Industry Background:
the increasing need for integration as a result of the rising healthcare costs and the growing volume of data generated in healthcare systems. The growing need to improve patient safety and favorable government and private support for HCIT will also contribute to market growth in the coming years. 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Redox, Inc (United States), Corepoint Health (United States), InterSystems (United States), Greenway Health (United States), NXGN Management (United States), Binary Spectrum (India), Change Healthcare (United States), Magic Software Enterprises (Isreal), AirStrip Technologies (United States), Bridge Connector (United States) and Careteam Technologies (United States) |
According to AMA, the market for Healthcare Integration Engines Software is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by The Rising Demand due to Favorable Government Support and Initiatives and The Upsurging Healthcare Expenditure Market across the World.
Globally, a noticeable market trend is evident Upsurging Requirement of Integrated Healthcare Systems
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Redox, Inc (United States), Corepoint Health (United States), InterSystems (United States), Greenway Health (United States), NXGN Management (United States), Binary Spectrum (India), Change Healthcare (United States), Magic Software Enterprises (Isreal), AirStrip Technologies (United States), Bridge Connector (United States) and Careteam Technologies (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations.
Key Developments in the Market:
In May 2022, the San Francisco-based healthcare technology startup Innovaccer and Montana-based nonprofit health system St. Peter's Health are collaborating to integrate the latter's healthcare cloud platform into care locations and enhance care management.
In September 2019, Redox has announced that Allscripts® is certified as the first global integration engine of the Allscripts Developer Program (ADP). All digital health vendors that are part of the Redox Network will automatically be eligible for Allscripts Unity API access and expedited implementation timelines offered by the ADP program.
Influencing Trend:
Upsurging Requirement of Integrated Healthcare Systems and Potential for Reductions in Medical Error Rate and Improvements in Care Quality
Market Growth Drivers:
The Rising Demand due to Favorable Government Support and Initiatives and The Upsurging Healthcare Expenditure Market across the World
Challenges:
Data Security Concerns and Lack of Skilled Healthcare IT Professionals
Restraints:
The Increasing Concern of Interoperability Issues and High Cost associated with HCIT Integration
Opportunities:
Rising Telehealth as well as Remote Patient Monitoring Markets and Upsurging Demand from Emerging Markets
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Healthcare Integration Engines Software Market
- Analysis about New Entrants in Healthcare Integration Engines Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Healthcare Integration Engines Software Study Sheds Light on
The Healthcare Integration Engines Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Healthcare Integration Engines Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Healthcare Integration Engines Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.