About Interoperability Solutions In Healthcare
Interoperability solutions in healthcare are developed to provide a technical advantage to the companies in healthcare domain with the ability to share and manage information between devices and information systems within and across organisational boundaries. The interoperability solutions are widely employed in various healthcare facilities such as hospitals. For instance, e-prescribing interoperability solution allows providers of ambulatory healthcare services to electronically send prescriptions to drug stores.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of interoperability solutions in healthcare is expanding due to various reason like growing advancement in technology as well as healthcare industry. While there are certain factors also like merger and acquisition which is driving the market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Interoperability Solutions In Healthcare market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cerner Corporation (United States), Infor, Inc. (United States), Allscripts Healthcare Solutions, Inc. (United States), Koninklijke Philips NV (Netherlands), InterSystems Corporation (United States), Orion Health Group Limited (New Zealand), iNTERFACEWARE (Canada), Quality Systems, Inc. (United States), OSP Labs (United States) and Epic Systems Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ViSolve, Inc. (United States) and Jitterbit (United States).
Segmentation Overview
AMA Research has segmented the market of Global Interoperability Solutions In Healthcare market by Type (Software Solutions and Services), Application (Diagnosis, Treatment and Others) and Region.
On the basis of geography, the market of Interoperability Solutions In Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Interoperability Level, the sub-segment i.e. Foundational Interoperability will boost the Interoperability Solutions In Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud Based will boost the Interoperability Solutions In Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End user, the sub-segment i.e. Healthcare Providers will boost the Interoperability Solutions In Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Funding for Healthcare Interoperability
Market Growth Drivers:
Growing Focus on Patient-Centric Care Delivery, Growing Need to Curtail Healthcare Costs and Government Initiatives for Enhancing Patient Care and Safety
Challenges:
Increasing Complexity With Lack of Consistent Data and Lack of Trained Healthcare IT Professionals
Restraints:
Data Privacy Concerns
Opportunities:
Improving Healthcare Infrastructure in Emerging Markets
Market Leaders and their expansionary development strategies
In January 2024, Amsterdam-based Founda Health, a technology company that builds infrastructure for the global healthcare sector, announced that it has acquired Philips Interoperability Solutions, previously known as Forcare. and The acquisition, the Philips Interoperability Solutions team will be integrated with the Founda Health team.
In February 2024, CitiusTech, a leading provider of healthcare technology services and solutions, has launched an industry-first solution for healthcare organizations to help address the reliability, quality and trust requirements for Generative AI (Gen AI) solutions. The CitiusTech Gen AI Quality & Trust solution will help organizations design, develop, integrate, and monitor quality and facilitate trust in Generative AI applications, providing the confidence needed to adopt and scale Gen AI applications enterprise-wide.
Key Target Audience
Hospitals and Clinics, Healthcare Industries, Software and Solution Provider, Industry Ventures and End user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.