Healthcare Middleware Market worth $6.76 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

JERSEY CITY, N.J., Dec. 14, 2023 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Healthcare Middleware Market - By Type (Communication Middleware (Message-oriented Middleware, Multifunction Communication Middleware, Remote Procedure Calls), Platform Middleware (Application Servers, Web Portals and Servers, Database Middleware), Integration (Enterprise Service Bus, Other Integration Middleware)), By Deployment Model (On-premise, Cloud-based, Hybrid Models), By Application (Clinical Applications, Financial Applications, Operational and Administrative Applications), By End-user (Healthcare Payers, Healthcare Providers, Life Science Organizations, Clinical Laboratories)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Healthcare Middleware Market is valued at US$ 2.99 Bn in 2022, and it is expected to reach US$ 6.76 Bn by 2031, with a CAGR of 9.66% during the forecast period of 2023-2031.

Healthcare Middleware Market Report Scope

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Middleware is software that delivers services to software applications that operating systems do not provide. Middleware orchestrates the interaction of various applications running on disparate computing systems. Middleware software is an intermediary vital to enterprise application integration (EAI) in complicated domains such as healthcare. EAI is critical for healthcare organizations because it allows apps with diverse functions to communicate and share data.

 The healthcare middleware market is critical to modernizing and optimizing the digital landscape of the healthcare business. Healthcare middleware allows seamless data interchange and communication by acting as a bridge between numerous dissimilar systems, devices, and applications. This is critical for improving interoperability between electronic health record (EHR) systems, medical devices, clinical applications, and administrative platforms. Moreover, an increase in investments aimed at resolving data interoperability difficulties in the healthcare industry, as well as an increase in demand for data interoperability across the different platforms utilized in smart healthcare, are additional major considerations for the global healthcare middleware market.

List of Prominent 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 Dynamics:

Drivers- 

The increased integration of electronic devices in the healthcare system, such as mobile phones and laptop computers, is driving the rise of healthcare applications in the healthcare middleware market. Other factors driving demand for healthcare middleware include the necessity for data interoperability, an increase in the use of big data, and a significant increase in healthcare investments.

Furthermore, increased demand for middleware solutions for clinical data auto-verification and reanalyzing data correctness boosts demand for healthcare middleware. Moreover, some of the biggest businesses in this industry have taken the lead while attempting to establish their market through innovative marketing methods.

Challenges:

The healthcare industry's huge network of advanced technologies and medical equipment comprises a significant number of hospitals, labs, and clinical centres. Every day, these machines and gadgets generate massive amounts of data. It contains a wide variety of data, such as doctor's prescriptions, test results, research findings, and personal medical information. However, the majority of this data is disorganized and disconnected, and it differs greatly between companies. There may be significant variances in data processing and administration even within the same organization.

Regional Trends:

The North America Healthcare Middleware Market is expected to record a major market revenue share, and it is projected to grow at a high CAGR in the near future. The availability of established healthcare IT infrastructure, widespread use of electronic health records systems, and tight interoperability laws (such as the ONC's interoperability rules) are projected to boost demand for middleware solutions. Furthermore, there is a wealth of patient data available in the United States.

Pharmaceutical and biopharmaceutical companies have stored years of research and development data in medical databases for easy access. At the same time, payers and providers have digitised patient information for the past ten years. The healthcare middleware market is further propelled by the region's focus on value-based care and the requirement to integrate data from diverse sources, such as wearable devices and telehealth platforms.

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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. 

Segmentation of Healthcare Middleware Market-

By Type-

• Communication Middleware
  • Message-oriented Middleware
  • Multifunction Communication Middleware
  • Remote Procedure Calls
• Platform Middleware
  • Application Servers
  • Web Portals and Servers
  • Database Middleware
• Integration
  • Enterprise Service Bus
  • Other Integration Middleware

By Deployment Model-

• On-premises
• Cloud-based
• Hybrid Models

By Application-

• Clinical Applications
• Financial Applications
• Operational and Administrative Applications

By End-user-

• Healthcare Payers
• Healthcare Providers
• Life Science Organizations
• Clinical Laboratories

By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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Why should buy this report:

• To receive a comprehensive analysis of the prospects for the global Healthcare Middleware market
• To receive an industry overview and future trends in the global Healthcare Middleware market
• To analyze the Healthcare Middleware market drivers and challenges
• To get information on the Healthcare Middleware market size value (US$ Mn) forecast till 2031
• Major Investments, Mergers & Acquisitions in the global Healthcare Middleware market industry

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