Healthcare Interoperability Solutions Market To Reach $8.57 Billion By 2030

Healthcare Interoperability Solutions Market Growth & Trends

The global healthcare interoperability solutions market size is expected to reach USD 8.57 billion by 2030, registering a CAGR of 14.15% during the forecast period, according to a new report by Grand View Research, Inc. Rising focus on patient-centric care, increasing need to curb high healthcare cost, and growing government initiatives to enhance patient safety & care are some major factors driving market growth. Rising healthcare IT penetration, especially in developing economies, is further expected to create significant growth opportunities for market players. However, rising complexity due to lack of reliable data & trained professionals and increasing data privacy & safety concerns are some key factors expected to impede growth.

Healthcare organizations are adopting Electronic Health Record (EHR) systems that support integration between different technologies/systems, increasing the need for interoperability solutions across all healthcare settings. Interoperability solutions help share and access complex data. These solutions allow sharing, exchange, and reuse of data across different devices and applications, which help reduce overall healthcare expenditure.

However, to make the best use of interoperability solutions and for their effective implementation, healthcare organizations need to work holistically at data sharing & implementing strategies, spanning the complete patient care continuum. Collaboration among players is expected to be one of the key factors responsible for driving the market.

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Healthcare Interoperability Solutions Market Report Highlights

• Services segment is held the largest healthcare interoperability solutions market share in 2023.

• According to the West Health Institute (WHI), adoption of interoperability solutions could lead to significant reduction in healthcare spending in the U.S.

• North America dominated the regional segment in 2023. This can be attributed to supportive government policies, favorable reimbursement schemes, rise in awareness about interoperability solutions, and increase in number of training programs for implementing these solutions across healthcare settings

• Asia Pacific is expected to grow with the highest CAGR over the forecast period owing to well-established infrastructure and low healthcare cost in developing countries.
  

Healthcare Interoperability Solutions Market Segmentation

Grand View Research has segmented the global healthcare interoperability solutions market based on type, level, deployment methods, application, end-use, and region:

Healthcare Interoperability Solutions Type Outlook (Revenue, USD Million, 2018 - 2030)

• Solutions

  • EHR Interoperability

  • HIE Interoperability

  • Enterprise Interoperability

  • Others

• Services

Healthcare Interoperability Solutions Level Outlook (Revenue, USD Million, 2018 - 2030)

• Foundational

• Structural

• Semantic

Healthcare Interoperability Solutions Deployment Methods Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud Based

• On-premise

Healthcare Interoperability Solutions Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnosis

• Treatment

• Others

Healthcare Interoperability Solutions End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgical Centers

• Others

Healthcare Interoperability Solutions Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Russia

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Singapore

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Healthcare Interoperability Solutions Market 

• Infor (Koch Industries, Inc)

• Koninklijke Philips N.V.,

• Cerner (Oracle)

• Orion Health group of companies.

• NXGN Management, LLC.

• OSP

• Epic Systems Corporation

• ViSolve.com

• InterSystems Corporation

• iNTERFACEWARE Inc.

• Jitterbit

• Veradigm Inc.