U.S. Healthcare IT Integration Market is Expected to Witness Continued Growth
SAN ANTONIO, Texas, May 31, 2016 (GLOBE NEWSWIRE) -- Verify Markets’ analysis of the United States Healthcare IT Integration Market shows that the market was valued at over $1.3 billion in sales for 2015. Continued investments towards healthcare IT solutions has led to a tremendous rise in the medical data generated within hospitals. Hospital systems face an enormous challenge in harnessing value and insights from various kinds of data collected from numerous sources. In addition, with incentive based programs including Meaningful Use and the HITECH Act, it has become imperative for hospital systems to gather and collate information from various healthcare IT systems deployed in the hospitals.
Healthcare IT integration engines have made it feasible for healthcare organizations to gain leverage from the large amount of information generated in hospitals. In making use of specific data collected from various IT systems, hospitals are able to create effective and efficient applications to enhance the quality of healthcare services. Integration engines have enabled large healthcare organizations to achieve interoperability in a multi-vendor environment. Moreover, integration engines help in reducing redundancies and data duplication within hospital systems. These engines are also used to build health information exchange (HIE) platforms, which make health information easily accessible and readily available. Therefore, healthcare IT integration has been beneficial for various stakeholders in the healthcare industry including governments, payers, healthcare providers, and insurance companies, among others.
“The overall healthcare IT market in the U.S. has been moving towards consolidation in the recent years, leading to a shift from a multi-vendor environment to a single provider approach,” says Verify Markets’ lead analyst, Sagar Khanivadekar. “Traditionally, integration engines were used to make sense out of the information gathered by all the ‘best-in-breed’ IT solutions deployed in the hospitals. With increasing consolidation in the healthcare IT market, interoperability within various hospital systems would become simpler.” However, Verify Markets’ analysis revealed that the consolidation would not result to reduced usage of the integration engines. In fact, rising consolidation would lead to an increase in the number of healthcare applications, which would require specific data points to be collected from various IT systems, driving the demand in the healthcare IT integration market in the future.
With the advent of the new HL7 standard, i.e., Fast Healthcare Interoperability Resources (FHIR), leading companies in this market have started to offer their latest integration products with FHIR capabilities. FHIR has enabled healthcare organizations and application developers to seamlessly achieve interoperability and develop effective healthcare applications. The shift from document-centric approach to data-level access approach is expected to empower healthcare application developers to design and build more useful and innovative applications.
Some of the key players covered in the study include Infor, Inc., Oracle Corporation, Cerner Corporation, Corepoint Health, LLC., Orion Health Limited, InterSystems Corporation, MuleSoft, Inc., Quality Systems, Inc., Summit Healthcare Services, Inc., SAP SE, and Siemens Healthcare GmbH and IBM Corporation.
The United States Healthcare IT Integration Market report captures the growth drivers, restraints, trends, market analysis, supplier landscape, latest developments and provides strategic recommendations. The base year of the study is 2015 and revenue forecasts are provided up to 2022. A copy of the U.S. Healthcare IT Integration Market research report can be obtained at http://www.verifymarkets.com.