Product Code: PM4037
The global health information exchange market size is expected to reach USD 4,255.38 million by 2032, according to a new study by Polaris Market Research. The report "Health Information Exchange Market Share, Size, Trends, Industry Analysis Report, By Type (Private, Public); By Solution; By Implementation Model; By Application; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Health Information Exchange (HIE) stands as a vital element within contemporary healthcare systems. It enables the electronic transfer of medical data among diverse healthcare providers, organizations, and systems. This encompasses the secure exchange of patient health records, diagnostic results, medication histories, and pertinent health data, guaranteeing swift access to authorized individuals within the healthcare network. The primary objective of HIE is to enhance care coordination, elevate patient outcomes, and streamline the delivery of healthcare services.
Health Information is the enhancement of patient care and safety. HIE furnishes healthcare professionals with timely access to a patient's detailed medical history, encompassing allergies, medications, and prior treatments. This empowers them to make well-informed clinical decisions, a critical factor in emergency scenarios where swift and precise treatment can be life-saving. Moreover, HIE plays a pivotal role in minimizing medication errors and adverse drug reactions by offering precise and current information regarding a patient's prescribed medications.
Inadequate standards exist for the electronic exchange of information within Electronic Health Records (EHRs), as providers have noted deficiencies in certain areas. The Government Accountability Office (GAO) has determined that for electronically exchanged information between providers to be effectively interpreted and utilized within the EHR, it must adhere to uniform standards. Additionally, healthcare providers have reported challenges in sharing health information across state lines due to a limited comprehension of the differences in state privacy regulations.
Health Information Exchange Market Report Highlights
- Private segment is expected to grow at a highest CAGR during the projected period, on account of better healthcare facilities
- Portal-centric segment accounted for largest market share in 2022, which is mainly driven by flexibility, and easily accessibility
- Hybrid segment held the significant market revenue share in 2022, mainly due to better operational enhancements
- The web portal development segment accounted for the largest market share in 2022
- North America region dominated the market with majority share in 2022, owing to exponential growth in the technology
- The global key market players include: Epic Systems Corporation, GE Healthcare, Health Catalyst, IBM Corporation, InterSystems Corporation
Polaris Market Research has segmented the health information exchange market report based on type, solution, implementation model, application, and region:
Health Information Exchange, Type Outlook (Revenue - USD Million, 2019 - 2032)
Health Information Exchange, Solution Outlook (Revenue - USD Million, 2019 - 2032)
- Platform-centric
- Portal-centric
- Messaging-centric
Health Information Exchange, Implementation Model Outlook (Revenue - USD Million, 2019 - 2032)
- Hybrid
- Centralized
- Decentralized
Health Information Exchange, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Workflow Management
- Internal Interfacing
- Web Portal Development
Health Information Exchange, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Health Information Exchange Market Insights
- 4.1. Health Information Exchange - Industry Snapshot
- 4.2. Health Information Exchange Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased focus on digital transformation
- 4.2.1.2. Data Security and Privacy
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Cost of Implementation
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Health Information Exchange Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Health Information Exchange Market, by Solution
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 5.3. Platform-centric
- 5.3.1. Global Health Information Exchange Market, by Platform-centric, by Region, 2019-2032 (USD Million)
- 5.4. Portal-centric
- 5.4.1. Global Health Information Exchange Market, by Portal-centric, by Region, 2019-2032 (USD Million)
- 5.5. Messaging-centric
- 5.5.1. Global Health Information Exchange Market, by Messaging-centric, by Region, 2019-2032 (USD Million)
6. Global Health Information Exchange Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 6.3. Workflow Management
- 6.3.1. Global Health Information Exchange Market, by Workflow Management, by Region, 2019-2032 (USD Million)
- 6.4. Internal Interfacing
- 6.4.1. Global Health Information Exchange Market, by Internal Interfacing, by Region, 2019-2032 (USD Million)
- 6.5. Web Portal Development
- 6.5.1. Global Health Information Exchange Market, by Web Portal Development, by Region, 2019-2032 (USD Million)
7. Global Health Information Exchange Market, by Implementation Model
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 7.3. Hybrid
- 7.3.1. Global Health Information Exchange Market, by Hybrid, by Region, 2019-2032 (USD Million)
- 7.4. Centralized
- 7.4.1. Global Health Information Exchange Market, by Centralized, by Region, 2019-2032 (USD Million)
- 7.5. Decentralized
- 7.5.1. Global Health Information Exchange Market, by Decentralized, by Region, 2019-2032 (USD Million)
8. Global Health Information Exchange Market, by Type
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 8.3. Public
- 8.3.1. Global Health Information Exchange Market, by Public, by Region, 2019-2032 (USD Million)
- 8.4. Private
- 8.4.1. Global Health Information Exchange Market, by Private, by Region, 2019-2032 (USD Million)
9. Global Health Information Exchange Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Health Information Exchange Market Assessment, By Geography, 2019-2032 (USD Million)
- 9.3. Health Information Exchange Market - North America
- 9.3.1. North America: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.3.2. North America: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.3.3. North America: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.3.4. North America: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.3.5. Health Information Exchange Market - U.S.
