Healthcare IT Integration Industry Latest Developments and Trends
The healthcare IT integration industry is growing rapidly and is expected to continue growing in the foreseeable future. According to a recent study, the global healthcare it integration market size is projected to reach USD 7.1 billion by 2026 from USD 3.9 billion in 2021, at a CAGR of 12.4% during the forecast period. This growth can be attributed to factors such as increasing demand for data integration, rapid technological advancements, the rising adoption of cloud-based solutions, and the growing demand for interoperability among healthcare providers. Furthermore, initiatives taken by governments, private organizations, and healthcare providers to improve healthcare efficiency and reduce healthcare costs are expected to propel the market growth.
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The Latest Trends in Healthcare IT Integration
- Cloud Computing: Cloud computing is revolutionizing healthcare IT integration by allowing for the easy sharing of data and applications across multiple platforms and systems. This helps to improve patient care and reduce costs for healthcare organizations.
- Artificial Intelligence (AI): AI is being used to automate many aspects of healthcare IT integration, such as analytics, medical imaging, and medical decision-making. This technology is helping to improve the accuracy and efficiency of healthcare delivery.
- Connected Devices: Connected devices, such as wearables and sensors, are becoming more common in healthcare IT integration. These devices allow healthcare providers to track patient data in real time and make data-driven decisions.
- Blockchain: Blockchain technology is being used to improve the security and privacy of healthcare data. By using blockchain, healthcare organizations can securely store and share patient data across multiple systems.
- Interoperability: Interoperability is becoming increasingly important for healthcare IT integration. By connecting various systems and platforms, healthcare organizations can more easily share patient data across different systems and providers.
Latest Developments in Healthcare IT Integration
- Artificial Intelligence (AI): AI is rapidly becoming an integral part of healthcare IT integration. AI is being used to identify patterns in patient data, interpret medical imaging, and provide more accurate diagnoses. AI is also being used to automate administrative tasks such as scheduling and billing, freeing up medical staff to focus on patient care.
- Big Data: Healthcare providers are using big data to gain insights into patient health and how to better serve them. Big data is being used to analyze patient data, detect fraud and waste, and improve care delivery.
- Cloud Computing: Cloud computing is becoming an increasingly important piece of healthcare IT integration. It allows providers to store, manage, and share patient data safely and securely. This can make it easier to access patient records, share information between providers, and improve care coordination.
- Wearables: Wearable technology is being used to track and monitor patient health data in real-time. Wearables can also be used to remind patients about medication and appointments, and to monitor for chronic conditions. This can help providers better understand their patients’ health, and provide better care.
- Telemedicine: Telemedicine is becoming a popular tool for healthcare providers it llows providers to interact with patients in real-time and provide medical advice without having to meet in person. Telemedicine can also be used to remotely diagnose and treat patients, reducing wait times and healthcare costs.
Some of the prominent key players are:
- Infor (US),
- InterSystems Corporation (US),
- Cerner Corporation (US),
- Orion Health (New Zealand),
- NextGen Healthcare, Inc. (US),
- iNTERFACEWARE, Inc. (Canada),
- Allscripts Healthcare Solutions, Inc. (US),
- Epic Systems Corporation (US),
- AVI-SPL, Inc. (US) and many more…….
- In September 2021 Lyniate (US) launched Lyniate Rapid -a healthcare API gateway and manager designed to help health teams create and safeguard APIs, including Fast Healthcare Interoperability Resources (FHIR)-based APIs.
- In April 2021, Lyniate (US) acquired Datica, Inc.(US). The acquisition of Datica Integration Business (from Datica, Inc.) has extended the ability of its customers to connect and aggregate the data from multiple systems of record through FHIR.
- In January 2021 Koninklijke Philips N.V. (Netherlands) signed an agreement with Capsule Technologies Inc. (US) aiming to acquire Capsule Technologies, Inc. under its Connected Care segment, to expand its product offering in the segment.
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The healthcare IT integration market is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share (57.2%) of the healthcare IT integration market, followed by Europe (22.9%).