As per Frank n Raf’s Research report, The Global Health Information Exchange (HIE) was estimated at USD 988.6 million in 2015. The increasing demand for facilitated access to patient health information and effective management of vast amounts of patient-related data amongst the healthcare providers are projected to be the crucial driving factors for the growth of the market in the near future.
Moreover, the market is anticipated to grow quickly as a result of the surge in interest for health information exchange (HIE) systems, which is due to the increasing need for storage, collection, and secure exchange of large volumes of healthcare data. Furthermore, the increasing focus of government organizations on promoting the use of health information technology to improve the quality of health services is one of the major growth drivers of the overall health information exchange market. North America health information exchange market, by setting up type, 2013-2024 (USD Million) North America health information exchange market To learn more about this report, request a free sample copy The rising need to curtail the costs associated with the maintenance of paper-based patient health records is another driver of the health information exchange market. In addition, according to a study reported by NCBI, retrieval of data from electronic health records is much faster and easier than accessing conventional hard copy records.
This is supposed to fuel the requirement for health information exchange systems throughout the projection period. These aforementioned factors provide a major increase in the overall health information exchange industry. Report Coverage and Deliverables PDF report and online dashboard will help you experience: Ambitious benchmarking Market projections, Market opportunities, Company market shares, Latest trends & dynamics Request a Free Sample Copy The Grand Library - BI Enabled Market Research Database Click on image to enlarge Set up Type Insights The private healthcare information exchange segment held the largest share of over 51.0% of the setup type division and is expected to grow lucratively at a CAGR of over 8.0% throughout the forecast duration.
This can be attributed to the increasing number of private healthcare information providers and the high level of physician engagement at every level of the information system. Moreover, the associated benefits, such as huge workflow enforcement and the several governance problems that are involved and further expected to increase the approval rate over the forecast period. Implementation Insights The hybrid model segment held the largest share of the implementation model segment and is expected to grow at a rapid CAGR of over 6.8% during the forecast period. The hybrid model is a mixture of centralized and decentralized models and offers benefits, such as low cost through facilitating tremendous data storage capacity and increased usage rates.
Moreover, the establishment of the hybrid model offers enhanced operational effectiveness and patient care delivery that is supposed to propel the demand for the segment throughout the forecast period.? Solution Type Based on solution type, the portal-centric division held the highest share of the total health information exchange market. The high share can be attached to the rising number of web portal developments promoting improved and convenient access to healthcare information. Platform-centric is expected to grow attractively at a CAGR of over 6.0% during the forecast period. The government enterprises such as Health Information Technology for Economic and Clinical Health Act (HITECH) focusing on patient commitment are the key factors that are supposed to provide them growth platform to this segment.
Application Insights The extended application of the health information exchange is the web portal development division, which held a substantial share of over 27.0% in 2015. This can be connected to the increased accessibility of patient health data, which is available through patient gateways. For example, FollowMyHealth developed by Allscripts Healthcare Solutions, Inc. enables the patients to access and interact with the providers and gain valuable insights about their health conditions. Internal interfacing is anticipated to grow at a swift growth rate over the forecast period owing to its ability to collect maximum subject information. Regional Insights North America held the highest revenue share of the health information exchange market in 2015 at over 45.0%. High awareness pertaining to the health information exchange systems, the ongoing government initiatives, the presence of non-profit organizations, and the presence of prominent players domiciled in this region, such as Medicity, Inc. and IBM Corporation is responsible for its commanding position in the regional market.
The Asia Pacific region is predicted to witness profitable growth possibilities in the future due to the increasing patient population, which commands improved information systems for effective data administration as well as the rising healthcare expenditure in the emerging economies, such as China and India. Competing Market Share Insights by Some key players of this market include - Siemens AG, IBM Corporation, Orion Health, CareEvolution, Inc., Medicity, Inc., CernerGE Healthcare, Inc., Allscripts Healthcare Solutions, Inc., Corporation, eClinicalWorks, RelayHealth Corporation. The industry is highly competitive in nature and the players are involved in sustainability strategies such as new product launches, strategic collaborations, mergers& acquisitions, and technological innovation. For example, in February 2016, Orion Health entered into a strategic collaboration with Cognizant, which later enabled them to use Orion Health's open data platform Amadeus, resulting in an expansion of their product portfolio.
