Healthcare Interoperability Solutions: World Market Review & Outlook 2019 to 2024 – Improving Healthcare Infrastructure in Emerging Markets Presents Opportunities

DUBLIN, March 28, 2019 /PRNewswire/ — The “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” report has been added to’s offering.

The healthcare interoperability solutions market is projected to reach USD 4.2 billion by 2024 from an estimated USD 2.3 billion in 2019, at a CAGR of 12.6%.

The growing focus on patient-centric care delivery, rising need to curb increasing healthcare costs, government initiatives for enhancing patient care and safety, and government funding for healthcare interoperability are the primary growth factors for this market. The growing improvements in healthcare infrastructure are expected to offer significant growth opportunities for players in this market.

However, increasing complexity with lack of consistent data, lack of trained healthcare IT professionals, and data privacy concerns are some of the major market challenges.

The prominent players in the global healthcare interoperability solutions market are Cerner Corporation (US), Infor, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), Koninklijke Philips NV (Netherlands), InterSystems Corporation (US), Orion Health Group Limited (New Zealand), iNTERFACEWARE (Canada), Quality Systems, Inc. (US), OSP Labs (US), Epic Systems Corporation (US), ViSolve, Inc. (US), and Jitterbit (US).

The need to manage regulatory compliance and favorable government initiatives are expected to account the largest market share of EHR interoperability solutions

On the basis of software solutions, by type, the healthcare interoperability solutions market is further sub-segmented into EHR interoperability solutions, lab system interoperability solutions, imaging system interoperability solutions, HIE interoperability solutions, enterprise interoperability solutions, and other interoperability solutions.

The EHR interoperability solutions segment is expected to hold the largest share of the healthcare interoperability software solutions market. The increasing number of initiatives to improve the quality of care delivered to patients and the growing need to improve the profitability of healthcare operations and curtail healthcare costs are factors contributing for the larger share of this segment.

The Asia Pacific region is likely to be the fastest growing market for players operating in the healthcare interoperability solutions market

Even though North America is expected to account for the largest share of the global healthcare interoperability solutions market in 2019, the Asia Pacific region is expected to witness the highest CAGR during the forecast period. Rising medical tourism, growing demand for quality healthcare, and the growing need for the implementation and integration of medical devices and HCIT solutions to provide cost-effective and quality care to patients are factors driving the growth of this regional segment.

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Approach

2.2 Market Size Estimation

2.3 Data Triangulation Approach

2.4 Market Share Estimation

2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights

4.1 Healthcare Interoperability Solutions Market Overview

4.2 Healthcare Interoperability Solutions Market: Geographic Growth Opportunities

4.3 Regional Mix: Healthcare Interoperability Solutions Market (2019-2024)

4.4 Healthcare Interoperability Solutions Market: Developed vs Developing Markets, 2019 vs 2024

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers Growing Focus on Patient-Centric Care Delivery Growing Need to Curtail Healthcare Costs Government Initiatives for Enhancing Patient Care and Safety Government Funding for Healthcare Interoperability

5.2.2 Restraints Lack of True Interoperability Solutions Lack of Standards Use of Outdated Legacy Systems

5.2.3 Opportunities Improving Healthcare Infrastructure in Emerging Markets

5.2.4 Challenges Increasing Complexity With Lack of Consistent Data Lack of Trained Healthcare IT Professionals Data Privacy Concerns

6 Industry Insights

6.1 Introduction

6.2 Industry Trends

6.2.1 Shift Towards Cloud-Based Solutions

6.2.2 Increasing Adoption of Application Programming Interface

6.3 Regulatory Scenario

7 Healthcare Interoperability Solutions Market, By Type

7.1 Introduction

7.2 Software Solutions

7.2.1 EHR Interoperability Solutions Large Installation Base of EHR Systems and the Need to Make Them Interoperable – Factors Responsible for the Large Market Share

7.2.2 Lab System Interoperability Solutions Increasing Cost of Operations and the Decreasing Reimbursements for Laboratory Services to Boost the Adoption of These Solutions

7.2.3 Imaging System Interoperability Solutions Rising Need for Data Interoperability and Increasing Usage of Smart Devices to Drive Market Growth

7.2.4 Healthcare Information Exchange Interoperability Solutions Large Investments By the Federal Government to Drive the Adoption of These Solutions

7.2.5 Enterprise Interoperability Solutions Advancing Software Technology and the Rising Demand for Expanded Care Delivery are Driving the Growth of This Segment

7.2.6 Other Interoperability Solutions

7.3 Services

8 Healthcare Interoperability Solutions Market, By Interoperability Level

8.1 Introduction

8.2 Foundational Interoperability

8.2.1 Need for Safe and Accurate Data Exchange Across Disparate Systems to Drive Market Growth

8.3 Structural Interoperability

8.3.1 Structural Interoperability Ensures Interpretation of Data Exchanges Between Systems at the Data Field Level

8.4 Semantic Interoperability

8.4.1 Semantic Interoperability Segment to Register the Highest Growth During the Forecast Period

9 Healthcare Interoperability Solutions Market, By End User

9.1 Introduction

9.2 Healthcare Providers

9.2.1 Hospitals and Clinics Increasing Patient Volume and the Rising Need to Reduce Errors in Data Management Along With Need for Data Privacy is Expected to Drive This Segment

9.2.2 Long-Term Care Centers Increasing Number of Long-Term Care Centers and the Need to Maintain Compliance With Medical Reforms is Expected to Drive Market Growth

9.2.3 Diagnostic and Imaging Centers Increasing Volume of Clinical Data and Need to Streamline the Imaging Workflow is Driving Market Growth

9.2.4 Other Providers

9.3 Healthcare Payers

9.3.1 Payer Interoperability Helps to Decrease Emergency Department & Hospital Stays and Repeat Tests & Procedures

9.4 Pharmacies

9.4.1 Pharmacies Use Hie Solutions to Provide Individualized Care and Support to Patients

10 Healthcare Interoperability Solutions Market, By Region

10.1 Introduction

10.2 North America

10.2.1 US Growing Need to Curtail Soaring Healthcare Costs to Drive Market Growth in the US

10.2.2 Canada Healthcare Digitization to Support the Adoption of Healthcare IT Solutions in Canada

10.3 Europe

10.3.1 Germany Government Initiatives to Modernize the Healthcare System and Increasing Healthcare Expenditure Driving the Market Growth in Germany

10.3.2 UK Government Initiatives to Drive the Demand for Healthcare Interoperability Solutions in the UK

10.3.3 France Government Initiatives to Promote the Adoption of Healthcare IT Solutions to Drive Market Growth in France

10.3.4 Netherlands Robust Healthcare Infrastructure and Ehealth Initiatives are Expected to Drive the Market in the Netherlands

10.3.5 Rest of Europe

10.4 Asia Pacific

10.4.1 APAC Region is Expected to Grow at the Highest CAGR During the Forecast Period

10.5 Latin America

10.5.1 Brazil, Argentina, and Mexico are Some of the Emerging Healthcare Markets in Latin America

10.6 Middle East & Africa

10.6.1 UAE is Expected to Offer Growth Opportunities for the Healthcare IT Market in the Region

11 Competitive Landscape

11.1 Overview

11.2 Market Share Analysis

11.2.1 Healthcare Interoperability Solutions Market

11.3 Competitive Leadership Mapping

11.3.1 Visionary Leaders

11.3.2 Innovators

11.3.3 Dynamic Differentiators

11.3.4 Emerging Companies

11.4 Competitive Situation and Trends

11.4.1 Product Launches

11.4.2 Expansions

11.4.3 Acquisitions

11.4.4 Agreements, Partnerships and Collaborations

12 Company Profiles

12.1 Intersystems Corporation

12.2 Orion Health Group Limited

12.3 Allscripts Healthcare Solutions Inc.

12.4 Infor Inc.

12.5 Cerner Corporation

12.6 Interfaceware Inc.

12.7 Nextgen Healthcare Inc.

12.8 OSP Labs

12.9 EPIC Systems Corporation

12.1 Koninklijke Philips N.V.

12.11 Visolve Inc.

12.12 Jitterbit

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