North America Health Information Exchange Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Set Up (Public, and Private), Type (Query Based, Direct Mediated, and Consumer Mediated), Implementation Model (Centralized, Decentralized, and Hybrid), Application (Workflow Management, Internal Interfacing, Web Portal Development, and Other Applications), End User (Pharmacies, Healthcare Payers, and Healthcare Providers), and Deployment (On-Premise and Cloud Based)


No. of Pages: 155    |    Report Code: TIPRE00023514    |    Category: Technology, Media and Telecommunications

North America Health Information Exchange Market
Buy Now

Market Introduction

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.

 


Get more information on this report

North America Health Information Exchange Strategic Insights

Strategic insights for the North America Health Information Exchange provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/north-america-health-information-exchange-market-strategic-framework.webp
Get more information on this report

North America Health Information Exchange Report Scope

Report Attribute Details
Market size in 2021 US$ 665.03 Million
Market Size by 2028 US$ 1,439.25 Million
Global CAGR (2021 - 2028) 11.7%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Set Up
  • Public
  • Private
By Type
  • Query Based
  • Direct Mediated
  • Consumer Mediated
By Implementation Model
  • Centralized
  • Decentralized
  • Hybrid
By Application
  • Workflow Management
  • Internal Interfacing
  • Web Portal Development
  • Other Applications
By End User
  • Pharmacies
  • Healthcare Payers
  • Healthcare Providers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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
  • Get more information on this report

    North America Health Information Exchange Regional Insights

    The geographic scope of the North America Health Information Exchange refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/north-america-health-information-exchange-market-geography.webp
    Get more information on this report


    Market Overview and Dynamics

    The 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 growth of the market is attributed to some key driving factors such as government support for adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization across North America. However, the data security and privacy concerns are hampering the growth of the market.

    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. Also, growing emphasis of healthcare cost optimization by the implementation of certain strategies, such as adoption of cloud-based solutions and cutting of hidden fees can provide substantial cost benefits. Such advantages offered by health information exchange are likely to accelerate the growth of health information exchange market during the forecast period.

    The North America is adversely affected due to the exponential increase of COVID-19 cases in the region. Due to the increasing patient volumes, the demand for EMR and EHR platforms to handle complex patient data has grown. As a result, hospitals are progressively focusing on building their capabilities by integrating various hospital systems with EHRs. Players operating in this market have also integrated their EHR platforms with telehealth solutions and upgraded their software solutions to help healthcare providers manage COVID-19 patients effectively. Similarly, in Canada, several government agencies are working towards the management of COVID using HIE and EHR platforms with telehealth solutions and upgraded their software solutions. Hence it has positively impacted the market growth.

     

    Key Market Segments

    Based on the set up, the North America health information exchange market was segmented into public and private. In 2020, the private segment held the largest share of the market and is expected to grow at the fastest rate during the coming years.

    The North America health information exchange market, by type, is segmented into query-based, direct mediated, and consumer mediated. The direct mediated segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

    The North America health information exchange market, by implementation model, is segmented into hybrid, centralized, and decentralized. The hybrid segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

    The North America health information exchange market, by application, is segmented into internal interfacing, web portal development, workflow management and other applications. The web portal development segment held the largest share of the market in 2020, whereas the internal interfacing segment is anticipated to register the highest CAGR in the market during the forecast period.

     

    Major Sources and Companies Listed

    A few of the primary and secondary sources associated with this report on the North America health information exchange market are the Centers for Medicare & Medicaid Services (CMS), United Services Automobile Association (USAA) and Pharmaceutical Research and Manufacturers of America (PhRMA).

     

    Reasons to buy the report

    • Determine prospective investment areas based on a detailed trend analysis of North America health information exchange market over the next years.
    • Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
    • Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
    • Identify the major channels driving the North America health information exchange market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
    • Channelize resources by focusing on the ongoing programs undertaken by the different countries within the North America health information exchange market.

     

    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

    Company Profiles

    • 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

    The List of Companies - North America Health Information Exchange Market

    1. Health Catalyst, Inc.
    2. Nextgen Healthcare Information System, LLC
    3. McKesson Corporation
    4. Optum, Inc.
    5. Oracle Corporation
    6. eClinicalWorks
    7. Allscripts Healthcare, LLC
    8. General Electric Company
    9. Cerner Corporation
    10. Orion Health group of companies
    Frequently Asked Questions
    How big is the North America Health Information Exchange Market?

    The North America Health Information Exchange Market is valued at US$ 665.03 Million in 2021, it is projected to reach US$ 1,439.25 Million by 2028.

    What is the CAGR for North America Health Information Exchange Market by (2021 - 2028)?

    As per our report North America Health Information Exchange Market, the market size is valued at US$ 665.03 Million in 2021, projecting it to reach US$ 1,439.25 Million by 2028. This translates to a CAGR of approximately 11.7% during the forecast period.

    What segments are covered in this report?

    The North America Health Information Exchange Market report typically cover these key segments-

    • Set Up (Public, Private)
    • Type (Query Based, Direct Mediated, Consumer Mediated)
    • Implementation Model (Centralized, Decentralized, Hybrid)
    • Application (Workflow Management, Internal Interfacing, Web Portal Development, Other Applications)
    • End User (Pharmacies, Healthcare Payers, Healthcare Providers)

    What is the historic period, base year, and forecast period taken for North America Health Information Exchange Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Health Information Exchange Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in North America Health Information Exchange Market?

    The North America Health Information Exchange Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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
  • Who should buy this report?

    The North America Health Information Exchange Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Health Information Exchange Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now