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MarketsandMarkets

Health Information Exchange Market- Global Forecast to 2020

$5,650.00

Report Published By: MarketsandMarkets
Publication Date : May-16
No. Of Pages: 203

Health information exchange (HIE) involves the sharing of health-related information electronically among healthcare stakeholders. It enables collaboration between healthcare stakeholders, reduces administrative tasks, and provides greater transparency in the healthcare field, thus enhancing the quality, safety, and efficiency of healthcare delivery.

The health information exchange market is expected to reach USD 1,545.0 million by 2020 from USD 990.6 million in 2015, at a CAGR of 9.3%. Factors such as federal mandates like Meaningful Use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and reduction in healthcare costs are driving the health information exchange market. However, data security & privacy concerns and requirement of infrastructural investments to support health information exchange are restraining the growth of this market, to a certain extent.

North America accounted for the largest share of the global health information exchange market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of the North American market is attributed to mandates like Meaningful Use, increasing number of accountable care organizations and increasing adoption of HIE in hospitals. Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.

Major players in the market are focusing on various strategies such as product deployments; agreements, alliances, collaborations, and partnerships; new product launches (including product enhancements and product integration); acquisitions; expansions; and other strategies (divestment, accreditation, funding, and spin-off), to establish a strong foothold in the global health information exchange market..

Cerner Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), RelayHealth Corporation (U.S.), eClinicalWorks (U.S.), Covisint Corporation (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc. (U.S.), Optum, Inc. (U.S.), Medicity, Inc. (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand) are some of the key players in the global health information exchange market.

Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the solutions offered by the top players in the health information exchange market. The report analyzes the health information exchange market, by type, setup type, solution, implementation model, application, and end user
• Product Development/Innovation: Detailed insights on research and development activities and new product launches in the health information exchange market
• Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for health information exchange across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the health information exchange market
• Competitive Assessment: In-depth assessment of strategies, products, and distribution networks of the leading players in the health information exchange market

