(PRWEB) March 07, 2014
The “Healthcare IT Integration Market by Products (Interface Engine, Medical Device Integration, Media Integration), Services (Implementation, Maintenance, Training), Applications (Hospitals, Radiology, Laboratory, Clinics, HIE) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Browse more than 54 market data tables with 13 figures spread through 169 pages and in-depth TOC on "Healthcare IT Integration Market."
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This report studies the global healthcare IT Integration market, with a forecast to 2018. The market is expected to grow at a CAGR of 9.6% in the forecast period, to reach $2,745.9 million by 2018 from $1,737.3 million in 2013
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The healthcare IT integration platform and tools form the backbone of any successful healthcare information network. The global healthcare IT market has experienced a substantial growth in the past decade, and so has the market for integration tools and platforms. However, the market growth in Europe was somewhat restricted in the past 2 to 3 years, due to the impact of the Eurozone debt crisis and global recession in past few years.
The growth in the healthcare IT integration market can be attributed to the rising healthcare costs, which has compelled governments in many developed countries across the world to initiate cost control initiatives in their respective healthcare systems. Globally, there has been a continuous demand for healthcare IT integration; this demand is triggered by factors such as the presence of strong government support and initiatives, growing need to integrate healthcare systems, and efforts from healthcare providers to maximize their returns on investment. However, various interoperability issues, fragmented end-users market, and high cost of implementation still remain some of the challenges that restrict the wider adoption of integration tools within the healthcare industry.
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By 2018, North America will continue to dominate the healthcare IT integration market, followed by Europe, Asia, and RoW. The U.S. has been among the frontrunners in the development of IT infrastructure for the healthcare industry and is a well-established market for healthcare IT solutions in the world. However, the healthcare IT integration market in the U.S has a scope to grow further, owing to the presence of large hospitals in the country that demand integrated healthcare networks, and the availability of government funding for healthcare providers for the development of statewide and nationwide healthcare information exchanges.
The prominent players in the healthcare IT integration market are InterSystems (U.S.), Corepoint Health (U.S.), Siemens Healthcare (Germany), Orion Health (New Zealand), Infor (U.S.), Interfaceware (Canada), Enovacom (France), Cerner Corporation (U.S.), Capsule (U.S.), Accenture (Ireland), Capgemini (France), IBM Corp. (U.S.), Allscripts (U.S.), Oracle (U.S.), and AVI-SPL (U.S.).
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