Healthcare Interoperability Market
Healthcare Interoperability Market Size, Share & Trends Analysis Report, by Level (Foundational, Structural, and Semantic), Type (Solutions and Services), End-User (Healthcare Providers, Healthcare Payers, and Pharmacies), Forecast Period (2022-2030) Update Available - Forecast 2024-2030
Healthcare interoperability market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. The rise in the number of healthcare facilities adopting healthcare interoperability solutions has driving the global market. Also, increasing demand for Electronic Health Records (EHR) and mandatory federal norms are responsible for the increased usage of healthcare interoperability.
Governments all over the world are focusing on establishing the regulations, infrastructure, and standards for maintaining health records, which is driving the market growth. According to HealthIT.Gov, as of 2021, nearly 4 in 5 office-based physicians (78%) and nearly all non-federal acute care hospitals (96%) adopted a certified EHR. This marks substantial 10-year progress since 2016 when 96% of hospitals and 78% of physicians had adopted an EHR.
Percentage of National Hospitals & Office-Based Physicians that Adopted EHRs
Source: HealthIT.Gov
The growing integration of AI in healthcare interoperability is offering new opportunities to the market growth. For instance, in August 2023, Consensus Cloud Solutions, Inc. provider of digital cloud fax and interoperability solutions, is proud to announce the launch of Clarity Clinical Documentation (Clarity CD), an accessible, cost-effective, and turnkey solution that automatically routes unstructured clinical data from faxes, handwritten notes, and scanned documents into the correct patient record. The company is focusing on development of advanced NLP and AI solutions to support providers where they can make real strides in improving care quality, reducing staff burnout, and protecting patient data security.
In July 2023, the WHO signed an agreement with HL7 to jointly develop guidelines and advance the adoption of open interoperability standards that are critical for the development of equitable and evidence-based digital health.
Segmental Outlook
The global healthcare interoperability market is segmented based on level, type, and end-user. Based on level, the market is segmented into foundational, structural, and semantic. Based on type, the market is segmented into solutions and services. Based on end-user, the market is segmented into healthcare providers, healthcare payers, and pharmacies.
Service Segment Held Considerable Share in Global Healthcare Interoperability Market
The service segment held considerable share in the growth of the global healthcare interoperability market. The presence of a substantial number of service providers for interoperability solutions is a key factor driving the growth of this market segment. Furthermore, increasing interest of healthcare and scientific communities in the cloud-based platform and cloud computing to minimize the overall operational costs for better and faster performance of healthcare applications is driving the segment growth.
Regional Outlooks
The global healthcare interoperability market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).
Global Healthcare Interoperability Market Growth, by Region 2023-2030
North America Held Major Share in the Global Healthcare Interoperability Market
North America held major share in the global market. The US held major share in the North American market. The regional market is driven the high awareness and adoption of healthcare interoperability across the region. In February 2023, Redoxand Google Cloud announced a partnership to simplify the exchange of healthcare data so organizations can make better and faster decisions. By easily onboarding health data from legacy systems into Google Cloud products like Healthcare Data Engine and Healthcare API, organizations can build longitudinal views to better serve their patients and members. As a part of the partnership, Redox will replicate its platform on Google Cloud, offering Google Cloud customers the full range of Redox's world-class products, services, and experiences. Existence of key players is further contributing to the development of regional market.
In August 2023, the Office of the National Coordinator for Health announced $2 million in new award funding for the most recent innovation projects under its Leading Edge Acceleration Projects in Health Information Technology initiative. The LEAP in Health IT program is meant to recognize and encourage healthcare organizations that are pioneering new approaches and tools to harness information technology toward better care delivery, advance clinical research capabilities and help solve long standing challenges, especially around data interoperability.
