Infor, Inc. and Cerner Corporation Lead the Global Healthcare Integration Market
The global healthcare IT integration market is expected to reach USD 3.73 Billion by 2021 from USD 2.30 Billion in 2016, at a CAGR of 10.2% from 2016 to 2021.
(EMAILWIRE.COM, July 25, 2018 ) The global healthcare IT integration market is consolidated, with the top 8 to 10 players holding a market share of nearly 70% in 2015. A majority of the leading players in this market are based in the developed countries across North America and Europe.
Infor, Inc. (U.S.), Cerner Corporation (U.S.), Quality Systems, Inc. (U.S.), and InterSystems Corporation (U.S.) are the major players in the global healthcare IT integration market. Infor, Inc. dominated the global healthcare IT integration market in 2015. With a strong presence in more than 200 countries, the company offers the Cloverleaf Integration engine that facilitates the movement of secure data through disparate systems within and outside a healthcare enterprise. Moreover, this engine delivers native support for a broad selection of healthcare standards, including HL7, NCPDP, and X12, among others. The company is expected to sustain its leading market position in the coming years owing to its strong footprint in the global market, which enables it to establish a strong distribution channel for integration products.
Cerner Corporation was the second-largest player in this market in 2015. The company recently acquired Siemens Healthcare (Germany), one of the leading interface engine (OPENLink) manufacturers. The leading position of the company in this market can be attributed to its strong distribution network, which has enabled the installation of its interface engine in many healthcare provider facilities across the globe.
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The key strategies adopted by players in the global healthcare IT integration market are agreements and collaborations, new product launches, product upgrades, acquisitions, and expansions. A majority of the top players have adopted agreements and collaborations as their key growth strategy, followed by new product launches.
Related Reports:
Healthcare Integration Market by Product (Interface Engine, Medical Device Integration, Media Integration), by Service (Implementation, Support, Training), by Application (Hospital, Laboratory, Radiology, Clinics) - Global Forecast to 2021
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