The global healthcare middleware market is expected to reach USD 3.07 billion by 2023 from USD 1.90 billion in 2018, at a CAGR of 10.0%. Increasing utilization of smart devices, availability of big data in healthcare, increasing need for data interoperability, and growing investments to overcome healthcare interoperability issues are the key drivers for the global healthcare middleware market.
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The healthcare middleware market is segmented on the basis of type, application, deployment model, end user, and region. By type, the market is segmented into communication middleware, platform middleware, integration middleware, and other middleware. The platform middleware segment is expected to command the largest share of the healthcare middleware market in 2018. Factors such as ease of deployment and use, easy interoperability, data security, portability, and cost-effectiveness are driving the growth of this segment.
On the basis of application, the healthcare middleware market is segmented into clinical, financial, and operational & administrative applications. The clinical applications segment is expected to account for the largest share of the healthcare middleware market and is projected to register the highest CAGR during the forecast period. Middleware solutions help in auto-verification of the clinical data and reanalyzing the data for accurate results. Moreover, these tools have the ability to track laboratory performance metrics. These benefits are fueling the adoption of middleware solutions in clinical laboratories.
On the basis of deployment model, the healthcare middleware market is segmented into on-premise, cloud-based, and hybrid models. In 2018, the on-premise models segment is expected to account for the largest share of the healthcare middleware market. This can majorly be attributed to the fact that on-premise models are more customizable than the other two deployment models.
Based on end user, the healthcare middleware market is segmented into healthcare payers, healthcare providers, life science organizations, and clinical laboratories. In 2018, the healthcare providers segment is expected to command the largest share the healthcare middleware market. Healthcare providers need to exchange and analyze large volumes of healthcare data to make critical decisions that impact individual patients as well as the entire healthcare system. In an effort to improve the quality of care and reduce costs, healthcare providers are increasingly turning to IT-enabled business strategies and analytics. This is expected to drive the adoption of healthcare middleware solutions among healthcare providers.
