Health Information Exchange Market Increasing at A Phenomenal Pace to Reach USD 3.42 Billion by 2028

17-Jun-2021 | Zion Market Research

Some of the key players in the Global Health Information Exchange Market include GE Healthcare, IBM Corporation, Siemens AG, Orion Health, Inc., Allscripts Healthcare Solutions, Inc., Medicity, Inc., CareEvolution, Inc., Cerner Corporation, eClinicalWorks, RelayHealth Corporation, amongst others. These players are set to bolster the development of Health Information Exchange Market.

According to analysts at Zion Market Research, the global video analytics market accounted for USD 1.23 Billion in 2020 and is expected to reach USD 3.42 Billion by 2028, growing at a CAGR of 13.6% from 2020 to 2028.

This review is based on a report by Zion Market Research, titled ““Global Health Information Exchange Market Analysis By Setup (Private and Public), By Implementation Model (Centralized, Decentralized and Hybrid), By Solution (Portal-centric, Platform-centric, Messaging-centric and Others), By Application (Web Portal Development, Internal Interfacing, Workflow Management and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.”

Rising Awareness About Healthcare Information Exchange System to Spur Market Growth

Rising awareness about healthcare information exchange system, reducing the costs that is associated with the maintenance of health records in hard copy are some of the key factors fuelling the growth of the global healthcare information exchange program market. Furthermore, HIE plays a vital role in minimizing medical and medication errors thereby enhancing the safety & quality of patient care, eliminates needless paperwork, provide easy deployment of healthcare services & developing technologies, and enables the caregivers to give treatment & care effectively by providing clinical decision supporting tools. Owing to all these benefits of HIE, most healthcare providers are adopting the technology of HIE thereby boosting the growth of the global health information exchange market. However, increasing connectivity among the healthcare providers and the rising digitalization may drive the growth of the global healthcare information exchange market during the forecast period.

Presence of Big Players in The Region Support North American Dominance

North America is expected to dominate the Global Health Information Exchange Market. Factors such as well-established healthcare infrastructure and the high adoption rate of digital healthcare contributing to the growth of the market in this region. Asia Pacific is expected to register a high CAGR over the forecast period. The factors affecting the growth of the health information exchange market in this region include growing initiatives for adopting EHR in Japan, along with increasing investments in the healthcare industry in China & India. Europe is expected to hold a significant share in the global health information exchange market.

Browse the full Global Health Information Exchange Market Analysis By Setup (Private and Public), By Implementation Model (Centralized, Decentralized and Hybrid), By Solution (Portal-centric, Platform-centric, Messaging-centric and Others), By Application (Web Portal Development, Internal Interfacing, Workflow Management and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/healthcare-information-exchange-market

The Global Health Information Exchange Market is segmented as follows:

Setup

  • Private
  • Public

Implementation Model

  • Centralized
  • Decentralized
  • Hybrid

Solution

  • Portal-centric
  • Platform-centric
  • Messaging-centric
  • Others

Application

  • Web Portal Development
  • Internal Interfacing
  • Workflow Management
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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