At a compound annual growth rate of 13.1 %, the size of the worldwide healthcare interoperability market is projected to reach USD 5.8 Billion in 2030.

Interoperability is the ability to communicate, to exchange data accurately, effectively and consistently, by using different communication and information technology systems and various software applications. Interoperability in healthcare can be examined in various classes such as the interoperability of electronic healthcare records (EHRs), information transferred between various healthcare applications, coding terms, healthcare business processes, clinical guidelines and interoperability of patient identifiers. The ICTs in the healthcare industry helps to generate a huge amount of information relating to treatment and health management of a patient, testing, diagnosis, monitoring, asset-management of healthcare resources and billing for health services.

Healthcare interoperability has several benefits for patients, clinical research, and evidence-based therapy. Interoperability helps in collection of more relevant data about the observed disease pattern and gives accurate treatment to the patient. Electronic health record helps to examine the patient’s health history, which further helps to prevent harm to patient health. Healthcare professionals need to exchange information, such as laboratory tests, x-rays, clinical notes, diagnostic imaging reports, treatment, and bills. However, these information may be heterogeneous in semantics, schema, terminologies, data formats, data types, and data constraints. This heterogeneity often results in severe data interoperability problems. However, there are various solutions have been proposed to achieve total interoperability in healthcare with a degree of success. This includes the use of web services, interface engines & ontologies, standards, and healthcare service bus

Interoperability can be achieved by various methods such as direct, Fast Healthcare Interoperability (FHIR) and cloud fax. The direct method is a type of email exchange service that is operated through, health internet service provider (HISP). Fast healthcare interoperability (FHIR) is the most renowned health IT standard. It is a specification for exchanging administrative and clinical data in the form of XML, JSON, HTTP, among others. Cloud fax is widely used for all medical communication. According to the American Medical Association, majority of health professionals use the fax as the primary method of communication. Cloud fax method relies on the internet service to receive and send any faxes.

Semantic Interoperability segment

Semantic interoperability is the ability of two or more computer systems to exchange information, which can be automatically interpreted by the receiving system accurately to produce useful results to the end-users of both systems. It includes the number of healthcare initiatives such as population health management, quality improvement program and data warehousing. It also plays a vital role in emerging healthcare organizations and models including, health information exchanges, Patient-Centered Medical Homes and Accountable Care Organization.

Hospitals End User segment to Remain Most Prominent

Based on the end-user segment, the healthcare interoperability market is segmented into health professionals, hospitals, public health agencies, diagnostic & imaging centers, and pharmacies. Among these, hospital end-user segment is likely to dominate the market due to the presence of a large number of hospitals across the world owing to increasing number of patients worldwide. Healthcare interoperability helps to reduce the healthcare cost, and maintain the healthcare records. Also, fewer medical errors occur, and in healthcare industry medical errors may cause the death of the patients. In this case, healthcare interoperability helps in patient safety and services provided to the patient.

North America holds the largest market share, followed by APAC

Based on the regional segment, the healthcare interoperability market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the largest market and expected to remain the same over the forecast period due to the increasing expenditure in the healthcare information technology and rising demand for various healthcare services. In addition, favorable government rules and regulations and initiatives to the health organization further drives the healthcare interoperability market globally.

Asia Pacific is expected to be the fastest-growing regional market owing to patient-centric delivery, aging population, improving patient care and safety, and government funding boosting the growth of the global healthcare interoperability market.

Key Market Players

• Allscripts Healthcare Solutions, Inc.
• InterSystems Corporation
• Infor, Inc.
• Koninklijke Philips NV
• OSP Labs
• Epic Systems Corporation
• Orion Health Group Limited
• INTERFACEWARE Inc.
• Cerner Corporation
• Quality Systems, Inc.
• Jitterbit
• ViSolve, Inc.

healthcare interoperability market Scope

Segmentation by Interoperability levels: Global Healthcare Interoperability Market

• Foundational Interoperability

• Structural Interoperability
• Semantic Interoperability

Segmentation by End-User: Global Healthcare Interoperability Market

• Health Professionals
• Hospitals
• Public Health Agencies
• Diagnostic and Imaging Centers
• Pharmacies

Regional Segmentation: Global Healthcare Interoperability Market

• • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Central and South America
    • Mexico

• • • Brazil
    • Rest of Central and South America
  • Middle East & Africa
    • GCC
    • Rest of Middle East & Africa

Key Market Movements

• Adoption of artificial intelligence and internet of things in healthcare industry drive the growth of the global healthcare interoperability market
• Enhanced patient engagement and care pathway management, to further contribute the growth
• Cost-effective solutions for healthcare interoperability and increasing investment healthcare IT gaining tremendous momentum in the coming years, thus offering amplifying growth prospect in global healthcare interoperability market

Key Questions Answered

• Market valuation in terms of value of the global healthcare interoperability market through the forecast span, 2019-25
• Comprehensive market evaluation across major regions based on market segmentation
• A thorough rundown on market dynamics such as drivers, threats, challenges, and opportunities
• A clear analytical review of competition spectrum, highlighting industry forerunners, company as well as product portfolios
• Major highlights on winning marketing strategies adopted by leading players