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(Medical-NewsWire.com, September 05, 2018 ) Market growth factors
The healthcare IT integration market recorded a healthy growth rate during the last decade, owing to technological advancements and increasing adoption of healthcare IT integration systems among healthcare providers across globe. Healthcare IT integrations are used extensively in several applications, including hospital integration, medical device integration, lab integration, clinics integration, radiology integration, and other applications. The rising EHR adoption, growing need to integrate healthcare systems, and efforts from healthcare providers to maximize their returns on investment are expected to have a positive impact on the growth of this market in the coming years. This trend is expected to support the growth of the market in the coming years.
What experts says about the growth of this market?
The global Healthcare Integration Market is projected to reach USD 3.73 Billion by 2021, growing at a CAGR of 10.2% from 2016 to 2021. In the last few years, the healthcare integration market has witnessed substantial growth across globe.
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(Source: MarketsandMarkets™)
Key players
The top five players in the global healthcare integration market account for ~60% of the market share. In order to maintain their share, leading players are continuously embracing new technologies and striving to develop and launch robust and cost-effective integration solutions in the market. This strong focus on innovation is helping the industry solve existing challenges and overcome the unmet needs in the market.
Some of the prominent companies in the healthcare integration market are Infor, Inc. (U.S.), InterSystems Corporation (U.S.), Cerner Corporation (U.S.), Orion Health (New Zealand), Quality Systems, Inc. (U.S.), Interfaceware, Inc. (Canada), Allscripts Healthcare Solutions, Inc. (U.S.), Epic Systems Corporation (U.S.), Qualcomm Life, Inc. (U.S.), AVI-SPL, Inc. (U.S.), Corepoint Health (U.S.), and Oracle (U.S.).
Know the strategies adopted by market players
Geographic Overview
North America accounted for the largest share of the global healthcare IT integration market, followed by Europe and Asia-Pacific. Greater uptake of healthcare IT integration systems and the presence of a large number of healthcare IT integration solutions manufacturers in North America and Europe are the major factors responsible for the large shares of these regions in the market. However, the Asia-Pacific region is expected to offer significant growth opportunities for players operating in the healthcare IT integration market in the coming years. The high growth in this regional segment is primarily driven by factors such as growing healthcare awareness, growth in geriatric population, less stringent regulations, increasing investments in the APAC healthcare industry by key market players, rising healthcare infrastructure, and increased demand for quality care.
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