Healthcare IT Integration Market (2022-2028) is Thriving Worldwide with Top Growing Companies - Cerner Corporation, Allscripts Healthcare Solutions Inc., IBM Corporation, GE Healthcare, Siemens Healthcare GmbH

Global expenditure on healthcare IT is ascending each year, with a measurable share of investment going to the IT integration segment. Growing demand for connecting siloed networks for improved data sharing among the various departments of hospitals is expected to primarily drive healthcare IT integration market worldwide. The latest ongoing study of Fairfield Market Research indicates that the growth of healthcare IT integration market will see a strong outlook in future as a greater number of healthcare organisations choose to augment investments in outsourced IT, and IT-related services for improved care delivery at reduced overall costs. Given the unprecedentedly expanding geriatric population, and chronic disease patient pool with complex healthcare requisites, IT integration will remain critical to the most crucial healthcare areas, i.e., hospital operations, business intelligence, and emergency department. Healthcare IT integration market is thus likely to thrive at an impressive pace.

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Market to Benefit as Improved Primary Care Remains Long-term Goal of Industry

The transitioning of healthcare industry toward a value-based reimbursement model ultimately aims to deliver enhanced quality care for crafting an improved patient experience. Reduced healthcare costs will continue to be the goal by default, which is being made an achievable objective with integration of IT in routine physicians' practice, as well as at hospitals. Primary care segment remains dominant in IT integration market according to the report. Obtaining real-time patient information becomes easier with integration of IT, which further makes the process faster. With more healthcare providers considering additional investments for leveraging long-term benefits of a streamlined workflow, healthcare IT integration market is projected to witness consistent expansion.

Data Analytics Reflects Lucrative Market Potential

Integration of IT with healthcare industry has been creating multiple windows of opportunities over the past decade. Growing interest of industry participants in IT products, and services points to revenue generation opportunities beyond patient records integration. While cloud-based solutions are becoming ubiquitous, another area that garners interest is the data analytics. Healthcare organisations, as are seeking optimum patient care delivery at reduced costs, will most likely also develop interest in Big Data that can potentially aid them in decision making process. Physicians are more likely to find this technology helpful to be able to quickly navigate complicated patient records.

Asia Pacific Lucrative, Outsourcing Trend Favours Market Expansion

Asia Pacific remains a highly attractive investment pocket for IT integration market participants as the region holds the promise to offer a multitude of opportunities. As the region continues to witness unprecedented growth of outpatient care segment, scope of growth for participants in the healthcare IT integration space will also ascend. Moreover, a majority of Asian countries have also been making it a point to keep non-communicable diseases on priority when it comes to public health programmes, thereby contributing toward the preventive healthcare initiatives.

With the largest ageing population, expanding patient pool, and rapidly spreading outsourcing model across healthcare industry, China, and India are likely to retain their primacy in Asia Pacific market for healthcare IT integration. An increasing number of hospitals, healthcare facilities, and medical institutions have been showcasing acceptance for outsourcing with an intent to reduce the overall operational costs. As more governments step in eyeing improved healthcare access and affordability, healthcare IT integration is likely to develop excellent market potential in the near future.

Healthcare IT Integration Market - Competition Analysis

IBM Corporation, Allscripts Healthcare Solutions Inc., Cerner Corporation, Siemens Healthcare GmbH, and GE Healthcare constitute some of the most prominent players stirring competition in global healthcare IT integration market space. The report would provide detailed financial, and strategic profile insights of key companies in its competition analysis section.

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