Asia Pacific Healthcare Interoperability Solutions Market

Asia Pacific Healthcare Interoperability Solutions Market Size

As per the latest market research reports, the Asia Pacific healthcare interoperability solutions market is forecasted to reach USD 1.98 billion by 2024 from an approximated USD 0.88 billion in 2019, at a CAGR of 22.6% during the forecasting period 2024.

Growth Opportunities, Challenges and Restraints of Asia Pacific Healthcare Interoperability Solutions Market:

The increasing focus on patient-centric care delivery, rising need to curb healthcare costs, government initiatives for improving patient care and safety, and government funding for healthcare interoperability are the main growth factors for this market. The increasing improvements in healthcare infrastructure are anticipated to offer significant growth opportunities for players in this market. Nevertheless, increasing complexity with the absence of consistent data, lack of trained healthcare IT professionals, and data isolation concerns are some of the major market challenges in the Asia Pacific.

Healthcare systems are pursuing to leverage their purchase in electronic health record (EHR) systems by integrating them with another critical technology. Through this need arises the need for healthcare interoperability resolutions. Healthcare interoperability solutions are used in order to defeat the complexity of healthcare domain, these solutions allow data distribution and re-uses among disparate healthcare applications and projects, involves the reduction of healthcare expenditures and the enhancement in the quality of care.

Growing focus on patient care, growing need to stricture increasing healthcare costs and government initiatives for enhancing the patient experience of care are the main factors driving Asia Pacific’s healthcare interoperability market growth. Interoperability of systems, data exchange, and data access play a vital role in promoting health outcomes. Mobilizing data regarding individual’s health over the complete spectrum of care providers in health organizations to enable coordinated, safe and high-quality care that supports payment reforms, transparency efforts and the ability of individuals to manage their health. Thus, benefits given by healthcare data interoperability software will drive the industry growth over the coming years.

Increasing adoption of EHR software in developed as well as developing regions will positively affect healthcare data interoperability business growth. The data interoperability software has increased popularity over the recent years owing to the increasing need to provide effective healthcare services. Increasing healthcare costs will surge the demand for this software to allow healthcare organizations to access patient’s medical data, thereby decreasing the number of repeated tests and making it easier for medical staff to coordinate across various departments within the organization. Nevertheless, lack of knowledge regarding healthcare data interoperability software in underdeveloped economies may hinder industry growth over the analysis timeframe.

Growing focus on health care interoperability solutions by health care authorities, increasing investments for improving medical facilities, rising government initiatives for enhancing patient care, increase in the government funding for health care interoperability, and increasing focus on patient-centric care delivery has changed several features in medical practices. Health care interoperability solutions are widely employed in medical facilities, leading to fast developments in the Asian market. But, lack of trained professionals, growth in complexity with the lack of consistent data, and data privacy concerns are some important factors that are likely to restrain the market during the projection period.

Regional Existence of the Asia Pacific Healthcare Interoperability Solutions Market

Asia Pacific healthcare data interoperability market will observe more than 9.5% CAGR over the analysis period. Growing medical tourism in the region, surging demand for quality healthcare and increasing government expenditure on healthcare facilities are the important factors driving regional growth. Large patient pool in highly populous nations such as China and India generate a large amount of patient data every year, thus creating a need for efficient data transfer among hospitals and pharmacies. Aforementioned circumstances will boost the regional market growth during the forecast period.

Some of the promising companies leading the Asia Pacific Healthcare Interoperability Solutions Market

• Allscripts Healthcare Solutions, Inc.
• Koninklijke Philips NV
• Jitterbit
• Intersystems Corporation
• Cerner Corporation
• Orion Health Group Limited
• Nextgen Healthcare, Inc.
• Infor, Inc.
• EPIC Systems Corporation
• Interfaceware Inc.
• Visolve Inc.
• OSP Labs

This research report includes following segmentation for the Asia Pacific Healthcare Interoperability Solutions Market size and forecast 2024

Asia Pacific Healthcare Interoperability Solutions Market - By Type

• Software
• Services

Asia Pacific Healthcare Interoperability Solutions Market - By Software Type

• Lab System Interoperability Solutions
• EHR Interoperability Solutions
• Imaging System Interoperability Solutions
• Enterprise Interoperability Solutions
• HIE Interoperability Solutions
• Other Interoperability Solutions

Asia Pacific Healthcare Interoperability Solutions Market – By End User

• Hospitals
• Clinics
• Diagnostic and Imaging Centers
• Pharmacy

Asia Pacific Healthcare Interoperability Solutions Market – By Region

• China
• India
• Japan
• South Korea