Health Information Exchange Market - Forecast(2020 - 2025)

Report Code: HCR 0499 Report Format: PDF + Excel (Delivery in 48 Hrs)
Health Information Exchange Market size is forecast to reach $ 2.72 billion by 2025, growing at a CAGR of 9.67% during the forecast period 2020-2025. Health information exchange is the electronic transformation of healthcare concerned data among medical facilities, health information organizations, companies that require and govern the exchange of this data. Electronic Health information exchange allows healthcare professionals like doctors, nurses, pharmacists, and patients to suitably access and securely share a patient’s vital medical information electronically thus, improving the speed, quality, safety, and cost of patient care. While Health information exchange refers to the act of exchanging information between two or more healthcare organizations or providers, it also refers to an organization that is responsible for facilitating the exchange. 

Report Coverage
The report: “Health Information Exchange Market Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Health Information Exchange Market.

By Setup Type: Private Health Information Exchange, Public Health Information Exchange
By Type: Direct Exchange, Query Based Exchange, Consumer- Mediated Exchange
By Implementation Model: Hybrid Models, Centralized/ Consolidated Models, Decentralized/Federated Model
By Application: Web portal development, Workflow Management, Secure Messaging, Internal Interfacing, Others
By Solution: Portal- Centric, Messaging – Centric, Platform- Centric, Others
By End Use: Healthcare Providers, Healthcare Payers, Pharmacies, Others
By Geography: North America, Europe, Asia-Pacific, Rest of the World

Key Takeaways
  • In 2019, North America accounts for a major share of the Health Information Exchange market owing to the presence of majority of companies in U.S, supportive settlement policies, and the increasing implementation of Health Information Exchange.
  • The hybrid model segment is estimated to grow at a profitable rate owing to the linked benefits, such as improved patient care delivery and enhanced operational efficiency of the practices
  • The National Rural Health Resource Center has made available a set of practical Health Information Exchange resources to assist providers in understanding and implementing Health Information Exchange
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Health Information Exchange Market report.

Implementation Model- Segment Analysis
Based on the Implementation Model, the Health Information Exchange market is segmented into Hybrid Models, Centralized/ Consolidated Models and Decentralized/ Federated Model. the hybrid model segment is estimated to grow at a profitable rate owing to the linked benefits, such as improved patient care delivery and enhanced operational efficiency of the practices. The hybrid model is a combination of centralized and decentralized models and offers benefits, such as enormous data storage capacity and lower cost thereby facilitating the increased usage rate. Moreover, the incorporation of the hybrid model offers improved operational efficiency and patient care delivery is poised to propel the demand for the segment throughout the forecast period 2020-2025.

Application - Segment Analysis
Based on the Application, Health Information Exchange is segmented into Workflow Management, Secure Messaging, Internal Interfacing, Web portal development and others. Internal interfacing is estimated to grow at CAGR of 7.81% during the forecast period 2020-2025. This is owing to rising need of streamlining workflow and reduce in healthcare costs by eliminating medication errors. Secure messaging helps in achieving Stage 2 (electronic transactions) use, which is described as the crucial transport mechanism for clinical information sharing.

Geography - Segment Analysis
North America accounts for 44.3% of the Health Information Exchange market share in 2019 owing to the rising figures of accountable care organizations in US and Canada led to maximum share of the healthcare facilities. Also, supportive settlement policies, and the increasing implementation of Health Information Exchange are few of the reasons for the major share of North America. However, Asia-Pacific is projected to be the fastest-growing during the forecast period 2020-2025. The increasing awareness amongst healthcare practitioners regarding the healthcare information exchange systems, rising population base and various initiatives being undertaken by the government are factors driving the growth of the Health Information Exchange market in this region. 

Drivers – Health Information Exchange Market 

  • Rising awareness of the need to access health information of patients
Health Information Exchange refers to mobilization of healthcare information within defined geographical area to bring stakeholders together. These Stakeholders includes doctors, patients, pharmacists, nurses, and labs. With the presence of government and non-profit organization there is need of awareness among different stakeholders for accessing the information. Also, with the rapid technology development the access of health information becomes easy which is one of the reasons driving the growth of market

Challenges – Health Information Exchange Market 
Data breaches is set to be the one of challenges for Health Information Exchange Market. Data breaches in the health information exchange can be dangerous as the data can be obtained by anybody and can be mis-utilized. Proper security is still a challenge for Health Information Exchange Market

Health Information Exchange Industry Outlook
Product launches, Merger & Acquisitions, Joint Ventures, and R&D activities are key strategies adopted by players in the Health Information Exchange market. Health Information Exchange top 10 companies are Allscripts Healthcare Solutions Inc, Infor Inc, Cerner Corporation, NextGen Healthcare Information Systems, Covisint Corporation, Relay Health Corporation, Optum Inc., Epic Corporation Inc., Orion Health and eClinicalWorks

Developments:
  • In November 2019, E clinical works announced collaboration with Humana Inc., a leading health and well-being company, Guide Well, the parent to a family of forward-thinking companies focused on transforming healthcare, and Trusted Health Plan, a provider of Medicaid and Alliance Benefits, to provide advanced bidirectional interoperability.
  • In 2018, Allscripts acquired Practice Fusion, a San Francisco-based electronic health records company. The acquisition was intended to expand Allscripts business with independent physicians. 

1. Health Information Exchange Market Overview
    1.1 Definitions and Scope
2. Health Information Exchange Market – Executive Summary
    2.1 Market Revenue, Market Size and Key Trends 
    2.2 Key trends by Set up Type
    2.3 Key trends by Implementation Model
    2.4 Key trends by Application
    2.5 Key trends by End Use
    2.6 Key trends by Geography
3. Health Information Exchange Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis - Key Companies
    3.5 Pricing Analysis
4. Health Information Exchange Market – Startup companies Scenario Premium (Premium)
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Health Information Exchange Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Health Information Exchange Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power Of Suppliers
        6.3.2 Bargaining Powers Of Customers
        6.3.3 Threat Of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat Of Substitutes 
7. Health Information Exchange Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Health Information Exchange Market – By Setup Type (Market Size -$Million/$Billion)
    8.1 Private Health Information Exchange
    8.2 Public Health Information Exchange
9. Health Information Exchange Market– By Type (Market Size -$Million/$Billion)
    9.1 Direct Exchange
    9.2 Query Based Exchange
    9.3 Consumer-Mediated Exchange 
10. Health Information Exchange Market – By Implementation Model (Market Size -$Million/$Billion)
    10.1 Hybrid Models
    10.2 Centralized/ Consolidated Models
    10.3 Decentralized/Federated Model
11. Health Information Exchange Market – By Application (Market Size -$Million/$Billion)
    11.1 Web-portal development 
    11.2 Workflow Management
    11.3 Secure Messaging
    11.4 Internal Interfacing
    11.5 Others
12. Health Information Exchange Market – By Solution (Market Size -$Million/$Billion)
    12.1 Portal -Centric
    12.2 Messaging- Centric
    12.3 Platform – Centric
    12.4 Others
13. Health Information Exchange Market – By End Use (Market Size -$Million/$Billion)
    13.1 Healthcare Providers
    13.2 Healthcare Payers
    13.3 Pharmacies
    13.4 Others
14. Health Information Exchange Market – By Geography (Market Size -$Million/$Billion)
    14.1 North America
        14.1.1 U.S.
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 U.K.
        14.2.2 Germany
        14.2.3 France
        14.2.4 Italy
        14.2.5 Spain
        14.2.6 Rest of Europe
    14.3 Asia-Pacific
        14.3.1 China
        14.3.2 Japan
        14.3.3 South Korea
        14.3.4 India
        14.3.5 Australia & New Zealand
        14.3.6 Rest of Asia-Pacific
    14.4 Rest of the World
        14.4.1 Middle East
        14.4.2 Africa
        14.4.3 South America
15. Health Information Exchange Market– Entropy
16. Health Information Exchange Market – Industry / Segment Competition landscape Premium (Premium)
    16.1 Market Share Analysis
        16.1.1 Market Share by Country- Key companies
        16.1.2 Market Share by Region- Key companies
        16.1.3 Market Share at Global Level- Key companies
        16.1.4 Best Practices for Companies
17. Health Information Exchange Market – Key Company List by Country Premium (Premium)
18. Health Information Exchange Market Company Analysis
    18.1 Company Revenue, Products, M&A, Developments
    18.2 Company 1
    18.3 Company 2
    18.4 Company 3
    18.5 Company 4
    18.6 Company 5
    18.7 Company 6
    18.8 Company 7
    18.9 Company 8
    18.10 Company 9
    18.11 Company 10 and more
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