Integrated Patient Care Systems Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Integrated Patient Care Systems Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The integrated patient care systems market size has grown rapidly in recent years. It will grow from $20.46 billion in 2023 to $23.32 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to the adoption of interoperability standards, rise in chronic diseases and complex medical conditions, focus on reducing healthcare costs and improving efficiency, growing recognition of the importance of healthcare interoperability, and focus on improving patient outcomes and experiences.

The integrated patient care systems market size is expected to see rapid growth in the next few years. It will grow to $39.78 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to increasing adoption of electronic health records (EHR), aging population and increased healthcare needs, rise in consumer demand for seamless healthcare experiences, growing demand for interoperability between healthcare systems, growing importance of patient engagement tools. Major trends in the forecast period include integration of social determinants of health (sdoh) data, technological advancements in healthcare IT, a shift towards value-based care models, a shift towards value-based reimbursement models, expansion of telemedicine and virtual care services.

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Market Drivers and Trends:

The increasing adoption of electronic health records (EHR) is expected to propel the growth of the integrated patient care systems market going forward. Electronic health records (EHR) refer to digital systems that securely store and manage patient health information, enabling efficient access, sharing, and analysis among healthcare providers. The demand for electronic health records (EHR) systems has been rising due to several factors, such as improved efficiency, data centralization and accessibility, interoperability, and patient engagement. Electronic Health Record (EHR) systems are critical components of integrated healthcare systems because they allow for smoother information sharing, improved care coordination, and better patient outcomes. In integrated healthcare systems, EHR interoperability is critical to ensuring that patient information is securely and efficiently transferred across many healthcare settings. For instance, in November 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, the percentage of office-based physicians using the EHR system was 88.2%, whereas the percentage of office-based physicians with a certified EHR system was 77.8%. Therefore, the increasing adoption of electronic health records (EHR) is driving the growth of the integrated patient care systems market.

Major companies operating in the integrated patient care systems market are focused on co-developing advanced technological solutions, such as artificial intelligence (AI)-powered device-integrated patient monitoring frameworks, to gain a competitive edge in the market. An artificial intelligence (AI)-powered device integrated patient monitoring framework refers to a sophisticated system within an integrated healthcare setup that utilizes AI technology to continuously monitor patients' health status and provide real-time insights. For instance, in June 2021, Max Healthcare, an India-based healthcare company, in partnership with MyHealthcare, an India-based digital healthcare company, launched the Max MyHealth+ ecosystem, an AI-powered device-integrated patient monitoring framework that has integrated blood pressure monitors, ECG (electrocardiogram), heart rate devices, and blood sugar monitoring devices. The device-integrated products will enable patients to use clinical devices at home that are easily connected to the Max MyHealth+ app. The clinical data collected is managed using automatic trend analysis and vital alerts. Remote care monitoring and the utilization of care programs will allow Max Healthcare to manage their patients wherever they are located.

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Major Key Players of the Market:

McKesson Corporation, International Business Machines Corporation, Oracle Corporation, GE HealthCare, Koninklijke Philips N.V, Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare LLC, eClinicalWorks, Siemens Healthineers, InterSystems Corporation, Medical Information Technology Inc, Computer Programs and Systems Inc, Optum Inc, Vocera Communications Inc, Advantech Co. Ltd, CareCloud Inc, Greenway Health LLC, NantHealth Inc, CureMD, GetWellNetwork Inc, PatientSafe Solutions Inc, SONIFI, Compulink Advantage

Integrated Patient Care Systems Market 2024 Key Insights:

• The integrated patient care systems market size is expected to see rapid growth in the next few years. It will grow to $39.78 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.
• Impact Of Electronic Health Records (EHR) Adoption On Integrated Patient Care Systems Market
• Revolutionizing Healthcare Delivery Through AI-Powered Patient Monitoring Framework
• North America was the largest region in the integrated patient care systems market in 2023

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