LONDON, March 31, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the healthcare IT integration market, the rapid adoption of electronic health records by physicians is significantly contributing to the growth of the healthcare IT integration market. An electronic health record is a systematic collection of real-time data of patients in digital format by physicians or hospitals whose information is instantly and securely available to authorized users. Electronic health records require healthcare IT software and its integration into healthcare institutes for smooth functioning and maintenance of vast medical data. For instance, in 2019, according to the National Centre for Health Statistics, in the United States, approximately 89.9% of office-based physicians are using electronic health records to treat patients. Therefore, the rapid adoption of electronic health records by physicians is expected to propel the growth of the healthcare IT integration market over the coming years.
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The global healthcare IT integration market size is expected to increase from $3.55 billion in 2021 to $4.03 billion in 2022 at a compound annual growth rate (CAGR) of 13.55%. The change in the healthcare IT integration market growth trend is mainly due to the companies' stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market size is expected to reach $6.75 billion in 2026 at a CAGR of 13.79%.
Technological advancement is among the key healthcare IT integration market trends being followed by the companies operating in the market. For instance, in 2021, Lyniate, an American-based healthcare IT integration company, launched its new product, Lyniate Envoy, with API technology from Datica Inc., which offers turnkey data exchange with any healthcare IT system, including Corepoint and Rhapsody. It also allows users to network with approximately over 1,300 healthcare organizations for maintaining and monitoring patients’ data exchange using FHIP, C-CDA, DICOM, and others.
Major players in the healthcare IT integration market are Infor, InterSystems Corporation, Cerner Corporation, Orion Health, NXGN Management, LLC, iNTERFACEWARE Inc., Allscripts Healthcare, LLC, Epic Systems Corporation, AVI-SPL, Inc., Corepoint Health, Oracle, GE Healthcare, IBM Corporation, Siemens Healthcare GmbH, and Qualcomm Life, Inc.
The global healthcare IT integration market forecast analysis is segmented by component into product, service; by application into clinic integration, radiology integration, lab integration, hospital integration, others.
North America was the largest region in the healthcare information technology integration market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global healthcare IT integration market during the forecast period. The regions covered in the global healthcare IT integration market opportunities are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Healthcare IT Integration Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide healthcare IT integration market overviews, healthcare IT integration market analyze and forecast market size and growth for the whole market, healthcare IT integration market segments and geographies, healthcare IT integration market trends, healthcare IT integration market drivers, healthcare IT integration market restraints, healthcare IT integration market leading competitors’ healthcare IT integration market revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
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