(Health-NewsWire.Net, November 30, 2017 ) According to the report Healthcare Information Exchange Market, published by Market Data Forecast, the North America market was worth USD 352.51 million in 2017 and estimated to be growing at a CAGR of 8.45%, to reach USD 528.84 million by 2022.
Also called the HIE, Healthcare Information Exchange facilitates the transfer of medical data or products electronically across various organizations, countries or regions. This mutual exchange of the information allows secure, accurate, safer and customized results which cater to a patients need.
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Healthcare Information Exchange Market: Drivers & Restraints
Reasons for the rapid forecasted growth of this market are increased focus on catering to patients needs, reduced money required for health assistance and acceptance of new ideas in healthcare. Still, doubts over quality, absence of budget planning, are leading to the decrease of HIE practice.
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Healthcare Information Exchange Market: Segmentation
By Type
Direct Exchange
Query Based Exchange
Consumer Mediated Exchange
By Implementation Model
Centralized/consolidated models
Decentralized/Federated models
Hybrid Model
By Setup Type
Private
Public
By Application
Internal Interfacing
Secure messaging
Work flow management
Web portal Development
Patient safety
By Component
Enterprise Master Person Index (EMPI)
Healthcare Provider Directory (HPD)
Record Locator Service (RLS)
Clinical Data Repository
By End User
Healthcare provider
Public Health Agency
Medical Research Institution
Medical Professional
Patient
By Geography
North America
o United States
o Canada
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Healthcare Information Exchange Market: Overview
In 2017, directed exchange sub segment was the market leader of the type segment of the regional market. The private sub segment is not only expected to account for the major share of the setup type segment but is also anticipated to witness a lucrative growth rate in the coming years owing to the better connectivity with other exchanges is the reason attributable to the observable trend mentioned above. The portal-centric segment dominated the solution segment of the market. The platform-centric sub segment is anticipated to witness significant growth rate in the coming years. The web portal sub segment was the market leader of the application segment of the market. The Internal interfacing segment is expected to witness a robust growth in the coming years. The hybrid model sub segment is expected to dominate the market as well as witness a very lucrative growth rate. The Provider sub-segment dominated the end user segment.
As of 2017, North America is held the largest share of the health care information market in terms of revenue owing to the augmenting geriatric population requires better and more efficient data management systems.
Healthcare Information Exchange Market: Key Players
Some of the major players present in the North America market are Allscripts Healthcare Solutions Inc., RelayHealth Corporation, Infor Inc., Cerner Corporation, eClinicalWorks, NextGen Healthcare Information Systems LLC, Optum Inc., Covisint Corporation, Epic Corporation Inc., and Orion Health.
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