Healthcare Data Interoperability: Opportunities & Forecast to 2028 – Moving Towards Semantic Interoperability – ResearchAndMarkets.com
The “Global Healthcare Data Interoperability Forecast to 2028” report is now available on ResearchAndMarkets.com.
Interoperability in Healthcare: Trends, Challenges, and Opportunities
Interoperability in healthcare refers to the seamless exchange of data among various systems and applications, facilitating efficient use of incoming data. This study delves into the global healthcare data market, providing insights into growth opportunities, regulatory advancements, and emerging technical capabilities. Key trends impacting the market, including the current state of data interoperability, post-pandemic market dynamics, growth drivers, and barriers, are analyzed. Moreover, leading vendors and new entrants in this space are profiled.
While semantic interoperability remains the ultimate goal, current interoperability is predominantly achieved through application program interfaces (APIs). The Fast Healthcare Interoperability Resources (FHIR) standard, promoted by regulatory bodies like the US Department of Health and Human Services, serves as a foundational framework for data exchange, albeit with limitations in handling unstructured data.
Recognizing the imperative of interoperability, healthcare stakeholders are investing in digital infrastructure to facilitate cross-continuum patient information exchange and evidence-based care. Regulatory agencies advocate for interoperability among health IT vendors to drive standardized and collaborative digital healthcare approaches. Overcoming financial and technological hurdles is essential to realize these goals.
The market is driven by robust growth in data integration and enterprise data exchange segments, with the enterprise master patient index segment expected to witness the fastest growth. The United States and Europe lead in revenue share, with Asia-Pacific catching up gradually. Key growth opportunities include enterprise master patient index adoption, leveraging generative AI for interoperability initiatives, optimizing digital front doors, and integrating data from personal devices into EHR systems.
Technological advancements, particularly in dynamic AI, will accelerate data conversion and interpretation, while joint efforts among policymakers and decision-making stakeholders will drive interoperability market growth. Companies such as InterSystems, Optum, Oracle, and Salesforce play pivotal roles in advancing interoperability initiatives globally.
Overall, this study offers comprehensive insights into the evolving landscape of healthcare data interoperability, highlighting growth opportunities, regulatory mandates, and the competitive environment shaping the industry’s future.
