Global Health Information Exchange Market - Growth Drivers, Opportunities and Forecast Analysis to 2023
Summary -
A new market
study, titled “Global Health Information Exchange Market
- Growth Drivers,
Opportunities and Forecast Analysis to 2023” 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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