Product Code: 978-1-68038-971-5
Health Information Exchange Market Growth & Trends:
The global health information exchange market size is anticipated to reach USD 3.86 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.7% from 2024 to 2030. The increasing need for greater access to patient health information is a potent driver of the health information exchange (HIE) market. Additionally, the increasing awareness pertaining to the HIE owing to the presence of government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS), is the major factor expected to drive the growth of the aforementioned industry over the forecast period.
Furthermore, the increasing focus towards advanced healthcare solutions along with the increased provision of funds from government organizations to expand healthcare information systems is expected to increase the adoption of HIE systems in the near future. For example, the presence of the Agency for Healthcare Research and Quality (AHRQ), which is instrumental in providing funds pertinent to HIE implementation in the U.S.
Health Information Exchange Market Report Highlights:
- Private HIEs dominated the market, accounting for a share of 63.6% in 2023, and are expected to grow at the fastest CAGR of 10.0% over the forecast period. This dominance is attributed to presence of a larger number of service providers and higher cost efficiency in the above-mentioned segment.
- Under the category of implementation model of HIE, the hybrid model segment is anticipated to grow at a lucrative rate due to the associated benefits, such as improved patient care delivery and enhanced operational efficiency of the practices
- On the basis of solution type, the platform segment is expected to grow at the fastest CAGR of 10.8% over the forecast period. This can be attributed to the benefits associated with platform-centric solutions, such as storage of colossal amounts of data and facilitated HIE, thus the implied demand for the products in the health information exchange market.
- In terms of applications, the internal interfacing segment is anticipated to grow at the fastest CAGR of 11.5% over the forecast period. The increasing need to connect with a larger number of patients through the use of patient engagement tools and internal interfacing is presumed to propel the demand for the HIE market.
- The North American health information exchange market dominated in 2023. The health information exchange market in the U.S. dominated the market with a share of 85.0% in 2023 due to several strategic activities in the region by key market players, such as the launch of new technology, collaborations, and partnerships.
- Asia Pacific is anticipated to witness fastest growth in the health information exchange market due to the rising disposable income levels, the increased awareness levels amongst healthcare practitioners regarding the HIE systems, the presence of outsourced HIE service providers, and the rising investments in the healthcare industry by the major players
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Health Information Exchange Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Health Information Exchange Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Health Information Exchange Market: Setup Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Health Information Exchange Market: Setup Type Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Private HIE
- 4.3.1. Private HIE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Public HIE
- 4.4.1. Public HIE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Health Information Exchange Market: Implementation Model Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Health Information Exchange Market: Implementation Model Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Centralized HIE Model
- 5.3.1. Centralized HIE Model Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Decentralized HIE Model
- 5.4.1. Decentralized HIE Model Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Hybrid HIE Model
- 5.5.1. Hybrid HIE Model Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Health Information Exchange Market: Solution Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Health Information Exchange Market: Solution Type Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Portal
- 6.3.1. Portal Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Platform
- 6.4.1. Platform Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Messaging
- 6.5.1. Messaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Health Information Exchange Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Health Information Exchange Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Web Portal Development
- 7.3.1. Web Portal Development Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Internal Interfacing
- 7.4.1. Internal Interfacing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Work Flow Management
- 7.5.1. Work Flow Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Health Information Exchange Market: Regional Estimates & Trend Analysis
- 8.1. Health Information Exchange Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
- 8.3.6.1. Spain Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.7. Denmark
- 8.3.7.1. Denmark Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.8. Sweden
- 8.3.8.1. Sweden Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.9. Norway
- 8.3.9.1. Norway Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.2.1. Japan Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. China
- 8.4.3.1. China Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. South Korea
- 8.4.6.1. South Korea Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.7. Thailand
- 8.4.7.1. Thailand Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2.2. Argentina Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. South Africa Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. UAE Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.5. Kuwait
- 8.6.5.1. Kuwait Health Information Exchange Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. IBM
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Siemens Healthcare Private Limited
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Orion Health group of companies
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Veradigm LLC
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. CareEvolution, LLC.
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Oracle
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. eClinicalWorks
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. RelayHealth (McKinsey & Company)
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives