Global Health Information Exchange Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to -2018-2026
Summary -
A new market
study, titled “Global Health Information
Exchange Market - Upcoming Trends, Growth Drivers and Challenges –
Forecast to -2018-2026” has been featured on WiseGuyReports.
The objective of the report is to present a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data,
industry-validated market data and projections with a suitable set of
assumptions and methodology. The report also helps in understanding health
information exchange market dynamics, structure by identifying and analyzing
the market segments by set up type, implementation model, solution type,
application and region and, project the global market size. A detailed snapshot
of the said market with the analysis of Porter’s five forces has been provided
in a bid to present a concise and clear landscape of the market vendors to the
readers. The market intelligence study also points at mergers, important
conglomerates, numerous research and development activities, acquisitions, and
corroborations. The companies that have been profiled in the study come with
thorough examination based on their market shares, prime products, and
marketing strategies.
There is a greater need for more access to health information patients,
rising awareness about healthcare information exchange technology, increasing
collaborations between the stakeholders, increasing EHR adoption rate are a few
of the primary growth promoting elements that are major drivers boosting the
market for health information exchange. Whereas factors such as high cost,
interoperability issues and slugged on investment are restraining the market
growth.
Health information exchange enables speedy access and sharing of
patient's clinical data to the healthcare providers for providing effective,
timely and efficient delivery of care to the patient. Sharing of patient
information on time helps in effective decision making, avoids readmission and
medication errors, improves diagnostic rate and, decreases duplicate testing.
Supportive initiatives from governments across the globe to promote the use of
healthcare information technology is also likely to fuel market development in
the coming years. Moreover, increasing use of Electronic Health Records (EHRs)
over conventional paper-based records to reduce maintenance costs can have a
positive impact on the market growth.
Demand of EHR (Electronic Health Records) and PHR (Personal Health
Records) within developing economies compared to develop economies is growing
at faster rate is driving the growth of health information exchange market in
developing economies. The demand for cloud based systems, mobile health
applications, and emerging economies are offering opportunities for the
healthcare IT providers.
Based on setup type, the market is segmented into private HIE and public
HIE. Private HIE accounted for the largest share of the health information
exchange market in 2017. Due to the large numbers of a service provider and
increased level of physician engagement at each level of the information system
is expected to boosting the market in the forecast period. Besides, private HIE
offered fewer governance issues and high workflow efficiency can drive the
segment in the forecast period.
By Type, Directed exchange gives health care providers the ability to
electronically send and receive secure information, whereas Query-based
exchange gives health care providers the ability to find and/or request
information on a patient from other providers and is often used for emergency
care.
By implementation model, the health information exchange market is
categorized into centralized, Centralized/decentralized, hybrid, Decentralized,
and health record banking or patient -managed models. The hybrid model segment
accounted for the largest share of the global health information exchange
market, by implementation model, in 2017. The benefits, such as improved
patient care delivery and enhanced operational efficiency of the practices
enhanced the market growth for the forecast period.
On the basis of solution type, the platform-centric segment is expected
to grow at a rapid growth rate in 2017. 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.
The solution type is further segmented into platform-centric,
portal-centric, clinical data management and personal health records. The
Portal segment is considered to hold the largest market share of health
information exchange and is anticipated to witness robust growth over the
forecast period due to the increasing use of electronic health records in the
developed countries.
Based on application, the market can be segmented into workflow
management, internal interfacing, web Portal Centric development, and others.
Web Portal Centric development was the dominant segment in 2017 and accounted
highest global market share. Easy accessibility of patient health records
offered by these portals is expected to be the key factor driving their demand.
Internal interfacing is also estimated to witness a healthy CAGR during the
forecast period due to its ability of store large volume of patient data.
As of 2017, 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 high CAGR 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. In
addition, increasing awareness level among people about HIE, various
initiatives undertaken by government in emerging economic countries such as
India, China and Japan are the factors driving the market growth over forecast
period. The demand for mobile health applications and, cloud based systems are
offering opportunities for the healthcare IT providers.
Scope of Global Health Information Exchange Market:
Global Health Information Exchange Market, by Set up Type:
Public
Private
Global Health Information Exchange Market, by Type:
Directed Exchange
Query-Based Exchange
Consumer Mediated Exchange
Global Health Information Exchange Market, by Implementation Model:
Centralized
Hybrid
Decentralized
Global Health Information Exchange Market, by Solution Type:
Portal Centric
Platform Centric
Clinical data management
Global Health Information Exchange Market, by Application:
Web Portal
Secure Messaging
Internal interfacing
Others
Global Health Information Exchange Market, by Region:
North America
Europe
Middle East & Africa
Asia Pacific
South America
Key Players Operating In Global Health Information Exchange Market:
Allscripts Healthcare Solutions Inc.
Relay Health Corporation
Cerner Corporation
EClinicalWorks
NextGen Healthcare Information Systems, LLC
Infor Inc.
Optum Inc.
Epic Corporation Inc.
Orion Health
GE Healthcare
Siemens AG
IBM Corporation
Medicity Inc.
CareEvolution Inc.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3925815-global-health-information-exchange-market-industry-analysis-and-forecast-2018-2026
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