Global Health care Interoperability Solutions Market: Overview
Health care is experiencing a massive revolution as technology is widely used to engage patients, consumers, and caregivers, provide real-time information, and support care delivery with better use of data and analytics. Presently the health care industry is focused on improving quality of health care facilities and operational efficiency, reducing the cost of procedures and decreasing medical errors occurring while conducting various medical procedures. Lack of interoperability and integration among pharmacies, payers, providers, and other stake holders weakens the unified Health care continuum. Currently, a patient’s health records are captured in different formats including free text, papers, structured electronic health care records, payer application, and multiple hospital information system. This lack of stability makes it difficult to combine data. It also makes safeguarding of privacy and security of patient’s confidential clinical health difficulty.
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Global Health care Interoperability Solutions Market: Key Trends
Increasing focus on health care interoperability solutions by health care authorities, rising investments for improving Health care facilities, increasing government initiatives for enhancing patient care, rising government funding for health care interoperability, and growing focus on patient-centric care delivery has improved several features in medical practices. Health care interoperability solutions are extensively employed in health care facilities, leading to rapid developments in the global Health care interoperability solutions market. However, lack of trained health care IT professionals, increase in complexity with the lack of consistent data and data privacy concerns are some major factors that are likely to restrain the market during the forecast period.
Global Health care Interoperability Solutions Market: Segmentation
The global Health care interoperability solutions market can be segmented based on type, interoperability level, end-user, and region. In terms of type, the market can be bifurcated into software and services. The software segment can be categorized into electronic health records interoperability solutions, enterprise interoperability solutions, imaging system interoperability solutions, lab system interoperability solutions, health care information exchange interoperability solutions, and other interoperability solutions. The health care information exchange interoperability solutions segment is anticipated to grow at the utmost CAGR during the forecast period owing to factors such as the growing adoption of Health care IT solutions and the need for greater access to patient health information to improve care quality and enhance patient satisfaction. Based on interoperability level, the global market for Health care interoperability solutions can be divided into structural, semantic, and foundational. In terms of end-user, the global market can be categorized into health care providers, health care payers, and pharmacies. The health care providers segment can be segregated into hospitals and clinics, long-term care centers, diagnostic and imaging centers, and others.
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Global Health care Interoperability Solutions Market: Regional Analysis
Based on region, the health care interoperability solutions market can be split into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific, (China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East & Africa (South Africa, Saudi Arabia, Israel, and Rest of Middle East & Africa). North America is expected to dominate the global health care interoperability solutions market during the forecast period.
Factors such as increasing need to curb the growing health care expenditure, rising demand for quality health care delivery, and implementation of favorable initiatives & regulations to improve the overall efficiency of health care organizations in the region is expected to drive the market in the region.
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Global Health care Interoperability Solutions Market: Competitive Landscape
Key players in global health care interoperability solutions market include Koninklijke Philips N.V., Cerner Corporation, Jitterbit, ViSolve, Inc., Epic Systems Corporation, iNTERFACEWARE, OSP Labs, Quality Systems, Inc., Orion Health Group Limited, InterSystems Corporation, Infor, Inc., and Allscripts Health care Solutions, Inc.