non-federal acute care hospitals in the United States have an electronic health records system in 2009. (AHA). However, by 2018, this figure had risen to 83.8 percent, with over 96 percent of them using electronic health record systems that had been approved by the Centers for Medicare and Medicaid Services (CMS). In the United States, this system is expected to have reached a penetration rate of more than 89 percent. Restraints: The increased concern about cyber-attacks leaking personal patient information from hospital networks, clinics, and diagnostic centers is a big risk that might hamper the market growth. In the United States, for example, ransomware and other cyberattacks accessed more than 3.34 million healthcare records on average per month between July 2020 and June 2021. Patient names, addresses, diagnostic information, contact information, and insurance information were among the material released. Due to network outages induced by ransomware attacks, the American healthcare company UHS lost roughly $67 million in 2020. This is lowering healthcare providers' trust in deploying additional IT technology in their facilities for integration, as data leaks might result in enormous financial and legal concerns. They also assist in the translation of data obtained from other healthcare institutions into the hospital's format so that it may be kept in their central repository.

Healthcare Integration Market Segmentation Analysis

By Application. Due to the rising need to enhance patient safety, minimize healthcare expense, increase efficiency, and reduce mistakes, the Hospitals segment accounted for the largest Healthcare Integration market share in 2020. Besides that, as the number of patients seeking consultation, treatment, and therapy in hospitals rises as a result of the rise in communicable and non-communicable diseases, the need to integrate health systems to efficiently manage the massive amounts of data collected by the hospital's various departments grows. Laboratories are expected to increase at the quickest rate of 10.1 percent over the forecast period, owing to their rising prevalence in developing regions, where the majority of small-scale hospitals lack a specialized laboratory section. In 2020, the Medical Device Integration Software segment is expected to have the largest market share, and it is expected to dominate the market from 2020 to 2027. The system gathers data from all of the patient's health monitoring gadgets and combines it into the electronic medical record system. The seamless data transmission removes the need for manual data entry and transfer, resulting in increased efficiency, accuracy, productivity, and error reduction. Because of its capacity to give access to data throughout numerous electronic health records, the Interface Engines section is expected to increase at the quickest rate, with a CAGR of 9.6%. Additionally, they assist in the translation of data obtained from other healthcare institutions into the hospital's format. Healthcare Integration Market Regional Insight North American is expected to dominate the Healthcare Integration market with a market share of 41% during the forecast period 2021-2027 because of the region's highly developed healthcare infrastructure. Besides that, the presence of major industry players in the region, such as Infor, InterSystems Corporation, Cerner Corporation, Allscripts Healthcare Solutions, NextGen Healthcare, General Electric Healthcare, Oracle Corporation, and IBM, ensures lower costs, greater innovation, and more options for end-users. The Asia Pacific region is expected to grow the fastest due to increases in public and private healthcare funding in important emerging regions such as China and India. Report Objectives: • Landscape analysis of the Healthcare Integration Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the Healthcare Integration Market dynamics, structure by analyzing the market segments and project the Healthcare Integration Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Healthcare Integration Market make the report investor’s guide.

Healthcare Integration Market Scope: Inquiry Before Buying

Healthcare Integration Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 2.95 Bn.
Forecast Period 2021 to 2027 CAGR: 9.8 % Market Size in 2027: US $ 5.68 Bn.
Segments Covered: by Products Type • Medical Device Integration Software • Media Interaction Solutions • Interface Engines
by Services • Support and Maintenance Services • Implementation Services • Training Services
by Application • Hospital Integration • Lab Integration • Medical device Integration • Radiology Integration • Clinics Integration • Others

Healthcare Integration Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Healthcare Integration Market: Key Players

