Market Research Report

Product code

1026114

North America Health Information Exchange Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Set Up, Type, Implementation Model, Application, End User, and Deployment

Published: July 7, 2021 |

The Insight Partners | 155 Pages | Delivery time: 1-2 business days

Price

Description
Table of Contents
List of Tables

Add to Compare

The North America health information exchange market is expected to reach US$ 1,439.25 million by 2028 from US$ 665.03 million in 2021; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028. The growth of the market is attributed to some key driving factors such as government support for adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization across North America. However, the data security and privacy concerns are hampering the growth of the market.

The rapid growth of health information technology has led to the increase in exchange of patient medical information through electronic health records (EHRs). The systems can collect patient information as well as share the information with other healthcare professionals involved in the patient's care. The governments, healthcare authorities, and market players are actively supporting the adoption of EHR systems to streamline the process of healthcare activities. Moreover, the systems enable efficient data gathering and exchange, allowing healthcare professionals to enhance the quality of the treatment. According to a data published on NCBI, in 2015, around 91.0% of the Canadians had their data registered on EHRs, and an estimated 91,000 physicians were using EHR systems for day-to-day work. Moreover, according to a survey conducted by Canadian Medical Association in 2017, around 85.0% of the physicians in the country were using EMR systems. Such government initiatives are expected to drive the adoption of EHR systems, which will eventually propel the growth of the health information exchange market by 2028. Also, growing emphasis of healthcare cost optimization by the implementation of certain strategies, such as adoption of cloud-based solutions and cutting of hidden fees can provide substantial cost benefits. Such advantages offered by health information exchange are likely to accelerate the growth of health information exchange market during the forecast period.

The North America is adversely affected due to the exponential increase of COVID-19 cases in the region. Due to the increasing patient volumes, the demand for EMR and EHR platforms to handle complex patient data has grown. As a result, hospitals are progressively focusing on building their capabilities by integrating various hospital systems with EHRs. Players operating in this market have also integrated their EHR platforms with telehealth solutions and upgraded their software solutions to help healthcare providers manage COVID-19 patients effectively. Similarly, in Canada, several government agencies are working towards the management of COVID using HIE and EHR platforms with telehealth solutions and upgraded their software solutions. Hence it has positively impacted the market growth.

Based on the set up, the North America health information exchange market was segmented into public and private. In 2020, the private segment held the largest share of the market and is expected to grow at the fastest rate during the coming years.

The North America health information exchange market, by type, is segmented into query-based, direct mediated, and consumer mediated. The direct mediated segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

The North America health information exchange market, by implementation model, is segmented into hybrid, centralized, and decentralized. The hybrid segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

The North America health information exchange market, by application, is segmented into internal interfacing, web portal development, workflow management and other applications. The web portal development segment held the largest share of the market in 2020, whereas the internal interfacing segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on end user, the North America health information exchange is segmented into healthcare providers, healthcare payers, and pharmacies. The healthcare providers segment held the largest share of the market in 2020 and is estimated to register the highest CAGR in the market during the forecast period.

The North America health information exchange market, by deployment, is segmented into on-premises and cloud based. The on-premise segment held a larger share of the market in 2020 and is anticipated to register a higher CAGR in the market during the forecast period.

A few of the primary and secondary sources associated with this report on the North America health information exchange market are the Centers for Medicare & Medicaid Services (CMS), United Services Automobile Association (USAA) and Pharmaceutical Research and Manufacturers of America (PhRMA).

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America health information exchange market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America health information exchange market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: TIPRE00023514

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 North America Health Information Exchange Market - By Set Up
- 1.3.2 North America Health Information Exchange Market - By Type
- 1.3.3 North America Health Information Exchange Market - By Implementation Model
- 1.3.4 North America Health Information Exchange Market - By Application
- 1.3.5 North America Health Information Exchange Market - By End User
- 1.3.6 North America Health Information Exchange Market - By Deployment
- 1.3.7 North America Health Information Exchange Market - By Country

2. Health Information Exchange Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Health Information Exchange Market- Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 Health Information Exchange Market in North America: PEST Analysis
4.3 Expert Opinions

