Health Information Exchange Market Forecasts to 2028 – Global Analysis By Type (Consumer-Mediated, Directed, and Query-Based), Setup Type, Deployment, Component, Solution, Application, End User and By Geography
According to Stratistics MRC, the Global Health Information Exchange Market is accounted for $1.10 billion in 2020 and is expected to reach $3.18 billion by 2028 growing at a CAGR of 14.2% during the forecast period. Increasing focus on patient centric care delivery, rising need to restrict healthcare expenditure and favourable government initiatives regarding healthcare are driving the market growth. However, high costs of deployment are hampering the growth of the market.
The deployment of healthcare information through electronic means is defined as health information exchange. It is a vital aspect in keeping the communities connected and making sure the patient health records are available.
Based on the setup type, the private segment is going to have lucrative growth during the forecast period as private health information exchanges have become a feasible alternative to public models. The high level of physician engagement is also one of the factors contributing to the growth of private segment.
By geography, Asia Pacific is going to have high growth during the forecast period primarily due to the increase of chronic diseases in the region. Moreover, the government initiatives in most countries in the region to support healthcare interoperability and improving infrastructure is also one of the prominent factors contributing to the growth.
Some of the key players profiled in the Health Information Exchange Market include Allscripts Healthcare, LLC, Arcadia Solutions, LLC, CareEvolution, Inc., Cerner Corporation, eClinicalWorks, Epic Systems Corporation, IBM Corporation, Infor, InterSystems Corporation, McKesson Corporation, NXGN Management, LLC, Open Text Corporation, Optum, Inc, Oracle and Orion Health group of companies.
Estimated Market Size in 2020:
USD 1.10 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 3.18 billion
Tables, Graphs & Figures
Type, Setup Type, Deployment, Component, Solution, Implementation Model, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Consumer-Mediated Exchange
• Directed Exchange
• Query-Based Exchange
Setup Types Covered:
• Clinical Data Repository
• Enterprise Master Person Index (EMPI)
• Healthcare Provider Directory (HPD)
• Record Locator Service (RLS)
• Messaging-Centric Solutions
• Platform-Centric Solutions
• Portal-Centric Solutions
Implementation Models Covered:
• Centralized/Consolidated Models
• Decentralized/Federated Models
• Hybrid Models
• Internal Interfacing
• Patient Safety
• Secure Messaging
• Web Portal Development
• Workflow Management
• Other Applications
End Users Covered:
• Healthcare Payers
• Healthcare Providers
• Medical Professional
• Medical Research Institution
• Public Health Agencies
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Health Information Exchange Market is majorly driven by increasing focus on patient centric care delivery, rising need to restrict healthcare expenditure and favourable government initiatives regarding healthcare.
The private segment is growing at a highest CAGR as private health information exchange have become a feasible alternative to public models.
North America dominated with a significant market share due to the factors such as well established healthcare infrastructure, growing adoption of healthcare information systems and the increasing number of the organized healthcare system across the region.
Asia Pacific market is growing at a highest CAGR owing to the increase of chronic diseases in the region. Moreover, the government initiatives in most countries in the region to support healthcare interoperability and improving infrastructure is also one of the prominent factors contributing to the growth.
Key players in Health Information Exchange Market include Allscripts Healthcare, LLC, Arcadia Solutions, LLC, CareEvolution, Inc., Cerner Corporation, eClinicalWorks, Epic Systems Corporation, IBM Corporation, Infor, InterSystems Corporation, McKesson Corporation, NXGN Management, LLC, Open Text Corporation, Optum, Inc, Oracle and Orion Health group of companies.
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