Health Information Exchange (HIE) Market Key Players, End User Demand and Analysis Growth Trends by 2030.


The Global Health Information Exchange (HIE) market size was worth USD 316.40 million in 2022 and is estimated to grow to USD 637.05 million by 2030, with a compound annual growth rate (CAGR) of approximately 12.45% over the forecast period.

health

Infrastructure for the exchange of health information is being created to allow data distribution and sharing among providers as well as the sharing of health information records systems among providers in different geographical areas of the nation. The Nationwide Health Information Exchange Network will be the driving force behind data sharing among clinicians and health systems.

HIMSS actively contributes to the development of health information exchanges and offers a variety of tools and statistical resources for professionals interested in health information exchange around the world. Through health information exchange, doctors, nurses, pharmacists, healthcare providers, and patients can quickly, safely, and effectively access and share any crucial health information.

Despite the ubiquitous availability of health information sharing, the majority of medical records are kept on paper. These medical records are shared by patients themselves, by fax, by email, or both.

Although patient-provider dialogue cannot be replaced, health information exchange can improve the completeness of the patient's records, which will contain the patient's history, current prescriptions, and other health-related information. Important patient data that is shared on time can aid in making decisions when they are most needed.

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Through the exchange of health information, patient data can be used to eliminate duplicate testing, improve diagnoses, prevent prescription errors, and prevent readmissions. A list of patients will be automatically generated if, for instance, lab results are obtained electronically through a health information exchange and added to a provider's electronic health records. The provider can then schedule any necessary follow-up visits with the patients and make appointments for medication.

Market for Health Information Exchange: Dynamics

There are numerous driving forces in the market for health information exchange. The market for the exchange of health information will benefit from decentralised therapies and an increase in cardiac arrests.

Due to its use in emergency situations where clinicians must be aware of a patient's medical history and current drugs in order to begin new treatments for any newly discovered diseases, the market for health information exchange is growing. The market for health information exchange may be constrained by data breaches.

Data breaches in the health information exchange can be risky since anyone can access the data and use it inappropriately. Since not all hospitals and clinical laboratories worldwide offer health information exchange, not everyone will have access to it.

Health Information Exchange (HIE) Market – Segmentation
The Health Information Exchange (HIE) Market by set up is categorized into:
• Private
• Public

The Health Information Exchange (HIE) Market by application is classified into:
• Web Portal Development
• Workflow Management
• Secure Messaging
• Internal Interfacing
• Other Applications

The Health Information Exchange (HIE) Market by type is fragmented into:
• Directed Exchange
• Query-based Exchange
• Consumer-mediated Exchange

The Health Information Exchange (HIE) Market – Key Market players
The major players in the market are:
• General Electric (U.S.)
• Lightbeam (U.S.)
• Incite (U.S.)
• Data Trans Solutions (U.S.)
• Mediportal, LLC. (U.S.)
• Ciracet (U.S.)
• AXIOM Systems (U.S.)
• arcadia.io (U.S.)
• Open Text Corporation (Canada)
• Infor (U.S.)
• Orion Health group of companies (U.S.)
• NXGN Management, LLC. (U.S.)
• Unitedhealth Group (U.S.)
• eClinicalWorks (U.S.)
• Cerner Corporation (U.S.)
• Allscripts Healthcare, LLC (U.S.)
• Health Catalyst (U.S.)
• Intersystems Corporation (U.S.)
• Epic Systems Corporation (U.S.)
• MEDITECH (U.S.)

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Published in

Health

Published on

Nov 15, 2022

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