Healthcare Information Exchange Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Healthcare Information Exchange industry. Healthcare Information Exchange Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Healthcare Information Exchange Market report is expected to register a CAGR of 10% over a five years forecast period.”
List of Major Key players operating in the Global Healthcare Information Exchange Market are –
- Allscripts Healthcare Solutions
- Cerner Corporation
- Covisint Corporation (Open Text Corporation)
- Epic Corporation Inc.
- NextGen Healthcare Information Systems
- Orion Healthcare
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The global healthcare information exchange market is expected to register a CAGR of 10% during the forecast period, 2018 to 2023. Healthcare Information Exchange (HIE) is transmission of healthcare information electronically among healthcare professionals, Healthcare information organizations, and Government agencies within a region according to national standards.
Growing Demand for Healthcare Data Exchange
Health information exchange allows doctors, pharmacists, nurses, healthcare providers, and patients to access and securely share the patients medical information electronically, improving the quality, safety, speed, and cost of patient care.
Despite the availability of electronic data transfer, medical information of most of the Americans is stored either on paper, in boxes, or folders at their homes. The patients medical history and records are shared either by mail, fax, or by the patients themselves who carry them from appointment to appointment. While HIE cannot replace the patient-provider communication, it is capable of improving the management of a patients medical history, and other important information that can be reviewed during visits. Therefore, owing to these factors, the demand for collaboration between healthcare data among hospitals and other patient care centers, is accelerating. With the growing demand for data exchange, the healthcare information exchange market is expected to accelerate at a rapid, during the forecast years.
Other factors, such as government support in creating infrastructure for data exchange, and rising investment from government, private institutions and individuals, are driving the growth of the healthcare information exchange market.
Data Privacy and Security Concerns
According to the EHR interoperability survey conducted by Software Advice, 50% of the consumers are concerned over potential privacy violations, with regard to electronic records sharing, Only 39% of the consumers have providers who directly exchange records, and 25% delivered paper copies, and over 46% of the consumers would want their doctors to directly exchange the records, therefore, eliminating the privacy and security concerns regarding a third-party provider. Thus, privacy and security concerns are hindering the growth of the healthcare information exchange market. Other factors, such as huge initial infrastructural investment and slow return on investment, are also hindering the growth of the market.
Asia-Pacific is Expected to Grow with High CAGR
The Asia-Pacific region is anticipated to witness high growth in the healthcare information exchange market, due to the growing patient population, which demands improved information systems for the effective data management, as well as the increasing healthcare expenditure in Asia-Pacific countries, such as China and India.
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Global Healthcare Information Exchange Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Healthcare Information Exchange Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Healthcare Information Exchange market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Healthcare Information Exchange market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Healthcare Information Exchange Market Report:
- The report analyses how stringent emission control norms will drive the global Healthcare Information Exchange market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Healthcare Information Exchange market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Healthcare Information Exchange Market Report TOC Includes:
- Introduction of Healthcare Information Exchange Market
- Research Approach and Methodology
- Healthcare Information Exchange Market Overview
- Healthcare Information Exchange Market Segmentation
- Competitive Landscape
- Company Profiles
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