Healthcare Integration Market to Reach 3.73 Billion by 2021 by Growing Applications in (Hospital, Laboratory, Radiology, Clinics)

The global healthcare integration market is expected to grow at a strong CAGR of 10.2% during the forecast period of 2016 to 2021 and is estimated to reach USD 3.73 billion by 2021. Growth in this market is majorly driven by factors such as rising healthcare costs, strong government support and initiatives to curtail rising healthcare costs, the growing need to integrate healthcare systems, and efforts from healthcare providers to maximize their returns on investment.

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The healthcare integration products market is further bifurcated into interface/integration engines, medical device integration software, media integration solutions, and other integration tools. On the basis of services, the market is segmented into implementation services, support and maintenance services, and training services. During the forecast period, the interface/integration engines segment will continue to dominate the healthcare integration market. In this report, the healthcare IT integration market is segmented based on solutions, applications, and regions. Based on solutions, the market is segmented into products and services.

Healthcare Integration Market, By Application

  • Hospital Integration
  • Medical Device Integration
  • Lab Integration
  • Clinic Integration
  • Radiology Integration

By 2021, North America is expected to account for the largest share of the global healthcare integration market, followed by Europe, Asia-Pacific, and RoW. However, markets in developed geographies like North America and Europe are expected to grow at lower CAGRs as compared to Asia-Pacific. This is because the Asia-Pacific region is characterized by favorable factors for healthcare integration market growth, such as rising healthcare awareness, presence of less stringent regulations, improving healthcare infrastructure, and increasing demand for quality healthcare at low costs.

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However, various interoperability issues, a fragmented end-users market, and the high cost of implementation still remain some of the challenges for greater adoption of integration tools within the healthcare industry, thus restraining the healthcare integration market growth.

The major players in the healthcare integration market include Infor, Inc. (U.S.), InterSystems Corporation  (U.S.), Cerner Corporation (U.S.), Orion Health (New Zealand), Quality Systems, Inc. (U.S.), Interfaceware, Inc. (Canada), Allscripts Healthcare Solutions, Inc. (U.S.), Epic Systems Corporation (U.S.), Qualcomm Life, Inc. (U.S.), AVI-SPL, Inc. (U.S.), Corepoint Health (U.S.), and Oracle (U.S.).

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This research is useful for the following Audience

Market Research and Consulting Firms, Healthcare IT integration Solutions Manufacturers and Distributors, Venture Capitalists and Investors Healthcare Institutions (Hospitals, Laboratories, Medical Schools, and Outpatient Clinics), Research Institutes and Government Associations

Infor, Inc. (U.S.) and Cerner Corporation (U.S.) are the major players in the healthcare integration market. In 2015, Infor, Inc. dominated the global healthcare IT integration market with its robust interface engine product offering and strong presence in more than 200 countries. Other leading players like Cerner Corporation (U.S.) Quality Systems, Inc. (U.S.) and InterSystems Corporation (U.S.) have a strong geographic presence with business operations in several geographies, including Europe, North America, Latin America, Asia, the Middle East, and Africa.

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