Health Information Exchange Market (HIE) - 9.3% CAGR to 2020

May 12, 2016, 06:00 ET from ReportsnReports

PUNE, India, May 12, 2016 /PRNewswire/ --

Global health information exchange market is expected to reach $ 1,545.0 million by 2020 from $ 990.6 million in 2015, at a CAGR of 9.3% with North America set to lead the largest worldwide HIE market share.

Complete report on health information exchange market across 201 pages, profiling 12 companies and supported with 78 tables and 41 figures is now available at http://www.reportsnreports.com/reports/541891-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.html .

Factors such as federal mandates like Meaningful Use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and reduction in healthcare costs are driving the health information exchange market. However, data security & privacy concerns and requirement of infrastructural investments to support health information exchange are restraining the growth of this market, to a certain extent.

Health information exchange (HIE) involves the sharing of health-related information electronically among healthcare stakeholders. It enables collaboration between healthcare stakeholders, reduces administrative tasks, and provides greater transparency in the healthcare field, thus enhancing the quality, safety, and efficiency of healthcare delivery.

North America accounted for the largest share of the global health information exchange market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of the North American market is attributed to mandates like Meaningful Use, increasing number of accountable care organizations and increasing adoption of HIE in hospitals , Canada's efforts to enhance healthcare delivery and digital health measures in Canada.

Major players in the market are focusing on various strategies such as product deployments; agreements, alliances, collaborations, and partnerships; new product launches (including product enhancements and product integration); acquisitions; expansions; and other strategies (divestment, accreditation, funding, and spin-off), to establish a strong foothold in the global health information exchange market.

Cerner Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), RelayHealth Corporation (U.S.), eClinicalWorks (U.S.), Covisint Corporation (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc. (U.S.), Optum, Inc. (U.S.), Medicity, Inc. (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand) are some of the key players in the global health information exchange market.  Order a copy of 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 research report at  http://www.reportsnreports.com/purchase.aspx?name=541891   .

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

On a related note, another research on Population Health Management Market Analysis & Global Forecasts to 2020 says, the market is to reach USD 31.63 Billion by 2020, growing at a CAGR of 23.2% during the forecast period of 2015 to 2020. North America is expected to account for the largest share of the global market. The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms to garner a greater market share. Companies like McKesson Corporation, Verisk Health Inc., Health Catalyst LLC, Cerner Corporation, OptumHealth, Inc. and Healthagen, LLC have been profiled in this 135 pages research report available at  http://www.reportsnreports.com/reports/281192-population-health-management-market-by-component-software-services-delivery-mode-on-premise-web-cloud-end-user-provider-payer-employer-groups-government-bodies-trends-global-forecasts-to-2018.html .

Explore more reports on the Healthcare market at http://www.reportsnreports.com/market-research/healthcare/ .

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