Research and Markets has released a new report called "Healthcare Integration Market - Global Forecast to 2021."
Here are four things to know:
1. The global healthcare integration market is estimated to reach $3.73 billion by 2021, growing at a compound annual growth rate of 10.2 percent during the forecast period of 2016 to 2021.
2. The growth in this market is driven by rising healthcare costs, strong government support and initiatives to curtail rising healthcare costs as well as the growing need to integrate healthcare systems and efforts from healthcare providers to maximize their returns on investments.
3. Some of the challenges facing greater adoption of integration tools within the healthcare industry are various interoperability issues, a fragmented end-users market and the high cost of implementation.
4. While the Asia-Pacific region represents the fastest-growing market for healthcare IT integration products, North America and Europe are expected to witness a healthy growth rate in the coming years owing to the rising geriatric population, increasing government funding and initiatives and presence of major companies in these regions.