Nov 14, 2017 4:40 PM ET

Top Trends in Health Information Exchange Market to 2020 – North America Holds the Largest Share Followed by Europe and APAC

iCrowdNewswire - Nov 14, 2017

Growth in health information exchange market is mainly driven by federal mandates like Meaningful use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, , and need to curtail healthcare cost. Health information exchange market report involves sharing of health-related information electronically among healthcare stakeholders.

The health information exchange market is expected to reach USD 1,545.0 Million by 2020 from USD 990.6 Million in 2015, at a CAGR of 9.3%. North America dominated the market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

 

Complete report on Health Information Exchange Market spread across 201 pages, Profiling 12 Companies and Supported with 78 Tables and 41 Figures is now available at http://www.reportsnreports.com/reports/541891-health-information-exchange-market-by-set-up-type-public-private-type-pull-push-implementation-model-federated-hybrid-application-web-portal-secure-messaging-solution-type-portal-platform-centric-end-users-global-forecast-to-2020.html

 

It enables collaboration between healthcare stakeholders, reduces administrative tasks, and provides greater transparency in healthcare field, thus enhancing quality, safety, and efficiency of healthcare delivery. Requirement of significant infrastructural investments coupled with low return on investment and data security & privacy concerns are expected to restrain the growth of this market to a certain extent.

This report is useful for following audience
•    Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics)
•    Healthcare Insurance Companies/Payers
•    Healthcare IT Service Providers
•    Venture Capitalists
•    Government Bodies
•    Corporate Entities
•    Accountable Care Organizations

In this report, health information exchange market segmented on basis of type, setup type, solution, implementation model, application, end user, & region. In coming years, APAC region expected to witness highest growth rate in health information exchange market. Factors like investments and reforms to modernize China’s healthcare infrastructure, implementation of HCIT programs in Australia & New Zealand, and Japan’s ICT fund and initiatives to drive EHR adoption are driving market in APAC region.

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North America accounted for largest share of global health information exchange market in 2015, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Large share of North American market is attributed to mandates like Meaningful Use, increasing number of accountable care organizations and increasing adoption of HIE in hospitals. Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.

Some of key players in health information exchange market are covered in this research are
1.    Cerner Corporation (U.S.),
2.    Allscripts Healthcare Solutions, Inc. (U.S.),
3.    Relay Health Corporation (U.S.),
4.    eClinical Works (U.S.),
5.    Covisint Corporation (U.S.),
6.    NextGen Healthcare Information Systems, LLC (U.S.),
7.    Infor, Inc. (U.S.),
8.    Optum, Inc. (U.S.),
9.    Medicity, Inc. (U.S.),
10.   Epic Corporation Inc. (U.S.), and
11.    Orion Health (New Zealand)

Click now for more Details, Quiries and Discount and Other Information on this study “Health Information Exchange Market by Set Up Type (Public, Private), Type (Pull, Push), Implementation Model (Federated, Hybrid), Application (Web Portal, Secure Messaging), Solution Type (Portal, Platform Centric), & End Users – Global Forecast to 2020” report @ http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=541891 .

Health information exchange market is segmented into web portal development, workflow management, secure messaging, internal interfacing, and others (personal health records and chronic disease management). The web portal development segment accounted for the largest share of the health information exchange market in 2015.

However, the internal interfacing segment is expected to grow at the highest CAGR in the forecast period, owing to the rising need of streamlining workflow and reducing healthcare costs by eliminating medication errors.

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