Global Data Exchange in Healthcare Market Analysis for 2022-2028

Triton Market Research presents the Global Data Exchange in Healthcare Market report segmented by Set Up (Private, Public), by Type (Consumer-mediated, Direct-mediated, Query-based), by Implementation Model (Hybrid, Decentralized, Centralized), by Application (Web Portal Development, Internal Interfacing, Workflow Management, Other Applications), by End-user (Healthcare Providers, Healthcare Payers, Pharmacies), by Deployment (Cloud-based, On-Premise), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Competitive Landscape, Market Challenges, Market Opportunities, Market Drivers, Industry Outlook, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).

According to Triton Market Research's analysis, the Global Data Exchange in Healthcare Market is likely to grow with a CAGR of 24.90% in the forecast years from 2022 to 2028.

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The use of telemedicine has bolstered after the COVID-19 pandemic. For instance, in 2019, only 11% of patients in the United States used telemedicine platforms, and in April 2020, a staggering 46% of patients used these platforms. This provides opportunities for the incorporation of AI and other advanced technologies, thereby enabling further opportunities for the data exchange in healthcare market.

A number of countries have stringent data protection laws that prohibit companies from exchanging and leveraging data. Such policies and regulations have a negative impact on the studied market, thus hindering its growth.

North America leads the global market, and held the highest revenue share in 2021. The demand for data exchange in healthcare in this region is majorly driven by the booming healthcare sector in the United States. Further, the rising number of government initiatives and the enhanced adoption of electronic health records (EHRs) & health-related applications such as m-Health are expected to augment the demand for healthcare data exchange in the future, thus positioning the market on a growth path.

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Definitive Healthcare, Siemens Healthineers, Zenome, AWS Marketplace (Amazon), Cloudera, Optum, Health Verity, Medical Chain, H1, Longenesis, Cloudticity, Datavant, BurstIQ LLC, Cloudtag Inc, and Snowflake are some of the noteworthy players in the data exchange in healthcare market.

The threat of new market entrants is anticipated to increase in the forecasted period, due to the rise in the availability of funding and incentives aimed at encouraging the establishment of health information exchange platforms. In addition, the growing efforts and initiatives undertaken by public organizations to promote awareness about the benefits of health data exchange are expected to further boost the threat of new entrants. On the other hand, the big players are focusing on improving and expanding their existing product portfolio with the help of significant investments, in order to strengthen their position among industry rivals.

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