Healthcare Information Exchange (HIE) Market worth $878 Million by 2018

1
MarketsandMarkets Presents
Healthcare Information Exchange (HIE) Market
worth 878 Million by 2018
http//www.marketsandmarkets.com/Market-Reports/he
althcare-information-exchange-market-249987292.htm
l
2
The Healthcare Information Exchange (HIE) Market
by Setup Types (Public Private), Vendors (Web
Portal Platform), Implementation Models
(Centralized, Federated, Hybrid), Application
(Interfacing, Secure Messaging) - Global Trends
Forecast to 2018 analyzes and studies the major
market drivers, restraints, and opportunities in
North America, Europe, Asia, and the Rest of the
World.      Browse more than 74 market data
tables with 20 figures spread through 198 pages
and in-depth TOC on this report.http//www.market
sandmarkets.com/Market-Reports/healthcare-informat
ion-exchange-market-249987292.html Early buyers
will receive 10 customization on this
report.
3
This report studies the global Health Information
Exchange market over the forecast period of 2013
to 2018. The global HIE market was valued at 558
million in 2013 and is poised to reach 878
million by 2018, at a CAGR of 9.5 from 2013 to
2018. The market is categorized based on set-up
type, vendor type, implementation model, and
applications. The interfacing internal
applications market (in the applications segment)
and the hybrid models market (in the
implementation models segment) are considered as
potential market segments. The rising demand for
HIE and EHR technologies, the increasing number
of U.S. federal government incentive programs,
and the need to reduce healthcare costs are the
major drivers for this market. The private Health
Information Exchange market commanded the largest
share of the market, by set-up type, in 2013 and
is expected to grow at a healthy CAGR of more
than 10 during the study period. This large
share can be attributed to the increased adoption
rate, clear business models, and rising
investments by major HIE vendors such as
CareEvolution (U.S.), Medicity (U.S.), and
RelayHealth (U.S.).
4
The portal-centric segment of the market, by
vendor type, commanded the largest share in 2013
and is expected to grow at a healthy CAGR in the
next five years. The large share of this segment
can be attributed to the increasing use of EHRs
in the developed economies. According to a study
published by U.S. government affairs, in 2012,
approximately 60 of the physicians in the U.S.
used EHRs, an increase from 17 in 2002. The web
portal development market commanded the largest
share of the Health Information Exchange
applications market in 2013 and is expected to
grow at a healthy CAGR of more than 7 during the
study period. This large share can be attributed
to the increasing number of physicians opting for
electronic medical records driven by the
convenience of web-based portals to retrieve
information on patients. The enhanced workflow
due to interfacing applications and the
increasing number of applications that require
interfaces, such as Electronic Medical Records
(EMR), Hospital Information Systems (HIS),
Radiology Information Systems (RIS), Laboratory
Information Systems (LIS), Picture Archiving and
Communications Systems (PACS), and transcription
systems are also factors that are driving the
growth rate of the interfacing internal
applications market.
5
North America accounted for the largest share of
the global market in 2013, as a majority of HIE
companies are concentrated in the U.S. However,
the Asian region is expected to grow at a higher
CAGR in the forecast period. A number of factors
such as various government initiatives in
countries such as Japan (e-Japan policy, New IT
reform Strategy, and iJApan Strategy 2015) and
China (increased healthcare IT expenditure from
135 billion in 2006 to 250 billion in 2010)
will drive the market. Apart from government
initiatives, factors such as the need for
digitization to ensure patient safety and care
and the rapidly increasing aging population are
the major driving factors of the Asian market
growth. The major players in the market include
ATT (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
Siemens AG (Germany).
6
About MarketsandMarkets
MarketsandMarkets is a global market research and
consulting company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the
world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. They
cover thirteen industry verticals, including
advanced materials, automotives and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT. We at
MarketsandMarkets are inspired to help our
clients grow by providing apt business insight
with our huge market intelligence repository.
http//www.marketsandmarkets.com/Market-Reports/he
althcare-information-exchange-market-249987292.htm
l
7
Contact Us
Mr. RohanNorth - Dominion Plaza, 17304 Preston
Road, Suite 800, Dallas, TX 75252Tel
1-888-6006-441Email sales_at_marketsandmarkets.com
 MarketsandMarkets Bloghttp//twitter.com/market
smarkets
http//www.linkedin.com/company/marketsandmarkets