Health Information Exchange Market, By Setup (Public, Private), By Implementation Model (Hybrid, Centralized, Decentralized), By Solution (Messaging-centric, Platform-centric and Portal-centric), By Application (Workflow Management, Internal Interfacing, Web Portal Development), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI512623 | Publish Date: March 2024 | No. of Pages: 168

Health Information Exchange Market Overview

Health Information Exchange  Market was valued at US$ 2 Billion in 2024 and is projected to grow at a CAGR of 12.30% to reach US$ 6.3 Billion by 2034.

Health Information Exchange (HIE) provides connection to external agencies and internal facilities for secure exchange of patient healthcare data. Health information systems help in checking the efficiency & stability of organizations, analyze patient care and also help in accessing staff performance.

Growing demand for facilitated access in patient health information has contributed in market growth. Advancement in digital technologies has further facilitated the demand for market growth. Growing prevalence of disease and improved healthcare facilities with government spending on healthcare segment is further expected to fruitful the demand for Health Information Exchange market growth.

Health Information Exchange Market Dynamics

Growing focus of government organizations in healthcare system to fuel market growth

Rising focus of government in healthcare system has become a leading factor in Health Information Exchange Market growth. Government initiative in improving healthcare infrastructure coupled with emerging technologies with all-care facilities for patients is likely to propel market growth. Adoption of digital technologies in healthcare sector with government initiatives has boost the demand for market growth.

For instance, in December 2022, The National Health Authority (NHA) set up a Health Exchange platform which help in digitizing & simplifying the process of filing claims of health insurance. AB PM-JAY (Ayushman Bharat Pradhan Mantri Jan Arogya Yojana) has become the first insurance scheme in the world for implementing digital solution with platform in Haryana followed by launch of pan-India.

Restrains:

However, data privacy and security issues has hampered the market growth. Further, use of outdated legacy systems and high cost of deployment has restrain the Health Information Exchange Market growth.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Health Information Exchange Market Segmentation

Health Information Exchange Market is segmented based on and Setup, Implementation Model, Solution, Application and Region.

Setup Insight

On the basis of Setup, Health Information Exchange Market is segmented into Public, Private. The Private setup segment is expected to dominate the target market growth. Growing number of private healthcare systems with high level of engagement of physician at entry level and healthcare information providers has boost the segment growth. Further, fewer governance issues and high workflow efficiency is expected to fruitful the segment growth over the forecast period.

Implementation Model Insights

On the basis of Implementation Model, Health Information Exchange Market is segmented into Hybrid, Centralized, Decentralized. Hybrid implementation model segment is expected to dominate the target market growth as it offers benefits such as lower cost, enormous data storage capacity and increased usage rate.

Solution Insights

On the basis of Solution, Health Information Exchange Market is segmented into Messaging-centric, Platform-centric and Portal-centric. Portal-centric solution segment is expected to dominate the target market growth. The growing number of web portal developments for accessing healthcare information has boost the segment growth.

Application Insights

On the basis of Application, Health Information Exchange Market is segmented into Workflow Management, Internal Interfacing, Web Portal Development. Web Portal Development application segment is expected to dominate the target market growth. The growing accessibility of patient health data accessible through patient portals has boost the segment growth.

Regional Insights:

On region the Health Information Exchange Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. High disposable income, presence of major players such as IBM Corporation, Medicity Inc., government initiative, growing awareness owing to HIE system, and technological is anticipated to increase demand for Health Information Exchange in the region.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Setup - Public, Private

By Implementation Model - Hybrid, Centralized, Decentralized

By Solution - Messaging-centric, Platform-centric and Portal-centric

By Application - Workflow Management, Internal Interfacing, Web Portal Development

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Health Information Exchange Market report based on Setup, Implementation Model, Solution, Application and Region.

Health Information Exchange Market, By Setup:

  • Public
  • Private

Health Information Exchange Market, By Implementation Model:

  • Hybrid
  • Centralized
  • Decentralized

Health Information Exchange Market, By Solution:

  • Messaging-centric
  • Platform-centric
  • Portal-centric

Health Information Exchange Market, By Application:

  • Workflow Management
  • Internal Interfacing
  • Web Portal Development

Health Information Exchange Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

Health Information Exchange Market Key Players

The key players operating the Health Information Exchange Market includes, IBM Corporation, GE Healthcare, Medicity Inc., Siemens AG, Cerner Corporation, Orion Health Inc., RelayHealth Corporation, CareEvolution Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks and others.

Health Information Exchange Market Key Issues Addressed

Recent Development:

  • In May 2023, Ontario Hospitals launched new Health Information Exchange ‘eHUB HIE’ platform. The new launched platform help healthcare organizations to share patient data in easy and secure manner with improved care co-ordination for patients, it also provides clear views into every patient’s care plans, health history, medications from connected devices anywhere in facility.
  • In April 2023, the CSRI (Consortium for State and Regional Interoperability) organization launched new ‘CSRI Health Data Utility Maturity Model’ at HIMSS23 conference and exhibition. The new launched model offer services such as electronic health record integrations, clinical data exchange, claims exchange, public health services, research & academic services, and others. This new tool is designed so that industries can use it as a standardize HDU concept and communicating about it with state governments, health data organizations and others to inform about planning & decision-making for state health information exchange in future.

Health Information Exchange Market Company Profile

  • IBM Corporation*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GE Healthcare
  • Medicity Inc.
  • Siemens AG
  • Cerner Corporation
  • Orion Health Inc.
  • RelayHealth Corporation
  • CareEvolution Inc.
  • Allscripts Healthcare Solutions Inc.
  • eClinicalWorks

“*” marked represents similar segmentation in other categories in the respective section

Health Information Exchange Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Setup
      • Market Snippet, By Implementation Model
      • Market Snippet, By Solution
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Health Information Exchange Market, By Setup
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Public
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Private
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Health Information Exchange Market, By Implementation Model, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Hybrid
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Centralized
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Decentralized
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Health Information Exchange Market, By Solution, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Messaging-centric
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Platform-centric
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Portal-centric
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Health Information Exchange Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Workflow Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Internal Interfacing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Web Portal Development
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  9. Health Information Exchange Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Setup, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Implementation Model, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Setup, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Implementation Model, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Setup, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Implementation Model, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Setup, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Implementation Model, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Setup, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Implementation Model, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • IBM Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GE Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medicity Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cerner Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Orion Health Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RelayHealth Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CareEvolution Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Allscripts Healthcare Solutions Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • eClinicalWorks
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Health Information Exchange Market is segmented into Setup, Implementation Model, Solution, Application and Region.

Health Information Exchange Market is driven by factors like growing focus of government organizations in healthcare system.

By region, the Health Information Exchange Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Health Information Exchange Market includes, IBM Corporation, GE Healthcare, Medicity Inc., Siemens AG, Cerner Corporation, Orion Health Inc., RelayHealth Corporation, CareEvolution Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks and others.

Health Information Exchange Market was valued at US$ 2 Billion in 2024 and is projected to grow at a CAGR of 12.30% to reach US$ 6.3 Billion by 2034.