According to the research report titled ‘Healthcare Data Interoperability Market Size By Level (Foundational, Structural, Semantic), By Deployment (Cloud-based, On-premise) By Application (Diagnosis, Treatment), By Model (Centralized, Hybrid, Decentralized) By End-users (Ambulatory Surgical Centers, Hospitals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, The Netherlands, Japan, India, China, Australia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025,’ available with MarketStudyReport, global healthcare data interoperability market is slated to garner a valuation of USD 3.5 billion during 2019-2025.

Soaring adoption of EHR (electronic health record) software in healthcare facilities, massive government spending to improve data collection in medical sector, and technological advancements in the IT field are variables contributing to the development of global healthcare data interoperability market.

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Moreover, a global increase in healthcare expenditure, coupled with rising number of hospital admissions are further accelerating the expansion of the business sphere. 

On the contrary, the huge costs involved in the installation of software, combined with a lack of awareness about it in underdeveloped nations are likely to hamper the progress of industry during the forecast period. 

For level type, the semantic vertical is estimated to grow at 9.5% through 2025, owing to its offering of high level of complex data interpretation in a simpler form, along with protected data exchange. 

In terms of deployment type, the on-premises segment retained a 35% share in worldwide healthcare data interoperability market in 2018 and is expected to amass notable returns by the end of review period, given its rising prominence in multi-specialty facilities as it enables quick and easy data exchange between departments. Thus, extensive reliability of such software is adding to the segmental expansion. 

As per application spectrum, the diagnosis vertical is anticipated to record a 9% CAGR during the analysis period, due to the rising prevalence of chronic diseases like cancer & diabetes which prompts the demand for diagnostic tests.

Based on model type, the centralized segment was worth USD 900 million in 2018 and is reckoned to observe remarkable growth during the study period, owing to accurate data repository which allows for quick data-sharing with the authorized personnel. 

Speaking of end-users, the ambulatory surgical centers (ASCs) segment of global healthcare data interoperability industry is projected to record a 9% CAGR during 2019-2025, due to low surgical costs, fast recovery rates, and quicker adoption of technology. 

Concerning regional terrain, Asia Pacific market was worth USD 440 million in 2018 and is poised to register prominent growth during the assessment timeframe, attributed to the regulatory laws in the region which eases the entry for new entrants enabling them to market their presence and benefit the regional dynamics.  

The key players in market are TeleTracking Technologies Inc., Allscripts Healthcare Solutions Inc., Smith Medical Inc., Cerner Corporation, Koninklijke Philips N.V., Ciox Health Inc., Oracle Corporation, Edifecs Technologies Pvt. Ltd., Optum Inc., Epic Systems Corporation, Experian Health, and Medicity among others.