The Global healthcare information exchange market is estimated to grow to USD 1.22 Billion in 2024 with a CAGR of 10.94% during the forecast period (2018-2024)
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The health care information exchange (HIE) is the exchange of patient data base between the medical professionals digitally. Government organisations and Health care information organisation allows health care providers, patients and stake holders to access the patients information securely for increasing efficiency, safety, cost of patient care.
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Hybrid model occupy the largest market segment
The market of HIE is classified into federated centralized and hybrid HIE. Among these hybrid model has the largest market share due to they are highly used for improved patient care delivery and increase operational efficiency.
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Kentucky health care information exchange is a hybrid model executed with an objective to provide patient information suffering with chronic diseases and provide preventive health tips through messages, mails, alerts and various communication techniques. The HIE is also categorized into consumer mediated exchange, directed exchange and query based change.
Query based exchange has the large demand as the exchange of data base is done only after several queries and necessary security actions.
Internal Interfacing segment is expected to grow at a rapid growth in 2024
The Health care information exchange is used in various applications such as work flow management, secure messaging, internal interfacing and web portal development. Internal interfacing has the significant growth as the internal interfacing connects the large number of patients through patient engagement tools.
Internal interfacing is the major reason for driving the market of health care information exchange.
North America holds the largest market share in 2017
The market of health care information exchange is good in various regions namely Asia Pacific, North America and Europe. North America dominates the market of HIE due to the presence of large number of companies, increasing implementation of electronic health records and supportive reimbursement policies.
Asia Pacific also has the large market share due to the increased awareness on HIE systems and rising investments on health care sector.
The primary players in the health care information exchange market are
Siemens AG, RelayHealth Corporation, Orion Health, GE Healthcare, Inc., Medicity, Inc., CareEvolution, Inc., Cerner Corporation, Allscripts Healthcare Solutions, Inc. and IBM Corporation.
Scope Of The Report
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin. Value
- Created and Captured – Cost of Creating that Value = Margin
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