Global Healthcare Interoperability Solutions Market is expected to grow at a CAGR of 12.5% from 2020 to 2027. Increased government expenditure for patient care and safety boosting the adoption of healthcare interoperability solutions, growing need to curb increasing healthcare costs, and focus on patient-centric careare the major factors surging the market growth. However, privacy concerns and the increase in complexity due to lack of reliable data are restraining the market growth. Growing consumer awareness and increasing government funding would propel the market in developing countries. Moreover, technological advancement which has led to the deposition of the latest techniques will boost the market in the developed nations.
The global healthcare interoperability solutions market is segmented by solution, interoperability levels, and end-user. Software and services are the bifurcations of the solution segment. The software segment is further divided into lab system interoperability solutions, imaging system interoperability solutions, EHR interoperability solutions, HIE interoperability solutions, enterprise interoperability solutions, and other interoperability solutions. By interoperability level, the market is divided into foundational interoperability, structural interoperability, and semantic interoperability. By end-user, the market is bifurcated intohealthcare providers, healthcare payers, and pharmacies. North America, Europe, Asia-Pacific, andLAMEA are the geographical breakdowns of the market at the global level.
By solution, the service segment dominated the market in 2020, driven by the paradigm shift towards the cloud-based platform to reduce operational costs. The repetitive purchase of services such asmaintenance andsoftware update further drives the segment growth.By interoperability level, the structural segment dominated the market owing to the high adoption of technology such as e-prescribing. Hospitals dominated the end-user segment accounting for the major market share globally. The market dominance of this segment is owing to supportive government policies.
The leading market players include are Cerner Corporation, Infor, Inc., Allscripts Healthcare Solutions, Inc., Koninklijke Philips NV, InterSystems Corporation, Orion Health Group Limited, iNTERFACEWARE, Quality Systems, Inc., OSP Labs, Epic Systems Corporation, ViSolve, Inc., and Jitterbit, among others.
Healthcare Interoperability Solutions Market Key Segments:
• Software Solution
o EMR/EHR Interoperability Solutions
o Lab Systems Interoperability Solutions
o Imaging Systems Interoperability Solutions
o Healthcare Information Exchange Interoperability Solutions
o Enterprise Interoperability Solutions
o Other Interoperability Solutions
• Service Solution
Interoperability Level Segments
• Foundational Interoperability
• Structural Interoperability
• Semantic Interoperability
• Healthcare Providers
o Hospitals and Clinics
o Long-term Care Centers
o Diagnostic and Imaging Centers
o Other Providers
• Healthcare Payers
• North America
o The U.S.
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o The Middle East
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