North America Health Information Exchange Market Revenue, Growth Rate, Segmentation, Trends and Forecast to 2027
North America Health Information Exchange Market
NEW YORK, UNITED STATES, January 11, 2023 /EINPresswire.com/ -- North America Health Information Exchange Market is expected to reach US$ 1,439.25 million by 2028 from US$ 665.03 million in 2021; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028.
The Health Information Exchanges (HIEs) are crucial for connecting communities and ensuring patient health records are always available. Healthcare information exchange is an integral and significant element of health information technology (HIT) infrastructure. Healthcare information exchange refers to the deployment of healthcare information electronically.
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Key companies profiled in this research report are:
• Health Catalyst, Inc.
• Nextgen Healthcare Information System, LLC
• McKesson Corporation
• Optum, Inc.
• Oracle Corporation
• eClinicalWorks
• Allscripts Healthcare, LLC
• General Electric Company
• Cerner Corporation
• Orion Health group of companies
North America Health Information Exchange Market Segmentation:
By Set Up
• Private
• Public
By Type
• Direct Mediated
• Query-based
• Consumer Mediated
By Implementation Model
• Hybrid
• Centralized
• Decentralized
By Application
• Web Portal Development
• Internal Interfacing
• Workflow Management
• Other Applications
By End User
• Healthcare Providers
• Healthcare Payers
• Pharmacies
By Deployment
• On-Premise
• Cloud Based
By Country
• US
• Canada
• Mexico
The rapid growth of health information technology has led to the increase in exchange of patient medical information through electronic health records (EHRs). The systems can collect patient information as well as share the information with other healthcare professionals involved in the patient's care. The governments, healthcare authorities, and market players are actively supporting the adoption of EHR systems to streamline the process of healthcare activities. Moreover, the systems enable efficient data gathering and exchange, allowing healthcare professionals to enhance the quality of the treatment. According to a data published on NCBI, in 2015, around 91.0% of the Canadians had their data registered on EHRs, and an estimated 91,000 physicians were using EHR systems for day-to-day work. Moreover, according to a survey conducted by Canadian Medical Association in 2017, around 85.0% of the physicians in the country were using EMR systems. Such government initiatives are expected to drive the adoption of EHR systems, which will eventually propel the growth of the health information exchange market by 2028.
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the North America Health Information Exchange market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the North America Health Information Exchange market?
4. What are the prominent market trends influencing the development of the North America Health Information Exchange market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the North America Health Information Exchange market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Health Information Exchange market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the North America Health Information Exchange market segments and regions.
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Finally, North America Health Information Exchange Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report provides locales, economic conditions, item values, benefits, limits, creations, supplies, requests, market development rates, and numbers, etc. North America Health Information Exchange Industry Report Announces Additional New Task SWOT Examination, Speculation Achievement Investigation and Venture Return Investigation.
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