Dallas, TX -- (SBWIRE) -- 04/04/2014 -- 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".
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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. Factors such as the rising healthcare costs, presence of strong government support and initiatives, growing need to integrate healthcare systems, and high returns on investment have increased the demand for healthcare integration. However, various interoperability issues, presence of a fragmented end-users market, and the high cost of implementation of healthcare integration are the factors that are restraining the growth of this market to a certain extent.
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The healthcare IT integration platform and tools form the backbone of any successful healthcare information network. The global healthcare integration market has experienced a substantial growth in the past decade, and so has the market for integration tools and platforms. However, the market growth in Europe was somewhat restricted in the past 2 to 3 years, due to the impact of the Eurozone debt crisis and global recession in past few years.
This report analyzes the global healthcare integration market based on products (integration/interface engines, device integration software, media integration solutions, and other integration tools), services (implementation, support and maintenance, and training), applications (hospitals, laboratories, radiology centers, clinics, device integration, HIE, and others), and geography (North America, Europe, Asia, and the Rest of the World).
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North America accounted for the largest share of 65% to 70% of the global market, followed by Europe with a share of nearly 20%. However, the Asian countries represent the fastest-growing markets. The high growth in these countries can be attributed to the increasing awareness regarding healthcare, growth in healthcare spending in emerging countries, and the presence of a large and diverse population in this region.
The prominent players in the market are InterSystems (U.S.), Corepoint Health (U.S.), Siemens AG (Germany), Orion Health (New Zealand), Infor (U.S.), Interfaceware (Canada), Enovacom (France), Cerner Corporation (U.S.), Capsule (U.S.), Accenture (Ireland), Capgemini (France), IBM Corporation (U.S.), Allscripts (U.S.), Oracle (U.S.), and AVI-SPL (U.S.).
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