Healthcare Interoperability Solutions Market, By Deployment (Cloud-based and On-premise), By Level (Foundational, Structural, and Semantic), By Type (Solution and Services), By End Use (Healthcare Providers, Healthcare Payers, and Pharmacies), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Sep 2022

Code : CMI5227

Pages :170

Formats :

Excel and PDF

Industry : Healthcare IT

Healthcare Interoperability Solutions MarketSize and Trends

The global healthcare interoperability solutions market was valued at US$ 3,192.08 Mn in 2021 and is forecast to reach a value of US$ 7,745.27 Mn by 2028 at a CAGR of 13.6% between 2022 and 2028. The healthcare interoperability solutions market is experiencing strong growth due to the Increase in the adoption of interoperability solutions by healthcare authorities, favorable government initiatives to improve patient care, investments to enhance healthcare facilities, & increase in focus on patient-centric care are some major factors propelling the market growth. However, factors such as lack of interoperability solutions and shortage of skilled healthcare IT professionals are expected to hamper growth of the market.

Figure 1. Global Healthcare Interoperability Solutions Market Share (%), by Therapeutic Area, 2021

Global Healthcare Interoperability Solutions Market Trends:

Increase in adoption of cloud-based interoperability solutions is expected to propel the growth of the global healthcare interoperability solutions market. For instance, in July 2021, Google Cloud launched a new solution which aims to enable interoperability in healthcare. Healthcare Data Engine is an end-to-end solution that collects data from multiple sources, and provides clinicians, planners, and researchers with access to a real-time and full picture of the patient’s record in a secure cloud environment which supports analytics and AI.

Rising concerns over increasing healthcare costs is expected to aid in the growth of the global healthcare interoperability solutions market. Interoperability is intended to streamline care and promote patient-centered care while also lowering healthcare costs. Moreover, interoperability solutions in healthcare are the key to overcoming some of the industry's toughest challenges and promise to significantly reduce healthcare costs.

Figure 2. Global Healthcare Interoperability Solutions Market Share (%), by Therapeutic Area, 2021