The Europe Healthcare IT Integration Market would witness market growth of 11.9% CAGR during the forecast period (2021-2027).
When IoT is integrated into healthcare equipment and machines, errors are reduced while dealing with enormous amounts of sensitive patient data. Making data-driven decisions through the integration of IoT sensors and automated workflows is an effective method to eliminate human errors while also reducing process-related time, cost, and power consumption. This is likely to encourage the use of IoT sensors in medical devices. To improve patient care, the healthcare industry has begun to focus on combining AI and IoT technologies. The change is designed to improve scalable treatments, the digital patient experience, and medical equipment interoperability.
The use of information technology in the healthcare business has resulted in a revolution in terms of faster diagnostics and treatments, as well as a significant increase in the speed and accuracy of backend processing and documentation for healthcare institutions and organisations. It is fundamentally a support system for information management in the healthcare industry, utilising computer systems to enable for safe and secure data exchange between service providers, healthcare institutions, and customers.
The virtual HIMSS21 & Health 2.0 European Health Conference (June 2021) highlighted the HIMSS Italian Community's work and objectives, including the most recent Position Paper on the Electronic Health Record and future plans to strengthen the electronic health record and its adoption in Italy. As part of its National Recovery and Resilience Plan, the Italian government also wants to digitalize the National Health Services. The meeting also emphasizes the growing importance of EHR systems.
In Europe, research conducted by HIMSS and Siemens Healthineers in July 2020 indicated that just before the COVID-19 epidemic, 93 percent of health facilities had embraced at least one form of telehealth service or solution.
The Germany market dominated the Europe Healthcare IT Integration Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $471.2 million by 2027. The UK market is anticipated to grow at a CAGR of 11% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 12.7% during (2021 - 2027).
Based on Offering, the market is segmented into Services and Products. Based on Services Type, the market is segmented into Support & Maintenance Services and Implementation & Integration Services. Based on Products Type, the market is segmented into Interface/Integration Engines, Medical Device Integration Software, Media Integration Software, and others. Based on End User, the market is segmented into Hospitals, Laboratories, Clinics, Diagnostic Imaging Centres, and others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Healthcare IT Integration Market Size will Hit $7.9 Billion by 2027, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG (Siemens AG), AllScripts Healthcare Solutions, Inc., General Electric (GE) Co. (GE Healthcare), NextGen Healthcare, Inc., Epic Systems Corporation, IBM Corporation, Oracle Corporation, Infor, Inc. (Koch Industries), Koninklijke Philips N.V., and Wipro Limited.
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