Healthcare Interoperability Solutions Market: Size and Share Insights

Global Healthcare interoperability solutions market valued at $3.0B in 2021, reached $3.4B in 2022, and is projected to grow at a robust 12.9% CAGR
The healthcare interoperability solutions industry is expected to grow significantly in the near future due to the increasing demand for healthcare data exchange and integration. The industry is driven by the growing focus on patient-centric care, increasing demand for cost-effective healthcare services, advances in technology, and the need for better analytics. The industry is expected to benefit from the development of standards-based technologies such as HL7 FHIR and IHE Profiles that enable healthcare organizations to easily share information. Additionally, healthcare organizations are increasingly turning to cloud-based solutions as a way to reduce costs and improve efficiency. Finally, the industry is expected to benefit from the adoption of blockchain technology, which can enable secure, end-to-end data exchange and integration of healthcare information.

Healthcare Interoperability Solutions Market [https://www.marketsandmarkets.com/Market-Reports/healthcare-interoperability-solution-market-17705847.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr] in terms of revenue was estimated to be worth $3.4 billion in 2022 and is poised to reach $6.2 billion by 2027, growing at a CAGR of 12.9% from 2022 to 2027 according to a new report by MarketsandMarkets Trademark . Growth in this market is driven by the increasing demand for efficient and cost-effictive healthcare delivery, government initiatives towards improving the healthcare interoperability. However, the lack of true interoperability among electric systems, financial burden and technical difficulties in building and operations are some factors restraining the growth of the healthcare interoperability solutions market to a certain extent during the forecast period. The base year considered for the study is 2021, while the forecast period is 2022 to 2027.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17705847 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17705847&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr]

By type, the services segment accounted for the largest share of the healthcare interoperability solutions market in 2021.

On the basis of type: the services segment accounted for the largest share. The large share of this segment can be attributed to the advantages offered by the services such as installation, equipment updates or traditional licensing management are not required in case of services.

The healthcare providers segment is expected to witness the highest growth rate in the healthcare interoperability solutions market, by end user, during the forecast period

Based on end user: the healthcare providers segment is expected to register the highest CAGR during the forecast period. The growing geriatric population leading to the increasing hospital admissions is contributing to the growth of this segment.

North America dominated the healthcare interoperability solutions market in 2021

North America accounted for the largest share of the healthcare interoperability solutions market in 2021, followed by Europe and Asia Pacific. The rising demand for value-based healthcare, the need to reduce the increasing healthcare costs, and the implementation of favorable government initiatives & regulations in the region are the key factors responsible for the large share of North America in the healthcare interoperability solutions market.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=17705847 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=17705847&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr]

Healthcare Interoperability Solutions Market Dynamics:

Drivers:

* Increasing demand for efficient and cost-effective healthcare delivery
* Government initiatives and regulations to enhance patient care and safety
* Emergence of new medical technologies
* Growing adoption of electronic health records

Restraints:

* Lack of accurate interoperability solutions across healthcare supply chain
* Lack of standards and protocols in IT businesses
* Use of outdated legacy systems in hospitals and clinic chains

Opportunities:

* Growing markets for healthcare interoperability solutions in developing countries
* Advancements in software technology for real-time data exchange

Challenges:

* Increasing complexity due to lack of consistent data
* Shortage of skilled healthcare IT professionals
* Patient data security and privacy concerns in healthcare industry

Key Market Players:

Some of the prominent players in this market are Cerner Corporation (US), Epic Systems Corporation (US), Infor, Inc. (US), Koninklijke Philips NV (Netherlands), InterSystems Corporation (US), Orion Health Group Limited (New Zealand), IBM Watson Health (US), Lyniate (US), Change Healthcare (US), NextGen Healthcare, Inc. (US), and Medical Information Technology, Inc. (US), iNTERFACEWARE (Canada), OSP Labs (US), ViSolve, Inc. (US), Jitterbit (US), Virtusa Corp. (US), and Summit Healthcare Services, Inc. (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=17705847 [https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=17705847&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr]

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=healthcare-interoperability-solutions-market-size-and-share-insights]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/healthcare-interoperability-solution-market-17705847.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.