Pune, Maharashtra -- (SBWIRE) -- 10/11/2022 -- Healthcare Interoperability Solutions Market Overview:

The need for healthcare interoperability has grown significantly across health systems in recent years. These healthcare interoperability solutions may take care of data administration, strategy formulation, and data checking. Interoperability solutions contribute to the digital transformation as well as help with compliance with industry standards. To improve individual and community health outcomes, interoperability in healthcare refers to the integration and use of electronic health data together with prompt and secure access. The health care sector is currently heavily focused on improving the standard of healthcare facilities and operating effectiveness, decreasing medical errors that occur during various medical procedures, and reducing operational costs.

According to the recent research report by SNS Insider, the healthcare interoperability solutions market is projected to reach USD 6.48 billion by 2028, with a steady CAGR of 13.8% during the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges

One of the key elements driving a rise in the demand for healthcare interoperability systems is the increase in the demand and necessity to supply patient-specific healthcare services. The major healthcare organizations' increasing investment in R&D combined with government attempts to raise the standard of healthcare services will create even more lucrative and rewarding growth prospects for the healthcare interoperability solutions market. Rapid digitization and increasing acceptance of cutting-edge technical solutions will also be key drivers of market expansion.

Impact of the COVID-19 Pandemic

COVID-19 has strengthened the need for remote diagnosis, treatment, and consultation. However, because so many healthcare professionals are currently focusing on phone and videoconference calls, this market is anticipated to expand significantly over the coming years. Under the social separation strategies, clients with minor concerns were also compelled to receive online counseling. Due to these factors, COVID 19 is anticipated to have a significant impact on the market for medical interoperability solutions. For the sake of the public's health, interoperability can give vital data. Interoperability is essential to enhancing care for all patients.

Healthcare Interoperability Solutions Market Segmentation Analysis 2022

The services segment had the biggest market share by type and is predicted to continue on this path of growth. This can be linked to a paradigm shift in cloud computing and cloud-based platforms that allow for lower operational expenses and better and quicker execution of company strategies and procedures.

With an increased demand for access to patient health information and the increased use of IT healthcare solutions to enhance the quality of care and patient satisfaction, the Healthcare information exchange interoperability solutions segment, based on software solutions, is anticipated to expand at a faster rate during the forecast period.

The semantic interaction segment held the highest share in terms of level in the healthcare interoperability solutions market, and it is expected to develop more rapidly in the years to come. The most reliable collaborative approach now on the market for information flow between more than two systems is semantic interaction.

Major Segments and Sub-Segment of Healthcare Interoperability Solutions Market are Listed Below:

By Type
- Software Solutions
- Services

By Software Solutions
- EHR interoperability solutions
- Lab system interoperability solutions
- Imaging system interoperability solutions
- Healthcare information exchange interoperability solutions
- Enterprise interoperability solutions

By Level
- Foundational Interoperability
- Structural Interoperability
- Semantic Interoperability

By End User
- Healthcare Providers
- Healthcare Payers
- Pharmacies

By Healthcare Providers
- Hospitals & Clinics
- Long-term Care centers
- Diagnostics & Imaging centers

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Regional Analysis

Asia Pacific is anticipated to experience the industry's fastest CAGR growth during the forecasted time frame. The region's healthcare industry is expanding as a result of growing government proposals for electronic health records, a booming health travel sector, soaring demand for affordable health insurance, and a growing requirement for the integration of medical technology to provide clients with effective care. In the healthcare interoperability solutions market globally, the North American region is anticipated to hold the greatest market share. The rising need for effective healthcare services, the need to save healthcare costs, and successful EHR deployment by healthcare organizations are the main reasons influencing the adoption of interoperability solutions in this region.

Competitive Landscape Outlook

Some of the leading players present in the healthcare interoperability solutions market are Summit Healthcare Services, Inc., Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., Nalashaa Healthcare, Cerner Corporation, Inter Systems Corporation, Orion Health Group Limited, and Koninklijke Philips NV.

Table of Contents - Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Healthcare Interoperability Solutions Market Segmentation, By Type

9. Healthcare Interoperability Solutions Market Segmentation, By Software Solutions

10. Healthcare Interoperability Solutions Market Segmentation, By Level

11. Healthcare Interoperability Solutions Market Segmentation, By End User

12. Healthcare Interoperability Solutions Market Segmentation, By Healthcare Providers

13. Regional Analysis

14 Company Profiles

15 Competitive Landscape

16 Conclusion

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