The health information exchange market is expected to reach USD 1,545.0 million by 2020 from USD 990.6 million in 2015, at a CAGR of 9.3%. Factors such as federal mandates like Meaningful Use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and reduction in healthcare costs are driving the health information exchange market.
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Key health information exchange market players are Cerner Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Relay Health Corporation (U.S.), eClinical Works (U.S.), Covisint Corporation (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc.
(U.S.), Optum, Inc. (U.S.), Medicity, Inc. (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand)
Complete report on Health Information Exchange Market spread across 201 pages, Profiling 12 Companies and Supported with 78 Tables and 41 Figures is now available at www.rnrmarketresearch.com/health-i…arket-report.html .
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In report, health information exchange market segmented on basis of type, setup type, solution, implementation model, application, end user, and region. Web portal development segment accounted for largest share of health information exchange market in 2015.
Target audience of this research report is as follows,
- Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics)
- Healthcare Insurance Companies/Payers
- Healthcare IT Service Providers
- Venture Capitalists
- Government Bodies
- Corporate Entities
- Accountable Care Organizations
Growth in health information exchange market is mainly driven by federal mandates like Meaningful use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, , and need to curtail healthcare cost. However, requirement of significant infrastructural investments coupled with low return on investment and data security & privacy concerns are expected to restrain growth of this market to a certain extent.
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Health information exchange market segmented into web portal development, workflow management, secure messaging, internal interfacing, & others (personal health records and chronic disease management). Internal interfacing segment is expected to grow at highest CAGR in forecast period, owing to rising need of streamlining workflow and reducing healthcare costs by eliminating medication errors.
Health information exchange market involves sharing of health-related information electronically among healthcare stakeholders. It enables collaboration between healthcare stakeholders, reduces administrative tasks, and provides greater transparency in healthcare field, thus enhancing quality, safety, and efficiency of healthcare delivery.
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Large share of North American market is attributed to mandates like Meaningful Use, increasing number of accountable care organizations and increasing adoption of HIE in hospitals. Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.
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