Latin
America Healthcare Interoperability Solutions Market Size and Growth Rate:
The Latin America Healthcare Interoperability
Solutions Market was estimated at USD 2.2 Billion in 2019 and is forecasted to
reach USD 4.1 Billion by 2024, expanding at a CAGR of 11.6% from 2019 to 2024.
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Latin
America Healthcare Interoperability Solutions Market Overview:
The increasing focus on patient-centric care
delivery, increasing need to curb healthcare expenses, government initiatives
for improving patient care and safety, and government funding for healthcare interoperability
are the main growth factors for this market. The increasing improvements in
healthcare infrastructure are anticipated to offer significant growth
possibilities for players in this regional market. However, lack of trained
healthcare IT professionals, rising complexity with a lack of consistent data,
and data privacy concerns are some of the primary market challenges.
Latin
America Healthcare Interoperability Solutions Market Growth
Drivers and Restraints:
Healthcare systems are attempting to leverage
their investment in electronic health record (EHR) systems by combining them with
other critical technology. Through this arises the need for healthcare
interoperability solutions. Healthcare interoperability solutions are practiced
in order to defeat the complexity of healthcare domain, these solutions allow
data participating and re-uses among disparate healthcare applications and
devices include the reduction of healthcare expenses and the increase in the
quality of care.
The EHR interoperability solutions segment is
anticipated to hold the highest share of the market. The growing number of
initiatives to improve the quality of care delivered to patients and the
increasing need to improve the profitability of healthcare operations and
curtail healthcare prices are factors contributing for the larger share of this
segment.
Latin
America Healthcare Interoperability Solutions Market Geographical Segmentation:
The healthcare interoperability solutions
market in the Latin America region is anticipated to account for the largest
market share of the global market in 2019. The growing demand for quality
healthcare delivery, the need to curb rising healthcare expenditure, and the
implementation of favorable initiatives & regulations to increase the
overall efficiency of healthcare organizations in the region are circumstances
driving the selection of healthcare interoperability solutions in Latin
America.
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With marked geographical presence and certain
brand value, Cerner is one of the important players in the healthcare
interoperability solutions market. The company has a strong product portfolio
and an extensive distribution network across important markets. Cerner’s
solutions are deployed through care organizations, home health agencies, blood
banks, hospitals, medical centers, free-standing reference laboratories,
imaging centers, pharmacies, employers, governments, pharmaceutical
manufacturers, and public health organizations. Cerner focuses on more
strengthening its offerings through acquisitions and merchandise launches.
Key Players
of the Latin America Healthcare Interoperability Solutions Market :
The leading players in the market are
Allscripts Healthcare Solutions, Inc.,Cerner Corporation, Infor, Inc.,
Koninklijke Philips NV, Orion Health Group Limited, InterSystems Corporation,
iNTERFACEWARE, Epic Systems Corporation, ViSolve, Inc., Quality Systems, Inc.,
OSP Labs, and Jitterbit.
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