North America Healthcare IT Integration Market

North America Healthcare IT Integration Market Size (2023 to 2028)

The size of the North American healthcare IT integration market is estimated to be growing at a CAGR of 12.24% from 2023 to 2028.

The need to adhere to regulatory guidelines, government initiatives for e-ELS, the need to reduce the high return on investment (ROI), and healthcare spending have all contributed to the market's growth. A sIn addition, a single location is a major driver for the high-demand market for patient records and data collection from other healthcare providers.

The strong market demand for a system capable of increasing the efficiency of healthcare providers and the organization that helps develop its roots, the strong demand for paperless technology are some of the factors driving the growth of the healthcare IT integration market. In addition, per capita health expenditure in developed regions, such as North America, is already very high and growing rapidly in some regions. For example, according to the CMS report, healthcare spending in the United States increased 4.1% to $ 3.7 trillion, or $ 10.745 per person in 2017.

The use of IT in healthcare and integration with other medical services can minimize these repetitive tests by creating a comprehensive database for patient information, such as the electronic medical record (EMR). This indicates a growing need to introduce certain changes in the cost structure of healthcare, which can be achieved by incorporating tools for integrating healthcare into the point of care. Therefore, the strong demand in the North American healthcare IT integration market can lower healthcare costs, providing an opportunity for various market players. Additionally, with technological advancements and product innovations, small and medium enterprises are increasing their presence in the market by introducing new ingredients at lower prices.

However, the lack of internal IT knowledge and the reluctance of end-users to embrace new methods are expected to restrict the growth rate of the North American market during the forecast period. Therefore, the lack of internal IT knowledge and the reluctance of end-users to embrace new methods is expected to slow the market's overall growth to some extent during the forecast period.

Impact of COVID-19 on the North American healthcare IT integration market:

The Covid-19 pandemic is expected to significantly influence the North American healthcare IT integration market in the near future. Health services across the region are overloaded with patients and are treating people routinely due to viral infection. As a result, the operations of hospitals of all sizes have been under intense stress. Although the coronavirus pandemic has caused a shortage of health professionals, it has generated the need for integrated health IT tools to better workflow and better management. Therefore, the North American IT integration market is likely to grow significantly during the epidemic situation.

This research report on the North American healthcare IT integration market has been segmented and sub-segmented into the following categories:

By Product:

• Interface/Integration Engines
• Medical Device Integration Software
• Media Integration Solutions
• Other Integration Tools

By Service:

• Implementation & Integration
• Support & Maintenance
• Training & Education
• Consulting

By End-User:

• Hospitals
• Laboratories
• Clinics
• Diagnostic Imaging Centers
• Other End Users

By Country:

• The United States
• Canada
• Rest of North America

Geographically, currently, The U.S. dominates the North American healthcare IT integration market and is expected to continue to be a stronghold for years to come. This region is expected to increase its market share in the future due to the well-established healthcare industry and better reimbursement facilities in the region. Canada holds a significant market share in the North American region due to the growing adoption of digital healthcare in the country and the growing investments made by companies there.

Mexico is expected to have a healthy growth rate in the North American healthcare IT integration market due to the growing adoption of digital healthcare in the country and the increasing investments made by companies. However, most of the market will be dominated by the U.S. due to the growing need for telehealth and e-health solutions, growing medical tourism, and government initiatives supporting the implementation of information technology in the health sector in the upcoming years.

KEY MARKET PLAYERS:

A few of the prominent companies operating in the North American healthcare IT integration market profiled in this report are GE Healthcare, Allscripts Healthcare Solutions Inc., MEDITECH, Cerner Corporation, IBM Corporation, Oracle Corporation, Corepoint Health, Orion Health, Capsule Technologies Inc., Infor, NextGen Healthcare Inc., and Koninklijke Philips.