The healthcare interoperability market is expected to witness growth in the given forecast period. The market is driven by the ongoing efforts for achieving holistic patient centric experience along with rising government efforts to minimize healthcare expenditure. For instance, Cerner Corporation would implement EHR platform to ensure data interoperability between United States Department of Veterans Affairs (VA) and Department of Defense (DOD) in 2020.
The market is segmented into services and solutions based on the type. Service segment is anticipated to dominate the market. Need for automation to streamline healthcare operation is the major driver attributed for its dominance. That would reduce the overall cost associated with business processes.
Based on software type, the healthcare interoperability market is segmented into EHR interoperability solutions, enterprise interoperability solutions, lab system interoperability solutions, HIE interoperability solutions, imaging system interoperability solutions, and others. The HIE interoperability solutions segment has the potential to register fastest growth over the forecasted period due to the rising adoption of IT in healthcare to manage patient data for better patient-centric services.
According to the interoperability level, the market is segmented into foundational interoperability, structural interoperability, and semantic interoperability. The semantic interoperability segment held dominance based on its cross industry applicability.
The market is segmented according to the end user in to healthcare providers, healthcare payers and pharmacies. Healthcare provider market segment is anticipated to showcase lucrative growth owing to its large base of contributors that include hospital, clinics, and long term care centers
North America is expected to dominate the healthcare interoperability market. This is due to the high penetration of electronic health record (EHR) in the developed countries like the U.S. and Canada. On the other hand, Asia Pacific is expected to grow over the forecast years due to the increase in IT adoption in healthcare business operations clubbed with rising outsourcing activity in this geography.
The key players of this market include Cerner Corporation, Infor, Inc., Allscripts Healthcare Solutions, Inc., Koninklijke Philips NV, InterSystems Corporation, Orion Health Group Limited, iNTERFACEWARE, OSP Labs, Epic Systems Corporation, ViSolve, Inc., Quality Systems, Inc and Jitterbit.
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