CAGR of 15%, Healthcare IT Integration Market is expected to grow (2018-2023) According to Business Outlook, Top Companies, Key Regions, Product Demand, Analytical Research Report

Healthcare IT Integration

The Healthcare IT Integration Market Report 2018-2023 focuses on the global Healthcare IT Integration status, future forecast, growth opportunity, key market, and key players. 

The Healthcare IT Integration Market report studies the global market size of Healthcare IT Integration in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Healthcare IT Integration in these regions. This research report categorizes the global Healthcare IT Integration market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

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The various contributors involved in the value chain of Healthcare IT Integration include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • Allscripts Healthcare Solutions
  • Inc.
  • Cerner Corporation
  • Corepoint Health LLC
  • GE Healthcare
  • IBM
  • InterSystems Corporation
  • Oracle Corporation
  • Orion Health
  • Siemens Healthcare

Overview of Healthcare IT Integration Market Research Report 2018-2023:-

The global healthcare IT integration market is expected to register a CAGR of 15% during the forecast period of 2018–2023. The healthcare IT integration simply means putting information technology (IT) to work in healthcare. The integration of information technology (IT) in healthcare includes a variety of automated methods that are used to manage information about people’s health and healthcare, for both individual and group of patients.

Need to Increase Efficiency of Current Medical Practices and Institution

Healthcare IT integration will help healthcare providers to maintain an accurate and complete information of a patient’s health, which can give better care during a medical emergency and routine medical examinations. It will also help in better coordination of the care being given to a patient with the assurance of a secured sharing of information. Family caregivers can also have easy access to the data. Integration of healthcare IT has helped in the quick diagnosis of health problems, reduced medical errors, and has provided safety care at reduced costs. Seamless integration of systems in health IT is essential for carrying out remote monitoring and patient diagnosis, and in the mobile integration for the transfer and record of various vital medical data.
The healthcare IT integration helps in providing a service-oriented architecture (SOA), which facilitates a secure, cost-effective, and reliable way of information transfer. It helps to coordinate the various components of a healthcare setup like software applications, databases and computing platforms, to help make a quick, effective, and cost-effective clinical decision. Thus, it caters to the need to increase the efficiency of the current medical practices and institutions. This factor is driving the healthcare IT integration market.
The other factors, such as the surging need to curtail the ever-increasing healthcare cost, high return on investments, and rise in demand for paper-less technology are driving the healthcare IT integration market.

Lack of Skilled IT Professionals in Healthcare

There is a stiff demand for skilled IT professionals, mostly in the maintenance and creation of electronic medical record systems, cyber security, and system integration. However, IT labor crunch has been a major challenge for the healthcare sector. Healthcare IT integration requires experienced IT managers and executives. The competition for information-security analyst managers, research scientists, and data administrators is intense and often does not match the lucrative offers of the software industry. This a major reason for the lack of skilled IT personnel in the healthcare industry. Apart from the developed countries of North America and most of Europe, the crunch is highly prominent in the countries of Asia-Pacific and Africa that are still to achieve medical facilities in remote areas.
Lack of adequate funding has also been a major issue, as they do not give a concrete platform for the healthcare IT professionals to develop databases and software tools. Lack of resources and lucrative offers has thus, made healthcare IT less attractive for skilled IT professionals and has restrained the growth of the healthcare IT integration market as a whole. The other factors, such as high maintenance and security cost and lack of interoperability among different IT products is also hindering the growth of the market.

United States Leads the Market in North America

In 2017, the United States healthcare IT integration market held the largest market share in North America due to the presence of high-quality healthcare system and modern medical technology in the country. Additionally, the growing importance of healthcare IT in public is likely to contribute towards the growth of the healthcare IT integration market.

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Reasons to Purchase the Report

  • Follow the current and future global healthcare IT integration market in the developed and emerging markets.
  • Examining the various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).

    Key questions answered in the Healthcare IT Integration Market Report are.

    • What will the market size be in 2023 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors? 

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    This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Healthcare IT Integration market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    “We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

    Major Points from TOC of Healthcare IT Integration Market Research Report 2018-2023:

    1. INTRODUCTION
      1 Study Deliverables
      1.2 Study Assumptions
      1.3 Scope of the Study
    1. RESEARCH METHODOLOGY
    1. EXECUTIVE SUMMARY
    1. MARKET DYNAMICS
      1 Drivers
      4.1.1 Rise in Defence Expenditure of Many Countries
      4.1.2 Increasing Demand of Lightweight Materials in the Industry
      4.2 Restraints
      4.2.1 Need for High Investments in R&D
      4.2.2 Other Restraints
      4.3 Industry Value-Chain Analysis
      4.4 Porters 5 Force Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Consumers
      4.4.3 Threat of New Entrants
      4.4.4 Threat of Substitute Products and Services
      4.4.5 Degree of Competition
      4.5 Price Analysis
    1. MARKET SEGMENTATION
      1 By Application
      5.2 End-user Sector
      5.2.1 Residential
      5.2.2 Commercial
      5.2.3 Institutional
      5.3 Geography
      5.3.1 Asia-Pacific
      5.3.2 North America
      5.3.3 Europe
      5.3.4 South America
      5.3.5 the Middle East & Africa

      Continued…

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