The Business Research Company’s report on the Healthcare IT Integration Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the healthcare it integration industry?
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 authorized 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 July 2024, according to the Office of the National Coordinator for Health Information Technology (ONC), a US-based official body for health information technology, approximately 96% of non-federal acute care hospitals and 86% of office-based physicians in the United States have adopted certified electronic health records (EHR). This rapid adoption is anticipated to continue driving growth in the healthcare IT integration market, as more providers leverage digital solutions for enhanced patient care and operational efficiency.
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What is the estimated market size of the healthcare it integration sector by 2029, based on current forecasts?
The healthcare IT integration market size has grown rapidly in recent years. It will grow from $4.79 billion in 2024 to $5.31 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to interoperability initiatives, population health management, regulatory compliance.
The healthcare IT integration market size is expected to see rapid growth in the next few years. It will grow to $9.62 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to precision medicine initiatives, standardization efforts, consumer health wearables, increasing in mobile health applications, remote workforce enablement. Major trends in the forecast period include interoperability advancements, focus on patient-centric integration, precision medicine integration, population health management integration, cybersecurity and data privacy measures, remote workforce enablement, ai-driven predictive analytics.
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Who are the top players in the healthcare it integration market?
Major companies operating in the healthcare it integration market include Infor Inc., InterSystems Corporation, Cerner Corporation, Orion Health Group Limited, NXGN Management LLC (NextGen Healthcare), iNTERFACEWARE Inc., Allscripts Healthcare LLC, Epic Systems Corporation, Corepoint Health-Rhapsody, Oracle Corporation, GE Healthcare Technologies Inc., IBM Corporation, Siemens Healthcare GmbH, Qualcomm Life Inc., Medical Information Technology Inc., athenahealth Inc., PHC Holdings Corporation, CitiusTech Healthcare Technology Private Limited, Babylon Healthcare Services Ltd., AdvancedMD Inc., Axtria Inc., HealthEdge Holdings Inc., Definitive Healthcare Corporation, Accolade Inc., Modernizing Medicine Inc., Verily Life Sciences LLC, CompuGroup Medical AG, Global Healthcare Exchange LLC, Sema4 Inc., TherapyNotes LLC, Relias LLC, WebPT Inc., Telus Health Solutions GP, Benchling Inc., Color Genomics Inc., Access Healthcare Services Inc., eHealth Technologies Inc., Onyx Healthcare USA Inc., AngelEye Health LLC, Eddy Inc., Pluto Health, 1upHealth Inc., Optum Inc., Change Healthcare Inc., Koninklijke Philips N. V.
What are the major trends in the healthcare it integration market?
Technological advancement in healthcare IT integration is the key trend being followed by the companies operating in the healthcare IT integration market. For instance, in June 2024, Oracle Corporation, a US-based software company aunched the Oracle Health Insurance Data Exchange Cloud Service, a solution aimed at transforming how healthcare insurers manage data exchanges. This cloud-native service is designed to facilitate the onboarding of evolving data formats and simplify complex data exchange requirements, addressing a critical need in the health insurance industry.
Which geography holds the highest healthcare it integration market share?
North America was the largest region in the healthcare IT integration market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare IT integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the healthcare it integration market?
The healthcare it integration market covered in this report is segmented –
1) By Component: Product, Service
2) By Application: Clinic Integration, Radiology Integration, Lab Integration, Hospital Integration, Other Applications
Subsegments:
1) By Product: Integration Engines, Middleware Solutions, Interface Engines, API Management Tools
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services, Managed Services
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What defines the structure and scope of the healthcare it integration market?
Healthcare IT integration refers to a variety of electronic methods that are used to manage patient data for both individual patients and groups of patients, including information about people’s health and medical care. It includes a variety of electronic methods used for systematic collection of real-time data from patients in digital format to create a healthcare ecosystem. Healthcare IT integration allows information such as patients’ medical history, current treatment information, treatment plans, important dates for treatments, laboratory reports, test results, and others to be retrieved instantly and securely available by authorized users to improve the quality of healthcare.
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