5. Health Information Exchange Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Government Support for Adoption of EMR/EHR Systems
- 5.1.2 Growing Emphasis on Healthcare Cost Optimization
5.2 Market Restraints
- 5.2.1 Data Security and Privacy Concerns
5.3 Future Trends
- 5.3.1 Next Generation HIE with the Help of Artificial Intelligence and Voice Recognition
5.4 Impact Analysis

6. Health Information Exchange Market - North America Analysis

6.1 North America Health Information Exchange Market Revenue Forecast and Analysis

7. Health Information Exchange Market Analysis - By Set Up

7.1 Overview
7.2 Health Information Exchange Market, by Set Up 2020 & 2028 (%)
7.3 Public
- 7.3.1 Overview
- 7.3.2 Public: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Private
- 7.4.1 Overview
- 7.4.2 Private: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)

8. Health Information Exchange Market Analysis - By Type

8.1 Overview
8.2 Health Information Exchange Market Revenue Share, by Type (2020 and 2028)
8.3 Query-Based
- 8.3.1 Overview
- 8.3.2 Query-Based: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Direct Mediated
- 8.4.1 Overview
- 8.4.2 Direct Mediated: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Consumer Mediated
- 8.5.1 Overview
- 8.5.2 Consumer Mediated: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)

9. Health Information Exchange Market Analysis - By Implementation Model

9.1 Overview
9.2 Health Information Exchange Market Revenue Share, by Implementation Model (2020 and 2028)
9.3 Centralized
- 9.3.1 Overview
- 9.3.2 Centralized: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Decentralized
- 9.4.1 Overview
- 9.4.2 Decentralized: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Hybrid
- 9.5.1 Overview
- 9.5.2 Hybrid: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)

10. Health Information Exchange Market Analysis - By Application

10.1 Overview
10.2 Health Information Exchange Market Revenue Share, by Application (2020 and 2028)
10.3 Workflow Management
- 10.3.1 Overview
- 10.3.2 Workflow Management: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Internal Interfacing
- 10.4.1 Overview
- 10.4.2 Internal Interfacing: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Web Portal Development
- 10.5.1 Overview
- 10.5.2 Web Portal Development: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
10.6 Other Application
- 10.6.1 Overview
- 10.6.2 Other Application: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)

11. Health Information Exchange Analysis - By End User

11.1 Overview
11.2 Health Information Exchange Share, by End User, 2020 and 2028, (%)
11.3 Healthcare Providers
- 11.3.1 Overview
- 11.3.2 Healthcare Providers: Health Information Exchange - Revenue and Forecast to 2028 (US$ Million)
11.4 Healthcare Payers
- 11.4.1 Overview
- 11.4.2 Healthcare Payers: Health Information Exchange - Revenue and Forecast to 2028 (US$ Million)
11.5 Pharmacies
- 11.5.1 Overview
- 11.5.2 Pharmacies: Health Information Exchange - Revenue and Forecast to 2028 (US$ Million)

12. Health Information Exchange Market Analysis - By Deployment

12.1 Overview
12.2 Health Information Exchange Market Revenue Share, by Deployment (2020 and 2028)
12.3 On-Premise
- 12.3.1 Overview
- 12.3.2 On-Premise: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
12.4 Cloud Based
- 12.4.1 Overview
- 12.4.2 Cloud Based: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)

