Healthcare IT Integration Market Size to Reach USD 7.32 Bn by 2027 | Increasing Need to Develop Centralized Medical Record Platforms and Reducing Healthcare Expenditure will be Key Factor Driving the Industry Growth, States Emergen Research

Key market participants 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

Vancouver, British Columbia, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The global healthcare IT integration market size was USD 3.29 Billion in 2019 and is expected to reach USD 7.32 Billion by 2027, at a CAGR of 11.2% during the forecast period, according to a current analysis by Emergen Research. Due to the increasing need to develop centralized medical record platforms, the global healthcare IT integration market is likely to expand substantially in the near future. Besides, the rising

demand to reduce healthcare expenditure by using advanced operational technologies is expected to boost the global healthcare IT integration market during the forecast period. Furthermore, the rising adoption of EHR systems in the healthcare industry is likely to fuel the global healthcare IT integration market in the near future.

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However, the issues related to data privacy are likely to hinder the global healthcare IT integration market during the forecast period.

Key Highlights of Report

• In January 2020, Dynetics, Inc. was acquired by Leidos Holdings, Inc. The acquisition would broaden the portfolio of Leidos with new offerings and technical expertise.

• During the forecast period, the medical device integration segment is expected to witness rapid growth at a CAGR of 11.4%. Integration of medical devices enables to minimize health service errors, maximize efficiency, and facilitate remote patient monitoring. These benefits of medical device integration are anticipated to propel the segment during the forecast period.

• Due to growing adoption of integration engines, the maintenance & support segment is expected to witness significant growth 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, the clinic integration segment is expected to witness substantial growth throughout the forecast period

• Due to the increasing demand for e-health applications, the Asia Pacific market is projected to witness rapid growth during the forecast period. Growing government efforts to improve healthcare services are projected to fuel the market in the region in the near future.

• Key market participants 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

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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

    1. U.S.

    2. Canada

    3. Mexico

  • Europe

    1. Germany

    2. U.K.

    3. France

    4. BENELUX

    5. Rest of Europe

  • Asia Pacific

    1. China

    2. Japan

    3. South Korea

    4. India

    5. Rest of APAC

  • Latin America

    1. Brazil

    2. Rest of LATAM

  • Middle East & Africa

    1. Saudi Arabia

    2. UAE

    3. Rest of MEA

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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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