Growing Volume of Data Generated in Healthcare Systems Drives Healthcare Integration Market Growth

Market growth influenced due to following factors-

• Rising healthcare costs and the growing volume of data generated in healthcare systems.
• The need to improve patient safety.
• Favorable government and private support for HCIT will also contribute to market growth in the coming years.

Global market size-

According to the new market research report Healthcare IT Integration Market is projected to reach $6.0 billion by 2025, at a CAGR of 11.4% during the forecast period. 

Leading Players-

The prominent players in this Healthcare Integration Market are Infor (US), InterSystems Corporation (US), Cerner Corporation (US), Orion Health (New Zealand), NextGen Healthcare Inc. (US), iNTERFACEWARE, Inc. (Canada), Allscripts Healthcare Solutions, Inc. (US), Epic Systems Corporation (US), GE Healthcare (US), IBM (US), Oracle Corporation (US), Capsule Technologies, Inc. (US), Koninklijke Philips (Netherlands), AVI-SPL, Inc. (US), Corepoint Health (US), and MEDITECH (US). 

Top Market Segments-

Based on product & service, the market is categorized mainly into products and services. In 2019, the services segment was expected to account for the largest share of the Healthcare IT Integration Solutions Market. The large share of this segment can primarily be attributed to its indispensable nature.

Based on end-user, the Healthcare IT Integration Solutions Market is segmented into hospitals, laboratories, clinics, diagnostic imaging centers, and other end users. Hospitals are expected to grow at the highest CAGR during the forecast period.

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Geographic Overview -

North America is expected to account for the largest share of the Healthcare Integration Market in 2019, followed by Europe. The large share of North America can be attributed to the high adoption of healthcare IT technologies, initiatives undertaken by the US Federal government towards improving patient care and reducing healthcare costs, and the growing need for the optimization of healthcare infrastructure.