Dallas, TX -- (ReleaseWire) -- 03/17/2014 -- RnRMarketResearch.com adds “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" report to its research database.
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.).
By 2018, North America will continue to dominate the healthcare IT integration market, followed by Europe, Asia, and RoW. The U.S. has been among the frontrunners in the development of IT infrastructure for the healthcare industry and is a well-established market for healthcare IT solutions in the world. However, the U.S. healthcare IT integration market has a scope to grow further, owing to the presence of large hospitals in the country that demand integrated healthcare networks, and availability of government funding for healthcare providers towards development of statewide and nationwide healthcare information exchanges.
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On the other hand, the overall share of the Asian market in the global arena is expected to grow during the forecast period. Increasing government initiatives towards implementation of IT in the healthcare industry in the Asia-Pacific region are expected to play a pivotal role in growth of this market.
The prominent players in the global healthcare IT integration market are InterSystems (U.S.), Corepoint (U.S.), Siemens (Germany), Orion Health (New Zealand), Infor (U.S.), Interfaceware (Canada), Enovacom (France), Cerner Corporation (U.S.), Capsule (U.S.), Accenture (Ireland), Capgemini (France), IBM (U.S.), Allscripts (U.S.), Oracle (U.S.), and AVI-SPL (U.S.).
Reasons to Buy the Report
This report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering greater market shares. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.
The report provides insights on the following pointers:
-Market Penetration: Comprehensive information on product portfolios offered by the top players in the healthcare IT integration market. The report analyzes the healthcare IT integration market by product type, services, and applications across all geographies
-Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the healthcare IT integration market
-Market Development: Comprehensive information about the lucrative emerging markets by product, functionality, and geography
-Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the healthcare IT integration market
-Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, and manufacturing capabilities of the leading players in the healthcare IT integration market
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