• Corepoint Health • IBM • Oracle Corporation • Epic Systems Corporation • Summit Healthcare Services, Inc. • Orion Health • Interfaceware • Allscripts Healthcare Solutions, Inc. • Intersystems Corporation • Quality Systems, Inc. • Cerner Corporation • Infor, Inc. • Optum Inc. • Cognizant • Change Healthcare • Koninklijke Philips N.V • Epic Systems Corporation • Dell Technologies • GE Healthcare • Athena health Frequently Asked Questions 1. What is the projected market size & growth rate of Healthcare Integration Market? Ans- Healthcare Integration Market was valued at USD 2.95 billion in 2020 and is projected to reach USD 5.68 billion by 2027, growing at a CAGR of 9.8 % during the forecast period. 2. What is the key driving factor for the growth of Healthcare Integration Market? Ans- The growth in Telemedicine use is expected to fuel demand for Healthcare Integration tools that allow for better data storage and transfer. 3. Which Region accounted for the largest Healthcare Integration Market share? Ans- North American is expected to dominate the Healthcare Integration market with a market share of 41% during the forecast period 2021-2027. 4. What makes Asia Pacific a Lucrative Market for Healthcare Integration Market? Ans- The Asia Pacific region is expected to grow the fastest due to increases in public and private healthcare funding in important emerging regions such as China and India. 5. What are the top players operating in Healthcare Integration Market? Ans- Corepoint Health, IBM, Oracle Corporation, Epic Systems Corporation, Summit Healthcare Services, Inc., Orion Health, and Interfaceware.
1. Global Healthcare Integration Market: Research Methodology 2. Global Healthcare Integration Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Healthcare Integration Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Healthcare Integration Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Healthcare Integration Market Segmentation 4.1 Global Healthcare Integration Market, By Products Type (2020-2027) • Medical Device Integration Software • Media Interaction Solutions • Interface Engines 4.2 Global Healthcare Integration Market, By Service (2020-2027) • Support and Maintenance Services • Implementation Services • Training Services 3.4. European Healthcare Integration Market, By Application (2020-2027) • Hospital Integration • Lab Integration • Medical device Integration • Radiology Integration • Clinics Integration • Others 5. North America Healthcare Integration Market (2020-2027) 5.1 North American Healthcare Integration Market, By Products Type (2020-2027) • Medical Device Integration Software • Media Interaction Solutions • Interface Engines 5.2 North America Healthcare Integration Market, By Service (2020-2027) • Support and Maintenance Services • Implementation Services • Training Services 5.3. European Healthcare Integration Market, By Application (2020-2027) • Hospital Integration • Lab Integration • Medical device Integration • Radiology Integration • Clinics Integration • Others 5.3 North America Healthcare Integration Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Healthcare Integration Market (2020-2027) 6.1. Asia Pacific Healthcare Integration Market, By Products Type (2020-2027) 6.2. Asia Pacific Healthcare Integration Market, By Service (2020-2027) 6.3. European Healthcare Integration Market, By Application (2020-2027) 6.4. Asia Pacific Healthcare Integration Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Healthcare Integration Market (2020-2027) 7.1. Middle East and Africa Healthcare Integration Market, By Products Type (2020-2027) 7.2. Middle East and Africa Healthcare Integration Market, By Service (2020-2027) 7.3. European Healthcare Integration Market, By Application (2020-2027) 7.4. Middle East and Africa Healthcare Integration Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Healthcare Integration Market (2020-2027) 8.1. Latin America Healthcare Integration Market, By Products Type (2020-2027) 8.2. Latin America Healthcare Integration Market, By Service (2020-2027) 8.3. European Healthcare Integration Market, By Application (2020-2027) 8.4 Latin America Healthcare Integration Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Healthcare Integration Market (2020-2027) 9.1. European Healthcare Integration Market, By Products Type (2020-2027) 9.2. European Healthcare Integration Market, By Service (2020-2027) 9.3. European Healthcare Integration Market, By Application (2020-2027) 9.4 European Healthcare Integration Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. IBM 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.129. Recent Developments 10.2. Corepoint Health 10.3. IBM 10.4. Oracle Corporation 10.5. Epic Systems Corporation 10.6. Summit Healthcare Services, Inc. 10.7. Orion Health 10.8. Interfaceware 10.9. Allscripts Healthcare Solutions, Inc. 10.10. Intersystems Corporation 10.11. Quality Systems, Inc. 10.12. Cerner Corporation 10.13. Infor, Inc. 10.14. Optum Inc. 10.15. Cognizant 10.16. Change Healthcare 10.17. Koninklijke Philips N.V 10.18. Epic Systems Corporation 10.19. Dell Technologies 10.20. GE Healthcare 10.21. Athena health

About This Report

Report ID5502
Category Healthcare
Published Dateoct 2019
Updated DateJan 2022
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