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Healthcare Information Exchange Market Overview, Driver, Restraints, Opportunities (Growing Demand) Forecast Report 2024

Healthcare Information Exchange

The Healthcare Information Exchange Market Report provides comprehensive information on the top of market owners, their annual transactions, the stability of their actions and the strategies used to attract the activity. Healthcare Information Exchange Market report also highlights some of the rules and regulations that have been established by the governing bodies of some countries that can stimulate and restrict commercial activities in certain parts of the world. The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.

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Healthcare Information Exchange Market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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 patient’s 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 patient’s 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 patient’s 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.

Key Developments in the Market

• January 2018 – Allscripts had announced a definitive agreement to acquire Practice Fusion.
• December 2017 – Orion Health and Koble Group established a Multi-state Public HIE.
• October 2017 – Allscripts had acquired the McKesson’s Enterprise Information Solutions business.

Major Players: ALLSCRIPTS HEALTHCARE SOLUTIONS, INC., CERNER CORPORATION, COVISINT CORPORATION (OPEN TEXT CORPORATION), EPIC CORPORATION INC., INFOR, INC.,
MEDICITY, INC., NEXTGEN HEALTHCARE INFORMATION SYSTEMS, LLC, OPTUM, INC., and ORION HEALTHCARE, among others.

Reasons to Purchase the Report

• Current and future global healthcare information exchange market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• 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 market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

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Healthcare Information Exchange Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Healthcare Information Exchange Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.

The Objectives of this report are:

  • To define, describe, and analyze the Healthcare Information Exchange market on the basis of product type, application, and region
  • To forecast and analyze the size of the Healthcare Information Exchange market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
  • To forecast and analyze the Healthcare Information Exchange market at country-level in each region
  • To strategically analyze each submarket with respect to individual growth trends and its contribution to the Healthcare Information Exchange market
  • To analyze opportunities in the Healthcare Information Exchange market for stakeholders by identifying high-growth segments of the market

Key Questions Answered in Healthcare Information Exchange market report:

  • What will the market size be in 2024 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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Healthcare Information Exchange Market Report Provides Comprehensive Analysis as Following:

Market segments and sub-segments

Market size & shares

Market trends and dynamics

Market Drivers and Opportunities

Market Analysis and Segmentation

Competitive landscape

Supply and demand

Technological inventions in Healthcare Information Exchange trade

Marketing Channel Development Trend

Healthcare Information Exchange Market Positioning

Pricing Strategy

Brand Strategy

Target consumer

Distributors/Traders List enclosed in Positioning Healthcare Information Exchange Market

Healthcare Information Exchange Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Healthcare Information Exchange Market 2019 report presents the descriptive analysis of the Healthcare Information Exchange Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Healthcare Information Exchange Market competitors.

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