AI- and, more specifically, large language models (LLMs) to Offer Lucrative Opportunity to the Global Healthcare Interoperability Market

Published: Oct 2023

The global healthcare interoperability market is anticipated to grow at a significant CAGR of 10.5% during the forecast period (2023-2030). AI- and, more specifically, large language models (LLMs) have a unique opportunity to smooth the edges of legacy system conversion and the adoption of a standard format which is anticipated to increase the adoption of this solution globally. LLMs have demonstrated enormous prowess in interpreting and contextualizing human language. ChatGPT reached 100 million users within two months of its release, making massive ripples. Prior to that, the gold standard for product adoption was TikTok, which took nine months to reach 100 million users. The technology seems to be a breakthrough, as it (and others) have the potential to influence many industries, including healthcare. 

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/healthcare-interoperability-market

AI has already been introduced into diagnostics, and image models have already begun to identify sarcomas in patients. Language models are able to interpret human language by contextualizing words in semantic space, which is a representation of a word's meaning. Unlike existing logic, which might map the word "doctor" to "provider" in a simplified format conversion, language models can parse information semantically. Embracing the semantic inference power of LLMs represents a step-function improvement over existing strategies for interoperability. Systems of data that are interoperable represent a large improvement to patients, providers, insurers and researchers. Hence, the implementation of LLMs in healthcare interoperability solutions to drive the global market growth.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Level

o By Type

o By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including Koninklijke Philips NV, EPIC Systems Corp., NextGen Healthcare, Inc., Oracle Corp. (Cerner Corp.), Koch Software Investments (Infor, Inc.) among others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Healthcare Interoperability Market Report Segment

By Level 

  • Foundational
  • Structural
  • Semantic 

By Type

  • Services
  • Software 

By End-User

  • Healthcare Providers
  • Healthcare Payers
  • Pharmacies

Global Healthcare Interoperability Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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