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Health Information Exchange Market  Research Report Including SWOT Analysis, and Key Players Analysis By 2026

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Jain Martrin
Health Information Exchange Market  Research Report Including SWOT Analysis, and Key Players Analysis By 2026

Based on current analysis, the global health information exchange standards 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 standards (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 standards market.

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Key findings from the report

  • In the implementation model segment of health information exchange standards, 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 standards market during the forecast period. Internal interfacing is presumed to propel the demand for the health information exchange standards market
  • North America dominated the health information exchange standards 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 standards
  • Asia Pacific is expected to grow rapidly at a CAGR of over 10.6% during the forecast period in the health information exchange standards 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

Leading companies operating in the market are:

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

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The health information exchange standards market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

health information exchange standards Market Segmentation:

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

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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