Healthcare Information Exchange Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
- April 2027
- Healthcare IT
- 0 pages
Healthcare information exchange (HIE) is an integral part of health information technology (HIT) infrastructure. HIE refers to the mobilization of healthcare information electronically within defined geographical area to bring healthcare stakeholder together.Stakeholder includes pateints, doctors, nurses, pharmacists, labs, and other health care providers. According to the study conducted at Sushoo Health Information Exchange, present method of exchanging patient information incurs cost of approximately USD 17,160 annually for single clinician practice. Henceforth, creates a demand foreffective electronic storage and exchange of patient information system. Thus, HIE facilitatesspeedy access and sharingof patients clinical data to the healthcare providersfor providing timely, effective and efficient delivery of care to the patient. Timely sharing of patient information helps in effective decision making the time of point of care, avoids readmissions, medication erros, decreases duplicate testing and improve diagnosis rate. HIE consists of clinical data from providers, activity and cost data from payers and providers, and public health data. The technology provides high standard of patient care along with reduced expenses associated with manual printing of document, physical mailing of patient records, time and efforts involved in recovering patient reports. However, structure and geographical scope of HIEs may vary across the country. Some may serve to small geographic region, some across the state or some may serve to the multistate region.
Need for greater access to patient health information, rising awareness of HIE technology, enhanced stakeholders collaborations are some of the major drivers for health information exchange market. Additionally, increasing U.S. government incentive program and high cost associated with health information exchange current system are other factorsanticipated to propel the growth of HIE industry. However, complex technology, high initial investment, and less return on investment are major restrain of the market.
The HIE market can be categorized based on the set up type, by implementation model and by vendors type. On the basis of set up type market can be further segmented into private HIE and public HIE. Furthermore, based on implementation type market could be classified into centralized model, decentralized model, and hybrid model. By considering vendor’s type market of health information exchange can be further segmented into platform centric, messaging centric, portal centric, and others such as personal health records (PHR) and clinical data management (CDM). Geographically, HIE market is categorized into North America, Europe, Asia Pacific, Latin America and RoW.
Among the implementation type, hybrid model is considered as a potential market segment as it is a combination of both centralized and decentralized model hence offers advantages associated with both of the above mentioned types.In set up typesegment private health information exchange market dominates the market due to their clear business model,physician engagement at every level of HIE, and steady flow of funds for development. Portal centric segment is currently the largest market share holder of health information exchange in vendor types and is anticipated to grow further at a substantial growth rate in the near future. Geographically in 2013, largest share of the market was accounted by North America, due to presence of majority of companies in the U.S. however, Asia Pacific is expected to grow at a higher rate due to increasing awareness about HIE, rising population base and various initiatives being undertaken by the governments in countries such as India, China, Japan and South Korea.
Some of the major players in the healthcare information exchange market includes AT&T, Inc., GE Healthcare, IBM Corporation, InterSystems Corporation, Medicity, Siemens AG, CareEvolution Inc., Cerner Corporation, and Orion Health.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.
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