Healthcare IT integration market is expected to rise from its initial estimated value of USD 8.00 billion in 2018 to an estimated value of USD 18.45 billion by 2026, registering a CAGR of 11.00% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand for a single place for Patient’s Record.
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Healthcare it integration can be defined as a type of medical devices category through which the physicians and doctors can continuously monitor and care for the infant children. These devices are even used to feed the babies medicine, fluids or even draw blood, check the blood pressure, treat a number of diseases and continuously monitor the status and health of the baby.
According to World Health Organization, with the help of healthcare It WHO has been able to classify illnesses, their causes and symptoms into a massive database that encompasses more than 14,000 individual codes. This significant number is expected to act as a driver to the market growth.
Key Market Competitors: Global Healthcare It Integration Market
Few of the major competitors currently working in the healthcare it integration market are Optum Inc. , Cerner , Cognizant , Change Healthcare , Koninklijke Philips N.V. (Netherlands), Epic Systems Corporation , Dell Technologies , Allscripts , GE Healthcare , IBM , Athena health , Oracle Corporation , Conduent , Infor , Tata Consultancy Services Ltd. (India), Wipro Limited (India), Conifer Health Solutions, LLC , Nuance Communications, Inc. , 3M , Inovalon , InterSystems Corporation , Leidos , Softheon , Omnicell , and Ciox Health .
- High demand for a single place for patient’s record and other healthcare providers data.
- High demand for a system that can enhance efficiency of healthcare providers and institution.
- High demand for to cut or reduce healthcare expenditure. is working as driver for the market.
- High demand for paperless technology is working as driver for the market.
- Healthcare it require skilled professionals
- Healthcare It require high maintenance and Security Cost
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Segmentation: Global Healthcare It Integration Market
- By Type
- Support and Maintenance Services
- Implementation Services
- Training Services
- Interface/Integration Engines
- Medical Device Integration Software
- Media Integration Solutions
- Other Integration Tools
- By End User
- Hospital Integration
- Medical Device Integration
- Lab Integration
- Clinics Integration
- Radiology Integration
- By applications
- Medical device integration
- Healthcare center integration.
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Global healthcare it integration market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare it integration market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
- In April 2019, Mercom Capital Group, llc announced that they have received $ 2 billion in Digital Health (Healthcare Information Technology) This is Biggest investment in Healthcare information Technology this will change market dynamics as it will make mercom biggest player in the market. .
- In April 2019, – Kyruus, today announced that Prisma Health formed from the merger of Greenville Health System and Palmetto Health. With this Merger Prisma Health has becomeSouth Carolina’s largest health system and after this merger Prisma Health has become one of the major player in US.
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