Healthcare Middleware Market Size is valued at USD 2.99 Billion in 2022 and is predicted to reach USD 6.76 Billion by the year 2031 at a 9.66% CAGR during the forecast period for 2023-2031.
Healthcare middleware is a collection of software technologies that serve as an intermediary between various healthcare applications and systems, streamlining communication and data interchange between them. Middleware is essential for the integration of various healthcare IT systems, enabling them to function together.
The healthcare middleware market is expanding rapidly due to factors such as the usage of modern technologies and big data in the management of healthcare systems, as well as the global development of healthcare infrastructure. Furthermore, increased government healthcare investments, as well as healthcare providers' adoption of applications and cloud-based services for better patient health monitoring, are driving up demand for middleware systems in healthcare.
However, with the decline in demand for orthopaedic and general surgery apparatus, manufacturers and suppliers of medical equipment are facing an urgent rise in demand for products needed to combat the pandemic. They are under pressure to create flexible capacity to supply urgently needed equipment, disrupting the supply chain in healthcare facilities.
Competitive Landscape
Some Major Key Players In The Healthcare Middleware Market:
- Corepoint Health (US)
- Cerner Corporation (US)
- Epic Systems Corporation (US)
- Fujitsu (Japan)
- IBM Corporation (US)
- InterSystems Corporation (US)
- Oracle Corporation (US)
- Microsoft Corporation (US)
- Orion Health (New Zealand)
- Red Hat (US)
- Software AG (Germany)
- TIBCO Software (US)
- Ascom (Switzerland)
- Informatica (US)
- Zoeticx, Inc. (US)
- Allscripts Healthcare Solutions
- McKesson Corporation
- Others
Market Segmentation:
The Healthcare Middleware Market is segmented on the basis of type, deployment model, application, and end-user. Based on type, the market is segmented as communication middleware (Message-oriented Middleware, Multifunction Communication Middleware, Remote Procedure Calls), platform middleware (Application Servers, Web Portals and Servers, Database Middleware), and integration middleware (Enterprise Service Bus, Other Integration Middleware). The deployment mode segment includes on-premises, cloud-based models, and hybrid models. The application segment comprises clinical applications, financial applications, and operational & administrative applications. The end-user segment includes healthcare providers, healthcare payers, life science organizations, and clinical laboratories.
Based On Deployment Model, The Cloud-Based Models Segment Is A Major Contributor To The Healthcare Middleware Market.
The cloud-based models category is expected to hold a major share of the global Healthcare Middleware Market in 2022. Cloud-based solutions are relatively newer approaches that are typically adopted by organizations that lack the necessary internal infrastructure. This software has a cheaper installation cost than on-premise systems. Furthermore, this software eliminates the need for in-house maintenance, which is most certainly the primary cause driving its rising demand. Because of the cloud-based distribution strategy, the programme is incredibly scalable (pay-as-you-go storage utilization).
It streamlines and consolidates storage resources to minimize expenses and improve workflow by eliminating clinical information departmental silos. The growing use of these platforms by hospitals and other healthcare facilities is propelling the industry forward. Cloud-based solutions provide major features such as remote data access, real-time data tracking, and a less complex physical ecosystem.
The Clinical Laboratories Segment Witnessed Growth At A Rapid Rate.
The clinical laboratories segment is projected to grow at a rapid rate in the global Healthcare Middleware Market. The clinical market has a substantial market share. Middleware solutions aid in the automatic validation of clinical data as well as data reanalysis for correct outcomes. These tools can also track laboratory performance measures. These benefits are propelling the adoption of middleware solutions in clinical laboratories.
In The Region, The North America Healthcare Middleware Market Holds A Significant Revenue Share.
The North America Healthcare Middleware Market is predicted to register the maximum market share in revenue in the near future. North America is predicted to have a major proportion of the healthcare middleware market, with the United States dominating the region. The United States possesses a wealth of patient data. Pharmaceutical and biopharmaceutical businesses have accumulated years of research and development data into medical databases in order to analyse this data quickly. At the same time, payers and providers have digitised their patient records during the last decade. The Asia Pacific region is projected to experience the highest growth rate in the global healthcare middleware market in the coming years. The increasing use and integration of big data and big data analytics in the Asia Pacific global healthcare middleware market, as well as regional enterprises' expanding focus on developing countries in the region, are all contributing causes to this development.
Recent Developments:
- In April 2023, The strategic partnership between Microsoft Corp. and Epic was extended in order to facilitate the advancement and integration of generative AI in the healthcare industry. Integrating Epic's industry-leading electronic health record (EHR) software with the scalability and capability of Azure OpenAI Service1 will accomplish this. Through the agreement, the alliance was expanded to include support for enterprises managing Epic environments on the Microsoft Azure cloud platform.
- In Sept 2023, Oracle announced several important improvements to its healthcare products as part of its ongoing effort to create a technological ecosystem that is open and integrated. These updates aim to assist healthcare companies in enhancing patient care, optimizing clinical expertise, and reducing costs. The additions comprised novel cloud-based electronic health record (EHR) functionalities, generative artificial intelligence (AI) services, publicly accessible Application Programming Interfaces (APIs), and improvements to the back office specifically tailored for the healthcare sector.
Healthcare Middleware Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 2.99 Billion |
|
Revenue Forecast In 2031 |
USD 6.76 Billion |
|
Growth Rate CAGR |
CAGR of 9.66% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Deployment Model, By Application, By End-user |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Corepoint Health (US), Cerner Corporation (US), Epic Systems Corporation (US), Fujitsu (Japan), IBM Corporation (US), InterSystems Corporation (US), Oracle Corporation (US), Microsoft Corporation (US), Orion Health (New Zealand), Red Hat (US), Software AG (Germany), TIBCO Software (US), Ascom (Switzerland), Informatica (US), Zoeticx, Inc. (US), Allscripts Healthcare Solutions, McKesson Corporation and Others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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