The global healthcare information exchange (HIE) market is expected to reach USD 2.21 billion by 2024, according to a new report by Grand View Research, Inc. The increasing need for greater access to patient health information is a potent driver of the health information exchange market. Additionally, the increasing awareness pertaining to the health information exchange owing to the presence of government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS),is the major factor expected to drive the growth of the aforementioned industry over the forecast period.
Furthermore, the increasing focus towards advanced healthcare solutions along with the increased provision of funds from government organizations to expand healthcare information systems is expected to increase the adoption of HIE systems in the near future. For example, the presence of the Agency for Healthcare Research and Quality (AHRQ), which is instrumental in providing funds pertinent to HIE implementation in the U.S.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/health-information-exchange-hie-market
Further key findings from the study suggest:
·
The private health information exchange segment
dominated the setup type segment with respect to the revenue share of over
52.0% in 2015. This dominance is attributed to presence of larger number of
service providers and higher cost efficiency in the above-mentioned segment.
·
Under the category of implementation model of
health information exchange, the hybrid model segment is anticipated to grow at
a lucrative rate due to the associated benefits, such as improved patient care
delivery and enhanced operational efficiency of the practices
·
Kentucky HIE is a hybrid model implemented with
an objective to provide patient information related to chronic disease
management and preventive health via messaging, alerts, and other communication
tools. Kentucky HIE also connects to the National Health Information Network
(NHIN) and enables interoperability across various health systems.
·
On the basis of solution type, the
platform-centric segment is expected to grow at a rapid growth rate in 2015.
This can be attributed to the benefits associated with platform-centric
solutions, such as storage of colossal amounts of data and facilitated health
information exchange, thus the implied demand for the products in the HIE
market.
·
In terms of applications, the internal
interfacing segment is the fastest growing segment. The increasing need to
connect with a larger number of patients through the use of patient engagement
tools and internal interfacing is presumed to propel the demand for the health
information exchange market.
·
As of 2015, North America dominated the health
information exchange market at over 45.0% owing to the presence of vast number
of companies, supportive reimbursement policies, and the increasing
implementation of EHR
·
Asia Pacific is expected to grow rapidly at a
CAGR of over 10.5% during the forecast period due to the rising disposable
income levels, the increased awareness levels amongst healthcare practitioners
regarding the healthcare information exchange systems, the presence of
outsourced HIE service providers, and the rising investments in the healthcare
industry by the major players
·
Some key players in this sector are GE
Healthcare, eClinicalWorks, Siemens AG, Orion Health, Inc., Medicity, Inc., IBM
Corporation, CareEvolution, Inc., Cerner Corporation, RelayHealth Corporation,
and Allscripts Healthcare Solutions, Inc.
·
The industry players are involved in strategic
collaborations and mergers & acquisitions. The participants are striving to
gain market penetration via offering end-to-end customized services to the
potential consumers. For instance, in March 2016, Allscripts Healthcare
Solutions, Inc. and AssistRX, Inc. entered into a partnership agreement to
develop technologically advanced HIE solutions with enhanced speed and
efficiency in prescribing specialty medications in the U.S.
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Grand View Research has segmented the health information exchange market on the basis of setup type, implementation model, solution type, application, and region:
Global health information exchange setup type outlook (Revenue, USD Million, 2013- 2024)
·
Private HIE
·
Public HIE
Global health information exchange implementation model outlook
(Revenue, USD Million, 2013 - 2024)
·
Centralized
·
Decentralized
·
Hybrid
Global health information exchange solution type outlook (Revenue,
USD Million, 2013 - 2024)
·
Portal-Centric
·
Platform-Centric
·
Messaging-Centric
Global health information exchange application outlook (Revenue, USD
Million, 2013 - 2024)
·
Web Portal Development
·
Internal Interfacing
·
Workflow Management
·
Others
Health information exchange regional outlook (Revenue, USD Million,
2013 - 2024)
·
North America
·
U.S
·
Canada
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
Japan
·
China
·
India
·
Latin America
·
Mexico
·
Brazil
·
MEA
·
South Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it
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