Healthcare Interoperability Market Forecast to 2026: Major Players are Allscripts Healthcare LLC; Infor; Cerner Corporation; iNTERFACEWARE Inc.; NXGN Management, LLC

The Global Healthcare Interoperability Market analysis report is a window to the industry which talks about what market definition, classifications, applications, engagements and market trends are. Moreover, strategic model around the growth objective is designed by analysts, with a detailed route-to-market analysis, competencies to be leveraged and developed, as well as any potential pitfalls. The Healthcare Interoperability Market study also evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. No stone is left unturned while researching and analysing data to prepare market research report like this one and the others.

Healthcare Interoperability Market By Type (Software Solutions, Services), Software Type (Integrated, Standalone), Model Type (Centralized, Hybrid, Decentralized), Interoperability Level (Foundational Interoperability, Structural Interoperability, Semantic Interoperability), Deployment (Cloud-Based, On-Premise), Application (Diagnosis, Treatment, Others), End-Users (Healthcare Providers, Healthcare Payers, Pharmacies), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

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In this Global Healthcare Interoperability Market report, industry trends are formulated on macro-level which guides in comprehending market place and possible future issues. This market report is a result of incessant efforts lead by clued-up forecasters, innovative analysts and bright researchers who indulge in detailed and attentive research on different markets, trends and emerging opportunities in the consecutive direction for the business needs. The report lends a hand to businesses so that they can make informed, strategic and therefore successful decisions for themselves. Estimations about the rise or fall of the CAGR value for a specific forecast period, market drivers, market restraints, and competitive strategies are evaluated in this industry analysis report.

The global healthcare interoperability market is expected to register a healthy CAGR of 13.2% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the better population management with these services as well as the increased usage of EHR software by the healthcare providers. Few of the major competitors currently working in the global healthcare interoperability market are InterSystems Corporation; Orion Health group of companies; Allscripts Healthcare LLC; Infor; Cerner Corporation; iNTERFACEWARE Inc.; NXGN Management, LLC; OSPLabs; Epic Systems Corporation; Koninklijke Philips N.V.; ViSolve.com; Jitterbit; Health Catalyst; Optum, Inc.; Smiths Medical, Inc.; Ciox Health; TeleTracking Technologies, Inc.; Experian Information Solutions, Inc.; Corepoint Health; Oracle; MuleSoft, LLC; Summit Healthcare Services, Inc.; IBM Corporation, among others.

Market Drivers

• Increasing need to deliver patient specialized healthcare services according to the unique need of every individual, this factor is expected to drive the growth of the market
• Increased levels of expenditure incurred & initiatives taken by the government to deliver improving the healthcare services, this is expected to foster growth in the market
• Growing requirement to reduce the costs of healthcare incurred, is expected to have a positive effect on the growth of the market
• Increased usage of healthcare IT services and unique patient information in the North America and European region, is expected to drive the growth of the market

Market Restraints

• Concerns regarding unavailability of completely compatible interoperability offerings, this factor is expected to restrain the growth of the market
• Absence of any set standardizations & regulations regarding the usage of these technologies, this factor is expected to restrain the growth of the market
• Lack of technically skilled professionals for the integration and maintenance of these systems due to a complicated set-up coupled with high costs associated, is expected to hinder the growth of the market

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Segmentation: Global Healthcare Interoperability Market

By Type

• Software Solutions
  • Electronic Health Record (EHR)
  • Lab System
  • Imaging System
  • Healthcare Information Exchange
  • Enterprise
• Others

• Services

By Software Type

• Integrated
• Standalone

By Model Type

• Centralized
• Hybrid
• Decentralized

By Interoperability Level

• Foundational Interoperability
• Structural Interoperability
• Semantic Interoperability

By Deployment

• Cloud-Based
• On-Premise

By Application

• Diagnosis
• Treatment
• Others

By End-Users

• Healthcare Providers
  • Hospitals & Clinics
  • Long-Term Care Centers
  • Ambulatory Surgical Centers
  • Diagnostic & Imaging Centers
  • Others
• Healthcare Payers
• Pharmacies

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Key Developments in the Market:

• In July 2018, Health Catalyst announced that they had completed the acquisition of Medicity, expanding their consumer base along with the locations serviced. They will be able to provide their offerings to a greater number of healthcare providers, facilities to physicians and patients. Due to the combined capabilities of both the companies, they will be able to offer better healthcare services resulting in better quality at a lower cost.
• In January 2018, Epic Systems Corporation announced the launch of “One Virtual System Worldwide”, a communicative interface for physicians, clinics, organizations where the exchange of data & interaction between them is available. This will enable not just viewing the data available at their disposal rather involve exchange of valuable information that will help in providing specialized healthcare services according to each individual requirement.

Competitive Analysis:

Global healthcare interoperability market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare interoperability market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

• Current and future of global healthcare interoperability market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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