Global Healthcare Information Exchange market is anticipated to shoot off by the end of 2021 :Top keyplayers are Care Evolution, Inc., GE Healthcare, Siemens AG, Inc., IBM Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc. , Relay Heal

Description

Healthcare Information Exchange is the electronic mobilisation of healthcare data of the various stakeholders which include patients, hospitals, labs, pharmacists, healthcare providers within a defined geographic area to facilitate easy and quick exchange of information between them. The Healthcare Information Exchange Market was valued at USD XXX Billion in 2016 and is expected to reach USD XXX Billion by 2021, at a CAGR of XX% between 2016 and 2021.
Apt sharing of patient dataand at the time of point of care, avoids readmissions,helps in effective decision making,reduces medication errors, avoids cost and time of duplicate testing and improve diagnosis rate. Healthcare information exchange consists of clinical data from providers, cost data from payers and providers, and public health data. The technology provides better standards of patient care in addition to reduced expenses associated with manual printing of document, time and efforts involved in recovering patient reports and in person mailing of patient records.

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Market Dynamics

The increases focus of government initiatives to provide funds and various other federal incentive programs are leading to rapid adoption of HIE. For example, in the USA, Agency for Healthcare Research and Quality (AHRQ) is dedicated to provide funds for adoption of HIE systems. Also, the increased awareness about the use HIE due to the efforts of various government and non-profit organisations, high costs of the current information exchange system, increased need to access patient information easily and quickly, and the need to reduce costs in unnecessary test are he potential drivers of this market.

However, exorbitant initial and set up costs, complexity of systems along with concerns for security and transparency of data and low and slow return on investments are some of the factors which pose as a roadblock to the development of the Healthcare Information exchange market. In addition to this interoperability issues and corporation between Electronic Health Record vendors are also a problem to the growth of this market.

Market Segmentation

The Healthcare Information Exchange market is segmented on the basis of type, implementation model, setup type, solution, end user, application,and region. The detailed segmentation is given below:

On the basis of Type
Query-Based Exchange
Directed Exchange
Consumer-Mediated Exchange

On the basis of Implementation Model
Federated Healthcare Information Exchange
Centralized Healthcare Information Exchange
Hybrid Healthcare Information Exchange

Among this the hybrid model is considered as the potential market contributor as it is a combination of both the other two types: federated and centralised.

On the basis of Setup Type
Public Healthcare Information Exchange
Private Healthcare Information Exchange
Among this the private segment dominates the market due to stable flow of funds and a defined business model.

On the basis of Solution
Platform-Centric Solutions
Messaging-Centric Solutions
Portal-Centric Solutions
Others [ personal health records (PHR), clinical data management (CDM)]

Portal centric is the largest market contributor among the solutions and is expected to grow at a steady rate even in the future.

On the basis of End User
Providers
Payers
Pharmacies

Various government initiatives for improved healthcare and reduced cost for healthcare services are making the providers as the largest end users in this market segmentation.

On the basis of Application
Web-Portal Development
Workflow Management
Secure Messaging
Internal Interfacing
On the basis of Region
North America
Europe
Asia Pacific
Rest of World

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Geographic Analysis

Geographically the market is segmented into three different regions:north America, Europe, Asia Pacific and rest of the world. North America is the leading shareholder in the global market owing to the base of the majority of companies in USA, boost to Electronic Health Record(EHR), federal mandates of thee USA government, supportive and effective reimbursement policies. Canada is increasing the healthcare quality especially digital healthcare which contributes to the market in the region. Also, the increasing number of Accountable Care organisations(ACO's) as the users of this technology is also a factor in the largest market share in North America. This is followed by Europe.

However, Asia Pacific is expected to show the highest growth in the market of double digit CAGR majorly due to the various policies and initiatives adopted and directed by the governments in Asian Pacific countries of India, Japan and South Korea. Also, the increasing population base with high levels of disposable incomes and rising awareness about HIE, large investments by major key players and presence of outsourced HIE service providers are contributing to the forecasted growth in Asia Pacific.

Key Players

The key players who are driving the market of Healthcare Information Exchange and determine its future are: eClinicalWorks(USA), Siemens AG, Orion HealthInc., (NewZealand), Medicity, Inc., Care Evolution, Inc., GE Healthcare, Siemens AG, Inc., IBM Corporation, Cerner Corporation(USA), Allscripts Healthcare Solutions, Inc. (U.S.), Relay Health Corporation (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc. (U.S.), Optum, Inc. (U.S.), Epic Corporation Inc. (U.S.).

Report Highlights

The report contains comprehensive analysis on:
Healthcare Information Exchange market segments
Healthcare Information Exchange market drivers, restraints and opportunities
Healthcare Information Exchange market size and forecast 2016 to 2022
Supply and demand value chain
Healthcare Information Exchange market current trends
Competition and major companies
Technology and R&D status
Porters five force analysis
Strategic and critical success factor analysis of key players

The regional analysis of Healthcare Information Exchange market includes:

North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

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Report Highlights:

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage

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