Health Information Exchange (HIE) Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 to 2030

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Health Information Exchange (HIE) Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 to 2030

Status : June, 2021 | Healthcare IT

Report Digest

Health Information Exchange (HIE) Market: Overview

The rise in world population, coupled with the increasing number of various chronic and acute diseases are the prime factors augmenting the health information exchange market. This is owing to the increase in healthcare and medical expenditures and the rising adoption of various medical solutions such as EHRs and HCIT. Health information exchange (HIE) is the electronic transmission of healthcare-related information among clinical offices, health information associations - organizations that direct and oversee the exchange of this information - and government offices as indicated by public norms.

The global health information exchange or the HIE market is classified on the basis of setup type, implementation model, type, application, solution, end user, and region. In terms of setup type, the market is divided into public HIE, and private HIE. Based on implementation model, the market is grouped into decentralized/ federated models gastrointestinal surgeries. With respect to type, the market is classified into consumer-mediated exchange, querry-based exchange, directed exchange. With respect to application, the market is classified into internal interfacing, secure messaging, workflow management, web portal development, and other applications. As per solution, the market is categorized into platform-centric solutions, messaging-centric solutions, and portal-centric solutions. As per classification by end user, the market is divided into pharmacies, healthcare payers, and healthcare providers.

The report offers an in-depth analysis of the market for health information exchange and focuses on the prime growth trajectories. It also describes the table of segmentation in details and mentions the names of the leading segment with its attributed factors. Additionally, the report discusses the impact of the COVID19 pandemic on this market and what strategies can be adopted to attract revenues during this time. Furthermore, the report lists the names of companies functioning in the market and their key contributions to the market in terms of trends and innovations.

Health Information Exchange (HIE) Market: List of Manufacturers

Companies operating in the global health information exchange market are indulging in motivating government agencies to indulge in advanced medical support for providers. The increasing adoption of EMR solutions and other medical aid will not only create lucrative growth opportunities for the market. Other players are indulging in collaborations and merger strategies to attract more revenues for their brand, thereby intensifying the global competition.

Some of the prominent players of the global health information exchange market include:

  • Meditech
  • Intersystems Corporation
  • Health Catalyst
  • Cerner Corporation
  • Epic Systems Corporation
  • Others

Health Information Exchange (HIE) Market: Drivers and Restraints

The expanded utilization of mechanized advancements, for example, EHRs and clinical cases handling and the shift towards healthcare mix and health information exchanges (HIEs) have extended the healthcare protection and security scene. Electronic exchange of patient information offers more noteworthy reach and productivity in healthcare conveyance however is related with more prominent information hazard and responsibility because of this more extensive access. Wide tolerant information exchanges lead to protection and security dangers and increment the odds of information breaks. In healthcare, roughly 33% of information breaks bring about clinical data fraud principally because of absence of interior command over understanding information, obsolete strategies and methodology or non-adherence to existing ones, and lacking staff preparing.

Health Information Exchange (HIE) Market: Regional Analysis

Regionally, the market generated the largest share from North America, followed closely by Europe. Additionally, the market in Asia Pacific is projected to create lucrative growth opportunities during the forecast period, owing to the increasing prevalence of chronic diseases and the improving medical healthcare infrastructure. This coupled with the increasing support by the government in terms of infrastructural development and medical equipment will help Asia Pacific generate notable revenues in the years to come.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?