Market Revenue Health Information Exchange (HIE) Industry

Health Information Exchange (HIE) Industry Regional Movement
Analysis, Revenue Estimates From 2013-2024
“Health Information Exchange (HIE) Market is expected to witness lucrative
growth over the forecast period. Need for greater access to patient health
information, enhanced stakeholder’s collaboration and rising awareness of
HIE technology are the key drivers leading to the market growth.”
Global Health Information Exchange (HIE) Market is expected to witness lucrative growth over the forecast
period. Need for greater access to patient health information, enhanced stakeholder’s collaboration and rising
awareness of HIE technology are the key drivers leading to the market growth. Furthermore, increasing
incentives by the federal government, growing investments, increasing geriatric population and raising demand
for reduction in healthcare cost are the factors anticipating the demand for health information exchange. HIE
refers to the electronic mobilization of healthcare information within defined geographical area to bring
stakeholders together.
The stakeholders include doctors, patient, pharmacists, nurses and labs. HIE enables speedy access and sharing
of patient’s clinical data to the healthcare providers for providing effective, timely and efficient delivery of care
to the patient. Sharing of patient information on time helps in effective decision making, avoids readmission
and medication errors, improves diagnostic rate and, decreases duplicate testing. The technology provides high
standard of patient care coupled with reduction in expenses associated with physical mailing of patient records,
manual printing of document and, efforts involved in recovering patients’ reports. On the basis of set up type,
HIE market is segmented into implementation model and vendors model and, also in public and private HIE.
Implementation is further classified into hybrid model, centralized model and decentralized model. Among
these implementation models, hybrid model is projected to be the potential market segment as it is a
combination of both decentralized and centralized model. Hence, it consists of advantages of both the models.
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