Global healthcare IT integration market to hit $ 3.7B by 2021: 6 insights

Market Reports World analysts expect the global healthcare IT integration market to grow at a compound annual growth rate of 10.2 percent through 2021, according to medGadget.

Advertisement

Here are six insights:

 

1. The market will likely reach $3.73 billion by 2021.

 

2. Increasing healthcare costs; growing government support; increasing demand for integrated healthcare systems and growing efforts to maximize returns on investment are boosting the market.

 

3. Key market barriers include interoperability complications; a disjointed end-users market; and costliness of implementation.

 

4. The report anticipates North America will dominate the market in 2021, followed by Europe.

 

5. The North American and European markets will grow at slower CAGRs than the Asia-Pacific region, however, due to less restricting regulations; improving healthcare infrastructure; and increasing healthcare awareness in the region.

 

6. Key market players include:

• Infor in New York City
• InterSystems Corp. in Cambridge, Mass.
• Cerner Corp. in Kansas City, Mo.
• Orion Health in Auckland, New Zealand
• Quality Systems in Irvine, Calif.
• Interfaceware in Toronto, Ontario, Canada
• Allscripts Healthcare Solutions in Chicago
• Epic Systems Corp. in Verona, Wis.
• Qualcomm Life in San Diego
• AVI-SPL in Tampa, Fla.
• Corepoint Health in Frisco, Texas
• Oracle in RedWood City, Calif.

 

More articles on practice management:
Why these physicians joined the Women’s March last weekend
ProEx adds 16th location in Waltham, Mass.: 5 key notes
The CORE Institute completes financing to expand networks, payer partnerships: 5 things to know

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in Practice Management

Advertisement

Comments are closed.