Global Healthcare Information Exchange Market is to reach USD 1529.50 million by 2021

The Global Healthcare Information Exchange Market was worth $985 million in 2016 and estimated to be growing at a CAGR of 9.2%, to reach $1529.50 million by 2021. Several companies in this market are trying to increase their product range in order to obtain the maximum share of this market.

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Healthcare Information Exchange is conduction of healthcare information by electronic means between healthcare professionals, healthcare information organisation and Government agencies inside a region according to national standards. It permits healthcare providers, patients and other stakeholders to correctly access and securely shares a patient’s information electronically, by improving efficiency, quality, safety and cost of patient care.

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Expansion in the global health information exchange market is largely driven by federal mandates like significant use, increasing patient centric approach in healthcare delivery, rising EHR acceptance rate, and must to curtail healthcare cost. Nevertheless, necessity of significant infrastructural investments along with low return on investment and data security & privacy concerns are anticipated to hinder the growth of this market to a certain extent.

The global healthcare information exchange market is segmented on the basis of type into Direct Exchange, Query Based Exchange and Consumer Mediated Exchange. By Implementation model the market is divided among Centralized/consolidated models, Decentralized/Federated models and Hybrid Model. On the basis of setup type, the market is split into Private and Public. Based on application market is segregated into Internal Interfacing, Secure messaging, Work flow management, Web portal Development and Patient safety. Component based segmentation is among Enterprise Master Person Index (EMPI), Healthcare Provider Directory (HPD), Record Locator Service (RLS) and Clinical Data Repository. By End user the market is divided into Healthcare provider, Public Health Agency, Medical Research Institution, Medical Professional and Patient.

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Based on geography the market is analysed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America held the largest revenue share of health information exchange market in 2016. The Asia Pacific region is predicted to observe profitable growth opportunities in the future due to the growing patient population, which necessitates better information systems for efficient data management as well as the increasing healthcare expenditure in the promising economies.
The major market players in this market are Aetna Medcity, eClinical Works (U.S.), RelayHealth, Medecision, Epic Corporation Inc. (U.S.), Cerner Corporation (U.S.), RelayHealth Corporation (U.S.), Infor Inc. (U.S.), Intersystems, Optum Inc. (U.S.), Alere Wellogic, NextGen Healthcare Information Systems, LLC (U.S.), Covisint Corporation (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), and Orion Health (New Zealand).

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