AcuteMarketReports

​Healthcare IT Systems Interoperability Market To Reach US$ 3.6 Bn By 2024

Press Release   •   Feb 21, 2017 14:05 IST

According to a new market research report published by Credence Research “Healthcare IT Systems Interoperability Market (End User – Hospitals, Ambulatory Care Centers, Long-term Care Centers and Others) Market - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2024”, the global healthcare IT systems interoperability market stood at US$ 1.9 Bn in 2015 and is estimated to expand with a CAGR of 7.4% from 2016 to 2024.

The complete report is available at http://www.credenceresearch.com/report/healthcare-it-systems-interoperability-market

Market Insights

The healthcare IT systems interoperability market is majorly driven by increasing need to lower healthcare costs in the developed countries in the North America and Europe regions. In addition, with growing maturity and awareness among the patients, it has become imperative for healthcare providers to ensure continuity of care and seamless exchange of healthcare information between various stakeholders in the healthcare industry.

Factors such as need for effective deployment of healthcare IT systems and meaningful use of medical information have compelled hospital systems in the U.S. to achieve interoperability within healthcare facilities. With free moving population in Europe, healthcare organizations have been working closely with various government bodies to ensure effective collection and exchange of medical information. Healthcare interoperability has been particularly effective in various small-sized countries such as New Zealand, Singapore, and South Korea, among others. Thereby, the overall healthcare IT systems interoperability market is expected to witness sustainable growth across the world.

Some of the factors restraining the growth in healthcare IT systems interoperability market included high costs and complexity. Despite constant efforts towards the development of effective healthcare applications, the market is yet to witness a robust framework for the exchange and use of the medical information. In addition, lack of government support and initiatives in most of the developing countries has stalled the adoption of interoperability platforms in the healthcare systems.

Competitive Insights:

The healthcare IT systems interoperability market is intensely competitive in the developed markets across the world. Companies have been increasingly focusing on developing innovative applications to make better use of the collected medical information in order to enable healthcare providers to deliver effective healthcare services. In addition, healthcare IT systems interoperability providers seek to work closely with various healthcare IT systems providers to ensure seamless exchange of information within healthcare facilities.

The complete report is available at http://www.credenceresearch.com/report/healthcare-it-systems-interoperability-market

Key Trends:

Consolidation in the overall healthcare IT market in the developed countries resulting in a shift from multi-vendor to a single vendor environment

Increasing maturity of the overall healthcare IT infrastructure in developing countries driving the demand for interoperability

Information security has been identified as the most critical aspect in medical information exchange

Rise in research and development of innovative healthcare applications making effective use of medical information collected from various healthcare IT systems.

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

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Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.