Market Overview:
The global healthcare information exchange market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for exchanging healthcare data across different geographies and the rising need for secure and efficient data sharing among various stakeholders in the healthcare sector. The global healthcare information exchange market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into centralized/consolidated models, decentralized/ federated models, and hybrid model. Centralized/consolidated models are those where all data is stored in a central location and accessed by authorized users only. Decentralized/ federated models are those where data is distributed among multiple nodes that are connected through a network or an electronic health record (EHR). Hybrid model refers to a combination of both centralized and decentralized architectures. On the basis of application, the market can be classified into healthcare providers (hospitals & care providers), public health agencies, medical research institutions, and others (pharmaceutical companies & insurance companies). Region-wise, North America dominates this market followed by Europe due to early adoption of technology coupled with rising awareness about benefits associated with HIEs in these regions.
Product Definition:
A healthcare information exchange (HIE) is a secure system that allows authorized healthcare providers to electronically share patient information, including test results, medication lists, and other clinical data. HIEs improve the quality and efficiency of care by allowing providers to access the most up-to-date patient information. They also help reduce medical errors and promote coordinated care.
Centralized /Consolidated Models:
Centralized/Consolidated models are a new business model in the healthcare information exchange market. They are majorly used for revenue cycle management, patient engagement and care management applications. The key drivers of this model include increasing pressure to reduce costs, growing need for real-time data and increasing demand to improve quality.
This model is also known as shared service center or central service department (CSC).
Decentralized / Federated Models:
Decentralized and Federation models are two types of HIEx solutions. Decentralized model is a type of network architecture in which there is no center or head office, all the nodes are equal and there is no controlling entity between the users. In this model, data can be stored anywhere; however, it will not be controlled by any central authority but by the users themselves thereby ensuring privacy and security for individual's data.
Application Insights:
The healthcare provider segment dominated the global healthcare information exchange market in 2017. This can be attributed to the increasing demand for electronic medical records and rising investments by various governments in developing infrastructure for eHealth. For instance, as per a white paper published by Accenture, an IT services company, hospitals are spending around USD 15 billion annually on maintaining patient data within their Electronic Health Records (EHRs). The paper also states that around 25% of this expenditure goes towards interoperability with other systems.
The public health agencies segment is expected to register the highest CAGR over the forecast period owing to increased government initiatives such as MyT1D Hero and myCancerBuddy programs in Australia. These initiatives aim at improving population health through enhanced communication between different players involved in disease management such as care providers & patients, researchers & clinical partners and policy makers & civil society organizations.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, increased adoption rate of EHRs and increasing government support for implementation of healthcare IT systems. The U.S., which is at the forefront, accounted for more than 80% share in North America as it is one of the most developed countries with high acceptance and usage rates for advanced technologies such as EHRs &c. Moreover, according to an article published by Modern Healthcare magazine in 2018; almost 90%of hospitals are using some form or another off EHR software that provides care coordination between providers while about 60%are completely reliant on these systems for patient care delivery.
Asia Pacific region is expected to grow at a lucrative CAGR over the forecast period owing to factors such as improving healthcare infrastructure due to rising investments from public & private entities along with growing demand from end-users including patients and physicians.
Growth Factors:
- Increasing demand for better healthcare services and rising awareness about the benefits of Healthcare Information Exchange are the key growth drivers for this market.
- The increasing use of information technology in the healthcare sector is also propelling the growth of this market.
- The growing number of mergers and acquisitions in this market is another major factor that is fuelling its growth.
- The increasing demand for cloud-based Healthcare Information Exchange solutions is also contributing to the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Information Exchange Market Research Report
By Type
Centralized /Consolidated Models, Decentralized / Federated Models, Hybrid Model
By Application
Healthcare Provider (Hospitals, Care Provider), Public Health Agency, Medical Research Institution
By Companies
Allscripts, Cerner, OpenText, Epic Systems, Infor, Medicity, NextGen, Optum, Orion Health
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Information Exchange Market Report Segments:
The global Healthcare Information Exchange market is segmented on the basis of:
Types
Centralized /Consolidated Models, Decentralized / Federated Models, Hybrid Model
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare Provider (Hospitals, Care Provider), Public Health Agency, Medical Research Institution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allscripts
- Cerner
- OpenText
- Epic Systems
- Infor
- Medicity
- NextGen
- Optum
- Orion Health
Highlights of The Healthcare Information Exchange Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Centralized /Consolidated Models
- Decentralized / Federated Models
- Hybrid Model
- By Application:
- Healthcare Provider (Hospitals, Care Provider)
- Public Health Agency
- Medical Research Institution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Information Exchange Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare Information Exchange (HIE) is a system that allows healthcare providers to share patient health information electronically. This can include medical records, test results, and other health information. HIE helps to improve the quality of care for patients by allowing doctors and nurses to share important information quickly and easily.
Some of the major companies in the healthcare information exchange market are Allscripts, Cerner, OpenText, Epic Systems, Infor, Medicity, NextGen, Optum, Orion Health.
The healthcare information exchange market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Information Exchange Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Information Exchange Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Information Exchange Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Information Exchange Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Information Exchange Market Size & Forecast, 2020-2028
4.5.1 Healthcare Information Exchange Market Size and Y-o-Y Growth
4.5.2 Healthcare Information Exchange Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Centralized /Consolidated Models
5.2.2 Decentralized / Federated Models
5.2.3 Hybrid Model
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare Provider (Hospitals
6.2.2 Care Provider)
6.2.3 Public Health Agency
6.2.4 Medical Research Institution
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Information Exchange Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Information Exchange Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Centralized /Consolidated Models
9.6.2 Decentralized / Federated Models
9.6.3 Hybrid Model
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare Provider (Hospitals
9.10.2 Care Provider)
9.10.3 Public Health Agency
9.10.4 Medical Research Institution
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Centralized /Consolidated Models
10.6.2 Decentralized / Federated Models
10.6.3 Hybrid Model
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare Provider (Hospitals
10.10.2 Care Provider)
10.10.3 Public Health Agency
10.10.4 Medical Research Institution
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Centralized /Consolidated Models
11.6.2 Decentralized / Federated Models
11.6.3 Hybrid Model
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare Provider (Hospitals
11.10.2 Care Provider)
11.10.3 Public Health Agency
11.10.4 Medical Research Institution
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Centralized /Consolidated Models
12.6.2 Decentralized / Federated Models
12.6.3 Hybrid Model
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare Provider (Hospitals
12.10.2 Care Provider)
12.10.3 Public Health Agency
12.10.4 Medical Research Institution
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Centralized /Consolidated Models
13.6.2 Decentralized / Federated Models
13.6.3 Hybrid Model
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare Provider (Hospitals
13.10.2 Care Provider)
13.10.3 Public Health Agency
13.10.4 Medical Research Institution
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Information Exchange Market: Competitive Dashboard
14.2 Global Healthcare Information Exchange Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allscripts
14.3.2 Cerner
14.3.3 OpenText
14.3.4 Epic Systems
14.3.5 Infor
14.3.6 Medicity
14.3.7 NextGen
14.3.8 Optum
14.3.9 Orion Health
