Industry Insights

The Global Health Information Exchange market was $ 988.6 million in 2015. Effective management of large-scale patient-related data among the increased demand and health care providers to facilitate patient health information has become an important driving force for future growth of the market.

Furthermore, due to the increased demand of Health Information Exchange (HIE) system, the market is expected to increase rapidly, which is due to a large number of healthcare data collection, storage and increasing need of a safe exchange. Apart from this, the increased focus of government agencies on the use of health service information technology to improve the quality of health services is the major health care drivers in the entire health information exchange market.

According to the growing need for reducing the cost related to the maintenance of the health records of patients based on paper, health information exchange is another driver of the market. In addition, according to a study by NCBI, retrieving data through electronic health records is faster and easier than conventional hard copy access. Expect to increase the demand for Health Information Exchange System during the expected period. All of these above-mentioned components provide a great benefit to the exchange industry with full health information.

Set up Type Insights

The private healthcare information exchange segment has more than 51.0% of the setup type segment and Expectancy expects to grow attractive to CAGR of more than 8.0% over the forecast period. It can be attributed to the number of private health service providers at each level of information technology and the high level of medical practitioner engagement. In addition, the benefits associated with high workflow efficiency and low administrative issues are expected to increase the subsidized rate over the next period of time.

Implementation Insights

Hybrid model is the largest part of the Segment Implementation Model Segment and The CAGR is expected to grow at an alarming rate of more than 6.8% in the forecast period. Hybrid model is a mix of centralized and decentralized models and facilitates increased usage rates for large data storage capacity and low rates. In addition, incorporating Hybrid models improves operational efficiency and patient care distribution, which is said to increase the demand for segments throughout the budget period.

Solution Type

Based on the type of solution, the total health information in the portal-focused section was a major contributor to the exchange market. Large numbers of credit can be given to the growing number of web portals to provide better and convenient access to healthcare information. During the forecast period, platform-centric is expected to grow attractive to CAGR of more than 6.0%. Government initiatives like the Health Technology and Financial and Clinical Health Act (HITECH) for financial activities are one of the main reasons for this developmental platform.

Application Insights

Web portal development is the largest application of health information exchange, which accounts for more than 27.0% in 2015. This credit can be given to the increased access to the patient's health data, which is accessible through the patient portal. For example, Allscripts Healthcare Solutions, Inc. Developed by the follow-up, enables patients to access and communicate with the provider. and Gain valuable insights for their health. Since more and more patients are able to collect information, internal interfacing is expected to increase rapidly during the intensity of growth.

Regional Insights

In 2015, North America contributed the highest percentage of health information exchange market to 45.0%. Health awareness information system, ongoing government initiatives, high awareness of the presence of non-profit organizations, and The presence of resident major players in the field of Medicity, Inc. and IBM Corporation is responsible for its effective status in the regional market.

Due to the increasing number of patients, there is expected to be an opportunity for growth in the Asia Pacific region in the future, which requires improved data management as well as improved information systems for increasing health care costs in emerging economies. Like China and India.

Competitive Market Share Insights

Some of the important players in this market are included GE Healthcare, IBM Corporation, Siemens AG, Orion Health, Inc., Allscripts Healthcare Solutions, Inc., Medicity, Inc., CareEvolution, Inc., Cerner Corporation, eClinicalWorks, RelayHealth Corporation.

Industry nature is very competitive and players are engaged in stability policies like new product launches, strategic cooperation, mergers and acquisitions and technological innovations. For example, in February 2016, Orion Health entered into strategic collaboration with Cognizant, which then enabled Arian Health's open data platform Amades to be able to expand its product portfolio.

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Table of Content:

· Methodology and Scope· Executive Summary· Health Information Exchange Industry Outlook· Health Information Exchange Setup Type Outlook· Health Information Exchange Implementation Model Outlook· Health Information Exchange Solution Type Outlook· Health Information Exchange Application Outlook· Health Information Exchange Regional Outlook· Competitive Landscape

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