Market Players Outlook
The major companies serving the global healthcare interoperability market include Koninklijke Philips NV, EPIC Systems Corp., NextGen Healthcare, Inc., Oracle Corp. (Cerner Corp.), Koch Software Investments (Infor, Inc.) among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
For instance, in October 2023, Royal Philips has announced the interoperability of Philips Capsule Medical Device Information Platform (MDIP) with Philips Patient Information Center iX (PIC iX), providing hospitals with a first-of-its-kind, comprehensive patient overview. By disseminating this information through the Patient Information Center, clinicians have a single source, comprehensive overview of a patient’s condition that helps empower caregivers to make treatment recommendations confidently from anywhere throughout the hospital’s digital environment.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global healthcare interoperability market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. EPIC Systems Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Koch Software Investments (Infor, Inc)
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Koninklijke Philips NV
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. NextGen Healthcare, Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Oracle Corp.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
4. Market Segmentation
4.1. Global Healthcare Interoperability Solution Market by Type
4.1.1. Solution
4.1.2. Services
4.2. Global Healthcare Interoperability Solution Market by Level
4.2.1. Foundational
4.2.2. Structural
4.2.3. Semantic
4.3. Global Healthcare Interoperability Solution Market by End-User
4.3.1. Healthcare Providers
4.3.2. Healthcare Payers
4.3.3. Pharmacies
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allscripts Healthcare, LLC
6.2. Altera Digital Health Inc.
6.3. Deevita LLC
6.4. GENERAL ELECTRIC COMPANY
6.5. IBM Corp.
6.6. Infor Inc.
6.7. iNTERFACEWARE Inc.
6.8. InterSystems Corp.
6.9. Jitterbit
6.10. NXGN Management, LLC
6.11. Orion Health group of companies
6.12. OSP Labs
6.13. ViSolve Inc.
6.14. Virtusa Corp.
1. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY TYPE,2022-2030 ($ MILLION)
2. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL HEALTHCARE INTEROPERABILITY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY LEVEL,2022-2030 ($ MILLION)
5. GLOBAL FOUNDATIONAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL STRUCTURAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL SEMANTIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY END-USER,2022-2030 ($ MILLION)
9. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION FOR HEALTHCARE PROVIDERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION FOR HEALTHCARE PAYERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION FOR PHARMACIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. NORTH AMERICAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. NORTH AMERICAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
15. NORTH AMERICAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY LEVEL, 2022-2030 ($ MILLION)
16. NORTH AMERICAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
17. EUROPEAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. EUROPEAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
19. EUROPEAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY LEVEL, 2022-2030 ($ MILLION)
20. EUROPEAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. ASIA-PACIFIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY LEVEL, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
25. REST OF THE WORLD HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. REST OF THE WORLD HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY LEVEL, 2022-2030 ($ MILLION)
28. REST OF THE WORLD HEALTHCARE INTEROPERABILITY SOLUTION MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY TYPE, 2022 VS 2030(%)
2. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY REGION, 2022 VS 2030(%)
3. GLOBAL HEALTHCARE INTEROPERABILITY SERVICE MARKET SHARE BY REGION, 2022 VS 2030(%)
4. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY LEVEL, 2022 VS 2030(%)
5. GLOBAL FOUNDATIONAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY REGION, 2022 VS 2030(%)
6. GLOBAL STRUCTURAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY REGION, 2022 VS 2030(%)
7. GLOBAL SEMANTIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY REGION, 2022 VS 2030(%)
8. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY END-USER, 2022 VS 2030(%)
9. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION FOR HEALTHCARE PROVIDERS MARKET SHARE BY REGION, 2022 VS 2030(%)
10. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION FOR HEALTHCARE PAYERS MARKET SHARE BY REGION, 2022 VS 2030(%)
11. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION FOR PHARMACIES MARKET SHARE BY REGION, 2022 VS 2030(%)
12. GLOBAL HEALTHCARE INTEROPERABILITY SOLUTION MARKET SHARE BY REGION, 2022 VS 2030(%)
13. US HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
15. UK HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD HEALTHCARE INTEROPERABILITY SOLUTION MARKET SIZE, 2022-2030 ($ MILLION)
