Health Information Exchange (HIE) Market 2022 Challenges, Benefits, Size and Forecast to 2028

The health information exchange market was valued at US$ 1,411.56 million in 2020 and is projected to reach US$ 3,326.98 million by 2028; it is expected to grow at a CAGR of 11.4% from 2021 to 2028.

The market growth is primarily attributed to the rising government support for the adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization. However, the data security and privacy concerns hamper the market growth.

Download PDF Sample Copy at:
https://www.theinsightpartners.com/sample/TIPHE100001105/?utm_source=OpenPR&utm_medium=10376

Based on set up, the health information exchange market is bifurcated into private and public. In 2020, the private set up segment held a larger share of the market and is expected to register a higher CAGR during the forecast period. Over the last several years, private health information exchanges (HIEs) have become a viable alternative to public model exchanges. The private models have witnessed significant growth in the marketplace due to private healthcare information providers and the high level of physician engagement. Such benefits are estimated drive the market growth for this segment.

The health information exchange market is witnessing substantial growth amid the COVID-19 pandemic. A few factors such as higher emphasis on the utilization of healthcare IT infrastructure for data transfer, ease of use, and cost optimization are propelling the adoption of health information exchange during the pandemic. For instance, during the pandemic, in March 2020, HealtHIE Nevada (US), increased its patient data exchange by 36% since the beginning of the COVID-19 pandemic. Due to the growing patient volumes, the demand for EMR and EHR platforms to manage complex patient data has increased, which ultimately accelerated the market growth during the pandemic.

eClinicalWorks, Allscripts Healthcare, LLC, General Electric Company, Cerner Corporation, Orion Health group of companies, Health Catalyst, Inc., Nextgen Healthcare Information System, LLC, McKesson Corporation, Optum, Inc., and Oracle Corporation are among the leading companies operating in the health information exchange market.

Buy Report at:
https://www.theinsightpartners.com/buy/TIPHE100001105/?utm_source=OpenPR&utm_medium=10376

The research provides answers to the following key questions:

1.What is the estimated growth rate of the market for the forecast period 2020-2028? What will be the market size during the estimated period?
2.What are the key driving forces responsible for shaping the fate of the Health Information Exchange Market during the forecast period?
3.Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Health Information Exchange Market?
4.What are the prominent market trends influencing the development of the Health Information Exchange Market across different regions?
5.What are the major threats and challenges likely to act as a barrier in the growth of the Health Information Exchange Market?
6.What are the major opportunities the market leaders can rely on to gain success and profitability?

Browse More:
https://www.marketwatch.com/press-release/medical-exoskeleton-market-expected-to-grow-at-cagr-of-294-till-2027-2022-10-17?mod=search_headline
https://www.marketwatch.com/press-release/critical-care-equipment-market-projected-to-reach-at-us-4717142-million-by-2027-2022-10-17?mod=search_headline
https://www.marketwatch.com/press-release/genotyping-market-expected-to-reach-from-us-7940714-million-in-2028-2022-10-17?mod=search_headline

Contact us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About The Insight Partners:

The Insight Partners is a one top industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Manufacturing and Construction, Technology, Chemicals and Materials.
We offer our clients multiple ways to customize research as per their specific needs and budget.

This release was published on openPR.