Global healthcare IT integration market size USD 12.45B in 2032

The global healthcare IT integration market is anticipated to reach value of USD 12.45 Billion by 2032, according to a current analysis by Emergen Research. Due to the increasing need to develop centralized medical record platforms, the global healthcare IT integration market is likely to expand substantially in the near future. Besides, the rising demand to reduce healthcare expenditure by using advanced operational technologies is expected to boost the global healthcare IT integration market during the forecast period. Furthermore, the rising adoption of EHR systems in the healthcare industry is likely to fuel the global healthcare IT integration market in the near future.

However, the issues related to data privacy are likely to hinder the global healthcare IT integration market during the forecast period.

Major companies and market share analysis
The global market for healthcare IT integration is fragmented, with a substantial number of large- and medium-sized players accounting for a significant share of the global market. Some of the top players in the healthcare IT integration market are:

• Oracle Corporation
• Allscripts Healthcare Solutions, Inc.
• NextGen Healthcare, Inc.
• Capsule Technologies, Inc.
• Tata Consultancy Services Ltd.
• CIOX Health LLC
• Leidos Holdings, Inc.
• Nuance Communications, Inc.
• Dell Technologies Inc.
• Cognizant Technology Solutions Corporation

In July 2020, Medal, Inc. was acquired by CIOX Health LLC. The deal would expand the capability of the organization to facilitate research driven by real-world data (RWD), which would optimize clinical outcomes. Through the acquisition, CIOX would strengthen its market position.

In December 2019, OTTO Health, LLC was acquired by NextGen Healthcare, Inc. The deal would increase NextGen’s patient engagement abilities with integrated virtual visits. Through the recently acquired Medfusion patient engagement framework, NextGen aims to introduce OTTO Health’s telehealth application. Emergen Research