Data Bridge Market Research analyses that the healthcare information exchange (HIE) solutions market which was USD 1.2 billion in 2021, would rocket up to USD 2.54 billion by 2029, and is expected to undergo a CAGR of 9.80% during the forecast period 2022 to 2029.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Raising awareness of the need to access patients' health information, as well as the advent of various non-profit organisations advocating the use of HIE for patient data management, are expected to boost the industry in the coming years. Based on how it is set up, the market is separated into public and private divisions.
The market for healthcare information exchange is being driven by the digitalization of the healthcare system and the increased usage of healthcare information exchange systems as a result of greater connection between healthcare providers.
Healthcare information exchange is specifically developed to allow doctors, healthcare providers, and other medical facilities to securely and quickly transmit patient medical information electronically. Healthcare practitioners can share and access a patient's medical information via electronic devices through health information exchange (HIE). It also aids in the retrieval of clinical data in order to provide fast, effective, safe, efficient, and patient-centered treatment. It also aids in collaboration with healthcare stakeholders such as nurses, pharmacists, doctors, and other healthcare providers, as well as the reduction of time-consuming administrative duties. In the healthcare sector, it also provides transparency.
Global Healthcare Information Exchange (HIE) Solutions Market Scope and Market Size
Healthcare information exchange (HIE) solutions market is segmented of the basis of setup type, type, implementation model, application, solutions, end- users and component. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of setup type, the healthcare information exchange (HIE) solutions market is segment into private HIE and public HIE.
- The type segment of the healthcare information exchange (HIE) solutions market is divided into directed exchange, query-based exchange, and consumer-mediated exchange.
- Based on implementation model, the healthcare information exchange (HIE) solutions market is divided into hybrid model, centralized/consolidated models and decentralized/federated model.
- Application segment of the healthcare information exchange (HIE) solutions market is divided into web portal development, workflow management, secure messaging, internal interfacing and others.
- On the basis of solutions, the healthcare information exchange (HIE) solutions market is segmented into portal centric, messaging centric and platform centric.
- End- users segment of the healthcare information exchange (HIE) solutions market is divided into healthcare providers, healthcare payers, and pharmacies.
- Based on component, the healthcare information exchange (HIE) solutions market is divided into enterprise master person index, healthcare provider directory, record locator service, clinical data repository and other.
Healthcare Information Exchange (HIE) Solutions Market Country Level Analysis
Healthcare information exchange (HIE) solutions market is analysed and market size insights and trends are provided by setup type, type, implementation model, application, solutions, end- users and component as referenced above.
The countries covered in the healthcare information exchange (HIE) solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia- Pacific dominates the healthcare information exchange (HIE) solutions market in the forecast period of 2020 to 2027. This is due to rising healthcare spending and growing government initiatives expected to enhance the market demand in the region.
The country section of the healthcare information exchange (HIE) solutions market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
Healthcare information exchange (HIE) solutions market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for healthcare information exchange (HIE) solutions market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare information exchange (HIE) solutions market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Healthcare Information Exchange (HIE) Solutions Market Share Analysis
Healthcare information exchange (HIE) solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare information exchange (HIE) solutions market.
Major Key Players: -
The major players covered in the healthcare information exchange (HIE) solutions market report are Allscripts Healthcare, LLC, Cerner Corporation, Open Text Corporation, Epic Systems Corporation., Infor, NXGN Management, LLC, Orion Health group of companies, Arcadia Solutions, LLC, CareEvolution, Inc., Oracle, Optum, Inc, eClinicalWorks, IBM Corporation, McKesson Corporation, InterSystems Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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