Healthcare IT Integration Market projected to reach $11.42 billion by 2030 with 13% CAGR.
From GlobeNewswire.: 2024-07-23 10:00:00
Exactitude Consultancy has released a detailed report on the Healthcare IT Integration Market, projecting a 13% CAGR from 2022 to 2030, with a value of $3.80 billion in 2020 expected to reach $11.42 billion by 2030. This sector focuses on integrating various healthcare applications and systems to streamline patient data exchange for operational efficiency and improved care quality. The market is driven by the demand for interoperability, cutting-edge technologies, and patient-centric care models, with players like Epic Systems, Allscripts, and IBM leading the way. The Chinese government aims to become an AI innovation hub by 2030, with the medical imaging AI market in China predicted to hit $2.5 billion by 2024. South Korea is projected to see its AI healthcare market grow from $44 million in 2019 to $194 million by 2023, with a focus on medical device software. AI solutions have the potential to enhance patient care, automate tasks, and improve clinical decision-making, offering significant benefits to healthcare professionals and patients. Rivia Health secured a $3.25 million funding round to expand its patient payment solution, while Apella partnered with Houston Methodist to integrate its technology in operating rooms, utilizing ambient sensor tech and AI for surgical data insights. ELLKAY recently acquired X-Link Medical Software Interfacing, boosting its medical device data management capabilities. The Healthcare IT Integration Market, valued at $4.12 billion in 2023, is expected to reach $13.4 billion by 2032, boasting a CAGR of 12.4% from 2024 to 2031. Drivers include the increasing demand for electronic health records, telehealth services, and remote patient monitoring. Topical Drug Delivery Market is set to grow at an 8.9% CAGR from 2022 to 2029, projected to reach over $219.10 billion by 2029 from $101.7 billion in 2020. The Global Medical Membrane Market anticipates a CAGR of more than 9.82% from 2021 to 2029, surpassing $6.34 billion by 2029 from just over $2.73 billion in 2020. The Electrophysiology Market is set to achieve a CAGR of 10.31% from 2022 to 2029, reaching over $15.71 billion by 2029 from $6.5 billion in 2020. The Healthcare Cloud Computing Market projects a 17.2% CAGR from 2022 to 2029, aiming to surpass $127.04 billion by 2029 from $26.02 billion in 2020. The Operating Room Equipment & Supplies Market is projected to grow at a 7.5% CAGR from 2022 to 2029, with an expected value of over $51.28 billion by 2029 from $24.88 billion in 2020.
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