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Healthcare Data Interoperability Market size was valued at over USD 5.5 billion in 2022 and is poised to grow at over 13% CAGR through 2023 - 2032. Driven by rising global healthcare expenditure.
Surging healthcare investments across both developed and developing economies have helped many healthcare organizations afford advanced interoperability software for effective management of healthcare data. As per Centers for Medicare & Medicaid Services, in 2021, U.S. healthcare spending grew by 2.7%, hitting USD 4.3 trillion, which accounts for 18.3% of the country’s GDP.
Diagnosis segment is slated to record a valuation of over USD 9.9 billion by 2032, on account of increasing number of people undergoing diagnosis.
Healthcare data interoperability market was valued at over USD 5.5 billion in 2022 and is expected to grow at over 13% CAGR from 2023 to 2032, driven by surging healthcare expenditures across the globe.
North America healthcare data interoperability industry held over 44% of the overall market share in 2022, driven by rising investments towards the digitalization of healthcare in the region.
The list of prominent healthcare data interoperability market players includes names such as Medicity, Oracle, Smith Medical, Optum Insights, Koninklijke Philips N.V., Cerner Corporation, and Edifecs, among others.