Houston, TX, Feb. 07, 2023 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Global Health Information Exchange Market Analysis By Setup (Private And Public), By Implementation Model (Centralized, Decentralized And Hybrid), By Solution (Portal-Centric, Platform-Centric, Messaging-Centric And Others), By Application (Web Portal Development, Internal Interfacing, Workflow Management And Others): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028” in its research database.
“According to the latest research study, the demand of global Health Information Exchange Market size & share in terms of revenue was valued at USD 1.23 Billion in 2020 and it is expected to surpass around USD 3.42 billion mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 13.6% during the forecast period 2021 to 2028.”
What is Health Information Exchange? How big is the Health Information Exchange Industry?
The term "Global Health Information Exchange" (HIE) refers to the process by which healthcare providers and organizations, such as hospitals, clinics, and other care providers, share electronic versions of their patients' medical records with one another. The primary objective of an HIE is to give medical professionals access to a patient's comprehensive medical history in order to enhance both the quality of patient care and the efficiency with which it is delivered.
Health Information Exchange Report Coverage & Overview:
The Global Health Information Exchange (HIE) market is driven by the need to improve the quality and efficiency of patient care by providing healthcare providers with access to complete medical history. HIE technologies include EHR systems, health information exchange networks, and clinical data exchange platforms for secure and efficient sharing of patient data. The increasing demand for cost-effective healthcare and advancements in technology are driving growth in the HIE market, but privacy and security concerns, lack of standardization, and resistance to change are challenges faced.
HIE can be accomplished through a variety of methods, including health information exchange networks, clinical data sharing platforms, and electronic health record (EHR) systems. These technologies make it possible for healthcare practitioners to share patient information in a way that is both secure and efficient. Examples of such information include medical records, laboratory findings, imaging tests, and medication lists.
The development of new technologies, combined with a rising desire for interoperability and care that is focused on the patient, as well as an increasing demand for cost-effective and efficient healthcare, are all factors that are driving the expansion of the worldwide HIE market. However, there are a number of hurdles that the market must overcome, including opposition to change, concerns about privacy and security, and a lack of standardization.
Click Here To Access Free Sample Report of the Global Health Information Exchange Market @ https://www.zionmarketresearch.com/sample/healthcare-information-exchange-market
(A free sample of this report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2021 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 212+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2021
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Health Information Exchange Market: Growth Dynamics
Rising awareness about healthcare information exchange system, reducing the costs that is associated with the maintenance of health records in hard copy are some of the key factors fuelling the growth of the global healthcare information exchange program market. Furthermore, HIE plays a vital role in minimizing medical and medication errors thereby enhancing the safety & quality of patient care, eliminates needless paperwork, provide easy deployment of healthcare services & developing technologies, and enables the caregivers to give treatment & care effectively by providing clinical decision supporting tools.
Owing to all these benefits of HIE, most healthcare providers are adopting the technology of HIE thereby boosting the growth of the global health information exchange market. However, increasing connectivity among the healthcare providers and the rising digitalization may drive the growth of the global healthcare information exchange market during the forecast period.
Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/healthcare-information-exchange-market
Report Scope
| Report Attribute | Details |
| Market Size in 2020 | USD 1.23 Billion |
| Projected Market Size in 2028 | USD 3.42 billion |
| CAGR Growth Rate | 13.6% CAGR |
| Base Year | 2020 |
| Forecast Years | 2021-2028 |
| Key Market Players | GE Healthcare, IBM Corporation, Siemens AG, Orion Health Inc, Medicity Inc, CareEvolution Inc, eClinicalWorks, RelayHealth Corporation, Cerner Corporation, Epic Systems Corporation, McKesson Corporation, Allscripts Healthcare Solutions Inc, Meditech, Philips Healthcare, Athenahealth Inc, eClinicalWorks, NextGen Healthcare |
| Key Segment | By Type, By Application, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Health Information Exchange Market: Segmentation Analysis
The Global Health Information Exchange (HIE) market can be segmented based on the following criteria:
Setup: The market can be segmented into private and public HIE. Private HIE refers to the exchange of information within a single organization, while public HIE refers to the exchange of information between different organizations.
Implementation Model: The market can be segmented into centralized, decentralized, and hybrid HIE. Centralized HIE refers to a system where all data is stored in a single location and can be accessed from any location, while decentralized HIE refers to a system where data is stored in multiple locations and can be accessed only by authorized personnel. Hybrid HIE is a combination of both centralized and decentralized HIE.
Solution: The market can be segmented into portal-centric, platform-centric, messaging-centric, and others. Portal-centric HIE refers to a system where information is accessed through a web portal, while platform-centric HIE refers to a system where information is accessed through a platform that integrates with other healthcare IT systems. Messaging-centric HIE refers to a system where information is exchanged through electronic messages.
Application: The market can be segmented into web portal development, internal interfacing, workflow management, and others. Web portal development refers to the development of a web portal for accessing and exchanging information, while internal interfacing refers to the integration of HIE systems with internal systems such as EHRs. Workflow management refers to the management of clinical workflows through HIE systems.
