(EMAILWIRE.COM, February 07, 2019 ) 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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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.).
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. On the basis of services, the market is segmented into implementation services, support and maintenance services, and training services.
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Healthcare integration is the partnership between healthcare providers, payers, vendors, etc. that brings the data or function from one application program to that of another. Traditional health IT systems, such as electronic health record (EHR) and personal health record (PHR) systems, utilize completely different technical and semantic standards to depict and house data and are based on exclusive technical architectures.
The healthcare industry is becoming aware of the fact that effective IT integration is the key to better healthcare delivery systems. However, lack of technical know-how is a challenge. Healthcare IT integration enables the exchange of patients data and retrieval of electronic health records in a secure manner. The integrated healthcare systems help in improving quality and meeting quality requirements, enable better patient engagement, increase productivity, and decrease cost.
#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Healthcare Integration Solutions Market, By Type
8 Healthcare Integration Market, By Application
9 Global Healthcare IT Integration Solutions Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
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.
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The top five players in the global healthcare integration market account for ~60% of the market share. In order to maintain their share, leading players are continuously embracing new technologies and striving to develop and launch robust and cost-effective integration solutions in the market. This strong focus on innovation is helping the industry solve existing challenges and overcome the unmet needs in the market.
The major players in the healthcare integration market include
1. Infor, Inc. (U.S.),
2. InterSystems Corporation (U.S.),
3. Cerner Corporation (U.S.),
4. Orion Health (New Zealand),
5. Quality Systems, Inc. (U.S.),
6. Interfaceware, Inc. (Canada),
7. Allscripts Healthcare Solutions, Inc. (U.S.),
8. Epic Systems Corporation (U.S.),
9. Qualcomm Life, Inc. (U.S.),
10. AVI-SPL, Inc. (U.S.),
11. Corepoint Health (U.S.), and
12. Oracle (U.S.)
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