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Healthcare IT Integration Market Size 2023, Global Opportunities, Latest Trends, Share, Growth Insights And Key Players - Infor, InterSystems Corporation, Cerner Corporation, Orion Health
Healthcare IT Integration Market
Healthcare IT Integration Market Size, Growth Rate, And Forecast
The global healthcare IT integration market size grew from $3.99 billion in 2022 to $4.5 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare IT integration market size is expected to grow to $7.42 billion in 2027 at a CAGR of 13.3%.
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Healthcare IT Integration Market Drivers
The rapid adoption of electronic health records by physicians is significantly contributing to the growth of the healthcare IT integration market. The electronic health record is a systematic collection of real-time data of patients in digital format by physicians or hospitals, whose information is instantly and securely available by authorised users. Electronic health records require healthcare IT software and its integration into healthcare institutes for smooth functioning and maintenance of vast medical data. For instance, in 2021, according to HealthIT.gov, a US-based official website for health information technology, a certified EHR was adopted by virtually all non-federal acute care hospitals (96%) and nearly 4 in 5 all office-based physicians (78%) in the United States. Therefore, the rapid adoption of electronic health records by physicians is expected to propel the growth of the healthcare IT integration market over the coming years.
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Healthcare IT Integration Market Segments
• By Component: Product, Service
• By Application: Clinic Integration, Radiology Integration, Lab Integration, Hospital Integration, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the healthcare IT integration market.
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Healthcare IT Integration Market Key Players
Major competitors in the healthcare IT integration market are Infor, InterSystems Corporation, Cerner Corporation, Orion Health, NXGN Management, LLC, iNTERFACEWARE Inc., Allscripts Healthcare, LLC, Epic Systems Corporation, AVI-SPL, Inc.
The Business Research Company's "Global Healthcare IT Integration Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Healthcare IT Integration Market Include:
1. Executive Summary
2. Healthcare IT Integration Market Characteristics
3. Healthcare IT Integration Market Trends And Strategies
4. Healthcare IT Integration Market - Macro Economic Scenario
5. Healthcare IT Integration Market Size And Growth
………………
27. Healthcare IT Integration Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare IT Integration Market
29. Healthcare IT Integration Market Future Outlook and Potential Analysis
30. Appendix
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