Overview and Scope
Integrated patient care systems refer to coordinated, comprehensive methods of healthcare delivery that prioritize smooth communication, collaboration, and continuity of care among healthcare providers from various disciplines and places. These systems are designed to improve treatment quality, patient outcomes, and resource usage by managing every aspect of a patient’s health completely and efficiently.
Sizing and Forecast
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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The integrated patient care systems market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Delivery Mode: Web Or Cloud-Based Systems, On-Premise Systems, Hybrid Models
3) By Application: Electronic Health Or Medical Records, Real-Time Healthcare, Patient Engagement, Prescription Management, Other Applications
4) By End User: Hospitals, Clinics, Diagnostic Centers, Pharmacies, Other End Users
North America was the largest region in the integrated patient care systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated patient care systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the integrated patient care systems market are 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
The integrated patient care systems market report table of contents includes:
1. Executive Summary
2. Integrated Patient Care Systems Characteristics
3. Integrated Patient Care Systems Trends And Strategies
4. Integrated Patient Care Systems – Macro Economic Scenario
5. Global Integrated Patient Care Systems Size and Growth
…..
32. Global Integrated Patient Care Systems Competitive Benchmarking
33. Global Integrated Patient Care Systems Competitive Dashboard
34. Key Mergers And Acquisitions In The Integrated Patient Care Systems
35. Integrated Patient Care Systems Future Outlook and Potential Analysis
36. Appendix
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