The global Healthcare Information Exchange (HIE) Market is
expected to reach USD 2.21 billion by 2024, according to a new report by Grand
View Research, Inc. The increasing need for greater access to patient health
information is a potent driver of the health information exchange market.
Additionally, the increasing awareness pertaining to the health information
exchange owing to the presence of government and non-profit organizations, such
as Healthcare Information and Management Systems Society (HIMSS), is the major
factor expected to drive the growth of the aforementioned industry over the
forecast period.
Furthermore, the increasing
focus towards advanced healthcare solutions along with the increased provision
of funds from government organizations to expand healthcare information systems
is expected to increase the adoption of HIE systems in the near future. For
example, the presence of the Agency for Healthcare Research and Quality (AHRQ),
which is instrumental in providing funds pertinent to HIE implementation in the
U.S.
Further key findings from the study suggest:
- The private health information exchange segment
dominated the setup type segment with respect to the revenue share of over
52.0% in 2015. This dominance is attributed to presence of larger number
of service providers and higher cost efficiency in the above-mentioned
segment.
- Under the category of implementation model of
health information exchange, the hybrid model segment is anticipated to
grow at a lucrative rate due to the associated benefits, such as improved
patient care delivery and enhanced operational efficiency of the practices
- Kentucky HIE is a hybrid model implemented with
an objective to provide patient information related to chronic disease
management and preventive health via messaging, alerts, and other
communication tools. Kentucky HIE also connects to the National Health
Information Network (NHIN) and enables interoperability across various
health systems.
- On the basis of solution type, the
platform-centric segment is expected to grow at a rapid growth rate in
2015. This can be attributed to the benefits associated with
platform-centric solutions, such as storage of colossal amounts of data
and facilitated health information exchange, thus the implied demand for
the products in the HIE market.
- In terms of applications, the internal
interfacing segment is the fastest growing segment. The increasing need to
connect with a larger number of patients through the use of patient
engagement tools and internal interfacing is presumed to propel the demand
for the health information exchange market.
- As of 2015, North America dominated the health
information exchange market at over 45.0% owing to the presence of vast
number of companies, supportive reimbursement policies, and the increasing
implementation of EHR
- Asia Pacific is expected to grow rapidly at a
CAGR of over 10.5% during the forecast period due to the rising disposable
income levels, the increased awareness levels amongst healthcare
practitioners regarding the healthcare information exchange systems, the
presence of outsourced HIE service providers, and the rising investments
in the healthcare industry by the major players
- Some key players in this sector are GE
Healthcare, eClinicalWorks, Siemens AG, Orion Health, Inc., Medicity,
Inc., IBM Corporation, CareEvolution, Inc., Cerner Corporation,
RelayHealth Corporation, and Allscripts Healthcare Solutions, Inc.
- The industry players are involved in strategic
collaborations and mergers & acquisitions. The participants are
striving to gain market penetration via offering end-to-end customized
services to the potential consumers. For instance, in March 2016,
Allscripts Healthcare Solutions, Inc. and AssistRX, Inc. entered into a
partnership agreement to develop technologically advanced HIE solutions
with enhanced speed and efficiency in prescribing specialty medications in
the U.S.
Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/health-information-exchange-hie-market
No comments:
Post a Comment