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.
In depth research report
on 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.
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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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