Healthcare IT Integration Market Objectives of the Study, Research Methodology and Assumptions, Value Chain Analysis and Forecast by 2030

Healthcare IT Integration Market is valued approximately USD 3.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2019-2026.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

Healthcare IT integration can be referred as a category of medical devices through which the doctors and physicians can uninterruptedly monitor health and care for the people. These devices are also used to provide services that can substantially expand the productivity of a healthcare organization, while serving prevent or minimize the rate of medical errors which can caused by humans, and also used to cut down the overall health costs.

Further, healthcare IT integration comprise of a wide range of methods – all electronic, to help and manage the information delivered by a patient, or the information generation during their care at a healthcare organization. This will help both the healthcare organization as well as the patient. Growing volume of data generated in healthcare systems, increased prevalence of several chronic diseases, and favorable government initiatives for healthcare IT integration are the few factors responsible for high CAGR of the market over the forecast period.

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According to the International Data Corporation, in 2013, there were about 153 exabytes of data is generated in healthcare industry in 2013, and it is expected to reach to around 2,314 exabytes by 2020. This, in turn, is anticipated to accelerate the demand of product & services related to healthcare IT integration around the world. However, high cost of HCIT integration and interoperability issues in these devices are the few factors expected to impede the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Healthcare IT Integration market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption of healthcare IT technologies, initiatives commenced by the US Federal government for improving patient care and reducing healthcare costs in the region.

Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the presence of large patient population base, coupled with increasing commercialization of healthcare IT integration devices by market players in the region.

Major market player included in this report are:
Allscripts Healthcare Solutions, Inc.
Cerner Corporation
Nextgen Healthcare, Inc.
Interfaceware, Inc.
Epic Systems Corporation
Intersystems Corporation
Orion Health Group Limited
GE Healthcare
IBM
Corepoint Health

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Product:
Interface/Integration Engines
Medical Device Integration Software
Media Integration Solutions
Others

By Services:
Support & Maintenance Services
Implementation & Integration Services
Training & Education Services
Consulting Services

By End-User
Hospitals
Clinics
Laboratories
Diagnostic Imaging Centers
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Healthcare IT Integration Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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