USD 1.29 billion
Health Information Exchange (HIE) Market Size, Share, Growth Analysis, By Exchange Type(Exchange, Query Based Exchange, and Consumer Mediated Exchange), By Set Up Type(Private HIE, Public HIE), By Implementation Model(Hybrid Models, Centralized Models, and Decentralized Models), By End User(Healthcare Providers, Healthcare Payers, and Pharmacies), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2105 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
90
|Figures:
76
Health Information Exchange (HIE) Market Insights
Health Information Exchange (HIE) Market size was valued at USD 1.6 Billion in 2023 and is poised to grow from USD 1.75 Billion in 2024 to USD 3.61 Billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).
Health Information Exchange (HIE) is becoming popular since It has many benefits.The various applications of health information exchange includes providing vehicles for improving quality and safety of patient care by reducing medication and medical errors.
Increases efficiency by eliminating unnecessary paperworks,Provide caregivers with clinical decision support tools for more effective care and treatment,It eliminates redundant or unnecessary testing, improves public health reporting and monitoring.Moreover, it creates a potential look for feedback between health related research and actual practice, facilitates efficient deployment for emerging technology and healthcare services, provides the backbone of technical infrastructure for leverage by national and state level initiatives and It serves as a basic level of interoperability among electronic health records and maintained by individual physicians and organization and most importantly, reduces the health related costs.
US Health Information Exchange Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
web portal development
Fastest Growth
web portal development
Growth Rate
9.7% CAGR
Global Health Information Exchange (HIE) Market ($ Bn)
Country Share for North America Region (%)
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Health Information Exchange (HIE) Market Segmental Analysis
Global Health Information Exchange (HIE) Market is segmented based on various criteria, including Exchange Type, Set Up Type, Implementation Model, End User, and region. By Exchange Type, the market is categorized into Directed Exchange, Query-Based Exchange, and Consumer-Mediated Exchange. Based on Set Up Type, the market is divided into Private Health Information Exchanges (HIE) and Public Health Information Exchanges (HIE). In terms of Implementation Model, the market is classified into Hybrid Models, Centralized Models, and Decentralized Models. The End User segment includes Healthcare Providers, Healthcare Payers, and Pharmacies. Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Health Information Exchange Market Analysis by Application
By application, the global market is divided into many segments such as Web Portal Development, Internal Interfacing, Workflow Management and others. Web Portal Development segment held the largest global Health Information Exchange (HIE) market share due to the wide range of benefits provided by Health Information Exchange (HIE) in it.Yes. Due to increased accessibility of patient health data which is accessible through patient portals, most of the healthcare systems and patients are using EIH in web portal development.Many healthcare solutions across the globe animals the patient to access and interact with the providers and gain valuable insights about their health conditions.Internal interfacing is expected to grow with highest CAGR owing to its ability to collect maximum patient information.
Global Health Information Exchange (HIE) Market Size By Application
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Health Information Exchange (HIE) Market Regional Insights
Globally, North America is estimated to hold the highest global Health Information Exchange (HIE) market share in 2021. Main factors during this growth period are the presence of top market players,growing government's initiative, increasing demand for EIH and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Health Information Exchange (HIE) technology in the region of Asia Pacific and mainly in China and Japan. In addition, various service providers are investing heavily in order to provide high speed internet services at an affordable price to the consumers, which is likely to boost the demand for Health Information Exchange (HIE) in the region.
Global Health Information Exchange (HIE) Market Size By Geography
- Largest
- Fastest
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Health Information Exchange (HIE) Market Dynamics
Health Information Exchange Market Drivers
Patient Centric Card Delivery to Bolster Market Growth
- The healthcare industry across the globe a seeing a gradual shift away from institution centric frameworks towards the patient centered care delivery due to the increasing penetration of communication technologies in healthcare industries.In contrast to institution centric frameworks, the patient centric care is associated with number of advantages including reduced hospital admission, decreased expenditure and reduced pressure on an already burdened system. Due to these advantages, patients tend to report positive experience, have more trust in their providers and are less likely to switch physicians, allowing for more continuity in care.This major benefits provided by health information exchange tends to increase the market in future.
Health Information Exchange Market Restraints
Outdated Legacy to Hinder Market Growth
- Electronic medical record systems, usually referred to as legacy systems with limited interoperability capabilities, are still in use in today's time.The data storage, input and inventory of data items are unique and often proprietary in them.Many of these systems are designed to prevent data exchange with other vendor solutions to protect market share and encourage purchases by Hospitals or clinic chains.However, effective and safer healthcare relies heavily on the ability to exchange data from one software to another and from one person to another. Therefore, updated electronic medical record system A is one of the vital factor solutions to achieve complete interoperability in healthcare..
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Health Information Exchange (HIE) Market Competitive Landscape
Competition in the global Health Information Exchange (HIE) market is expected to increase during the forecast period because new players are expected to enter the global market and the number of services compatible with Health Information Exchange (HIE) will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Health Information Exchange Market Top Player’s Company Profiles
- Orion Health
- Siemens Healthineers AG
- Veradigm LLC
- Medical Information Technology, Inc.
- Oracle
- Koninklijke Philips N.V.
- Chetu Inc.
- Aigilx Health
- Health Catalyst, Inc
- EPIC Systems Corporation
- Intersystems Corporation
- Kellton
- eClinicalWorks
- Nxgn Management, LLC
- Telstra Health
- CGI INC.
- Meditab
- Dreamsoft4u
- Excelicare
- Deloitte
Health Information Exchange Market Recent Developments
- In June 2022,HEALTHeLINK, the health information exchange (HIE) for Western New York, has announced a new affiliation agreement with Population Health Collaborative (PHC) to reduce health disparities impacting the wellness of people in Western New York.
Through this new affiliation, the organizations will build on HEALTHeLINK’s HIE infrastructure that supports the electronic exchange of clinical information among providers
Health Information Exchange (HIE) Key Market Trends
- Due to the rising inflation, the file access to interchange of patient health information, the concept of electronic health information exchange is crucial in improving the quality, speed, safety and most importantly, cost of patient treatment.Electronic health data transmission between clinicians and physicians minimize the need for excessive papers and record handling cost.Moreover, early sharing of patient data enables for better decision making and prevents readmissions and prescription errors and resisting expenditures.
Health Information Exchange (HIE) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Health Information Exchange (HIE) market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it Increases efficiency by eliminating unnecessary paperworks,Provide caregivers with clinical decision support tools for more effective care and treatment,It eliminates redundant or unnecessary testing, improves public health reporting and monitoring. Health Information Exchange (HIE) s will enable services to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.5 billion |
| Market size value in 2031 | USD 3.3 billion |
| Growth Rate | 9.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Health Information Exchange (HIE) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Health Information Exchange (HIE) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Health Information Exchange (HIE) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Health Information Exchange (HIE) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Health Information Exchange (HIE) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Health Information Exchange (HIE) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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