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Health Information Exchange market is projected to grow at the highest CAGR from2016- 2026| Reports and Data

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Health Information Exchange market is projected to grow at the highest CAGR from2016- 2026| Reports and Data

Meaningful use requirements, new payment approaches that stress care coordination, and federal financial incentives are all driving the interest and demand for health information exchange market

Market Size – USD 1227.4 Million in 2018, Market Growth – CAGR of 9.4%, Market Trends – Product Launches and Research for Advanced Tech Developments

 Based on current analysis, the global Health Information Exchange market was valued at USD 1227.4 million in 2018 and is expected to reach USD 2552.9 million by 2026, at a CAGR of 9.4%. health information exchange (HIE) is the electronic transformation of healthcare concerned data among medical facilities, health information organizations, companies that require and govern the exchange of this data. Electronic HIE allows healthcare professionals like doctors, nurses, pharmacists and patients to suitably access and securely share a patient’s vital medical information electronically thus, improving the speed, quality, safety and cost of patient care.

 While HIE typically refers to the act of exchanging information between two or more healthcare organizations or providers, it may also refer to an organization that is responsible for facilitating the exchange. The purpose of HIE is to promote the appropriate and secure access and retrieval of a patient's information to improve the cost, quality, safety and speed of patient care. The demand for electronic HIE among care professionals is growing along worldwide efforts to improve the quality, safety, and efficiency of health care delivery, which is anticipated to boost the growth of the health information exchange market.

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The report provides a complete analysis of the global Health Information Exchange  market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.

Key findings from the report

  • In the implementation model segment of health information exchange, the hybrid model segment is estimated to grow at a profitable rate due to the linked benefits, such as improved patient care delivery and enhanced operational efficiency of the practices
  • Based on the applications, the internal interfacing segment is the fastest growing segment with a growing CAGR of 10.1% in the health information exchange market during the forecast period. Internal interfacing is presumed to propel the demand for the health information exchange market
  • North America dominated the health information exchange market at a market share of 44.4% owing to the existence of enormous companies, supportive settlement policies, and the increasing implementation of HER
  • GE and Microsoft have announced plans to create a joint venture that will enable care teams to improve quality, performance and the patient experience. The new partnership will deliver something truly different: the industry's first solution focused on enabling population health management to alter the economics of health and wellness
  • The National Rural Health Resource Center has made available a set of practical HIE resources to assist providers in understanding and implementing Health Information Exchange
  • Asia Pacific is expected to grow rapidly at a CAGR of over 10.6% during the forecast period in the health information exchange market due to the rising disposable income levels, the increased awareness levels amongst healthcare practitioners regarding the healthcare information exchange systems
  • HIE enables patient engagement, offering patients an electronic copy of their medical information that they can share with their healthcare providers. Research has also found that HIE use can improve patient-provider communication and patient satisfaction

Browse Complete Report “Health Information Exchange  Market” @ https://www.reportsanddata.com/report-detail/health-information-exchange-market

The key companies profiled in the market are:

GE, eClinicalWorks, Siemens AG, Orion Health, Medicity, IBM Corporation, CareEvolution, Cerner Corporation, RelayHealth Corporation, and Allscripts Healthcare Solutions, Inc

For the purpose of this study, the HIE market is segmented on the basis of application, implementation model, solution type, exchange setup type and regions:

Application outlook (Revenue in USD Million; 2016–2026)

  • Web Portal Development
  • Internal Interfacing
  • Workflow Management
  • Others

Implementation model outlook (Revenue in USD Million; 2016–2026)

  • Centralized
  • Decentralized
  • Hybrid

Solution type (Revenue in USD Million; 2016–2026)

  • Portal-Centric
  • Platform-Centric
  • Messaging-Centric

Exchange set up (Revenue in USD Million; 2016–2026)

  • Private HIE
  • Public HIE

The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Health Information Exchange market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

In-depth regional analysis covers:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • BENELUX
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East & Africa
  • Saudi Arabia
  • A.E.
  • Rest of MEA

The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.

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Highlights of the TOC:

  1. Report Overview

1.1 Research Scope

1.2 Key Health Information Exchange market segments

1.3 Major players

1.4 Market analysis by product

1.5 Market analysis by application

1.6 Report timeline

  1. Global Growth Trends

2.1 Global Health Information Exchange market size

2.2 Latest Health Information Exchange market trends

2.3 Key growth trends

  1. Competitive Landscape

3.1 Global Health Information Exchange market key players

3.2 Global Health Information Exchange size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Health Information Exchange market

3.5 Mergers, acquisitions, joint ventures, and strategic alliances

About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Thank you for reading our report. For additional information on customization of the report, connect with us and we will make sure you get a report tailored to meet your needs.

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