Healthcare IT Systems Interoperability Market

Market Insights

Healthcare IT system interoperability enables various healthcare systems to communicate with each other and provides a holistic view of the entire information generated within a healthcare facility. With the advent of technological advancements in the healthcare IT sector, large volumes of data are being generated through the usage of various medical systems and devices at healthcare facilities.

To reduce healthcare costs and gain actionable insights, healthcare organizations must connect and integrate various healthcare IT systems deployed within the organization. Healthcare IT system interoperability platforms have enabled healthcare providers to seamlessly collate and analyze the data generated at various data points. Healthcare facilities can further make use of this integration to enhance clinical workflow and reduce redundancies.

Healthcare IT system interoperability has gained immense popularity in recent years. Rising healthcare costs and the increasing need to provide effective healthcare services have led to a growing demand for healthcare IT system interoperability. The integration of various systems enables healthcare organizations to reduce the number of repeated tests while also making it easier for medical staff to access patient medical data.

Furthermore, with interoperability between various healthcare systems, medical professionals can easily and securely share medical information for expert consulting and referrals. Thereby, interoperability ensures continuity of care irrespective of geographical location or healthcare service provider. Furthermore, interoperability enables governments and healthcare organizations to deploy population health management, which can work toward the prevention and early detection of diseases.

One of the major factors driving growth in the healthcare IT systems interoperability market is the need for effective use of healthcare IT systems in the U.S. With numerous incentives from the government towards effective use of medical data, hospitals in the U.S. have been keen on achieving overall interoperability within healthcare facilities.

Interoperability is also expected to play a crucial role in the European Union’s vision to build its universal healthcare record to ensure continuity in care throughout the continent. Countries in the Asia Pacific embracing healthcare IT system interoperability include New Zealand, Singapore, and China, among others. Thereby, the overall healthcare IT systems interoperability market is expected to witness sustainable growth during the forecast period.

The report titled “Global Healthcare IT Systems Interoperability Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024” offers strategic insights into the global healthcare IT systems interoperability market, along with the market size and estimates for the duration of 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on end-users and a cross-sectional study across different geographies and sub-geographies.

The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing analysis on the adoption of healthcare IT systems interoperability platforms in various healthcare settings, including hospitals, ambulatory care centers, and long-term care centers, among others.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of healthcare IT system interoperability, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Some of the major players profiled in the report are Infor, Inc., Oracle Corporation, Cerner Corporation, Corepoint Health, LLC, Orion Healthcare Limited, InterSystems Corporation, Quality Systems, Inc., Summit Healthcare Services, Inc., Mulesoft, Inc., and IBM Corporation.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the healthcare IT industry
• Market fuelers, market impediments, and their impact on market growth
• in-depth competitive environment analysis
• Trailing 2-year market size data (2014–2015)
• SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global healthcare IT systems interoperability market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global healthcare IT systems interoperability market is segmented, based on end users, into the following categories:

• Hospitals
• Ambulatory Care Centers
• long-term care centers
• Others

In 2015, the hospital segment dominated the overall healthcare IT systems interoperability market in terms of revenue and adoption. Factors such as rising healthcare costs and increasing redundancies in various tests and diagnostic results led to an increase in demand for achieving interoperability between various hospital IT systems. In addition, initiatives taken by various governments toward encouraging hospital interoperability have incentivized various healthcare organizations across the world to embrace interoperability.

With numerous IT systems deployed in large acute care settings, it has become imperative for hospitals to achieve enhanced interoperability among various systems to lower healthcare costs and increase clinical workflow efficiency. Furthermore, interoperability enables medical staff to effectively access various medical information from a single point of use.

Thereby, physicians and other medical professionals can spend more time delivering care and expect better patient outcomes. The complexity and high costs of deploying integration engines have curtailed the adoption of interoperability solutions in various ambulatory care centers and long-term care centers, among others. However, with the latest developments in standards, such as fast healthcare interoperability resources (FHIR), the overall healthcare IT systems interoperability market is expected to witness continued growth during the forecast period.

