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Healthcare Information Exchange Market By Implementation Model (Centralized, Hybrid and De-centralized) By Vendor Type (Platform-centric, Portal-centric, Messaging-centric and others) - Analysis & Forecast to 2023

08-21-2018 02:05 PM CET | Health & Medicine

Press release from: Qurate Business Intelligence

Healthcare Information Exchange Market By Implementation

Industry Outlook and Trend Analysis
The Healthcare Information Exchange Market was worth USD 0.83 billion in 2014 and is expected to reach approximately USD 1.84 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.24% during the forecast period. The expanding demand for encouraged access to patient health information and efficient administration of immense measures of patient-related information among the healthcare suppliers are anticipated to be the urgent driving components for the development of the market. Also, the market is anticipated to develop quickly as an outcome of the surge sought after for wellbeing data trade (HIE) frameworks, which is because of the rising requirement for storage, collection, and secured exchange of a lot of healthcare data. Moreover, the expanded focal point of government associations on advancing the usage of healthcare information technology with a specific end goal to enhance the nature of human services is one of the key development drivers of the health information exchange market.

Set Up Type Outlook and Trend Analysis
The private healthcare information exchange segment accounted for the biggest share of more than 51.0% of the setup type segment and is foreseen to develop significantly amid the figure time frame. This can be credited to the expanding number of private healthcare information suppliers and the abnormal state of doctor commitment at each level of the data system. Besides, the related advantages, for example, less administrative issues and high workflow efficiency that are included are additionally anticipated that would expand the appropriation rate over the gauge time frame.

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Implementation Model Outlook and Trend Analysis
The hybrid model segment accounted for the biggest share of the implementation model section and is anticipated to develop at a quick CAGR amid the conjecture time frame. The hybrid model is a blend of centralized and decentralized models and provides advantages, for example, low cost and enormous data storage capacity subsequently encouraging the expanded rate of usage.

Vendor Type Outlook and Trend Analysis
On the basis of vendor type, the portal-centric portion held the biggest share of the aggregate health information exchange. The expansive share can be credited to the increasing number of web-based interface advancements encouraging improved and easy access of healthcare information. Platform-centric is anticipated to develop lucratively at a tremendous CAGR amid the gauge time frame.

Regional Outlook and Trend Analysis
Geographically, the area of North America represented an expansive share of the market. The growth was inferable from the presence of the vast majority of U.S. organizations in the given area. The locale of Asia Pacific, nonetheless, is foreseen to extend at a higher rate inferable from the developing awareness regarding the healthcare information exchange, growing base of populace and various activities are being taken by the administrations of nations like China, South Korea, India, and Japan.

Competitive Insights
The leading players in the market are IBM, GE Healthcare, Medicity, Cerner, AT&T, Orion Health, Siemens, InterSystems and CareEvolution Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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The Healthcare Information Exchange Market is segmented based on regions as follows-

By Region
North America
U.S.
Canada
Mexico

Europe
Germany
UK
France
Russia
Italy

Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific

South America
Brazil
Argentina
Columbia
Rest of South America

Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA

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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

About Us:
Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

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