Inquire more or Share query If Any before the Purchase on This Report @
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
About Us:
Frank n Raf is one of the eminent companies in Market Research and Consulting Services headquartered in Pane, India and soon will be in The United States. In terms of market research and consulting services, we give our customers more choices. We provide deep and transparent industry insights, syndicated search reports, customized search reports, and excellence in the services we consult.
Contact Us:
Frank n Raf Market Research LLP
401 – ‘A’ Wing, Amar Synergy,
Sadhu Vaswani Chowk, Pune Station,
Pune – 411014
Maharashtra, India
Phone: +1 347-321-6773
E-mail: [email protected]
Global health information exchange (HIE) market is expected to witness lucrative growth over the forecast period.
Furthermore, increasing incentives by the federal government, growing investments, increasing geriatric population and raising demand for reduction in healthcare cost are the factors anticipating the demand for health information exchange.HIE refers to the electronic mobilization of healthcare information within defined geographical area to bring stakeholders together.
The technology provides high standard of patient care coupled with reduction in expenses associated with physical mailing of patient records, manual printing of document and, efforts involved in recovering patients’ reports.Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures) @ https://www.millioninsights.com/industry-reports/health-information-exchange-hie-market/request-sampleOn the basis of set up type, HIE market is segmented into implementation model and vendors model and, also in public and private HIE.
Implementation is further classified into hybrid model, centralized model and decentralized model.
Other benefits are steady flow of funds for development obtained from stakeholders in the private sector and physician engagement at every level of the HIE.
Portal centric segment is considered to hold the largest market share of health information exchange and is anticipated to witness robust growth over the coming six years due to the increasing use of electronic health records in the developed countries.Based on pattern of data exchange, the market is segregated into consumer mediated exchange for patient control, directed exchange for coordinate care and query based exchange for unplanned care.
Industry InsightsThe Global Health Information Exchange market was $ 988.6 million in 2015.
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, 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 InsightsHybrid 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.
For example, Allscripts Healthcare Solutions, Inc.
Since more and more patients are able to collect information, internal interfacing is expected to increase rapidly during the intensity of growth.Regional InsightsIn 2015, North America contributed the highest percentage of health information exchange market to 45.0%.
The research report on the topic of Global Health Information Exchange Market gives a comprehensive study of various factors of the Health Information Exchange market.
The market report is created and written keeping in consideration various important factors.
It testifies the constant growth in the Health Information Exchange market, in spite of the current unsteady market scenario in terms of revenue.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/2775195 with the slowdown in world economic growth, the Health Information Exchange industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Health Information Exchange market size to maintain the average annual growth rate of 8.65% from 920 million $ in 2014 to 1180 million $ in 2018, BisReport analysts believe that in the next few years, Health Information Exchange market size will be further expanded, we expect that by 2023, The market size of the Health Information Exchange will reach 1846 million $.This Report covers the Major Players’ data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better.
This report also covers all the regions and countries of the world, which shows a regional development status, including market size.Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc.
cover different segment market size.
