Market Research Report
Global Health Information Exchange Market Size study, By Setup Type, By Implementation Model, By Type, By Application, By Solution, By End User, and Regional Forecasts 2022-2028
|Global Health Information Exchange Market Size study, By Setup Type, By Implementation Model, By Type, By Application, By Solution, By End User, and Regional Forecasts 2022-2028|
Published: February 15, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Health Information Exchange (HIE) Market is valued approximately USD 1.23 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2022-2028.
Health information exchange is the electronic mobilization of health care information across organizations within a hospital or community system or country. Associates in data exchange are collectively known as Health Information Networks along with health information organization (HIO) that sponsors the data exchange is generally called as an HIE in practice. HIE facilitates the electronic transfer of medical data with numerous healthcare information systems to offer high recovery and accessibility of information. Additionally, this data also aids public health agencies in analyzing community health. The rising number of initiatives by governments for improving patient safety and care, growing focus on patient-centric care delivery, and adoption of EMR solutions, coupled with the increased funding for healthcare interoperability are the primary factors that may surge the market demand across the globe. For instance, Change Healthcare introduced its countrywide new cloud-based interoperability solution- Clinical Data Retrieval Solution in 2021. This novel solution will help financiers to retrieve patient records from the electronic health record (EHR) systems fast and efficient way. However, the unavailability of true interoperability solutions and the increasing adoption of outdated legacy systems impedes the growth of the market over the forecast period of 2022-2028. Also, improving healthcare infrastructure in emerging markets is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the Global Health Information Exchange (HIE) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing awareness regarding the availability of HIE systems, the presence of non-profit organizations, and leading market players such as IBM Corporation and Medicity, Inc. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing population subsequent to chronic diseases, the introduction of various government initiatives, and increasing spendings on healthcare development would create lucrative growth prospects for the Health Information Exchange (HIE) market across the Asia-Pacific region.
Major market players included in this report are:
Orion Health, Inc.
Allscripts Healthcare Solutions, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Setup Type
By Implementation Model
Decentralized/Federated Models Gastrointestinal Surgeries
Web Portal Development
By End User
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Health Information Exchange (HIE) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures