CHICAGO, Nov. 8, 2019 /PRNewswire/ -- According to the new
market research report "Healthcare IT Integration
Market by Product (Interface Engine, Medical Device
Integration, Media Integration), Service (Implementation, Support,
Training), End-User (Hospital, Laboratory, Diagnostic Imaging
Centers), Region - Global Forecast to 2024", published by
MarketsandMarkets™, the Healthcare IT Integration Market is
projected to reach USD 5.3 billion by
2024 from USD 3.1 billion in 2019, at
a CAGR of 10.9% during the forecast period.
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The increasing need for integration as a result of the rising
healthcare costs and the growing volume of data generated in
healthcare systems are the major factors driving the growth of this
market.
"The services segment is expected to dominate the Healthcare
IT Integration Market in 2019."
Services make up a large component of the Healthcare IT
Integration Solutions Market due to their indispensable nature. In
addition to this, the rising need for simplifying workflows in
healthcare organizations; the increasing demand for data
standardization; and the growing need to build, design, and
implement standardized, interoperable networking platforms are also
driving the demand for healthcare IT integration services.
Browse in-depth TOC on "Healthcare IT
Integration Market"
107 – Tables
39 – Figures
165 – Pages
"The hospitals segment is expected to grow at the highest
CAGR during the forecast period."
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.
This growth can be attributed to the high purchasing power of
hospitals to buy advanced healthcare IT integration solutions and
the increasing focus on offering high-quality patient care through
the use of HCIT solutions.
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"North America to hold the
largest regional Healthcare IT Integration Market share in
2019."
North America is expected to
account for the largest share of the Healthcare IT Integration
Solutions 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.
The prominent players in Healthcare IT 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), AVI-SPL, Inc. (US), Corepoint Health (US), and
MEDITECH (US).
Browse Adjacent Markets: Healthcare IT Market
Research Reports & Consulting
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Healthcare IT Market by Product (EHR, RIS, PACS,
VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health
Management, Supply Chain Management, CRM, Fraud Management, Claims
Management) End User (Provider, Payer) - Global Forecast to
2024
Healthcare Interoperability Solutions Market by Type
(EHR Interoperability, Health Information Exchange, Enterprise),
Interoperability Levels (Foundational, Structural, Semantics), End
User and Region - Global Forecast to 2024
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