If you need more information, please contact BisReportSection 1: Free——DefinitionSection (2 3): 1200 USD——Major Player DetailMedicity, Inc. (A Subsidiary Of Aetna, Inc.)Cerner CorporationAllscripts Healthcare Solutions, Inc.Intersystems CorporationOrion HealthEclinicalworksInfor, Inc.Browse the complete report @ https://www.orbisresearch.com/reports/index/global-health-information-exchange-market-report-2019Relayhealth Corporation (A Subsidiary Of Mckesson Corporation)Covisint CorporationOptum, Inc.Nextgen Healthcare Information Systems, Llc (A Subsidiary Of Quality Systems, Inc.)Arcadia Solutions, LlcSection 4: 900 USD——Region SegmentationNorth America Country (United States, Canada)South AmericaAsia Country (China, Japan, India, Korea)Europe Country (Germany, UK, France, Italy)Other Country (Middle East, Africa, GCC)Section (5 6 7): 500 USD——Type Segmentation (Directed Exchange (Push Hie), Query-Based Exchange (Pull Hie), Consumer-Mediated Exchange, , )Industry Segmentation (Web Portal Development, Workflow Management, Secure Messaging, Internal Interfacing, )Channel (Direct Sales, Distributor) SegmentationSection 8: 400 USD——Trend (2018-2023)Section 9: 300 USD—— Type DetailSection 10: 700 USD——Downstream ConsumerSection 11: 200 USD——Cost StructureSection 12: 500 USD——ConclusionPlace a purchase order of this report @ https://www.orbisresearch.com/contact/purchase-single-user/2775195About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
health information exchange software systems are so famous in the health care market is because of the growing need for patient-centric approaches.
There is also an increase in EMR systems and the focus on cutting down health care costs.
This is why HIE is growing and needed in the market so much.
This growing demand for HIE solutions is easily manageable.
This requires storing, collecting, and securing information of patients into large volumes.
This helps in growing the healthcare industry more.
The Growth in this HIE Market can be attributed to factors such as growing need to curtail healthcare costs, focus on patient-centric care delivery, growing adoption of EHRs and other HCIT solutions, government initiatives for enhancing patient care and safety, government funding for healthcare interoperability.However, data privacy concerns, need for significant investments in infrastructure development and high cost of deployment, lack of true interoperable solutions are expected to hinder the market growth.According to the new market research report “Health Information Exchange (HIE) Market by Set Up Type (Public, Private), Implementation Model (Federated, Hybrid), Type (Pull, Push), Application (Web Portal, Secure Messaging), Solution (Portal, Platform Centric), End User – Global Forecast to 2025″, published by MarketsandMarkets™, the global Health Information Exchange Market is expected to reach 2.0 billion by 2025 from an estimated USD 1.1 billion in 2020 at a CAGR of 12.2% during the forecast period.COVID-19 Impact on the Health information exchange MarketThe COVID-19 pandemic has created technological shifts crucial to providing better care.
It has also increased the need for social distancing among physicians and patients, which has driven the demand for remote patient monitoring and telehealth solutions and the need for the accurate and timely exchange of patient health records.
These solutions allow a seamless exchange and interpretation of health-related data among healthcare organizations and patients for clinical decision-making and other applications.Browse in-depth TOC on “Health Information Exchange (HIE) Market”141 – Tables36 – Figures199 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249987292The health information exchange market includes Tier I and II vendors Epic Systems Corporation (US), Cerner Coporation (US), MEDITECH(US), and Intersystems Corporation (US) among others.
The companies have a large market spread across various countries in North America, Europe, Asia Pacific, and the Rest of the World.The private HIE segment is expected to account for the largest share during the forecast periodBased on the setup type, the health information exchange market is segmented into public and private HIE.
The large share and high growth can be attributed to the various advantages it offers as compared to public HIEs, such as additional functionalities and strong technical support.The hybrid model is expected to grow at the highest rate during the forecast periodBased on the implementation model, the health information exchange market is segmented into centralized/consolidated model, federated/decentralized, hybrid models.
The large share and high growth can be attributed to the various advantages it offers as such as controlled flow of data and support to diverse communities, cost-effective database solution and is often the only choice for cost-constrained organizations.The directed exchange segment to account for the largest share during the forecast periodBased on the type, the health information exchange market is segmented into directed (push HIE), query-based (pull-HIE), consumer-mediated exchange solutions.
