The “Healthcare Information Exchange (HIE) Market by Setup Types (Public & Private), Vendors (Web Portal & Platform), Implementation Models (Centralized, Federated, & Hybrid), Application (Interfacing, Secure Messaging) - Global Trends & Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and the Rest of the World.
The Health Information Exchange market is expected to grow at a strong CAGR during the study period. This is due to factors such as incentives by the U.S. federal government, improvements in patient care and safety, and reduction in healthcare costs. However, factors such as high implementation costs, slow returns on investment, and interoperability issues are hampering the growth of this market.
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The Health Information Exchange systems market is mainly categorized by set-up type, vendor, implementation model, and application. Based on the type of set-up, the market is further segmented into public and private HIEs. Depending on the type of vendor, the market is classified into portal-centric, messaging-centric, platform-centric, and others. Based on implementation models, the market is categorized into centralized, decentralized, hybrid, switch, and patient-managed models. The applications considered for Healthcare Information Exchange systems are classified into interfacing internal applications, workflow management, secure messaging, web portal development, patient safety, and others.
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The web portal development segment commanded the largest share of the global Health Information Exchange applications market. It is expected to grow at a strong CAGR during the study period. The large share and high growth of this segment can be attributed to the increasing number of physicians opting for electronic medical records driven by the convenience of web-based portals to retrieve information on patients.
North America dominated the market, accounting for a share of more than 80%. The leading market share of the North American region can be attributed to the presence of a large number of major manufacturers, such as AT&T, CareEvolution, Cerner Corporation, IBM Corporation, Intersystems, Medicity, and Oracle in this region. Additionally, the rising adoption of HIE and EHR technologies driven by the incentive programs introduced by the federal government are favorable factors driving the market growth.
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