Healthcare IT Integration Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Healthcare IT Integration Market: Market Segments: By Product & Service (Products and Services); By End-User (Hospitals, Laboratories, Clinics, Diagnostic Imaging Centers and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Healthcare IT integration refers to the practice of digital intervention for the effective management of patient health. The practice enables the effective archiving, monitoring, integration and communication of patient’s health in a secure environment. In primary healthcare centers, healthcare IT integration practices are used for purposes such as computerized provider order entry, clinical decision support, electronic prescribing, consumer health IT applications, and storage and transfer of electronic medical records across different end points.
Market Highlights
Healthcare IT Integration Market is expected to project a notable CAGR of 11.6% in 2030.
Healthcare IT Integration Market to surpass USD 7.2 billion by 2030 from USD 2.8 billion in 2019 at a CAGR of 11.6% throughout the forecast period, i.e., 2020-30. The easy availability of technologically advanced goods, the dropping costs of communication devices, the technological development of the healthcare industry and the increasing use of mobile computing devices by both healthcare practitioners and patients have all greatly benefited the market.
Healthcare IT Integration Market: Segments
Interface Engines segment to grow with the highest CAGR during 2020-30
Healthcare IT Integration Market is segmented by product and services as interface/integration engines, medical device integration software, media integration solutions, and other integration tools. The greater market share in 2019 was accounted by Interface Engines segment as Integration engines help IT departments connect various systems together, enabling clinicians and other approved users to access information found in multiple EHRs or other applications.
Healthcare IT Integration Market: Market Dynamics
Drivers
Rise in the Demand for Paperless Technology
Factors such as the need to create a centralized website for patient information and other healthcare services, the need to improve the efficacy of existing medical practices and facilities, the need to minimize or contain healthcare spending, and the increase in demand for paperless technology are driving the market.
Restrain
High cost related with healthcare IT integration
There is a considerably high cost of HCIT integration and interoperability solutions for various medical devices. It is a major challenge for healthcare organizations to resolve such financial constraints, especially in emerging economies where budgetary approvals for IT solutions over medical equipment are usually difficult to obtain.
Healthcare IT Integration Market: Key Players
• Allscripts Healthcare Solutions Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Cerner Corporation
• GE Healthcare
• IBM Corporation
• Siemens Healthcare GmbH
• Corepoint Health LLC
• Inter Systems Corporation
• Oracle Corporation
• Orion Health
Healthcare IT Integration Market: Regions
Healthcare IT Integration Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Healthcare IT Integration Market in North America held the largest market share of XX.X% in the year 2019 and is expected to continue its stronghold for a few more years. Owing to the well-established healthcare industry and better reimbursement facilities in the region, this region is expected to grow its market share in the future. Asia Pacific is projected to show the highest growth rate during the forecast period. The region's high growth rate can mainly be attributed to favorable government measures to introduce IT in the healthcare sector, rising medical tourism, increasing demand for advanced telehealth & eHealth solutions due to the outbreak of COVID-19, and increasing demand for quality healthcare in the region.
Healthcare IT Integration Market report also contains analysis on:
Healthcare IT Integration Market Segments:
By Product & Service:
• Products
o Interface/Integration Engines
o Medical Device Integration Software
o Media Integration Solutions
o Other
• Services
o Implementation & Integration
o Support & Maintenance
o Training & Education
o Consulting
By End-User:
• Hospitals
• Laboratories
• Clinics
• Diagnostic Imaging Centers
• Others

• Healthcare IT Integration Market Dynamics
• Healthcare IT Integration Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Healthcare IT Integration Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Healthcare IT Integration Market?
· What could be the challenging factors in the growth of Healthcare IT Integration Market?
· What are the growth drivers for the Healthcare IT Integration Market?

Frequently Asked Questions