According to the report published by Allied Market Research, the global healthcare interoperability solutions market generated $5.32 billion in 2020, and is projected to reach $21.54 billion by 2030, witnessing a CAGR of 14.9% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Adoption of cloud technology related to healthcare services and implementation of various healthcare reforms such as Patient Protection and Affordable Care Act (PPACA) drive the growth of the global healthcare interoperability solutions market. However, concerns regarding patient data safety & security restrain the market growth. On the other hand, surge in investments in the Asia-Pacific region creates new opportunities in the coming years.
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Covid-19 Scenario:
During the Covid-19 pandemic, the demand for healthcare interoperability solutions increased to keep healthcare records for keeping accurate patient information, linking patient records, and ensuring interoperability and cyber security.
However, there has been a slight negative impact on the market as the focus from cost-intensive and long-term projects such as healthcare interoperability solutions shifted to other services such as patient access management and others.
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The report offers detailed segmentation of the global healthcare interoperability solutions market based on level, deployment, end-user, and region.
Based on level, the structural segment held the highest share in 2020, contributing to more than two-fifths of the total share, and is expected to maintain its leadership status during the forecast period. However, the semantic segment is projected to manifest the highest CAGR of 15.5% from 2021 to 2030.
Based on end-user, the healthcare providers segment contributed to the highest share in 2020, accounting for more than two-thirds of the total share of the global healthcare interoperability solutions market, and is expected to maintain its lead position during the forecast period. However, the healthcare payers segment is projected to witness the largest CAGR of 15.2% from 2021 to 2030.
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Based on region, North America accounted for the highest share in 2020, holding nearly three-fourths of the total share, and is projected to maintain its dominant share by 2030. However, LAMEA is expected to manifest the fastest CAGR of 17.2% during the forecast period.
Leading players of the global healthcare interoperability solutions market analyzed in the research include Allscripts Healthcare, LLC, Epic Systems Corporation, Cerner Corporation, InterSystems Corporation, Infor, Koninklijke Philips N.V., Jitterbit, Orion Health, NextGen Healthcare, Inc., and ViSolve Inc.
KEY FINDINGS OF THE STUDY
By level, the structural segment was the highest revenue contributor in 2020.
By deployment, the cloud-based segment dominated the market in 2020.
By end-user, the healthcare providers segment dominated the market in 2020.
North America region generated the highest revenue in 2020.
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