Healthcare IT Integration Market (Interface Engine, Medical Device Integration, Media Integration) Worth $2,745.9 Million by 2018 – New Report by MarketsandMarkets
The healthcare service provider industry has a plethora of information in the form of patient records, medical images, patient bills, prescriptions, insurance claims, and research data. http://www.marketsandmarkets.com/Market-Reports/healthcare-it-integration-market-228536178.html
(PRWEB) March 28, 2014
The “Healthcare IT Integration Market by Products (Interface Engine, Medical Device Integration, Media Integration), Services (Implementation, Maintenance, Training), Applications (Hospitals, Radiology, Laboratory, Clinics, HIE) – Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Browse more than 54 market data tables with 13 figures spread through 169 pages and in-depth TOC on "Healthcare Integration Market" – http://www.marketsandmarkets.com/Market-Reports/healthcare-it-integration-market-228536178.html.
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This report studies the global healthcare Integration market, with a forecast to 2018. The market is expected to grow at a CAGR of 9.6% in the forecast period, to reach $2,745.9 million by 2018 from $1,737.3 million in 2013.
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The global healthcare IT integration industry is in a phase of transition, with many manufacturers struggling to maintain their profit margins. During 2011 to 2014, agreements, collaborations, and partnerships were the key strategies followed by major players. This strategy was employed by players to achieve product enhancement, gain immediate technological competency, and widen their geographic presence. The key players that adopted this strategy are Corepoint Health (U.S.), Intersystems (U.S.), Cerner Corporation (U.S.), Orion Health (New Zealand), and Infor (U.S.).
An interface engine undertakes messaging between various systems and filters it or changes the format of the data, to enable swift data transfer from one system to another. In a healthcare organization, an interface engine is regarded as the backbone for healthcare information platforms, as it acts as a mediator for all messaging between healthcare organization systems.
The growth of the interface engines market is mainly attributed to an increasing importance of exchange of information within the healthcare service provider facility or with other affiliated organizations. In coming years, emergence of health information exchanges (HIEs), backed by government initiatives to promote integrated healthcare infrastructure is expected to play a pivotal role in growth of the interface engines and thereby healthcare IT integration market. However, the high cost of ownership and unresolved interoperability issues are expected to restrain the market growth to a certain extent.
The prominent brands of interface/integration engines available in the market are Ensemble (Intersystems), Corepoint (Corepoint Health), Rhapsody (Orion Health), Cloverleaf (Infor), Iguana (Interfaceware), and OPENLink (Siemens).
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