Read Related Report @ Hospital Acquired Infections Therapeutic Market
The global Health Information Exchange market is segmented as follows:
By Setup
- Private
- Public
By Implementation Model
- Centralized
- Decentralized
- Hybrid
By Solution
- Portal-centric
- Platform-centric
- Messaging-centric
- Others
By Application
- Web Portal Development
- Internal Interfacing
- Workflow Management
- Others
Browse the full “Global Health Information Exchange Market Analysis By Setup (Private And Public), By Implementation Model (Centralized, Decentralized And Hybrid), By Solution (Portal-Centric, Platform-Centric, Messaging-Centric And Others), By Application (Web Portal Development, Internal Interfacing, Workflow Management And Others): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028” Report at https://www.zionmarketresearch.com/report/healthcare-information-exchange-market
Competitive Landscape
Some of the main competitors dominating the global Health Information Exchange market include -
- GE Healthcare
- IBM Corporation
- Siemens AG
- Orion Health Inc
- Medicity Inc
- CareEvolution Inc
- eClinicalWorks
- RelayHealth Corporation
- Cerner Corporation
- Epic Systems Corporation
- McKesson Corporation
- Allscripts Healthcare Solutions Inc
- Meditech
- Philips Healthcare
- Athenahealth Inc
- eClinicalWorks
- NextGen Healthcare
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Health Information Exchange market is likely to expand at a CAGR of around 13.6% during the forecast period (2021-2028).
- In terms of revenue, the Health Information Exchange market size was valued at around US$ 1.23 Billion in 2020 and is projected to reach US$ 3.42 billion by 2028.
- Based on Solution, Portal-centric HIE uses a web portal to access information, while platform-centric HIE connects with other healthcare IT systems.
- Web portal development involves creating a web gateway for accessing and exchanging information, whereas internal interfacing involves integrating HIE systems with internal systems like EHRs.
- The Health Information Exchange Market is anticipated to be led by North America.
Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/healthcare-information-exchange-market
Key questions answered in this report:
- What is the market size and growth rate forecast for Health Information Exchange industry?
- What are the main driving factors propelling the Health Information Exchange Market forward?
- What are the leading companies in the Health Information Exchange Industry?
- What segments does the Health Information Exchange Market cover?
- How can I receive a free copy of the Health Information Exchange Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2021−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Setup, By Implementation Model, By Solution, By Application, And By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Request for Customization on this Report as per your requirements - https://www.zionmarketresearch.com/custom/5446
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Regional Analysis:
North America is expected to dominate the Global Health Information Exchange Market. Factors such as well-established healthcare infrastructure and the high adoption rate of digital healthcare contributing to the growth of the market in this region. Asia Pacific is expected to register a high CAGR over the forecast period. The factors affecting the growth of the health information exchange market in this region include growing initiatives for adopting EHR in Japan, along with increasing investments in the healthcare industry in China & India. Europe is expected to hold a significant share in the global health information exchange market.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
Global Health Information Exchange Market (HIE Market) industry developments include:
Increased Adoption of Cloud-based HIE: Cloud-based HIE solutions are popular because they are more scalable, flexible, and cost-effective than on-premise solutions. Healthcare practitioners can access patient data anytime, anyplace using cloud-based HIE solutions.
Development of Interoperability Standards: Interoperability between the various HIE systems and healthcare IT systems is becoming increasingly necessary in order to facilitate the sharing of information in a manner that is unhindered. This has led to the creation of standards that make it possible for different systems to work together. These standards include the Fast Healthcare Interoperability Resources (FHIR) and the Health Level Seven International (HL7) standards.
Focus on Patient Engagement: The emphasis on patient participation and empowering people to control their own health information is expanding. With the help of HIE technologies, patients can get to their personal health information and share it with their doctors.
Emergence of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being used more and more in HIE to look at patient data, find trends and patterns, and make diagnoses and treatment decisions that are more accurate.
To know an additional revised 2021 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/healthcare-information-exchange-market
Browse Other Related Research Reports from Zion Market Research:
Pharmaceutical Contract Packaging Market Increasing at A Phenomenal Pace to Reach USD 179.5 Billion by 2028: https://www.zionmarketresearch.com/news/pharmaceutical-contract-packaging-market
Oral Anti-Diabetic Drug Market To Report Immense Growth, Revenue To Surge To US$ 63.30 Billion By 2028: https://www.zionmarketresearch.com/news/oral-anti-diabetic-drug-market
Lyme Disease Diagnostics Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2028: https://www.zionmarketresearch.com/news/lyme-disease-diagnostics-market
Cannabis Cultivation Market To Register Remarkable Surge With USD 359.6 Bn Revenue By 2028: https://www.zionmarketresearch.com/news/cannabis-cultivation-market
CBD Nutraceuticals Market To Accrue Massive Returns Worth USD 8.12 Billion By 2028: https://www.zionmarketresearch.com/news/cbd-nutraceuticals-market
Pharmaceutical Intermediates Market To Procure Huge Returns Worth USD 39,779 Million By 2028: https://www.zionmarketresearch.com/news/pharmaceutical-intermediates-market
Medical Enzyme Technology Market To Register CAGR Of 6.2% Over 2021-2028: https://www.zionmarketresearch.com/news/medical-enzyme-technology-market
Respiratory Disorders Treatment Market To Earn Huge Profits Of Nearly US$ 112.5 Billion By 2028: https://www.zionmarketresearch.com/news/respiratory-disorders-treatment-market
Artificial Intelligence (AI) In Drug Discovery Market: Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2021-2028: https://www.zionmarketresearch.com/news/artificial-intelligence-drug-discovery-market
Leukemia Therapeutics Market To Reach New Milestones And USD 24.70 Billion By 2028: https://www.zionmarketresearch.com/news/leukemia-therapeutics-market
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/
Follow Us on Twitter: https://twitter.com/zion_research
Follow Us on Facebook: https://www.facebook.com/zionmarketresearch
Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/
Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs
Contact Us:
Rushikesh Dorge
USA: +1 347 690-0211
United Kingdom: +44 2032 894158
Japan: +81 50 5806 9039
India: +91 7768 006 007
Web: https://www.zionmarketresearch.com/
Blog: https://zmrblog.com/
Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?
Email Directly Here with Detail Information: sales@zionmarketresearch.com
