North America 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 North America Healthcare Interoperability Solutions Market would witness market growth of 11.7% CAGR during the forecast period (2023-2029).
Interoperability & data sharing will become increasingly crucial and have a significant impact as the population ages. The market would be able to expand swiftly as a result. The usage of cloud technology for healthcare services is one of the most recent trends and a major force in the market for healthcare interoperability solutions. Electronic health records include tremendous volumes of data, making it difficult to store large amounts of data securely while running the risk of losing important data.
Even in offline modes, sharing big volumes of data is difficult. As a result, software for healthcare interoperability is becoming more & more crucial. Due to the convenience of enormous data exchange and storage, the market has grown. As populations rise in developing nations, it is anticipated that the volume of healthcare data will also rise. As a result, an enormous potential opportunity for market players exists in these nations, as seen by government efforts to implement interoperable solutions, rising healthcare system investment, and rising acceptance of automation technology.
Institutions in the US are putting telemedicine into place so that doctors can see outpatients at home. In addition, these institutions already have eHealth systems. These telemedicine and eHealth platforms are, without a doubt, essential for the global management of numerous diseases. Furthermore, according to US Food and Drug Administration estimates, about half of all Americans who utilize healthcare services use one or more software applications—including apps—that the FDA has approved for use in managing, treating, or monitoring medical conditions. The market for healthcare interoperability solutions is expected to increase in the North American region due to all these factors.
The US market dominated the North America Healthcare Interoperability Solutions Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,059 million by 2029. The Canada market is poised to grow at a CAGR of 14.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 13.2% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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