The health information exchange market is expected to reach USD 1,545.0 Million by 2020 from USD 990.6 Million in 2015, at a CAGR of 9.3%. North America dominated the market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
Complete report on Health Information Exchange Market spread across 201 pages, Profiling 12 Companies and Supported with 78 Tables and 41 Figures is now available at http://www.reportsnreports.com/reports/541891-health-information-exchange-market-by-set-up-type-public-private-type-pull-push-implementation-model-federated-hybrid-application-web-portal-secure-messaging-solution-type-portal-platform-centric-end-users-global-forecast-to-2020.html .
Growth in the global health information exchange market is mainly driven by federal mandates like Meaningful use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, , and need to curtail healthcare cost. However, requirement of significant infrastructural investments coupled with low return on investment and data security & privacy concerns are expected to restrain the growth of this market to a certain extent.
is useful for following audience
- Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics)
- Healthcare Insurance Companies/Payers
- Healthcare IT Service Providers
- Venture Capitalists
- Government Bodies
- Corporate Entities
- Accountable Care Organizations
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North America accounted for the largest share of the global health information exchange market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of the North American market is attributed to mandates like Meaningful Use, increasing number of accountable care organizations and increasing adoption of HIE in hospitals. Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.
Some of the key players in the global health information exchange market are covered in this research are as follow Cerner Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Relay Health Corporation (U.S.), eClinical Works (U.S.), Covisint Corporation (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc. (U.S.), Optum, Inc. (U.S.), Medicity, Inc. (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand).
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By application, the market is segmented into web portal development, workflow management, secure messaging, internal interfacing, and others (personal health records and chronic disease management). The web portal development segment accounted for the largest share of the health information exchange market in 2015. However, the internal interfacing segment is expected to grow at the highest CAGR in the forecast period, owing to the rising need of streamlining workflow and reducing healthcare costs by eliminating medication errors.
In the coming years, the APAC region is expected to witness the highest growth rate in the health information exchange market. Factors such as investments and reforms to modernize China’s healthcare infrastructure, implementation of HCIT programs in Australia and New Zealand, and Japan’s ICT fund and initiatives to drive EHR adoption are driving the market in the APAC region.
On related note another research titled with care management solutions market is expected to reach USD 15.70 billion by 2021 from USD 6.93 billion in 2016, at a CAGR of 17.8% during the forecast period from 2016 to 2021 is available at http://www.reportsnreports.com/reports/297401-care-management-solutions-market-by-component-software-services-delivery-mode-on-premise-web-cloud-end-user-payer-provider-employer-groups-government-bodies-trends-global-forecasts-to-2018.html .
Explore more reports on Healthcare Information Technology at www.reportsnreports.com/market-research/medical-devices/ .
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