Healthcare Integration Engines Software Market Definition
the increasing need for integration as a result of the rising healthcare costs and the growing volume of data generated in healthcare systems. The growing need to improve patient safety and favorable government and private support for HCIT will also contribute to market growth in the coming years. According to World Health Organization, with the help of healthcare It WHO has been able to classify illnesses, their causes and symptoms into a massive database that encompasses more than 14,000 individual codes. This significant number is expected to act as a driver to the market growth.
The market study is broken down, by Application (Medical device integration and Healthcare center integration) and major geographies with country level splits.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Healthcare Integration Engines Software market throughout the predicted period.
Redox, Inc (United States), Corepoint Health (United States), InterSystems (United States), Greenway Health (United States), NXGN Management (United States), Binary Spectrum (India), Change Healthcare (United States), Magic Software Enterprises (Isreal), AirStrip Technologies (United States), Bridge Connector (United States) and Careteam Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Servelec (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Healthcare Integration Engines Software market by Type, Application and Region.
On the basis of geography, the market of Healthcare Integration Engines Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-premise will boost the Healthcare Integration Engines Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Healthcare Integration Engines Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 17th September 2019, Redox has announced that Allscripts® is certified as the first global integration engine of the Allscripts Developer Program (ADP). All digital health vendors that are part of the Redox Network will automatically be eligible for Allscripts Unity API access and expedited implementation timelines offered by the ADP program.
- Upsurging Requirement of Integrated Healthcare Systems
- Potential for Reductions in Medical Error Rate and Improvements in Care Quality
- The Rising Demand due to Favorable Government Support and Initiatives
- The Upsurging Healthcare Expenditure Market across the World
- Rising Telehealth as well as Remote Patient Monitoring Markets
- Upsurging Demand from Emerging Markets
- The Increasing Concern of Interoperability Issues
- High Cost associated with HCIT Integration
- Data Security Concerns
- Lack of Skilled Healthcare IT Professionals
Key Target AudienceHealthcare Integration Engines Software Providers, Government Regulatory Bodies, Government Health Organizations, Government Research Organizations, Private Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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