Health Information Exchange (HIE) Market worth $2.0 billion by 2025

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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
MARKET OPPORTUNITY OVER NEXT 5 YEARS
TWO OF THE KEY DRIVERS OF THE MARKET WILL BE
KEY MARKET PLAYERS
CAGR of 31.6
2022-2027

• Noom, Inc (US)
• Teladoc Health, Inc. (US)
• Omada Health, Inc. (US)

CAGR

• Need to control healthcare costs

North America commanded the largest share of the
digital therapeutics market
Market Segmentation by Equipment category

• By application, treatment/care-related
  applications form the largest segment of the
  digital therapeutics market
• The B2B segment is the largest and
  fastest-growing segment of the market during the
  forecast period.

Growth in this market is primarily driven by the
government initiatives to support technological
developments, and advancements in the field of
digital therapeutics to curb growing healthcare
costs.

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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
The report "Health Information Exchange (HIE)
Market by Set Up Type (Public, Private),Implementa
tion Model ( Federated, Hybrid), Type (Pull,
Push), Application (Web Portal, Secure
Messaging), Solution (Portal, Platform Centric),
End User - Global Forecast to 2025" The global
health information exchange market is expected to
reach 2.0 billion by 2025 from an estimated USD
1.1 billion in 2020 at a CAGR of 12.2 during the
forecast period. Browse 141 market data Tables
and 36 Figures spread through 199 Pages and
in-depth TOC on "Health Information Exchange
(HIE) Market by Set Up Type (Public,
Private),Implementation Model ( Federated,
Hybrid), Type (Pull, Push), Application (Web
Portal, Secure Messaging), Solution (Portal,
Platform Centric), End User - Global Forecast to
2025 View detailed Table of Content
here - https//www.marketsandmarkets.com/Market-Re
ports/healthcare-information-exchange-market-24998
7292.html
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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
Growth in the healthcare information exchange
market can be attributed to factors such as need
to curtail increasing healthcare costs,
inclination of healthcare providers towards
patient-centric care delivery, growing adoption
of various HCIT solutions, and increasing funding
for healthcare interoperability. However, high
deployment costs, data privacy concerns, lack of
true interoperable solutions and not so developed
healthcare infrastructure especially in
developing countries are some of the factors that
are likely to hinder the market growth. The
health information exchange  market includes Tier
I and II vendors Epic Systems Corporation (US),
Cerner Coporation (US), MEDITECH(US), and
Intersystems Corporation (US)  among others. The
companies have a large market spread across
various countries in North America, Europe, Asia
Pacific, and the Rest of the World.
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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
Based on setup type, the private HIE segment is
expected to account for the largest market share
during the forecast period Based on the setup
type, the health information exchange market is
segmented into public and private HIE. The
private HIE segment held the largest share of the
market in 2021 and is expected to register
highest growth rate during the forecast period.
The large share of this segment can primarily be
attributed factors such as rising mandates for
incentive programs for providers, government
initiatives to improve the quality of care
delivered to patients and curtail the soaring
cost of healthcare among providers, and the
growing need to improve the affordability and
accessibility of healthcare services. Based on
the implementation model, hybrid model is
expected to grow at the highest rate during the
forecast period Based on the implementation
model, the health information exchange market is
segmented into centralized/consolidated model,
federated/decentralized, hybrid models. The
hybrid model segment is projected to dominate the
implementation model segment with the largest
share in 2022. Hybrid models are a mixture of
centralized and decentralized architecture, where
some data is stored at the HIE organization
level, while the remaining data is stored at the
HIE participant level. The strong demand for
these models can primarily be attributed to the
controlled flow of data associated with these
models and their support to diverse communities.
However, sustainability conflicts and multiple
user interfaces are the major factors restraining
the growth of this market
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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
Based on type, the directed exchange segment to
account for the largest share during the forecast
period Based on the type, the health information
exchange market is segmented into directed (push
HIE), query-based (pull-HIE), consumer-mediated
exchange solutions. The directed (push HIE)
exchange segment is expected to account for the
largest share of the market in 2022. The large
share of this segment can be primarily attributed
to advantages such as prevention of redundant
collection of information from the patient,
wasted visits, medication errors, and duplication
of tests. Based on application, the internal
interfacing segment is projected to witness the
highest CAGR during the forecast period Based on
application, the HIE market is categorized into
internal interfacing, workflow management, secure
messaging, web portal development, patient
safety, and others (personal health records and
chronic disease management). The internal
interfacing application segment is expected to
witness the highest growth rate during the
forecast period. The high segment growth can be
attributed to the growing need to streamline
workflows and reduce healthcare costs by
eliminating medication errors. The need for a
trustworthy, convenient, and effective means to
exchange information with partners and colleagues
further supports the market growth.
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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
The portal-centric solution segment to account
for the largest share during the forecast
period Based on the solution, the market is
divided into portal-centric, messaging-centric,
and platform-centric solutions. Portal-centric
solution are expected to account for the largest
share of the global health information exchange
market in 2020. The large share of this segment
can be attributed to the advantages such as
access to real-time information, faster data
sharing, assisting in smooth operations, and ease
of evaluating risks. Based on the end user,
the healthcare provider segment is expected to
hold the largest share in 2022 Based on end
users, the market is divided into healthcare
providers (hospitals and physicians, among
others), healthcare payers (Centers for Medicare
Medicaid Services and private insurance
companies), and pharmacies. Healthcare providers
dominated the global health information exchange
market in 2021 and is projected to witness the
highest CAGR during the forecast period. The high
growth rate of the healthcare providers end user
segment can be attributed to factors such as
improved healthcare quality and outcomes,
reductions in healthcare-related costs, and
improved public health reporting and monitoring.
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Health Information Exchange (HIE) Market worth
2.0 billion by 2025
North America held the largest share of the
global health information exchange market in
2021 Geographically, the health information
exchange market is segmented into North America,
the Europe, Asia Pacific (APAC), and the Rest of
the World (RoW). North America accounted for the
largest share of the health information exchange
market, primarily due to the significant growth
in the hospital expenditure in the region,
initiatives by the US government to improve
patient care and patient safety, high adoption of
healthcare IT technologies, and the need to
reduce healthcare costs. However, the Asia
Pacific health information exchange market is
anticipated to witness the highest growth during
the forecast period, owing to factors such as the
growing patient volume, growing focus on
healthcare digitalization, and the rising need to
reduce healthcare costs. Some of the prominent
players operating in the health information
exchange market include Cerner Corporation (US),
Allscripts Healthcare Solutions, Inc. (US),
Health Catalyst (US), Intersystems Corporation
(US),Epic Systems Corporation (US), MEDITECH
(US). Dont miss out on business opportunities
in Health Information Exchange (HIE) Market.
Speak to our analyst and gain crucial industry
insighs that will help your business grow.
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