The global healthcare IT systems interoperability market has been segmented on the basis of geographical regions, as per the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

In 2015, North America dominated the overall healthcare IT systems interoperability market across the world. The segment contributed to more than half of the total revenue generated in 2015. With the advent of technological advancements in the healthcare IT sector, large volumes of data are being generated through the use of various medical systems and devices at healthcare facilities.

To reduce healthcare costs and gain actionable insights, healthcare organizations must connect and integrate various healthcare IT systems deployed within the organization. Healthcare IT system interoperability platforms have enabled healthcare providers to seamlessly collate and analyze the data generated at various points. Healthcare facilities can further make use of this integration to enhance clinical workflow and reduce redundancies.

Europe and Asia Pacific followed North America, in terms of revenue, in the global healthcare IT systems interoperability market. With the economic slowdown and decreasing hospital budgets, Europe is expected to witness sluggish demand for complex interoperability solutions. However, with growing efforts towards building health information exchange networks all across Europe, the market is expected to witness immense growth opportunities in the following years. In addition, increasing focus on better healthcare delivery in countries including New Zealand, Singapore, and South Korea, among others, is expected to drive the growth of healthcare IT system interoperability in the Asia Pacific region.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Healthcare IT Systems Interoperability Market
2.2 Global Healthcare IT Systems Interoperability Market, By End User
2.3 Global Healthcare IT Systems Interoperability Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Growth Inhibitors
3.2.3 Impact Analysis of Market Drivers and Restraints
3.3 Attractive Investment Proposition

Chapter 4 Market Inclination Insights: Healthcare IT Systems Interoperability Market
4.1 Overview
4.1.1 Evolution of Healthcare IT Systems Interoperability
4.1.2 Key Trends Analysis

Chapter 5 Global Healthcare IT Systems Interoperability Market Analysis, By End User
5.1 Market Analysis
5.2 Hospitals
5.3 Ambulatory Care Centers
5.4 Long-term Care Centers
5.5 Others

Chapter 6 North America Healthcare IT Systems Interoperability Market Analysis
6.1 Overview
6.2 North America Healthcare IT Systems Interoperability Market Analysis, By End User, 2014 – 2024
6.2.1 Comparative Analysis
6.3 North America Healthcare IT Systems Interoperability Market Analysis, By Region, 2014 – 2024
6.3.1 Comparative Analysis

Chapter 7 Europe Healthcare IT Systems Interoperability Market Analysis
7.1 Overview
7.2 Europe Healthcare IT Systems Interoperability Market Analysis, By End User, 2014 – 2024
7.2.1 Comparative Analysis
7.3 Europe Healthcare IT Systems Interoperability Market Analysis, By Region, 2014 – 2024
7.3.1 Comparative Analysis

Chapter 8 Asia Pacific Healthcare IT Systems Interoperability Market Analysis
8.1 Overview
8.2 Asia Pacific Healthcare IT Systems Interoperability Market Analysis, By End User, 2014 – 2024
8.2.1 Comparative Analysis
8.3 Asia Pacific Healthcare IT Systems Interoperability Market Analysis, By Region, 2014 – 2024
8.3.1 Comparative Analysis

Chapter 9 Middle East & Africa (MEA) Healthcare IT Systems Interoperability Market Analysis
9.1 Overview
9.2 MEA Healthcare IT Systems Interoperability Market Analysis, By End User, 2014 – 2024
9.2.1 Comparative Analysis
9.3 MEA Healthcare IT Systems Interoperability Market Analysis, By Region, 2014 – 2024
9.3.1 Comparative Analysis

Chapter 10 Latin America Healthcare IT Systems Interoperability Market Analysis
10.1 Overview
10.2 Latin America Healthcare IT Systems Interoperability Market Analysis, By End User, 2014 – 2024
10.2.1 Comparative Analysis
10.3 Latin America Healthcare IT Systems Interoperability Market Analysis, By Region, 2014 – 2024
10.3.1 Comparative Analysis

Chapter 11 Competitive Landscape
11.1 Competitive Analysis
11.1.1 Market Positioning of Key Vendors
11.1.2 Key Strategies Adopted by the Leading Players

Chapter 12 Company Profiles
12.1 Infor, Inc.
12.1.1 Infor, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.2 Oracle Corporation
12.2.1 Oracle Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.3 Cerner Corporation
12.3.1 Cerner Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.4 Corepoint Health, LLC.
12.4.1 Corepoint Health, LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.5 Orion Healthcare Limited
12.5.1 Orion Healthcare Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.6 InterSystems Corporation
12.6.1 InterSystems Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.7 Quality Systems, Inc.
12.7.1 Quality Systems, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.8 Summit Healthcare Services, Inc.
12.8.1 Summit Healthcare Services, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.9 Mulesoft, Inc.
12.9.1 Mulesoft, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.10 IBM Corporation
12.10.1 IBM Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List of Figures

FIG. 1 Global Healthcare IT Systems Interoperability Market: Segmentation
FIG. 2 Global Healthcare IT Systems Interoperability Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Healthcare IT Systems Interoperability Market, By End User, 2015 (US$ Mn)
FIG. 5 Global Healthcare IT Systems Interoperability Market, By Geography, 2015 (US$ Mn)
FIG. 6 Global Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 7 Attractive Investment Proposition: Healthcare IT Systems Interoperability Market
FIG. 8 Global Healthcare IT Systems Interoperability Market Revenue Contribution, By End User, 2015 & 2024 (Value %)
FIG. 9 Healthcare IT Systems Interoperability Market in Hospitals Revenue, 2014 – 2024, (US$ Mn)
FIG. 10 Global Healthcare IT Systems Interoperability Market in Ambulatory Care Centers Revenue, 2014 – 2024, (US$ Mn)
FIG. 11 Global Healthcare IT Systems Interoperability Market in Elderly Care Centers Revenue, 2014 – 2024, (US$ Mn)
FIG. 12 Global Healthcare IT Systems Interoperability Market in Others Revenue, 2014 – 2024, (US$ Mn)
FIG. 13 North America Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 14 Europe Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 15 Asia Pacific Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 16 MEA Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 17 Latin America Healthcare IT Systems Interoperability Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 18 Market Positioning of Key Healthcare IT Systems Interoperability Solution Vendors, 2015

List of Tables

TABLE 1 Market Snapshot: Global Healthcare IT Systems Interoperability Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Healthcare IT Systems Interoperability Market Revenue, By End User, 2014 – 2024 (US$ Mn)
TABLE 5 North America Healthcare IT Systems Interoperability Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 6 Europe Healthcare IT Systems Interoperability Market Revenue, By End User, 2014 – 2024 (US$ Mn)
TABLE 7 Europe Healthcare IT Systems Interoperability Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 8 Asia Pacific Healthcare IT Systems Interoperability Market Revenue, By End User, 2014 – 2024 (US$ Mn)
TABLE 9 Asia Pacific Healthcare IT Systems Interoperability Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 10 MEA Healthcare IT Systems Interoperability Market Revenue, By End User, 2014 – 2024 (US$ Mn)
TABLE 11 MEA Healthcare IT Systems Interoperability Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 12 Latin America Healthcare IT Systems Interoperability Market Revenue, By End User, 2014 – 2024 (US$ Mn)
TABLE 13 Latin America Healthcare IT Systems Interoperability Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 14 Infor, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 15 Oracle Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 16 Cerner Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 17 Corepoint Health, LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 18 Orion Healthcare Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 19 InterSystems Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 20 Quality Systems, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 21 Summit Healthcare Services, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 22 Mulesoft, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 23 IBM Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)