Press release
What are the Growth Drivers of Healthcare Data Interoperability Market ? Allscripts, Cerner Corporation, Ciox Health, Edifecs, Epic, Medicity, Oracle
Healthcare Data Interoperability Market
Increasing technological advancements in healthcare data interoperability software will positively influence industry growth in coming years. Key industry players such as Allscripts and Orion Health undertake several efforts to integrate innovation in interoperability software utilized by healthcare facilities. Recently developed healthcare data exchange software are highly efficient and improve the data transfer process. Important patient and other clinical data can be transferred securely through technologically advanced interoperability software. This scenario proves beneficial for the industry growth as it increases the demand for healthcare data interoperability software.
Rising government initiatives in North America and other developed regions will surge the industry growth in forthcoming years. Government annually spends stupendous amount on promoting development in healthcare software that enables efficient data management. Such initiatives increase availability of technologically upgraded data interoperability software that facilitate data exchange process. However, high price of the medical data interoperability software will restrain the industry growth to some extent.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Allscripts
2. Cerner Corporation
3. Ciox Health
4. Edifecs
5. Epic
6. Experian Health
7. Medicity
8. Optum Insights
9. Oracle
10. Philips
Semantic segment is anticipated to witness over 9.5% growth throughout the forecast period. Semantic interoperability enables healthcare professionals to exchange, interpret and use clinical information to provide proper treatment. It structures the data that makes it easy for doctors to analyze information accurately. Moreover, semantic level of interoperability supports secured electronic exchange of patient’s information amongst hospitals, diagnostic centers, pharmacists and also proves to be a cost-effective option. Thus, benefits offered by this segment will increase the demand and drive the segmental growth.
Cloud-based segment had around 64% revenue share in 2018 and is anticipated to grow significantly over the forthcoming years. Cloud-based interoperability software have numerous advantages over on-premise software. On-premise software enables only transfer of information among different departments of single healthcare institution, whereas cloud-based software enables exchange of data globally without interruptions. This results in easy flow of information. Thus, doctors, pharmacies and diagnostic labs have high preference for cloud based software that escalates business growth.
Browse Report Summary @ https://www.gminsights.com/industry-analysis/healthcare-data-interoperability-market
North America healthcare data interoperability market will witness 8.8% CAGR over the forecast timeline. Substantial growth is attributed to high adoption rate of technological upgraded software. Benefits offered by healthcare data interoperability enables simplified analysis of gathered clinical data that helps doctors to provide accurate diagnosis. Furthermore, the U.S. government is encouraging healthcare industry by spending abundant money to develop new technologies. As a result, leading industry players are taking efforts to develop innovative healthcare interoperability software that will positively impact the regional market growth.
Notable industry players operational in healthcare data interoperability market are Epic, Orion Health, Medicity, Optum Insights, Allscripts, Philips, Oracle, Cerner Corporation, Smith Medical, Ciox Health, Teletracking Technologies, Edifecs Inc and Experian Health. These key players have adopted numerous strategic initiatives such as new product launch and acquisitions to acquire prominent market share. For instance, in December 2017,Philips acquired Forcare. This acquisition will expand Philip’s interoperability software portfolio.
Related Reports @ https://www.marketwatch.com/press-release/cell-line-development-market-size-was-valued-at-usd-33-billion-in-2017-and-is-expected-to-witness-over-130-cagr-from-2018-to-2024-2019-06-24
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