Emerging Technologies & Innovation Driving Healthcare IT Integration Market

There has been a paradigm shift among the providers of healthcare IT integration in the recent years owing to the surging demand for modern and quality healthcare services. Transparency Market Research, in a report titled “Healthcare IT Integration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the global healthcare IT integration market is driven by the rise in geriatric population, the development of new models of healthcare delivery, the rise in healthcare consumerism, major technological advancements, and the growing regulatory compliance for the optimum utilization of healthcare IT solutions. On the down side, the rising concerns associated with data security and the high cost of healthcare IT integration hamper the global market.

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Healthcare IT integration is a cost effective means to manage, monitor, and archive patient care by enabling the secure use as well as sharing of health data. Healthcare IT integration is used for computerized provider order entry, electronic prescribing, clinical decision support, and electronic medical record systems. The data shared and archived through healthcare IT integration can be used to increase productivity, deliver clinical results on time, for analysis, to make better medical decisions, and improve overall patient care.

The global healthcare IT integration market is geographically segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Accounting for the largest share in the market, North America has been the dominant regional segment driven by the rising demand for healthcare IT integration, the growing awareness among the people, and major technological advancements. Europe is the second largest market for healthcare IT integration and is fueled by the increasing presence of geriatrics in the region. Owing to the poor health and economic condition in several low-income countries, RoW ranks fourth in the global healthcare IT integration market. However, the development of healthcare infrastructure in Latin American countries such as Mexico and Brazil will enable this region to gain some momentum in the coming years.

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Asia Pacific is an immensely lucrative region owing to the dearth of proper healthcare facilities, the growth in the healthcare infrastructure, the rise in disposable income, and the increasing demand for healthcare IT solutions.

The evaluation of the global healthcare IT integration market makes for an informative and interesting read as it identifies the leading players competing in global and domestic market and tracks the performance of these companies over the years. Aspects such as company overview, business strategies, recent developments, and financial standing. With the help of a SWOT analysis, the strengths, weaknesses, opportunities, and threats of the various companies have been highlighted to give readers a competitive edge.

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