Healthcare Information Exchange (HIE) Solutions Market Analysis By Setup (Private, Public) And Segment Forecasts To 2024

 

                                  Healthcare Information Exchange (HIE) Solutions Market

In 2023, the market for health information exchange was estimated to be worth $1.40 billion USD. The Global Health Information Exchange Market size is expected to grow at a CAGR of 14 % through the forecast period.

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The private HIE segment held the largest share of over 51.0% of the setup type segment and is anticipated to grow lucratively at a CAGR of over 8.0% during the forecast period. This can be attributed to the increasing number of private healthcare information providers and the high level of physician engagement at every level of the information system. Moreover, the associated benefits, such as high workflow efficiency and fewer governance issues that are involved are further expected to increase the adoption rate over the forecast period.

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Market Definition

Healthcare information exchange is specifically developed to allow doctors, healthcare providers, and other medical facilities to securely and quickly transmit patient medical information electronically. Healthcare practitioners can share and access a patient's medical information via electronic devices through health information exchange (HIE). It also aids in the retrieval of clinical data in order to provide fast, effective, safe, efficient, and patient-centered treatment. It also aids in collaboration with healthcare stakeholders such as nurses, pharmacists, doctors, and other healthcare providers, as well as the reduction of time-consuming administrative duties. In the healthcare sector, it also provides transparency.

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Health Information Exchange Market by Region

• North America

• Europe

• Asia Pacific

• South America

• Middle East and Africa

Health Information Exchange Market Key Players

• Epic Systems Corporation

• Cerner Corporation

• Health Catalyst

• Intersystems Corporation

• MEDITECH

• E Healthcare

• IBM Corporation

• Siemens AG

• Orion Health, Inc.

.Allscripts Healthcare Solutions, Inc.

• Medicity, Inc.

• CareEvolution, Inc.

• Cerner Corporation

• eClinicalWorks

• RelayHealth Corporation

To successfully integrate electronic health records solutions, hospitals must invest heavily in infrastructure development, such as increasing data storage and processing capacities. Healthcare providers are finding it challenging to invest in such infrastructure because their financial resources are already stretched. In addition to infrastructure investments, additional costs are incurred for electronic medical report solutions, maintenance, training, and the conversion of paper data to electronic records. Indirect costs include income losses as a result of the temporary loss of patient data. These are the main barriers to EMR solution adoption that are limiting the health information exchange market's growth, particularly in small and medium-sized hospitals.

This healthcare information exchange (HIE) solutions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare information exchange (HIE) solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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