DUBLIN, Sept. 8, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Health Information Exchange Global Market - Forecast to 2020" report to their offering.
Health Information Exchange (HIE) is the electronic movement of health related information among organizations as per the certain set of standards in order to achieve meaningful use requirements. The healthcare organizations are adopting HIE to facilitate the access and retrieval of clinical data to provide safer, timelier, efficient, effective, equitable, and patient centred care. Based on the pattern of data exchange the HIE market is segmented into directed exchange, consumer mediated exchange, and query based exchange. The HIE market is also segmented depending on the set up types, vendor types, implementation models, and applications. HIE is applied in the fields such as workflow management, secure messaging, web portal development and patient safety.
The global HIE market is expected to grow at a CAGR of around 10% to reach approximately $980 million by 2019. The increase in incentives by the federal government, improvement in patient care and safety, growing investments, raising demand for reduction in healthcare costs and increase in aging population are the major drivers boosting the market growth. Whereas factors such as high implementation costs, interoperability issues, and slow return on investments are restraining the market growth. The demand for cloud based systems, mobile health applications, and emerging economies in APAC region are offering opportunities for the healthcare IT providers. The rising adoption of EHR (Electronic Health Records) and PHR (Personal Health Records), followed by the well defined standards are impacting the success of HIE interoperability. However the internal and external access control seems to be a challenge for the HIE providers.
The global HIE market is segmented into North America, Europe, Asia, and ROW (Africa, Middle East and Pacific countries). North America holds the largest share of the global HIE market as the major HIE companies are concentrated in the U.S. The Asian region is expected to grow at a highest CAGR during the forecast period. The highest CAGR is attributed to factors such as increasing demand for patient care, growing investments, raise in population and initiatives undertaken by governments in the Asian countries such as China, Japan, India and South Korea.
The key players operating in the global HIE market includes All Scripts (U.S.), Epic Systems (U.S.), Philips(the Netherlands), Cerner Corporation (U.S.), GE Healthcare (U.S.),IBM Corporation (U.S.), Medicity (U.S.), Mckesson Corporation (U.S.), Philips(The Netherlands) , Siemens Healthcare (Germany) and so on.
The report provides an in depth market analysis of the above mentioned segments across the following regions:
- North America
- Rest of the World (RoW)
Key Topics Covered:
1. Executive Summary
3. Market Analysis
4. HIE System Market By Types
5. HIE System Market By Vendors
6. HIE Systems Market By Implementation Models
7. HIE Systems Market By Application
8. Regional Market Analysis
9. Company Developments
10. Major Company Profiles
- Cerner Corporation
- GE Healthcare
- IBM corp
- Orion Health
- Siemens Health Care
For more information visit http://www.researchandmarkets.com/research/c4jswq/health
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SOURCE Research and Markets