Healthcare Information Exchange Industry Size, Share, Growth Forecast Report

Posted by Shiva on July 5th, 2019

Healthcare Information Exchange Market Overview:

The drifting Global “Health Information Exchange Market” research report 2019 represents a vast study of the global market which will enable our customers to estimate future demands and strategize executions. The Health Information Exchange market research report will offer a deep understanding of the worldwide market. The growth factors and constraints for the market are also mentioned providing an in-depth knowledge of the extensive Health Information Exchange market potential.

Healthcare Information Exchange Market Size and Growth Rate:

The Global Healthcare Information Exchange Market was worth USD 1174.58 million in 2018 and anticipated to be growing at a CAGR of 9.2%, to reach USD 1823.88 million by 2023. Several companies in this market are trying to increase their product range to obtain the maximum share of this Healthcare Information Exchange market.

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Market Drivers and Restraints:

Healthcare Information Exchange is a transmission of healthcare information by electronic means between healthcare professionals, healthcare information organization, and Government agencies inside a region according to national standards. It permits healthcare providers, patients, and other stakeholders to correctly access and securely shares a patient’s information electronically, by improving efficiency, quality, safety and cost of patient care. Expansion in the Global Healthcare Information Exchange Market is significantly driven by federal mandates like significant use, increasing patient-centric approach in healthcare delivery, growing EHR acceptance rate, and must to curtail healthcare cost. Nevertheless, the necessity of substantial infrastructural investments along with low return on investment and data security & privacy concerns are anticipated to hinder the growth of this market to a certain extent.

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Detailed Segmentation of the Healthcare Information Exchange Market:

By Type:

  •          Direct Exchange
  •          Query Based Exchange
  •          Consumer Mediated Exchange

By Implementation Model:

  •          Centralized/Consolidated Models
  •          Decentralized/Federated Models
  •          Hybrid Models

By Setup Type:

  •          Private
  •          Public

By Application:

  •          Internal Interfacing
  •          Secure Messaging
  •          Work Flow Management
  •          Web Portal Development
  •          Patient Safety

By Component:

  •          Enterprise Master Person Index (EMPI)
  •          Healthcare Provider Directory (HPD)
  •          Record Locator Service (RLS)
  •          Clinical Data Repository

By End User:

  •          Healthcare Provider
  •          Public Health Agency
  •          Medical Research Institution
  •          Medical Professional
  •          Patient

Market Regional Analysis:

Based on geography the Global Healthcare Information Exchange Market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. North America held the largest revenue share of the health information exchange market in 2018. The Asia Pacific region is projected to perceive profitable growth opportunities in the future due to the growing patient population, which necessitates better information systems for efficient data management as well as the increasing healthcare expenditure in the encouraging economies. 

Prominent Players mentioned in the Market:

The major Global Healthcare Information Exchange Market players in this market are Aetna Medcity, eClinical Works (U.S.), RelayHealth, Medecision, Epic Corporation Inc. (U.S.), Cerner Corporation (U.S.), RelayHealth Corporation (U.S.), Infor Inc. (U.S.), Intersystems, Optum Inc. (U.S.), Alere Wellogic, NextGen Healthcare Information Systems, LLC (U.S.), Covisint Corporation (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), and Orion Health (New Zealand). There is a continuous competition between these companies based on the pricing and quality of the product. They are presently focused on providing expansion strategies to improve their market value and position.

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Joined: June 11th, 2019
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