Healthcare Interoperability Solutions Market Overview:
Sharing healthcare data has always been
a challenging task, due to the fact that it is sensitive and needs a high level
of privacy & security. Interoperability solutions in healthcare exchange
health information and use the information to optimize health outcomes for
individuals and populations. It can offer a timely & secure access along
with proper use of electronic health data so that it can be used for delivering
effective healthcare. Also, with the help of interoperability solutions health
planners are able to develop a better understanding of their utilization rates
and demand for services. Similarly, government service providers are able to
access population data to view trends and meet their citizens’ requirements.
According to a report published by
Allied Market Research, the global
healthcare interoperability solutions market size is projected to reach $21.5 billion
with a considerable CAGR from 2021 to 2030. North America is currently holding
the highest market share, attributed to advanced healthcare infrastructure in
developed countries, especially the U.S. The Asia-Pacific region, at the same
time, is expected to manifest the fastest growth rate, owing to rapidly growing
economies like India, China, and others. The governments in these countries are
focusing on to cater to the demand for better healthcare services and
healthcare infrastructure.
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Impact of COVID-19 Pandemic on Healthcare
Interoperability Solutions Market:
Moreover, the outbreak of the COVID-19 pandemic
led to have a positive impact on the growth of the global healthcare
interoperability solutions market for R&D of
vaccines and antiviral drugs. Safeguarding
the patient information became a major challenge for healthcare companies. In such scenario, interoperability solutions helped
healthcare providers in keeping healthcare records safely. It became an
important part in the healthcare industry because it allows easy sharing and
storage of big data. The trend is going to continue in the post pandemic as
well.
Furthermore,
governments of several economies have implemented various healthcare reforms,
which in turn, has raised the demand for healthcare interoperability solutions
in the market even more. For instance, the House of Representatives of the U.S.
introduced the Patient Protection and Affordable Care Enhancement Act (HR 1425)
on June 22, 2020 with an aim to strengthen and maximize upon the Affordable
Care Act (ACA). As per this act, healthcare enterprises and providers have to accept
healthcare interoperability solutions to ease their operations, to enhance
clinical results, and to decrease healthcare costs. With this drift on board,
the global healthcare interoperability solutions
market is anticipated to capture huge growth prospects in the near future.
Top Leading Players:
- Allscripts Healthcare,
LLC
- Cerner Corporation
- Epic Systems
Corporation
- Infor
- InterSystems
Corporation
- Jitterbit
- Koninklijke Philips
N.V.
- NextGen Healthcare,
Inc.
- Orion Health
- ViSolve Inc.
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