Health Information Exchange Market is Estimated to Develop at a CAGR of 12.2% during the Forecast Period, notes MnM Study

 

Increasing demand for facilitated access to patient health information and effective management of large amounts of patient-related data among healthcare providers are anticipated to be the crucial driving factors for Health Information Exchange market growth in the near future.

 

[199 Pages Report] The global health information exchange market is expected to reach USD 2.0 billion by 2025 from USD 1.1 billion in 2020, at a CAGR of 12.2%.

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Report Scope and Market Segmentation:

Report Metric

Details

Market Size Available for Years

2019–2026

Base Year Considered

2020

Forecast Period

2022–2026

Forecast Units

Value (USD Billion)

Segments Covered

By Setup Type, By Implementation Model, By Type,  By Application,  By Solution, By End Users &  by Region

Geographies Covered

North America, Europe, APAC, Latin America and Middle East & Africa

Companies Covered

The major market players include Epic Systems Corporation (US), Cerner Corporation (US), MEDITECH (US), Intersystems Corporation (US), Change Healthcare (US) (Total 20 companies)

 

The directed exchange segment to account for the largest share during the forecast period

Based on the type, the health information exchange market is segmented into directed(push HIE), query-based (pull-HIE), consumer-mediated exchange solutions. The directed (push HIE) exchange segment is expected to account for the largest share of the market

The web portal development application segment to account for the largest share during the forecast period

Based on application, the HIE market is categorized into internal interfacing, workflow management, secure messaging, web portal development, patient safety, and others (personal health records and chronic disease management).  The web portal development application segment is expected to is expected to account for the largest share of the market

North America regional segment to account for the largest market share of the health information exchange market

Geographically, the health information exchange market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. North America is the largest regional market for health information exchange systems, followed by Europe.

EPIC SYSTEMS CORPORATION (US)

Epic Systems (US) held the leading position in the health information exchange market. The company is also one of the dominant players in the hospital EMR systems market, accounting for an estimated share of 28-30% of the acute care hospitals in 2019 in US. Every month around 100 million records are share between Epic users and with providers using other systems.

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