According to a new market research report published by Credence Research Healthcare IT Systems Interoperability Market (End User Hospitals, Ambulatory Care Centers, Long-term Care Centers and Others) Market - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2024, the global healthcare IT systems interoperability market stood at US$ 1.9 Bn in 2015 and is estimated to expand with a CAGR of 7.4% from 2016 to 2024.

The complete report is available at http://www.credenceresearch.com/report/healthcare-it-systems-interoperability-market

Market Insights

The healthcare IT systems interoperability market is majorly driven by increasing need to lower healthcare costs in the developed countries in the North America and Europe regions. In addition, with growing maturity and awareness among the patients, it has become imperative for healthcare providers to ensure continuity of care and seamless exchange of healthcare information between various stakeholders in the healthcare industry.

Factors such as need for effective deployment of healthcare IT systems and meaningful use of medical information have compelled hospital systems in the U.S. to achieve interoperability within healthcare facilities. With free moving population in Europe, healthcare organizations have been working closely with various government bodies to ensure effective collection and exchange of medical information. Healthcare interoperability has been particularly effective in various small-sized countries such as New Zealand, Singapore, and South Korea, among others. Thereby, the overall healthcare IT systems interoperability market is expected to witness sustainable growth across the world.

Some of the factors restraining the growth in healthcare IT systems interoperability market included high costs and complexity. Despite constant efforts towards the development of effective healthcare applications, the market is yet to witness a robust framework for the exchange and use of the medical information. In addition, lack of government support and initiatives in most of the developing countries has stalled the adoption of interoperability platforms in the healthcare systems.

Competitive Insights:

The healthcare IT systems interoperability market is intensely competitive in the developed markets across the world. Companies have been increasingly focusing on developing innovative applications to make better use of the collected medical information in order to enable healthcare providers to deliver effective healthcare services. In addition, healthcare IT systems interoperability providers seek to work closely with various healthcare IT systems providers to ensure seamless exchange of information within healthcare facilities.

Key Trends:

• Consolidation in the overall healthcare IT market in the developed countries resulting in a shift from multi-vendor to a single vendor environment
• Increasing maturity of the overall healthcare IT infrastructure in developing countries driving the demand for interoperability
• Information security has been identified as the most critical aspect in medical information exchange
• Rise in research and development of innovative healthcare applications making effective use of medical information collected from various healthcare IT systems.

The complete report is available at http://www.credenceresearch.com/report/healthcare-it-systems-interoperability-market

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Health information technology (HIT) is "the application of information processing involving both computer hardware and software that deals with the storage, retrieval, sharing, and use of health care information, health data, and knowledge for communication and decision making".[8] Technology is a broad concept that deals with a species' usage and knowledge of tools and crafts, and how it affects a species' ability to control and adapt to its environment. However, a strict definition is elusive; "technology" can refer to material objects of use to humanity, such as machines, hardware or utensils, but can also encompass broader themes, including systems, methods of organization, and techniques. For HIT, technology represents computers and communications attributes that can be networked to build systems for moving health information. Informatics is yet another integral aspect of HIT.

Informatics refers to the science of information, the practice of information processing, and the engineering of information systems. Informatics underlies the academic investigation and practitioner application of computing and communications technology to healthcare, health education, and biomedical research. Health informatics refers to the intersection of information science, computer science, and health care. Health informatics describes the use and sharing of information within the healthcare industry with contributions from computer science, mathematics, and psychology. It deals with the resources, devices, and methods required for optimizing the acquisition, storage, retrieval, and use of information in health and biomedicine. Health informatics tools include not only computers but also clinical guidelines, formal medical terminologies, and information and communication systems. Medical informatics, nursing informatics, public health informatics, pharmacy informatics, and translational bioinformatics are subdisciplines that inform health informatics from different disciplinary perspectives.[9] The processes and people of concern or study are the main variables. Source: Wikipedia

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