About Health Information Exchange
Health information exchange is the transmission of information electronically of healthcare-related data among health information organizations, medical facilities. Health information exchange allows doctors, nurses, pharmacists, patients, and other health care providers to appropriately access and securely share a patient’s vital medical information electronically improving the speed, quality, cost of patient care and safety. By using health information exchange patient’s records such as past history, current medications, and other information are stored and transferred safely, which gives a big effect on care. This is anticipating the growth of the health information exchange market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.92% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Allscripts Healthcare Solutions, Inc., RelayHealth Corporation, Cerner, and eClinicalWorks. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Health Information Exchange market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allscripts Healthcare Solutions, Inc. (United States), RelayHealth Corporation (United States), Cerner Corporation (United States), eClinicalWorks (United States), NextGen Healthcare Information Systems, LLC (United States), Infor (United States), Optum, Inc. (United States), Epic Systems Corporation (United States), Orion Health (New Zealand) and InterSystems Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Health Information Exchange market by Type (Directed Exchange, Query-Based Exchange and Consumer Mediated Exchange), Application (Workflow Management, Secure Messaging, Internal Interfacing and Web-Portal Development) and Region.
On the basis of geography, the market of Health Information Exchange has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Implementation Model, the sub-segment i.e. Federated will boost the Health Information Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Portal-centric will boost the Health Information Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmacies will boost the Health Information Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Set up, the sub-segment i.e. Private will boost the Health Information Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Health Information Exchange Integrated with Different Operating Systems at the Hospitals, Clinics, and Labs
Market Growth Drivers:
Increasing Demand from the Doctors during the Emergency Cases for Reviewing Patient's History and Increasing Incidences of Cardiac Arrests and Decentralized Treatments
Restraints:
Rising Data Breaches in the Health Information Exchange
Opportunities:
Technological Advancement and Development in the Health Information Exchange
Market Leaders and their expansionary development strategies
In August 2022 , Availity, one of the nation's largest real-time health information networks, announced a definitive agreement to acquired Diameter Health, a national leader in clinical data quality and interoperability.
On 11, February 2019, Infor has announced the continued success for its healthcare business unit at HIMSS 2019. The company continues to see the adoption of Infor CloudSuite Healthcare grow over the past fiscal year, and applications specific to healthcare for human resources, and interoperability, financial and supply chain management, contributed to new and expanding relationships with more than 150 healthcare organizations.
Key Target Audience
Health Information Exchange Providers, Healthcare Research Centre, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.