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Healthcare Data Interoperability Market Size

  • Report ID: GMI3148
  • Published Date: Apr 2023
  • Report Format: PDF
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Healthcare Data Interoperability Market Size

Healthcare Data Interoperability Market size was valued at over USD 5.5 billion in 2022 and is poised to grow at over 13% CAGR through 2023 - 2032. Driven by rising global healthcare expenditure.

 

Healthcare Data Interoperability Market

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Surging healthcare investments across both developed and developing economies have helped many healthcare organizations afford advanced interoperability software for effective management of healthcare data. As per Centers for Medicare & Medicaid Services, in 2021, U.S. healthcare spending grew by 2.7%, hitting USD 4.3 trillion, which accounts for 18.3% of the country’s GDP.
 

Healthcare Data Interoperability Market Report Attributes
Report Attribute Details
Base Year:2022
Healthcare Data Interoperability Market Size in 2022:USD 5.6 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:13.2%
2032 Value Projection:USD 18.9 Billion
Historical Data for:2018 to 2022
No. of Pages:210
Tables, Charts & Figures:426
Segments covered:Level, Deployment, Application, Model, End-use and Region
Growth Drivers:
  • Increasing technological advancements in healthcare IT in North America and Europe
  • Growing adoption of EHR software in healthcare facilities in developed as well as developing regions
  • Rising government expenditure to improve healthcare data exchange process in North America
  • Increasing healthcare expenditures globally
  • Increasing number of hospital admissions in Asia Pacific
Pitfalls & Challenges:
  • High cost of healthcare data interoperability software
  • Lack of awareness regarding interoperability software in underdeveloped economies
Learn more about the key segments shaping this market
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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Healthcare data interoperability market was valued at over USD 5.5 billion in 2022 and is expected to grow at over 13% CAGR from 2023 to 2032, driven by surging healthcare expenditures across the globe.

Diagnosis segment is slated to record a valuation of over USD 9.9 billion by 2032, on account of increasing number of people undergoing diagnosis.

North America healthcare data interoperability industry held over 44% of the overall market share in 2022, driven by rising investments towards the digitalization of healthcare in the region.

The list of prominent healthcare data interoperability market players includes names such as Medicity, Oracle, Smith Medical, Optum Insights, Koninklijke Philips N.V., Cerner Corporation, and Edifecs, among others.

Healthcare Data Interoperability Market Scope

  • Healthcare Data Interoperability Market Size
  • Healthcare Data Interoperability Market Analysis
  • Healthcare Data Interoperability Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 11
    • Tables & Figures: 426
    • Countries covered: 30
    • Pages: 210
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