Health Information Exchange 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.
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Market Synopsis of Health Information Exchange Market:
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.
In set up type, private HIE is
expected to dominate the market owing to the benefits associated with it such
as deep commitment to a shared vision among shareholders. Shared vision include
reduction in cost associated with unnecessary duplicate tests. Other benefits
are steady flow of funds for development obtained from stakeholders in the
private sector and physician engagement at every level of the HIE. Private HIE
are growing at a rapid pace in comparison to public HIE.
The vendors’ type is further
segmented into messaging centric, platform centric, portal centric, clinical
data management and personal health records. Portal centric segment is
considered to hold the largest market share of health information exchange and
is anticipated to witness robust growth over the coming six years due to the
increasing use of electronic health records in the developed countries.
Based on pattern of data
exchange, the market is segregated into consumer mediated exchange for patient
control, directed exchange for coordinate care and query based exchange for
unplanned care. By application, it is used in the fields such as web portal
development, secure messaging, workflow management, interfacing internal
application and, patient safety. Among these application, HIE is majorly used
in web portal development owing to the increasing number of documents choosing
for electronic medical records driven by the accessibility of portals to
retrieve information on patients. The end users of the market include public
health agency, ED provider, medical research, care manager, primary care
provider and specialists.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Health Information
Exchange: Market Variables, Trends & Scope
Chapter 4 Health Information
Exchange: Product Estimates & Trend Analysis
Chapter 5 Health Information
Exchange: Application Estimates & Trend Analysis
Chapter 6 Health Information
Exchange: End-use Estimates & Trend Analysis
Chapter 7 Health Information Exchange:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Health Information
Exchange: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Health Information
Exchange: Manufacturers Company Profiles
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