Global Healthcare Information Exchange Solutions Market To Record Excellent Growth With US$ 3,000.9 Million By 2030

April 2023 | Report Format: Electronic (PDF)

The need to control rising healthcare costs, the emphasis on patient-centered care delivery, rising support for EMR/HR and other HCIT solutions, rising funding for healthcare interoperability, and government initiatives to improve patient safety and care are some of the factors driving this market's growth. Due to the growing demand for the gathering, storage, and safe transmission of substantial amounts of healthcare data, the market for health information exchange (HIE) systems is anticipated to expand quickly. One of the main growth drivers of the overall health information exchange market is the rising focus of government organisations on encouraging the use of healthcare information technology to enhance healthcare quality. Providers are able to guarantee improved physician-patient engagement with real-time access to pertinent data. Effective communication and individualized monitoring can lead to better judgments and higher levels of patient compliance. These elements help to prevent bad health outcomes and improve medical results. Solutions for health information exchange that link and share patient-generated data raise the number of potential system risks.

Numerous such solutions are implemented on the same network in the majority of healthcare institutions. External parties, including law enforcement, data snoopers, and hackers, may have access to the data being sent across these networks. This could compromise the concerned person's privacy and endanger the organization's security. Personal data may also be given to the incorrect person, mishandled, and ultimately result in a security breach. Thus, worries about data security and privacy are likely to prevent healthcare interoperability solutions from being used, which may in turn limit market growth to some extent. In addition to concerns over data privacy, high deployment costs, and the continued usage of out-of-date legacy systems may limit market growth to some extent throughout the projection period.

The health information exchange market's highest revenue share was in North America. Its strong position in the local market is a result of widespread knowledge of HIE systems, ongoing government initiatives, the existence of non-profit organizations, and the presence of well-known firms based in this area, including Medicity and IBM Corporation.

Due to the growing patient population, which calls for better information systems for efficient data administration, as well as the rising healthcare costs in the emerging nations, such as China and India, the Asia Pacific area is predicted to have attractive growth prospects in the future. There are numerous government programmes supporting healthcare interoperability, and international HIT businesses are increasing their investments in the Asia Pacific market to take advantage of the expanding potential.

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Healthcare information exchange solutions Market Report Highlights

• In 2021, MEDITECH (US) entered an announced agreement with Steward Health Care, for the implementation of  MEDITECH's EHR system in 18 sites located across Arizona, Texas, and Utah among others. This decision was a part of Steward's "One Platform" strategy to bring all 35 hospitals under a single HER
• In 2021, Change Healthcare announced the launch of its nationwide Clinical Data Retrieval Solution, a new cloud-based interoperability solution that makes it possible for payers to quickly and easily retrieve patient records from the electronic health record (EHR) systems

HEALTHCARE INFORMATION EXCHANGE SOLUTIONS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Healthcare information exchange solutions Set up Type Outlook (Revenue, USD Million, 2017 - 2030)

• Private HIE
• Public HIE

Healthcare information exchange solutions Implementation Model Outlook (Revenue, USD Million, 2017 - 2030)

• Hybrid Models
• Centralized Models
• • Decentralized/Federated Models

Healthcare information exchange solutions Application Outlook (Revenue, USD Million, 2017 - 2030)

• Web Portal Development
• Workflow Management
• Secure Messaging
• Internal Interfacing
• Other Applications

Healthcare information exchange solutions Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

List of Key Players- Healthcare information exchange solutions Market

• Epic Systems Corporation
• Cerner Corporation
• Health Catalyst
• Intersystems Corporation
• MEDITECH
• Allscripts Healthcare Solutions Inc.
• Open Text Corporation.
• Medicity, Inc.
• NextGen Healthcare Information Systems LLC.
• Orion Health

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