Europe Healthcare Interoperability Solutions Market Size, Share & Industry Trends Analysis Report By End User, By level of Interoperability (Structural, Foundational and Semantic), By Type, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Europe Healthcare Interoperability Solutions Market would witness market growth of 12.6% CAGR during the forecast period (2023-2029).
Healthcare interoperability technologies are expected to lower the costs of postponed treatment and diagnosis by providing real-time data access. Sharing data throughout the value chain and integrating all medical devices are essential to the future of healthcare. The current paradigm in healthcare is one of curative care, but data-driven technologies can shift this to a paradigm that only emphasizes preventive care, which would have enormous market potential. Patient-centered care delivery programs & government initiatives promoting healthcare interoperability are two major reasons propelling the market growth for healthcare interoperability. They mostly aim to improve patient care and safety.
Also, the growing demand for healthcare and the ensuing need to control healthcare expenditures may promote market expansion. Also, it is projected that advancements in communication between healthcare institutions and support departments will encourage the expansion of the healthcare interoperability market in the near future. In addition, the market for healthcare interoperability is also expected to increase due to new applications of interoperability technologies such as medical machine learning, computer-assisted medical coding, and Natural Language Processing (NLP).
Smoking is one of the key elements that cause cancer. Fourthing to estimates, an estimated one-fourth of cancer-related deaths in 2019 were attributed to smoking. In England, smoking results in 448,000 hospital admissions and about 64,000 fatalities yearly, killing two of every three lifelong smokers. Life expectancy has dramatically increased in the WHO European Region in the past few decades. As a result, the number of aged people in the general population is steadily increasing in several European countries and is predicted to do so for the foreseeable future. The number of elderly people needing care will consequently increase.
The Germany market dominated the Europe Healthcare Interoperability Solutions Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $493.5 million by 2029. The UK market is anticipated to grow at a CAGR of 11.7% during (2023 - 2029). Additionally, The France market would experience a CAGR of 13.5% during (2023 - 2029).
Based on End User, the market is segmented into Healthcare Providers (Hospitals & Clinics, Long-term Care Centers, Diagnostic & Imaging Centers and Others), Healthcare Payers and Pharmacies. Based on level of Interoperability, the market is segmented into Structural, Foundational and Semantic. Based on Type, the market is segmented into Services and Software (EHR interoperability solutions, Lab system interoperability solutions, Imaging system interoperability solutions, Enterprise interoperability solutions, Healthcare information exchange interoperability solutions and Others). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Healthcare Interoperability Solutions Market is Projected to reach USD 7.5 Billion by 2029, at a CAGR of 12.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Oracle Corporation (Cerner Corporation), Epic Systems Corporation, Virtusa Corporation, Wipro Limited, Koninklijke Philips N.V., Veradigm, Inc., Cognizant Technology Solutions Corporation, Onyx technology LLC, Orion Health Group Limited, and InterSystems Corporation.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Healthcare Providers
- Hospitals & Clinics
- Long-term Care Centers
- Diagnostic & Imaging Centers
- Healthcare Payers
By level of Interoperability
- EHR interoperability solutions
- Lab system interoperability solutions
- Imaging system interoperability solutions
- Enterprise interoperability solutions
- Healthcare information exchange interoperability solutions
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation (Cerner Corporation)
- Epic Systems Corporation
- Virtusa Corporation
- Wipro Limited
- Koninklijke Philips N.V.
- Veradigm, Inc.
- Cognizant Technology Solutions Corporation
- Onyx technology LLC
- Orion Health Group Limited
- InterSystems Corporation
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