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 : February, 2023 | 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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?