The healthcare IT integration simply means putting information technology (IT) to work in healthcare. The integration of information technology (IT) in healthcare includes a variety of automated methods that are used to manage information about people’s health and health care, for both individual and group of patients.
The Global Healthcare IT integration Market is estimated to be valued at USD 2.35 billion in 2016 and is projected to reach USD 3.92 billion by 2021, at a CAGR of 10.83% during the forecast period from 2016 to 2021. Initiatives and incentives program launched by government, increasing need to curtail ever increasing healthcare cost, growing demand of better quality patientâs information, including demographic, clinical and financial information and need to increase efficiency of medical practices and institution are the primary drivers of this market.
Additionally, high return on investments, demand for paper-less technology, among others are some of the other drivers of this market.
The technology also has certain constraints to overcome, such as the high cost of initial investments, the lack of properly trained IT professionals in healthcare and various interoperability issues among different healthcare IT products. Data Integrity and safety is also a key concern. However, the technology has several opportunities as well.
The introduction and implementation of Electronic Health Records (EHR), the rising investments in venture capital funds, and the implementation of trends in the medical-IT field, such as precision medicines, EHR, analytics-driven personalized medicines, clinical DSS, health and disease management, and so on.
The global healthcare IT integration market is segmented on the basis of Product (Interface Engines, Media Integration Products, Medical Device Integration Setup), mode of services (Operation services, Support and Upkeep services, Training and others), End-User (Hospitals, clinics labs, radiology and others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).
The major market players in this market are IBM, Cerner Corporation, GE healthcare, Oracle, Orion health, Siemens health, corepoint health, Infor, Allscripts healthcare solutions, Intersystems corporation etc. The primary stakeholders of this technology are healthcare IT firms, care organizations, health insurance providers, healthcare payers, healthcare providers, and venture capitalists.
Key Deliverables in the Study
Market analysis for the Global Healthcare IT integration Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global healthcare IT integration market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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