Healthcare IT integration market to reach USD 10.52 billion by 2029

The healthcare IT integration market enables healthcare devices to collect and exchange data with the cloud as well as with one another, allowing for the collection of data that can be precisely evaluated at breakneck speed. Healthcare IT integration, such as automated drug dispensers in hospitals, contributes to improved efficiency. These integrated sensors are also utilized to monitor medicinal cold storage in warehouses and well-funded pharmacy shops with storage rooms.

This report is based on Selecthub research from 2021, which indicates that electronic health record/electronic medical record (EHR/EMR) use rates were 89 percent in 2021. According to the record, the healthcare industry is expected to experience major disruption due to technologies such as artificial intelligence (AI), blockchain, clinical decision support (CDS), and the existence of IT behemoths such as Epic and Cerner.

What are healthcare IT Integration Market Dynamics?
Factors driving the growth of the healthcare IT integration market include the increasing utilization of electronic health records and other healthcare IT solutions, the rising need for telehealth services, and remote patient monitoring solutions. Additionally, the use of machine learning to evaluate massive volumes of patient data and other information is one of the most significant advances in artificial intelligence (AI) in healthcare. However, a lack of trained professionals in the healthcare IT industry restrains the market growth during the forecast period.

Government initiatives in many nations to increase patient data protection, like the Health Information Technology for Economic and Clinical Health (HITECH) Act in the United States, have accelerated the use of EHRs and EMRs. The growing number of accountable care organizations (ACOs) in the United States also raises the need for EHRs and EMRs. Government initiatives in other countries, like Denmark, Sweden, France, and Canada, are also supporting the adoption of EHRs and mandating their meaningful use in order to control rising healthcare costs and improve patient care quality.

What are healthcare IT integration market insights?
The North American region emerged as the dominant force in the Healthcare IT Integration Market in 2021 and is expected to maintain its leadership position throughout the forecast period. The region’s supremacy is attributed to its well-established healthcare industry and robust reimbursement facilities. Furthermore, the increasing adoption of clinical device connectivity and interoperability solutions to address rising healthcare costs, coupled with stringent regulations and guidelines imposed by government and non-government authorities such as the Federal Communications Commission (FCC) and the Centers for Medicare and Medicaid Services (CMS), are driving market growth.What is the Healthcare IT Integration Market Segmentation?

By product:

• Interface/Integration engines
• Medical device integration software
• Media integration software
• Other integration tools

By services:

• Support and maintenance services
• Implementation and integration services

By end-users:

• Hospitals
• Laboratories
• Clinics
• Diagnostic imaging centres
• Other end users

Who are the healthcare IT integration key players?

• Infor
• Cerner Corporation
• Capsule Technologies Inc.
• GE Healthcare
• Koninklijke Philips
• Lyniate
• Allscripts Healthcare Solutions, Inc.
• Epic Systems Corporation
• NextGen Healthcare, Inc.
• InterSystems Corporation
• Oracle Corporation
• iNTERFACEWARE Inc.
• Orion Health Group Ltd.
• Summit Healthcare Services, Inc.
• IBM
• Siemens Healthineers
• Medical Information Technology, Inc.
• Redox Inc.
• OSPLABS
• AVI-SPL Inc.
• Cognizant
• Change Healthcare
• athenaHealth
• Wipro, Ltd.
• Inovalon

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