The Worldwide Healthcare Interoperability Solutions Market is Projected to reach USD 7.5 Billion by 2029, at a CAGR of 12.9%

Published Date: 26-May-2023

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Healthcare Interoperability Solutions Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Healthcare Interoperability Solutions Market size is expected to reach $7.5 billion by 2029, rising at a market growth of 12.9% CAGR during the forecast period.

The Healthcare Payers segment is showcasing a CAGR of 13.1% during (2023 - 2029). Interoperability enables patients to access their medical information from any location, leading to quicker provider contact, remote submission of test samples, fewer doctor visits, and anytime access to test findings on personal devices. As a result of being able to observe chronically ill patients and intervene in a timely manner to save their lives, real-time information improves patient outcomes.

The Structural segment acquired maximum revenue share in the Global Healthcare Interoperability Solutions Market by level of Interoperability in 2022 thereby, achieving a market value of $3.3 billion by 2029. This is due to the widespread use of technology, like e-prescribing, whereby prescribers & pharmacists share the same data. In addition, technology that allows prescribers or pharmacists to utilize identical data, such as e-prescribing, is expanding. This has assisted the segment's market expansion.

The Software segment has shown the growth rate of 12.7% during (2023 - 2029). Every department at a hospital can communicate and exchange data with ease due to healthcare interoperability software. Because of this, conducting tests, receiving the results, prescribing treatments, and billing everything with claims sent to payers may all be done by doctors with only a few clicks on a computer screen.

The North America market dominated the Global Healthcare Interoperability Solutions Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2.9 billion by 2029. The Europe market is exhibiting a CAGR of 12.6% during (2023 - 2029). Additionally, The Asia Pacific market would display a CAGR of 14% during (2023 - 2029).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Healthcare Interoperability Solutions Market Segmentation

By End User

  • Healthcare Providers
    • Hospitals & Clinics
    • Long-term Care Centers
    • Diagnostic & Imaging Centers
    • Others
  • Healthcare Payers
  • Pharmacies

By level of Interoperability

  • Structural
  • Foundational
  • Semantic

By Type

  • Services
  • Software
    • EHR interoperability solutions
    • Lab system interoperability solutions
    • Imaging system interoperability solutions
    • Enterprise interoperability solutions
    • Healthcare information exchange interoperability solutions
    • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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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Related Reports:

North America Healthcare Interoperability Solutions Market size & Opportunities 2023-2029

Europe Healthcare Interoperability Solutions Market & Growth Forecast 2023-2029

Asia Pacific Healthcare Interoperability Solutions Market Share & Industry Outlook to 2029

LAMEA Healthcare Interoperability Solutions Market Growth, Trends & Forecasts 2023-2029

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