Health Information Exchange Market Worth 1,545 Million USD by 2020

10 May, 2016, 11:30 ET from MarketsandMarkets

PUNE, India, May 10, 2016 /PRNewswire/ --

According to a new market research report "Health Information Exchange Market by Set Up Type (Public, Private), Type (Pull, Push), Implementation Model (Federated, Hybrid), Application (Web Portal, Secure Messaging), Solution Type (Portal, Platform Centric), & End Users - Global Forecast to 2020", published by MarketsandMarkets, This report studies the global market for the forecast period of 2015 to 2020. This market is expected to reach USD 1,545.0 Million by 2020 from USD 990.6 Million in 2015, at a CAGR of 9.3%.

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Browse 78 market data Tables and 41 Figures spread through 201 Pages and in-depth TOC on "Health Information Exchange Market"

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The report analyzes and studies the major market drivers, restraints/challenges, opportunities, key players, competitive landscape, and geographical markets.

The global health information exchange market is segmented on the basis of type, setup type, application, implementation model, solution, end user, and region.

By type, the health information exchange market is categorized into directed exchange, query-based exchange, and consumer-mediated exchange. On the basis of setup type, the market is segmented into private HIE and public HIE. On the basis of implementation model, the market is segmented into federated, centralized, and hybrid HIE. Furthermore, on the basis of application, the market is segmented into web-portal development, workflow management, secure messaging, internal interfacing, and others (PHR and CDM). By solution, the HIE market is categorized into portal-centric, messaging-centric, and platform-centric solutions.

On the basis of end users, the market is segmented into providers, payers, and pharmacies. Factors such as rising mandates for incentive programs for providers and government initiatives to improve the quality of care delivered to patients & curtail the soaring cost of healthcare among providers are propelling the use of HIE among providers across the globe.

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On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest share of the health information exchange market in 2015, followed by Europe and Asia-Pacific. The large share of the North American health information exchange market can primarily be attributed to the federal mandates in the U.S., rising number of accountable care organizations (ACOs) as end users for HIE platforms in the U.S., Canada's efforts to enhance healthcare delivery, and digital health measures in Canada. However, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.

Some of the key players in the health information exchange market are Allscripts Healthcare Solutions, Inc. (U.S.), RelayHealth Corporation (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc. (U.S.), Optum, Inc. (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand).

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