Healthcare IT Integration Market by Product (Interface Engine, Medical Device Integration, Media Integration), Service (Integration, Maintenance, Training, Consulting), End User (Hospital, Laboratories, Home Healthcare, Clinic), and Geography: Global Market Size Estimates and Forecast (2022-2030)

BMIRE00026020 | Pages: 100 | Healthcare IT | Sep 2022 | Type: Global | Status: Published

The market crossed US$ 4.5 billion mark in 2022 and is expected to hit US$ 9.5 billion by 2030, recording a CAGR of 12.0% during the forecast period.

The healthcare IT integration market is growing due to the rapid adoption of electronic health records and other healthcare IT solutions

Further, integrating the healthcare industry with information technology and the IoT (Internet of Things) to curb healthcare costs is also boosting the market growth. The support and maintenance services segment conquered the market. These services ensure that healthcare providers have a way into the vendor company's technical knowledge base, gain support from its product support team, and acquire application management skills.  

Within the report, the market is segmented into product, service, end-user, and geography. By product, the market is segmented into interface engine, medical device integration, and medical integration. Based on service, the market is segmented into integration, maintenance, training, and consulting. Based on end-user, the market is segmented into hospitals, laboratories, home healthcare, and clinic. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Integration of Artificial intelligence (AI) and the internet of things (IoT) will provide future opportunity

Healthcare IT integration is an association of IT and the healthcare sector. It involves the application of the latest IT solutions to determine individual health, perform secured exchange of their electronic data and give economical healthcare solutions. The application of IT in other domains has presented positive outcomes; the same is expected in healthcare. The healthcare industry is focusing on combining  AI and IoT technology to improve patient care. This improvement is anticipated to increase scalable treatments, digital patient experience, and medical device interoperability.

Growing demand for telehealth services is one of the major factors accelerating market growth.

As of now, telehealth services are in demand for monitoring and consultation purposes. Further, improvements in healthcare solutions have made it likely to deliver educational content and determine continuous communication between patients and healthcare professionals. The smooth functioning of remote patient monitoring solutions is dependent on the effective association of medical devices and ICT, which aids in providing healthcare management over extended distances.

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Recent strategic developments in the healthcare IT integration market

The healthcare IT integration market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2021 Lyniate launched Lyniate Rapid. It is a healthcare API gateway and manager developed to help health teams produce and safeguard APIs.
  • In April 2021, Lyniate acquired Datica, Inc. This acquisition has opened the possibility of its customers to connect and aggregate the data from multiple systems of record through FHIR.
  • In January 2021  Koninklijke Philips N.V. signed an agreement with Capsule Technologies Inc. focusing to acquire Capsule Technologies, Inc. thus, expanding its product portfolio in the segment.

Several players drive the healthcare IT integration market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Infor, InterSystems Corporation, Cerner Corporation, Orion Health, NextGen Healthcare, Inc., iNTERFACEWARE, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, AVI-SPL, Inc., Corepoint Health (Lyniate), and Oracle Corporation are among the prominent players operating in the market.

The target audience for the report:

  • Drug developing companies
  • Contract development and manufacturing organization,
  • Drug discovery-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Drug distributors and sales firms
  • End users of drug discovery
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product:
    • Interface engine
    • Medical device integration
    • Media integration
  • Service:
    • Integration
    • Maintenance
    • Training
    • Consulting
  • End User:
    • Hospitals
    • Laboratories
    • Home Healthcare
    • Clinic
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Infor
    • InterSystems Corporation
    • Cerner Corporation
    • Allscripts Healthcare Solutions, Inc.
    • Orion Health
    • NextGen Healthcare Inc.
    • Epic Systems Corporation
    • Koninklijke Philips
    • Capsule Technologies Inc.

Companies profiled
- Infor
- InterSystems Corporation
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Orion Health
- NextGen Healthcare Inc.
- Epic Systems Corporation
- Koninklijke Philips
- Capsule Technologies Inc.

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