IQ4I Research & Consultancy Published a New Report on Health Information Exchange Global Market": Estimated to be Worth $1.3 Billion by 2021
Summary
IQ4I’s Report Contains 91 market data tables and 27 figures spread through 264 pages and an exhaustive TOC on “Health Information Exchange Global Market [Set-up (Public and Private HIE); Vendor (Portal-centric, Messaging-centric, Platform-centric and Others); Implementation Model (Centralized, Federated, Switch, Patient Managed and Hybrid HIE); Information Exchange Type (Push and Pull mode); Component (EMPI, HPD, RLS and Clinical data repository); Application (Interfacing internal application, Workflow management, Secure messaging, Web portal development, Patient safety and Others); End-users (ED Provider, Public Health Agency, Medical Research, Primary Care Provider, Care Manager and Specialists) Regional (North America, Europe, Asia Pacific and Rest of the World).Patient matching, increased focus on data security, population health management and meeting stage 2 meaningful use exchange requirements are a few major transformations which took place in recent times in HIE market.An increasing number of U.S. federal government incentive programs, rising demand for HIE and EHR technologies and reduction in healthcare cost by eliminating unnecessary testing are some the factors driving the health information exchange market, while interoperability issues, increased implementation cost, slow return on investment and lack of EHR vendor cooperation are the factors hampering the market growth.The market analysis is performed by Set-up (Public and Private HIE), Vendor (Portal-centric, Messaging-centric, Platform-centric and Others), Implementation Model (Centralized, Federated, Switch, Patient Managed and Hybrid HIE), Information Exchange Type (Push and Pull mode), Component (EMPI, HPD, RLS and Clinical data repository), Application (Interfacing internal application, Workflow management, Secure messaging, Web portal development, Patient safety and Others), End-users (ED Provider, Public Health Agency, Medical Research, Primary Care Provider, Care Manager and Specialists) and Regional (North America, Europe, Asia Pacific and Rest of the World).Earlier healthcare providers were dependent on paper charts, phone calls, pagers and fax machines to send and receive patient health information which are now considered as time-consuming, unreliable and has quiet often left the healthcare providers with an incomplete scenario of patient’s medical history.However, Asia-pacific region is expected to grow at the highest CAGR during the forecast period due to increased aging population coupled with growing prevalence of chronic diseases such as cancer, diabetes, cardiac arrest, growth in disposable incomes, emphasis to boost medical tourism, establish private payment systems that promote eHealth and tele-health are the factors driving this market.Major players in health information exchange market include AT&T (U.S.), CareEvolution (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.K.), IBM Corporation (U.S.), Intersystems (U.S.), Medicity (U.S.), Oracle (U.S.), Orion Health (U.S.) and Optum (U.S.).