Health information exchange market is anticipated to grow at a significant CAGR of 15.8% during the forecast period (2024-2031). Government mandates and policies globally are driving the adoption of Health Information Exchange (HIE) solutions, contributing to market growth. Data-driven decision-making is growing the demand for HIE solutions, as healthcare organizations use data to improve patient care, and operational efficiency, and reduce costs. Patient-centered care is additionally gaining importance, with HIE solutions enabling patients to access their health information and participate in care decisions are gaining popularity. Technological advancements like cloud computing, artificial intelligence, and blockchain are transforming the healthcare industry, driving innovation in HIE solutions. Population health management is a key priority, with HIE solutions facilitate data aggregation and analysis, further contributing towards market growth. Data security and privacy concerns are also driving market growth, with HIE solutions prioritizing encryption and regulatory compliance.
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Increased technical and financial support for digital health initiatives, including HIE projects, strengthens capacity-building and infrastructure development in low- and middle-income countries, stimulates demand and drives market expansion. According to the World Health Organization (WHO), in August 2023, India’s G20 presidency launched a new Global Initiative on Digital Health (GIDH), a WHO-managed network and platform to support the implementation of the Global Strategy on Digital Health 2020-2025. The initiative aims to develop priority-driven investment plans, improve transparency of digital health resources, facilitate knowledge exchange, support whole-of-government approaches, and increase technical and financial support.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Health Information Exchange Market by Setup Type
- Private HIE
- Public HIE
Global Health Information Exchange Market by Implementation Model
- Hybrid Models
- Centralized Models
- Decentralized/ Federated Models
Global Health Information Exchange Market by Type
- Directed Exchange
- Query-based Exchange
- Consumer-mediated Exchange
Global Health Information Exchange Market by Application
- Web Portal Development
- Workflow Management
- Secure Messaging
- Internal Interfacing
- Others (Consumer-Mediated Health Information Exchange)
Global Health Information Exchange Market by Solution
- Portal-centric Solutions
- Messaging-centric Solutions
- Platform-centric Solutions
Global Health Information Exchange Market by End-user
- Healthcare Providers
- Healthcare Payers
- Pharmacies
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- CareEvolution®, LLC.
- Conifer Health Solutions, LLC.
- eClinicalWorks, LLC
- Epic Systems Corp.
- GE HealthCare Technologies Inc.
- IBM Corp.
- Infor
- Inovalon
- InterSystems Corp.
- McKesson Corp.
- NantHealth, Inc.
- NextGen Healthcare, Inc. (NXGN Management, LLC.)
- Open Text Corp.
- Optum, Inc.
- Orion Health
- RelayHealth, Inc.
- Siemens Healthcare Pvt. Ltd.
- Veradigm LLC
The Report Covers –
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global health information exchange market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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