Global Market Interoperability Solution in the Healthcare is Anticipated to grow at a Significant Pace i.e., USD 6.15 Billion during the Forecast Period 2021-2027

Published Date: Oct, 2021

The global interoperability solutions in the healthcare market are expected to witness a CAGR of 5.9% during the forecast period. Healthcare interoperability solutions have revolutionized the scope of medical and healthcare services. The global interoperability solutions market is evolving intensely owing to the rising adoption of EHRs, prominence of personalized care, increasing healthcare expenditure, initiatives taken by the government, and growing funding activities. Interoperability solutions are extensively used in several healthcare facilities like hospitals. For example, e-prescribing interoperability solutions will allow providers of ambulatory healthcare services to send prescriptions to drug stores electronically. However, complexity owing to a lack of reliable data and privacy concerns may hinder the growth of the interoperability solutions market. Nevertheless, the growing outlay in medical device interoperability, integration of blockchain in interoperability solutions, and rising healthcare infrastructure in emerging economies are promising opportunities in the global interoperability solutions market.

The COVID-19 outbreak has led to social distancing norms which in turn reduce the burden on hospitals. Medical IoT devices that live at home with patients are being adopted in this crisis situation. The COVID-19 crisis has provided huge resource constraints which have led to advancement in competitive pricing and value-based pricing models by the industry players, resulting in the growth of the interoperability solutions market in the healthcare sector.  

Allscripts announced full support of Health and Human Services commitment to patients with interoperability rules.

Epic introduced a new One Virtual System Worldwide interoperability initiative, and also added new features to its Care Everywhere solution. Care Everywhere is an Electronic Health Information Exchange platform which is a confederated model that is controlled by the patient and can be used without any intermediary.

Browse 72 market data Tables and 47 Figures spread through 180 Pages and in-depth TOC on " Interoperability Solutions in the Healthcare Market by Component (Software (EHR Interoperability Solutions, Laboratory Information Management System (LIMS) Interoperability Solutions, Imaging System Interoperability Solutions, Healthcare Information Exchange (HIE) Interoperability Solutions, Enterprise Interoperability Solutions, and Others) and Services), by Interoperability Level (Foundational Interoperability, Structural Interoperability, and Semantic Interoperability), by Deployment Model (Cloud-Based Model and On-Premise Model), by Application (Diagnosis, Treatment, and Others), by End-User (Patients, Providers(Hospitals & Clinics, Long-Term Care Centers, Diagnostic and Imaging Centers, and Others), Payers, and Pharmacies), and Region - Global Forecast to 2027"

By interoperability level, semantic interoperability is projected to witness the fastest pace during the forecast period.

Based on the interoperability level, the interoperability solutions in the healthcare market are categorized into foundational interoperability, structural interoperability, and semantic interoperability. Semantic interoperability is anticipated to grow at a faster pace during the forecast period as more than two systems can be used for information exchange. This interoperability allows patient data to be exchanged electronically between approved parties and physicians through the EHR to improve the efficiency, safety, quality, and effectiveness of healthcare.

Global Interoperability Solutions in the Healthcare Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Software (EHR Interoperability Solutions, Laboratory Information Management System (LIMS) Interoperability Solutions, Imaging System Interoperability Solutions, Healthcare Information Exchange (HIE) Interoperability Solutions, Enterprise Interoperability Solutions, and Others) and Services

Service (Largest)

Healthcare Information Exchange (HIE) Interoperability Solutions (High CAGR)

Interoperability Level

Foundational Interoperability, Structural Interoperability, and Semantic Interoperability

Structural Interoperability (Largest)

Semantic Interoperability (Fastest)

Deployment Model

Cloud-Based Model and On-Premise Model

Cloud-Based Model (Significant)

Application

Diagnosis, Treatment, and Others

Diagnosis (Largest)

End-User

Patients, Providers (Hospitals & Clinics, Long-Term Care Centers, Diagnostic and Imaging Centers, and Others), Payers, and Pharmacies

Hospitals & Clinics (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“Asia Pacific is anticipated to have a high CAGR during the forecast period 2021-2027.”

Asia Pacific is anticipated to have a high CAGR during the forecast period owing to the rising medical tourism, growing demand for quality care, rising government expenditure on healthcare facilities in the region. Moreover, there is a large patient pool in countries like China and India that produces a large amount of patient data every year, resulting in a need to provide an effective exchange of data amongst pharmacies and hospitals.

Some of the major players in the global interoperability solutions in the healthcare market include Epic Systems Corporation, Cerner Corporation, General Electric, Allscripts Healthcare, LLC, Koninklijke Philips N.V., iNTERFACEWARE Inc, Jitterbit, OSP Labs, Orion Health, and Visolve, Inc.

Scope of the Report

 

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Component, Interoperability Level, Deployment Model, Application, End-User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Epic Systems Corporation, Cerner Corporation, General Electric, Allscripts Healthcare, LLC, Koninklijke Philips N.V., iNTERFACEWARE Inc, Jitterbit, OSP Labs, Orion Health, and Visolve, Inc.

Global Interoperability Solutions in the Healthcare Market Coverage

Component Insight and Forecast 2015-2027

  • Software
    • EHR Interoperability Solutions
    • Laboratory Information Management System (LIMS) Interoperability Solutions
    • Imaging System Interoperability Solutions
    • Healthcare Information Exchange (HIE) Interoperability Solutions
    • Enterprise Interoperability Solutions
    • Others
  • Services

Interoperability Level Insight and Forecast 2015-2027

  • Foundational Interoperability
  • Structural Interoperability
  • Semantic Interoperability

Deployment Model Insight and Forecast 2015-2027

  • Cloud-Based Model
  • On-Premise Model

Application Insight and Forecast 2015-2027

  • Diagnosis
  • Treatment
  • Others

End-User Insight and Forecast 2015-2027

  • Patients
  • Providers
    • Hospitals & Clinics
    • Long-Term Care Centers
    • Diagnostic and Imaging Centers
    • Others
  • Payers
  • Pharmacies

Geographical Segmentation

Interoperability Solutions in the Healthcare Market by Region

North America

  • By Component
  • By Interoperability Level
  • By Deployment Model
  • By Application
  • By End-User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Interoperability Level
  • By Deployment Model
  • By Application
  • By End-User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Interoperability Level
  • By Deployment Model
  • By Application
  • By End-User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Interoperability Level
  • By Deployment Model
  • By Application
  • By End-User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market Interoperability Solution in the Healthcare is Anticipated to grow at a Significant Pace i.e., USD 6.15 Billion during the Forecast Period 2021-2027