Vancouver, British Columbia, Jan. 19, 2021 (GLOBE NEWSWIRE) -- The global healthcare IT integration market is expected to reach a market size of USD 7.32 Billion by 2027 and register a significantly high CAGR over the forecast period, according to latest analysis by Emergen Research. Increasing requirement and need to develop centralized medical record platforms is a key factor driving growth of the global healthcare IT integration market currently, and this trend is expected to continue over the forecast period. In addition, rising need to reduce healthcare expenditure by using advanced operational technologies is expected to further boost global healthcare IT integration market growth. Furthermore, rising adoption of EHR systems in the healthcare sector is expected to support global healthcare IT integration market growth in the near future.
However, issues and concerns related to data privacy are among some of the major factors expected to hamper global healthcare IT integration market growth to a certain extent during the forecast period.
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Companies Profiled in Healthcare IT Integration Market Report Include:
Oracle Corporation, Allscripts Healthcare Solutions, Inc., NextGen Healthcare, Inc., Capsule Technologies, Inc., Tata Consultancy Services Ltd., CIOX Health LLC, Leidos Holdings, Inc., Nuance Communications, Inc., Dell Technologies Inc., and Cognizant Technology Solutions Corporation
Key Highlights of Report
- In January 2020, Dynetics, Inc. was acquired by Leidos Holdings, Inc. The acquisition is expected to broaden the portfolio of Leidos with new offerings and technical expertise.
- During the forecast period, the medical device integration segment is expected to register a steady CAGR of 11.4%. Integration of medical devices enables minimizing health service errors, maximize efficiency, and facilitate remote patient monitoring. The benefits of medical device integration and increasing deployment is expected to propel revenue growth of the segment during the forecast period.
- Growing adoption of integration engines is resulting in revenue from the maintenance & support segment increasing significantly during the forecast period.
- Due to advantages offered by use of healthcare IT integration in clinics, such as improved collaboration between different divisions, quick services, cost savings, and convenient accessibility of patient data and other clinical records, revenue from the clinic integration segment is expected to witness substantial growth throughout the forecast period.
- Increasing demand for e-health applications in countries in Asia Pacific market is projected to result in rapid growth of this segment during the forecast period. Growing government initiatives and schemes to improve healthcare services are key factors projected to fuel market growth in the region in the near future.
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Emergen Research has segmented the global healthcare IT integration market on the basis of type, service, application, end-use, and region.
- Type Outlook (Revenue, USD Billion; 2017–2027)
- Medical Device Integration
- Integration Engines
- Media Integration
- Service Outlook (Revenue, USD Billion; 2017–2027)
- Training
- Implementation
- Maintenance & Support
- Application Outlook (Revenue, USD Billion; 2017–2027)
- Clinic Integration
- Radiology Integration
- Lab Integration
- Hospital Integration
- Others
- End-use Outlook (Revenue, USD Billion; 2017–2027)
- Laboratories
- Hospitals
- Diagnostic Imaging Centers
- Clinics
- Others
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- Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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