Interoperability Solutions in Healthcare Industry – Explore


 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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