13. Health Information Exchange Market - North America Analysis

13.1 North America: Health Information Exchange Market
- 13.1.1 Overview
- 13.1.2 North America: Health Information Exchange Market, by Country, 2020 & 2028 (%)
  - 13.1.2.1 US: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
    - 13.1.2.1.1 US: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
    - 13.1.2.1.2 US: Health Information Exchange Market, by Set up, 2019-2028 (USD Million)
    - 13.1.2.1.3 US: Health Information Exchange Market, by Type, 2019-2028 (USD Million)
    - 13.1.2.1.4 US: Health Information Exchange Market, by Implementation Model, 2019-2028 (USD Million)
    - 13.1.2.1.5 US: Health Information Exchange Market, by Application, 2019-2028 (USD Million)
    - 13.1.2.1.6 US: Health Information Exchange Market, by End User, 2019-2028 (USD Million)
    - 13.1.2.1.7 US: Health Information Exchange Market, by Deployment, 2019-2028 (USD Million)
  - 13.1.2.2 Canada: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
    - 13.1.2.2.1 Canada: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
    - 13.1.2.2.2 Canada: Health Information Exchange Market, by Set up, 2019-2028 (USD Million)
    - 13.1.2.2.3 Canada: Health Information Exchange Market, by Type, 2019-2028 (USD Million)
    - 13.1.2.2.4 Canada: Health Information Exchange Market, by Implementation Model, 2019-2028 (USD Million)
    - 13.1.2.2.5 Canada: Health Information Exchange Market, by Application, 2019-2028 (USD Million)
    - 13.1.2.2.6 Canada: Health Information Exchange Market, by End User, 2019-2028 (USD Million)
    - 13.1.2.2.7 Canada: Health Information Exchange Market, by Deployment, 2019-2028 (USD Million)
  - 13.1.2.3 Mexico: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
    - 13.1.2.3.1 Mexico: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
    - 13.1.2.3.2 Mexico: Health Information Exchange Market, by Set up, 2019-2028 (USD Million)
    - 13.1.2.3.3 Mexico: Health Information Exchange Market, by Type, 2019-2028 (USD Million)
    - 13.1.2.3.4 Mexico: Health Information Exchange Market, by Implementation Model, 2019-2028 (USD Million)
    - 13.1.2.3.5 Mexico: Health Information Exchange Market, by Application, 2019-2028 (USD Million)
    - 13.1.2.3.6 Mexico: Health Information Exchange Market, by End User, 2019-2028 (USD Million)
    - 13.1.2.3.7 Mexico: Health Information Exchange Market, by Deployment, 2019-2028 (USD Million)

14. Impact Of COVID-19 Pandemic on North America Health Information Exchange Market

14.1 North America: Impact Assessment of COVID-19 Pandemic

15. Health Information Exchange Market- Industry Landscape

15.1 Overview
15.2 Organic Developments
- 15.2.1 Overview
15.3 Inorganic Developments
- 15.3.1 Overview

16. Company Profiles

16.1 Health Catalyst, Inc.
- 16.1.1 Key Facts
- 16.1.2 Business Description
- 16.1.3 Products and Services
- 16.1.4 Financial Overview
- 16.1.5 SWOT Analysis
- 16.1.6 Key Developments
16.2 Nextgen Healthcare Information System, LLC
- 16.2.1 Key Facts
- 16.2.2 Business Description
- 16.2.3 Products and Services
- 16.2.4 Financial Overview
- 16.2.5 SWOT Analysis
- 16.2.6 Key Developments
16.3 McKesson Corporation
- 16.3.1 Key Facts
- 16.3.2 Business Description
- 16.3.3 Products and Services
- 16.3.4 Financial Overview
- 16.3.5 SWOT Analysis
- 16.3.6 Key Developments
16.4 Optum, Inc.
- 16.4.1 Key Facts
- 16.4.2 Business Description
- 16.4.3 Products and Services
- 16.4.4 Financial Overview
- 16.4.5 SWOT Analysis
- 16.4.6 Key Developments
16.5 Oracle Corporation
- 16.5.1 Key Facts
- 16.5.2 Business Description
- 16.5.3 Products and Services
- 16.5.4 Financial Overview
- 16.5.5 SWOT Analysis
- 16.5.6 Key Developments
16.6 eClinicalWorks
- 16.6.1 Key Facts
- 16.6.2 Business Description
- 16.6.3 Products and Services
- 16.6.4 Financial Overview
- 16.6.5 SWOT Analysis
- 16.6.6 Key Developments
16.7 Allscripts Healthcare, LLC
- 16.7.1 Key Facts
- 16.7.2 Business Description
- 16.7.3 Products and Services
- 16.7.4 Financial Overview
- 16.7.5 SWOT Analysis
- 16.7.6 Key Developments
16.8 General Electric Company
- 16.8.1 Key Facts
- 16.8.2 Business Description
- 16.8.3 Products and Services
- 16.8.4 Financial Overview
- 16.8.5 SWOT Analysis
- 16.8.6 Key Developments
16.9 Cerner Corporation
- 16.9.1 Key Facts
- 16.9.2 Business Description
- 16.9.3 Products and Services
- 16.9.4 Financial Overview
- 16.9.5 SWOT Analysis
- 16.9.6 Key Developments
16.10 Orion Health group of companies
- 16.10.1 Key Facts
- 16.10.2 Business Description
- 16.10.3 Products and Services
- 16.10.4 Financial Overview
- 16.10.5 SWOT Analysis
- 16.10.6 Key Developments

