Health Information Exchange Marketplace | North America is likely to grow at a rapid rate in the near future – ZMR
The global health information exchange market was worth $1.23 billion in 2020 and is expected to reach $3.42 billion by 2028
— Prakash Torase
SUITE N202, NEW YORK, USA, Sept. 12, 2022 /EINPresswire.com/ — The global health information exchange market was worth $1.23 billion in 2020 and is expected to grow to $3.42 billion in by 2028, with a CAGR of 13.6% from 2020 to 2028.
Some of the major players in the global healthcare information exchange market include GE Healthcare, IBM Corporation, Siemens AG, Orion Health, Inc., Allscripts Healthcare Solutions, Inc., Medicity, Inc., CareEvolution, Inc., Cerner Corporation, eClinicalWorks, RelayHealth Corporation, among others. These players are ready to support the development of the health information exchange market.
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This review is based on a report by Zion Market Research, titled “Analysis of the Global Healthcare Information Exchange Market by Configuration (Private and Public), By Implementation Model (Centralized, Decentralized and Hybrid) , by Solution (Portal-Centric, Platform-Centric, Email-Centric and Others), by Application (Web Portal Development, Internal Interfacing, Workflow Management and Others): Overall Industry Perspective , comprehensive analysis and forecast, 2020-2028. »
Growing Awareness of Healthcare Information Exchange System to Drive Market Growth
Growing awareness of healthcare information exchange system, reduction in cost associated with maintaining paper-based health records are some of the key factors fueling the growth of the global exchange program market health care information. In addition, HIE plays a vital role in minimizing medical and medication errors, thereby improving the safety and quality of patient care, eliminating unnecessary paperwork, facilitating the deployment of healthcare services and developing technologies, and enabling caregivers to provide effective treatment and care by providing clinical care. decision-making tools. Due to all these advantages of HIE, most of the healthcare providers are adopting the technology of HIE, thereby driving the growth of the global health information exchange market. However, growing connectivity between healthcare providers and increasing digitalization may drive the growth of the global healthcare information exchange market over the forecast period.
Presence of big players in the region supports North American dominance
North America is expected to dominate the global health information exchange market. Factors such as well-established healthcare infrastructure and high adoption rate of digital healthcare are contributing to the growth of the market in this region. The Asia-Pacific region is expected to register a high CAGR during the forecast period. Factors affecting the growth of the healthcare information exchange market in this region include growing initiatives for EHR adoption in Japan, as well as growing investments in healthcare industry in China and India. Europe is expected to hold a significant share of the global health information exchange market.
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Browse the full “Global Health Information Exchange Market Analysis by Configuration (Private and Public), by Implementation Model (Centralized, Decentralized, and Hybrid), by Solution (Central-Centric Portal, Platform-Centric, Messaging-Centric and Others), By Application (Web Portal Development, Internal Interfacing, Workflow Management and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.
COVID-19 Impact Analysis
The COVID-19 pandemic has a wide range of consequences for the health sector. To prevent transmission of the epidemic, government-imposed travel restrictions and a social distancing policy are in place. The epidemic has infected a large number of people around the world, leading to an increase in the number of patients. The hospital and clinics eventually encountered problems treating such a large number of patients and keeping track of their medical history.
In addition, the decrease in medical and nursing staff has put a strain on doctors, nurses and other health professionals. During this pandemic, HIE has enabled the compilation and standardization of all public health records, making them easily accessible to physicians. As a result, the COVID-19 pandemic has created a significant gap for the global health knowledge sharing industry, which is expected to grow rapidly.
One of the major growth drivers of the global healthcare information exchange market is the rising awareness about the healthcare information exchange system. Health Information Exchange facilitates high-speed access to exchange clinical medical records with hospitals and physicians, enabling fast, reliable and successful patient retrieval. Sharing patient data regularly helps make informed decisions at the time of treatment, reduces duplicate testing and improves diagnostic rates, and prevents readmissions and prescription errors. Clinical data from various providers, public health data, and expenditure and activity data from various providers and payers are also used in the exchange of health information.
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The rest of Europe
South East Asia
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa
Rest of the Middle East and Africa
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