Health Insurance Exchange (HIX) IT Market by Type, Phase, Component & End User - Trends & Global Forecasts to 2018
DUBLIN, April 4, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/djz77d/health_insurance) has announced the addition of the "Health Insurance Exchange (HIX) IT Market by Type, Phase, Component & End User - Trends & Global Forecasts to 2018" report to their offering.
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The Health Insurance Exchange (HIX) IT market includes the revenue generated by IT vendors mainly in terms of planning, designing, and implementing exchanges, system integrations, program management, operations, and maintenance. This report studies the health insurance exchange IT market by exchange type, phase, component, end user, and geography.
The market is driven by several factors such as federal health insurance mandates, federal funding, trend toward defined contribution model, and drive to reduce healthcare costs and make healthcare affordable, growing healthcare IT adoption, and the shift toward integrated environments. The global market is valued at an estimated $1,609 million in 2013 and is expected to grow at a CAGR of 10.5%during the forecast period (2013-2018). Growth is mainly driven by private exchanges and operational and maintenance activities for public exchanges.Cloud-based computing shows a great opportunity in the HIX market.
The market is segmented based on exchanges types, phases, components, endusers, and geography. On the basis of exchange type, the market is divided into public and private exchanges. Based on phase, the market is divided into pre-implementation services, implementation/exchange infrastructure delivery, program management and independent verification and validation (IV&V)/quality assurance (QA), and operations and maintenance. The market, by component, is divided into services, software, and hardware. Based on end user, the market is segmented into government agencies, third party administrators (TPAs)/brokerage firms/consultancies, and health plans/ payers. Based on geography, the market is classified into the U.S., Europe, Asia, and the Rest of the world (RoW).
Public exchanges account for the largest share of the Health Insurance Exchange IT market in 2013. Despite the largest share carried by public exchanges, private exchanges overtake significantly in terms of market growth. Currently, the private health insurance exchange market is in its nascent stage. However, the concept of private exchanges gained a much higher attention in 2013 with the introduction of the ACA due to which exchange discussion started to take off in the real sense. Skyrocketing healthcare costs are making increasing number of employers to shift from traditional defined benefit plans to defined contribution plans helping them to manage costs as well as benefit their employees.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Global Health Insurance Exchange (HIX) IT Market, By Type
5 Global Health Insurance Exchange (HIX) IT Market, By Phase
6 Global Health Insurance Exchange (HIX) IT Market, By Component
7 Global Health Insurance Exchange (HIX) IT Market, By End User
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Accenture Plc
- Cgi Group, Inc.
- Connecture Inc.
- Cognosante, Llc
- Hcentive, Inc.
- Oracle Corporation
- Xerox Corporation
For more information visit http://www.researchandmarkets.com/research/djz77d/health_insurance
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SOURCE Research and Markets