The expansion of healthcare data interoperability market can be attributed to the apparent benefits that interoperability offers to the medical spectrum. That these benefits are being recognized by national authorities is evident in the recent proposal by the Department of Health and Human Services of the United States for new rules that support secure and seamless access, use, and exchange of electronic health information.
That COVID-19 pandemic has played a major role in the growth of the healthcare data interoperability market. The outbreak has encouraged countries to focus more on improving their healthcare infrastructure and support the betterment of their economy. Supportive initiatives by governments and steady investments have helped healthcare organizations to afford technologically advanced clinical interoperability software for secured data exchange and regimented services.
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Support for healthcare data interoperability market has also been supplemented by the shift in patient demographics which is now leaning towards older patients who are prone to chronic cases such as diabetes, renal disease, hypertension, cancer, heart disease and respiratory illnesses. These ailments naturally need intensive management from specialists, home health care, hospitals and community resources grouped around an individual patient and steered by the primary care provider. The new model of patient-centric care delivery is majorly dependent on the flow of patient information across settings.
Instances of other significant healthcare interoperability companies can also be cited to demonstrate the extent of the healthcare data interoperability industry growth and its intensifying impetus. In April 2019 NYC Health + Hospitals (NYCHH) launched its $1 billion Epic EHR implementation that took the total number of facilities live with the system to 50 by adding 19 additional facilities.
Increasing awareness regarding chronic diseases such as cancer and diabetes have resulted in a surge in demand for diagnostic tests. The benefits of early diagnosis of disease have intrigued people’s attention towards routine healthcare screening. Rise in testing activities have resulted in enormous data being generated by patients at diagnostic centers and healthcare organizations. As per a report, it is estimated that the healthcare data interoperability industry is anticipated to witness around 9% growth from the diagnosis application segment by 2025.
Rising cases of chronic diseases could make EHR software crucial for storing patient data. Safe and actual data transmission competent interoperability software are also required along with EHR software. Rising demand for these software solutions could consequently enhance the growth prospects of healthcare data interoperability market over time.
Some of these industry players include Medicity, Cerner Corporation, Epic, Orion Health, Edifecs Inc Optum Insights, Allscripts, Philips, Ciox Health, Experian Health, Teletracking Technologies, Smith Medical, and Oracle.
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Partial Chapter of the Table of Content
Chapter 4. Healthcare Data Interoperability Market, By Level
4.1. Key segment trends
4.2.1. Market size, by region, 2014-2025 (USD Million)
4.3.1. Market size, by region, 2014-2025 (USD Million)
4.4.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Healthcare Data Interoperability Market, By Application
5.1. Key segment trends
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4.1. Market size, by region, 2014-2025 (USD Million)
Chapter 6. Healthcare Data Interoperability Market, By Deployment
6.1. Key segment trends
6.2.1. Market size, by region, 2014-2025 (USD Million)
6.3.1. Market size, by region, 2014-2025 (USD Million)
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