17. Appendix

17.1 About the Insight Partners
17.2 Glossary of Terms

List Of Tables

Table 1. US Health Information Exchange Market, by Set Up - Revenue and Forecast to 2028 (USD Million)
Table 2. US Health Information Exchange Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 3. US Health Information Exchange Market, by Implementation Model - Revenue and Forecast to 2028 (USD Million)
Table 4. US Health Information Exchange Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 5. US Health Information Exchange Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 6. US Health Information Exchange Market, by Deployment - Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Health Information Exchange Market, by Set Up - Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Health Information Exchange Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Health Information Exchange Market, by Implementation Model - Revenue and Forecast to 2028 (USD Million)
Table 10. Canada Health Information Exchange Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 11. Canada Health Information Exchange Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 12. Canada Health Information Exchange Market, by Deployment - Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico Health Information Exchange Market, by Set Up - Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico Health Information Exchange Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 15. Mexico Health Information Exchange Market, by Implementation Model - Revenue and Forecast to 2028 (USD Million)
Table 16. Mexico Health Information Exchange Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 17. Mexico Health Information Exchange Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 18. Mexico Health Information Exchange Market, by Deployment - Revenue and Forecast to 2028 (USD Million)
Table 19. Organic Developments Done by Companies
Table 20. Inorganic Developments Done by Companies
Table 1. Glossary of Terms, Electronic Health Record (EHR) Market

List Of Figures

Figure 1. Health Information Exchange Market Segmentation
Figure 2. Health Information Exchange Market Segmentation, By Country
Figure 3. North America Health Information Exchange Market Overview
Figure 4. Private by Set Up Segment Expected to Witness Rapid Growth
Figure 5. North America Health Information Exchange Market - Leading Country Markets (US$ Million)
Figure 6. Health Information Exchange Market in North America: PEST Analysis
Figure 7. Health Information Exchange Market Impact Analysis of Drivers and Restraints
Figure 8. North America Health Information Exchange Market - Revenue Forecast and Analysis - 2020- 2028
Figure 9. Health Information Exchange Market, by Set Up 2020 & 2028 (%)
Figure 10. Public: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Private: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Health Information Exchange Market Revenue Share, by Type (2020 and 2028)
Figure 13. Query-Based: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Direct Mediated: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Consumer Mediated: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Health Information Exchange Market Revenue Share, by Implementation Model (2020 and 2028)
Figure 17. Centralized: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Decentralized: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Hybrid: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Health Information Exchange Market Revenue Share, by Application (2020 and 2028)
Figure 21. Workflow Management: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Internal Interfacing: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Web Portal Development: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Other Application: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Health Information Exchange Share, by End User, 2020 and 2028 (%)
Figure 26. Healthcare Providers Health Information Exchange - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Healthcare Payers: Health Information Exchange - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Pharmacies: Health Information Exchange - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Health Information Exchange Market Revenue Share, by Deployment (2020 and 2028)
Figure 30. On-Premise: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Cloud Based: Health Information Exchange Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Health Information Exchange Market, by Key Country - Revenue (2020) (USD Million)
Figure 33. North America: Health Information Exchange Market, by Country, 2020 & 2028 (%)
Figure 34. US: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
Figure 35. Canada: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
Figure 36. Mexico: Health Information Exchange Market - Revenue and Forecast to 2028 (USD Million)
Figure 37. Impact of COVID-19 Pandemic in North American Country Markets