APAC Healthcare IT Integration Market, By Type (Products (Integration Engines, Integration Software), Services (Installation Services, Maintenance Services, Training), By End User (Hospitals, Radiology Centers, Diagnostic Laboratories, Cath Labs, Clinics, Others), By Applications (Medical Device Integration, Healthcare Center Integration), By Country (China, India, Japan, South Korea, Singapore, Australia, Rest of APAC) – Trends and Forecast to 2024
The new Asia Pacific (APAC) Healthcare IT Integration Market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Healthcare IT integration market is expected to grow exponentially in the near future, owing to its importance in streamlining healthcare process. By integrating all healthcare IT products within a provider or among providers, the healthcare process can be maintained in a proper way from admission to claims reimbursements. Also the maintenance of healthcare records is among one of the major priorities in developed countries and by integrating healthcare this can be achieved. Usage of multi electronic health records (EHRs) and other healthcare IT products, hospitals make best efforts that enable them to use the most logical solution for different departments or requirements. However a dearth of standards causes errors such as workarounds, data duplication, and interoperability problems for IT and end-users. To stop these errors from happening healthcare providers uses single software, which in turn will not provide best solution for all departments. Healthcare IT integration products and services solve the previously mentioned crisis, hence creating a global need.
The APAC healthcare IT integration market is segmented based on type, services, end user, applications and country. Based on type the market is segmented into products and services. In 2016, the healthcare IT integration services is expected to dominate the market, due to the continuous need of training and maintenance and rising installed base of integration engines. The product segment includes integration engines or platforms and integration software. In 2015, the healthcare IT integration engines segment is dominant with approximately a market share. The healthcare It integration services is further segmented into installation services, maintenance services and training services. The maintenance services segment commanded the largest share of the APAC healthcare IT integration market, by service, in 2015.
Based on end-users the APAC healthcare IT integration is segmented into hospitals, radiology centers, diagnostic laboratories, cath labs, clinics and, others. In 2016, hospitals is expected to be the largest end-user for APAC healthcare IT integration products, owing to the large number of healthcare IT products installed in hospitals, the larger number of products more is the complexity and hence greater needs for integration.
Based on applications the APAC healthcare IT integration market is segmented into medical device integration and healthcare center integration. In 2015, healthcare It integration leads the market, owing to the increasing number of users for healthcare IT products and increasing demand of Electronic Health Records (EHR) solutions in the market.
Based on geography the APAC healthcare IT integration market is segmented into 7 countries, China, India, Japan, South Korea, Singapore, Australia and rest of APAC. Japan is expected to dominate the market, while China and Singapore are expected to be the growing with highest CAGR in the forecast period.
Some of the major players operating in the APAC healthcare IT Integration market are Carepoint Health, Oracle, AVI-SPL, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Qualcomm Life, Inc., Interfaceware, Inc., Orion Health, Quality Systems, Inc., Cerner Corporation, InterSystems Corporation, Infor, Inc., Orion Health, Summit Healthcare and Siemens among other vernacular players.