Global Health Information Exchange Market was valued at USD 1.3 billion in 2020 which is expected to reach 3.2 billion by 2027 at a CAGR 11.8% from 2020-2027.
Health information exchange (HIE) is the mobilization of healthcare information electronically, across organizations within a region, community/hospital system. The HIE comprises the digital storage of health-related information amidst the different bodies according to nationally recognized standards. HIE directs to ease the access & recovery of clinical data to provide safer, effective, efficient, patient -centered care.
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Key Players
Some key players of the market include Allscripts Healthcare Solutions Inc., Orion Health, Optum Inc., NextGen Healthcare Information Systems LLC, Medicity, Inc., Infor, Inc, Epic Corporation Inc., Conifer Health Solutions, Open Text Corporation, Cerner Corporation, etc.
Market Restraints
Need for significant investments in infrastructure development as well as high cost of deployment are major restraining factors which expected to hamper the growth of global health information exchange market over the forecast period.
Market Segmentation
The Global Health Information Exchange Market is segmented into exchange set up such as Private HIE, and Public HIE, by solution type such as Portal-Centric, Platform-Centric, and Messaging-Centric, by implementation model such as Centralized, Decentralized, and Hybrid. Further, market is segmented into application such as Web Portal Development, Internal Interfacing, Workflow Management, and Others.
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Regional Analysis
Global Health Information Exchange Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region held the largest market share of overall health information exchange market. Due to the high awareness pertaining to the hospital information exchange systems, the ongoing government initiatives and the presence of prominent players domiciled in this region. Also, the APAC region is anticipated to witness lucrative growth opportunities in the future, due to the rise in patient population, which necessitates improved information systems for effective data management & the increase in healthcare expenditure in the emerging economies, including China &India.
Market Taxonomy
By Exchange Set Up
- Private HIE
- Public HIE
By Solution Type
- Portal-Centric
- Platform-Centric
- Messaging-Centric
By Implementation Model
- Centralized
- Decentralized
- Hybrid
By Application
- Web Portal Development
- Internal Interfacing
- Workflow Management
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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