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%.

As per Frank n Raf’s Research report, The Global Health Information Exchange (HIE) was estimated at USD 988.6 million in 2015.

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.

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.

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.