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Recent Study: Healthcare IT Integration Market - Global Forecast to 2018

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Boston, MA -- (SBWIRE) -- 04/04/2014 -- 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

Healthcare IT integration platforms and tools form the backbone of any successful healthcare information network. The global healthcare IT 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 the global recession in the past few years.

This report analyzes the global market for healthcare IT integration 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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The growth in the healthcare IT integration market can be attributed to the rising healthcare costs, which has compelled governments in many developed countries across the world to initiate cost control initiatives in their respective healthcare systems. Globally, there has been a continuous demand for healthcare IT integration; this demand is triggered by the presence of strong government support and initiatives, growing need to integrate healthcare systems, and efforts from healthcare providers to maximize their returns on investment. However, various interoperability issues, presence of a fragmented end-users market, and high cost of implementation still remain some of the challenges for greater adoption of integration tools within the healthcare industry, thus restraining the healthcare IT integration market growth.

Extensive research in this market has brought to light that agreements, collaborations, and partnerships were the key growth strategies followed by major players. These strategies were employed by players to achieve product enhancement, gain immediate technological competency, and widen their geographic presence. The key players that adopted these strategies are Corepoint Health (U.S.), Intersystems (U.S.), Cerner Corporation (U.S.), Orion Health (New Zealand), and Infor (U.S.).

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