Health Information Exchange (HIE) Market Trends Forecast and Industry Analysis to 2030

The Global Health Information Exchange (HIE) market size was worth USD 316.40 million in 2022 and is estimated to grow to USD 637.05 million by 2030, with a compound annual growth rate (CAGR) of approximately 12.45% over the forecast period.

Health information exchange is the electronic mobilisation of health care information through organisations within a nation, population, or hospital system (HIE). Participants in data exchange are collectively known as Health Information Networks (HIN). In actuality, the term "HIE" refers to the organisation that encourages the exchange of health information (HIO). The electronic exchange of clinical data between different healthcare information systems is made possible by HIE. The purpose of HIE is to increase the availability and retrievability of clinical data so that patients can receive safer, more timely, affordable, accurate, and equal care. Public health organisations may find HIE data helpful when doing community health analyses.

The sharing of patient data between healthcare providers is facilitated by health information organisations, which are basically third-party corporations. It is one of the elusive businesses that supports the safe exchange of medical data throughout the healthcare system. In most cases, practitioners lack the requisite precise patient data when it comes to emergency care settings. Direct patient care and data for addressing healthcare issues as a result drive the HIE market. Furthermore, there has been a major increase in data interchange to support data exchange between locations. Access to and retrieval of clinical data for the purpose of providing quick, efficient, fair, and patient-centered care.

HIE programmes help doctors and clinicians meet high standards for patient care by involving themselves electronically in a patient's continuity of care across various providers. The two models that are employed for data collection and storage are the patient consent model and the data architecture model. Health information exchange refers to the electronic movement of medical data across organisations within a region, a community, or a hospital system. The worldwide healthcare information exchange market has been divided into different segments using setup type, application, exchange type, and geography.

The market is expanding as a result of factors such as the growing need to lower healthcare costs, the focus on patient-centric care delivery, the adoption of EHRs and other HCIT solutions, government initiatives to improve patient care and safety, and government support for healthcare interoperability. The market is comprehensively evaluated in the study on the global health information exchange (HIE) industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

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Health Information Exchange (HIE) Market - Market Trends

• The rise of various nonprofit organizations that promote the use of HIE for patient data management in coming years, as well as growing awareness of the need of having access patient's health information, are likely to boost the industry.

• Depending on how it is configured, the market is separated into private and public divisions. The market for healthcare information exchange is being driven by the digitalization of the healthcare system and the growing use of healthcare information exchange systems as a result of enhanced connectivity between healthcare providers.

• Considerations include rising installation costs, a slow return on investment, and uncooperative EHR vendors.

Health Information Exchange (HIE) Market - Segmentation
The Health Information Exchange (HIE) Market by set up is categorized into:
• Private
• Public

The Health Information Exchange (HIE) Market by application is classified into:
• Web Portal Development
• Workflow Management
• Secure Messaging
• Internal Interfacing
• Other Applications

The Health Information Exchange (HIE) Market by type is fragmented into:
• Directed Exchange
• Query-based Exchange
• Consumer-mediated Exchange

The Health Information Exchange (HIE) Market - Key Market players
The major players in the market are:
• General Electric (U.S.)
• Lightbeam (U.S.)
• Incite (U.S.)
• Data Trans Solutions (U.S.)
• Mediportal, LLC. (U.S.)
• Ciracet (U.S.)
• AXIOM Systems (U.S.)
• arcadia.io (U.S.)
• Open Text Corporation (Canada)
• Infor (U.S.)
• Orion Health group of companies (U.S.)
• NXGN Management, LLC. (U.S.)
• Unitedhealth Group (U.S.)
• eClinicalWorks (U.S.)
• Cerner Corporation (U.S.)
• Allscripts Healthcare, LLC (U.S.)
• Health Catalyst (U.S.)
• Intersystems Corporation (U.S.)
• Epic Systems Corporation (U.S.)
• MEDITECH (U.S.)

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