What is the global market size of Health Information Exchange (HIE) Market?

Health Information Exchange (HIE) Market size was valued at USD 1.38 billion in 2022 and is poised to grow from USD 1.55 billion in 2023 to USD 3.90 billion by 2031, growing at a CAGR of 12.2% in the forecast period (2024-2031).

Who are the key vendors in the Global Health Information Exchange (HIE) Market?

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. 'Allscripts Healthcare Solutions, Inc.', 'Cerner Corporation', 'eClinicalWorks', 'Epic Systems Corporation', 'GE Healthcare', 'Health Catalyst', 'IBM Corporation', 'InterSystems Corporation', 'Koninklijke Philips N.V.', 'McKesson Corporation', 'MEDITECH', 'NextGen Healthcare, Inc.', 'Optum, Inc.', 'Orion Health', 'Siemens Healthineers', 'Softheon, Inc.', 'Sunquest Information Systems, Inc.', 'Syntellis Performance Solutions', 'The Advisory Board Company', 'ZeOmega Inc.'

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 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.

Health Information Exchange (HIE) Market Report Snapshots

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Global Health Information Exchange Market size was valued at USD 1.5 billion in 2022 and is poised to grow from USD 1.6 billion in 2023 to USD 3.3 billion by 2031, growing at a CAGR of 9.5% during the forecast period (2024-2031).

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. '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'

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.

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.

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Health Information Exchange (HIE) Market Regional Insights

Health Information Exchange (HIE) Market Report Snapshots

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What is the global market size of Health Information Exchange (HIE) Market?

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