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World Healthcare IT Integration Market by Product, Service, End-user and Region - Forecast to 2025

Dublin, Aug. 14, 2020 (GLOBE NEWSWIRE) -- The "Healthcare IT Integration Market by Product (Interface Engine, Medical Device Integration, and Media Integration), Service (Integration, Maintenance, Training, and Consulting Services), End-User, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global healthcare IT integration solutions market is projected to reach USD 5,953.2 million by 2025 from USD 3,475 million in 2020, at a CAGR of 11.4% during the forecast period. The healthcare IT integration solutions market is projected to grow at a CAGR of 11.4% during the forecast period.The market for HCIT integration solutions is driven primarily by the growing adoption of EHRs and other HCIT solutions as well as rising demand for telehealth, remote patient monitoring, and home healthcare solutions due to the COVID-19 outbreak is expected to drive the market growth during the forecast period. However, the high costs of HCIT integration will hinder the overall adoption of solutions and thereby restrain market growth in the coming years.

By product, the interface/integration engine segment holds the largest market share during the forecast period.Based on product type, the healthcare IT integration products market is segmented into interface/integration engines, medical device integration software, media integration solutions, and other integration tools. The interface/integration engines segment accounted for the largest share of the healthcare IT integration products market in 2019. The large share of this segment can be attributed to the increasing need for information exchange within healthcare service provider facilities or with other affiliated organizations. Furthermore, the emergence of health information exchange (HIE) backed by government initiatives to promote integrated healthcare infrastructure also supports the growth of this market.

By services, the consulting services segment is expected to register the highest CAGR during the forecast period.Based on services type, the healthcare IT integration services market is segmented into implementation and integration services, support and maintenance services, training and education services, and consulting services. The consulting services segment is projected to register the highest CAGR during the forecast period. Factors such as the increasing importance of value-based care, technological advancements, and growing consolidation in the healthcare market are driving the demand for consulting services.

Asia Pacific (APAC) is projected to witness the highest growth during the forecast period.
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