Health Information Exchange Market Is Projected To Reach $2.2 Billion By 2024: Grand View Research, Inc.
The global healthcare information exchange (HIE) market is
expected to reach USD 2.21 billion by 2024, according to a new report by Grand
View Research, Inc. The increasing need for greater access to patient health
information is a potent driver of the health information exchange market.
Additionally, the increasing awareness pertaining to the health information
exchange owing to the presence of government and non-profit organizations, such
as Healthcare Information and Management Systems Society (HIMSS),is the major
factor expected to drive the growth of the aforementioned industry over the
forecast period.
Furthermore, the increasing focus towards advanced
healthcare solutions along with the increased provision of funds from
government organizations to expand healthcare information systems is expected
to increase the adoption of HIE systems in the near future. For example, the
presence of the Agency for Healthcare Research and Quality (AHRQ), which is
instrumental in providing funds pertinent to HIE implementation in the U.S.
Browse full research report on Health Information
Exchange Markethttp://www.grandviewresearch.com/industry-analysis/health-information-exchange-hie-market
Further key findings from the study suggest:
- The
private health information exchange segment dominated the setup type
segment with respect to the revenue share of over 52.0% in 2015. This dominance
is attributed to presence of larger number of service providers and higher
cost efficiency in the above-mentioned segment.
- Under
the category of implementation model of health information exchange, the
hybrid model segment is anticipated to grow at a lucrative rate due to the
associated benefits, such as improved patient care delivery and enhanced
operational efficiency of the practices
- Kentucky
HIE is a hybrid model implemented with an objective to provide patient
information related to chronic disease management and preventive health
via messaging, alerts, and other communication tools. Kentucky HIE also
connects to the National Health Information Network (NHIN) and enables
interoperability across various health systems.
- On the
basis of solution type, the platform-centric segment is expected to grow
at a rapid growth rate in 2015. This can be attributed to the benefits
associated with platform-centric solutions, such as storage of colossal
amounts of data and facilitated health information exchange, thus the
implied demand for the products in the HIE market.
- In
terms of applications, the internal interfacing segment is the fastest
growing segment. The increasing need to connect with a larger number of
patients through the use of patient engagement tools and internal
interfacing is presumed to propel the demand for the health information
exchange market.
- As of
2015, North America dominated the health information exchange market at
over 45.0% owing to the presence of vast number of companies, supportive
reimbursement policies, and the increasing implementation of EHR
- Asia
Pacific is expected to grow rapidly at a CAGR of over 10.5% during the
forecast period due to the rising disposable income levels, the increased
awareness levels amongst healthcare practitioners regarding the healthcare
information exchange systems, the presence of outsourced HIE service
providers, and the rising investments in the healthcare industry by the
major players
- Some
key players in this sector are GE Healthcare, eClinicalWorks, Siemens AG,
Orion Health, Inc., Medicity, Inc., IBM Corporation, CareEvolution, Inc.,
Cerner Corporation, RelayHealth Corporation, and Allscripts Healthcare
Solutions, Inc.
- The
industry players are involved in strategic collaborations and mergers
& acquisitions. The participants are striving to gain market
penetration via offering end-to-end customized services to the potential
consumers. For instance, in March 2016, Allscripts Healthcare Solutions,
Inc. and AssistRX, Inc. entered into a partnership agreement to develop
technologically advanced HIE solutions with enhanced speed and efficiency
in prescribing specialty medications in the U.S.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the health information
exchange market on the basis of setup type, implementation model, solution
type, application, and region:
Global health information exchange setup type
outlook (Revenue, USD Million, 2013- 2024)
- Private
HIE
- Public
HIE
Global health information exchange implementation model
outlook (Revenue, USD Million, 2013 - 2024)
- Centralized
- Decentralized
- Hybrid
Global health information exchange solution type outlook
(Revenue, USD Million, 2013 - 2024)
- Portal-Centric
- Platform-Centric
- Messaging-Centric
Global health information exchange application
outlook (Revenue, USD Million, 2013 - 2024)
- Web
Portal Development
- Internal
Interfacing
- Workflow
Management
- Others
Health information exchange regional outlook (Revenue,
USD Million, 2013 - 2024)
- North
America
- U.S
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-health-information-exchange-hie-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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