- 9.3.5.1. U.S.: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.3.5.2. U.S.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.3.5.3. U.S.: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.3.5.4. U.S.: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.3.6. Health Information Exchange Market - Canada
- 9.3.6.1. Canada: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.3.6.2. Canada: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.3.6.3. Canada: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.3.6.4. Canada: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4. Health Information Exchange Market - Europe
- 9.4.1. Europe: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.2. Europe: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.3. Europe: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.4. Europe: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.5. Health Information Exchange Market - UK
- 9.4.5.1. UK: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.5.2. UK: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.5.3. UK: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.5.4. UK: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.6. Health Information Exchange Market - France
- 9.4.6.1. France: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.6.2. France: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.6.3. France: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.6.4. France: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.7. Health Information Exchange Market - Germany
- 9.4.7.1. Germany: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.7.2. Germany: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.7.3. Germany: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.7.4. Germany: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.8. Health Information Exchange Market - Italy
- 9.4.8.1. Italy: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.8.2. Italy: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.8.3. Italy: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.8.4. Italy: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.9. Health Information Exchange Market - Spain
- 9.4.9.1. Spain: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.9.2. Spain: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.9.3. Spain: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.9.4. Spain: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.10. Health Information Exchange Market - Netherlands
- 9.4.10.1. Netherlands: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.10.2. Netherlands: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.10.3. Netherlands: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.10.4. Netherlands: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.4.11. Health Information Exchange Market - Russia
- 9.4.11.1. Russia: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.4.11.2. Russia.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.4.11.3. Russia: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.4.11.4. Russia: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5. Health Information Exchange Market - Asia Pacific
- 9.5.1. Asia Pacific: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.2. Asia Pacific: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.3. Asia Pacific: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.4. Asia Pacific: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5.5. Health Information Exchange Market - China
- 9.5.5.1. China: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.5.2. China.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.5.3. China: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.5.4. China: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5.6. Health Information Exchange Market - India
- 9.5.6.1. India: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.6.2. India.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.6.3. India: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.6.4. India: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5.7. Health Information Exchange Market - Japan
- 9.5.7.1. Japan: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.7.2. Japan.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.7.3. Japan: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.7.4. Japan: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5.8. Health Information Exchange Market - Malaysia
- 9.5.8.1. Malaysia: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.8.2. Malaysia.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.8.3. Malaysia: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.8.4. Malaysia: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5.9. Health Information Exchange Market - Indonesia
- 9.5.9.1. Indonesia: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.9.2. Indonesia.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.9.3. Indonesia: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.9.4. Indonesia: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.5.10. Health Information Exchange Market - South Korea
- 9.5.10.1. South Korea: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.5.10.2. South Korea.: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.5.10.3. South Korea: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.5.10.4. South Korea: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.6. Health Information Exchange Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.6.2. Middle East & Africa: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.6.3. Middle East & Africa: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.6.4. Middle East & Africa: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.6.5. Health Information Exchange Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.6.5.2. Saudi Arabia: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.6.5.3. Saudi Arabia: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.6.5.4. Saudi Arabia: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.6.6. Health Information Exchange Market - South Africa
- 9.6.6.1. South Africa: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.6.6.2. South Africa: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.6.6.3. South Africa: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.6.6.4. South Africa: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.6.7. Health Information Exchange Market - Israel
- 9.6.7.1. Israel: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.6.7.2. Israel: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.6.7.3. Israel: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.6.7.4. Israel: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.6.8. Health Information Exchange Market - UAE
- 9.6.8.1. UAE: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.6.8.2. UAE: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.6.8.3. UAE: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.6.8.4. UAE: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.7. Health Information Exchange Market - Latin America
- 9.7.1. Latin America: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.7.2. Latin America: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.7.3. Latin America: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.7.4. Latin America: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.7.5. Health Information Exchange Market - Mexico
- 9.7.5.1. Mexico: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.7.5.2. Mexico: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.7.5.3. Mexico: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.7.5.4. Mexico: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.7.6. Health Information Exchange Market - Brazil
- 9.7.6.1. Brazil: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.7.6.2. Brazil: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.7.6.3. Brazil: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.7.6.4. Brazil: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
- 9.7.7. Health Information Exchange Market - Argentina
- 9.7.7.1. Argentina: Health Information Exchange Market, by Solution, 2019-2032 (USD Million)
- 9.7.7.2. Argentina: Health Information Exchange Market, by Type, 2019-2032 (USD Million)
- 9.7.7.3. Argentina: Health Information Exchange Market, by Application, 2019-2032 (USD Million)
- 9.7.7.4. Argentina: Health Information Exchange Market, by Implementation Model, 2019-2032 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Allscripts Healthcare Solutions
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Cerner Corporation
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Change Healthcare
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Epic Systems Corporation
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. GE Healthcare
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Health Catalyst
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. IBM Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. InterSystems Corporation
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. McKesson Corporation
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Medicity (A Cerner Company)
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. NextGen Healthcare
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Optum (A UnitedHealth Group Company)
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Orion Health
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Philips Healthcare
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Siemens Healthineers
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development