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 18
1.3.2 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH METHODOLOGY STEPS 21
2.2 SECONDARY AND PRIMARY RESEARCH METHODOLOGY 22
2.2.1 SECONDARY RESEARCH 22
2.2.1.1 Key data from secondary sources 22
2.2.2 PRIMARY RESEARCH 24
2.2.2.1 Key industry insights 24
2.2.2.2 Key data from primary sources 26
2.2.2.3 Key Insights from primary sources 26
2.3 MARKET SIZE ESTIMATION METHODOLOGY 27
2.4 MARKET FORECAST METHODOLOGY 29
2.5 MARKET DATA VALIDATION AND TRIANGULATION 30
2.6 ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 32
3.1 INTRODUCTION 32
3.2 CURRENT SCENARIO 32
3.3 FUTURE OUTLOOK 35
4 PREMIUM INSIGHTS 37
4.1 GLOBAL HEALTH INFORMATION EXCHANGE MARKET : MARKET OVERVIEW 37
4.2 HEALTH INFORAMTION EXCHANGE MARKET, BY END USER AND TYPE 38
4.3 HEALTH INFORMATION EXCHANGE MARKET, BY SOLUTION (2015 VS. 2020) 40
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5 MARKET OVERVIEW 41
5.1 INTRODUCTION 42
5.2 MARKET SEGMENTATION 42
5.3 MARKET DYNAMICS 43
5.3.1 DRIVERS 44
5.3.1.1 Strong government support and initiatives 44
5.3.1.2 Increased measures to improve healthcare quality and care coordination likely to trigger HIE adoption 45
5.3.1.3 Need to curtail healthcare costs 45
5.3.2 RESTRAINTS 47
5.3.2.1 Data privacy and security concerns 47
5.3.2.2 Requirement of significant infrastructural investments coupled with low ROI 47
5.3.3 OPPORTUNITY 48
5.3.3.1 Growing usage of EHR solutions 48
5.3.4 CHALLENGE 49
5.3.4.1 Interoperability issues 49
5.4 INTEROPERABILITY STANDARDS AND REGULATORY IMPLICATIONS 50
5.4.1 PROCESS STANDARDS 50
5.4.2 TECHNICAL STANDARDS 50
5.4.2.1 Structure and Syntax 50
5.4.2.2 Transport 51
5.4.3 PRIVACY & SECURITY 51
5.4.4 SEMANTIC STANDARDS 52
6 ANALYST CORNER 54
6.1 DATA AGGREGATION AND HEALTH INFORMATION EXCHANGE 54
6.1.1 INTRODUCTION 54
6.1.2 PROCESS OF DATA AGGREGATION AND EXCHANGE 54
6.1.3 SELECTION CRITERIA FOR HEALTHCARE DATA AGGREGATION SOLUTIONS 55
6.2 COMMONWELL HEALTH ALLIANCE 57
6.2.1 INTRODUCTION 57
6.2.2 SERVICES OFFERED 57
6.2.3 RECENT DEVELOPMENTS 58
6.2.4 ANALYST VIEW 59
7 HEALTH INFORMATION EXCHANGE MARKET, BY SETUP TYPE 60
7.1 INTRODUCTION 61
7.2 PRIVATE HIE 62
7.3 PUBLIC HIE 63
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8 HEALTH INFORMATION EXCHANGE MARKET, BY TYPE 64
8.1 INTRODUCTION 65
8.2 DIRECTED EXCHANGE (PUSH HIE) 66
8.3 QUERY-BASED EXCHANGE (PULL HIE) 67
8.4 CONSUMER-MEDIATED EXCHANGE 68
9 HEALTH INFORMATION EXCHANGE MARKET, BY IMPLEMENTATION MODEL 69
9.1 INTRODUCTION 70
9.2 HYBRID MODELS 71
9.3 CENTRALIZED/CONSOLIDATED MODELS 72
9.4 DECENTRALIZED/FEDERATED MODEL 73
10 HEALTH INFORMATION EXCHANGE MARKET, BY APPLICATION 74
10.1 INTRODUCTION 75
10.2 WEB PORTAL DEVELOPMENT 76
10.3 WORKFLOW MANAGEMENT 77
10.4 SECURE MESSAGING 78
10.5 INTERNAL INTERFACING 79
10.6 OTHERS 80
11 HEALTH INFORMATION EXCHANGE MARKET, BY SOLUTION 81
11.1 INTRODUCTION 82
11.2 PORTAL-CENTRIC 83
11.3 MESSAGING-CENTRIC 84
11.4 PLATFORM-CENTRIC 85
12 HEALTH INFORMATION EXCHANGE MARKET, BY END USER 86
12.1 INTRODUCTION 87
12.2 HEALTHCARE PROVIDERS 88
12.3 HEALTHCARE PAYERS 89
12.4 PHARMACIES 90
13 HEALTH INFORMATION EXCHANGE MARKET, BY REGION 91
13.1 INTRODUCTION 92
13.2 NORTH AMERICA 94
13.2.1 U.S. 99
13.2.1.1 Federal mandates in the U.S. 99
13.2.1.2 Robust HIE infrastructure required in ACOs 100
13.2.1.3 Substantial funding and government initiatives 100
13.2.1.4 Growing adoption of HIE among hospitals 100
13.2.1.5 Rising need to curtail escalating healthcare costs in the U.S. 101
13.2.1.6 Violation of healthcare data regulations limits the adoption of HIE solutions 101
13.2.2 CANADA 105
13.2.2.1 Growing efforts to enhance healthcare delivery in Canada 105
13.2.2.2 Digital health measures in Canada 106
13.2.2.3 Growing cases of data breach in Canada 106
13.3 EUROPE 110
13.3.1 GOVERNMENT FOCUS ON INTEGRATING HCIT SOLUTIONS IN THE U.K. 111
13.3.2 RISING DEMAND FOR ADVANCED HEALTHCARE SOLUTIONS AND EFFICIENT HEALTHCARE DELIVERY IN GERMANY 111
13.3.3 GOVERNMENT INITIATIVES TO CREATE POTENTIAL MARKET FOR DIGITAL HEALTHCARE IN FRANCE 112
13.3.4 INCREASING FOCUS ON ENSURING INTEROPERABILITY OF PATIENT HEALTH RECORDS (PHR) IN ITALY 113
13.3.5 E-HEALTH INITIATIVES IN ROE 113
13.4 ASIA-PACIFIC (APAC) 117
13.4.1 JAPAN’S ICT FUND AND INITIATIVES TO DRIVE EHR ADOPTION 119
13.4.2 INVESTMENTS AND REFORMS TO MODERNIZE CHINA’S HEALTHCARE INFRASTRUCTURE 119
13.4.3 RAPIDLY GROWING INDIAN HEALTHCARE INDUSTRY 120
13.4.4 IMPLEMENTATION OF HCIT PROGRAMS IN AUSTRALIA AND NEW ZEALAND 120
13.4.5 ‘ONE SINGAPOREAN, ONE HEALTH RECORD’ NEHR INITIATIVE 121
13.5 REST OF THE WORLD (ROW) 124
13.5.1 GROWING HCIT MARKET IN LATIN AMERICA 125
13.5.2 RISING AWARENESS ON HCIT SOLUTIONS IN BRAZIL 125
13.5.3 MODERNIZATION AND DEVELOPMENT OF HEALTHCARE INFRASTRUCTURE IN THE MIDDLE EAST 125
14 COMPETITIVE LANDSCAPE 130
14.1 OVERVIEW 130
14.2 COMPETITIVE SITUATION AND TRENDS 131
14.2.1 PRODUCT DEPLOYMENTS 132
14.2.2 AGREEMENTS, ALLIANCES, PARTNERSHIPS, AND COLLABORATIONS 133
14.2.3 PRODUCT LAUNCHES, ENHANCEMENTS, AND INTEGRATION 134
14.2.4 ACQUISITIONS 135
14.2.5 EXPANSIONS 136
14.2.6 OTHER DEVELOPMENTS 137
14.3 NEW ENTRANTS 138
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15 COMPANY PROFILES 140
(Business Overview, Products & Services, Developments, MnM View)*
15.1 INTRODUCTION 140
15.2 MEDICITY, INC. (A SUBSIDIARY OF AETNA, INC.) 141
15.3 CERNER CORPORATION 144
15.4 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. 149
15.5 INTERSYSTEMS CORPORATION 154
15.6 ORION HEALTH 156
15.7 ECLINICALWORKS 160
15.8 INFOR, INC. 166
15.9 RELAYHEALTH CORPORATION (A SUBSIDIARY OF MCKESSON CORPORATION) 169
15.10 COVISINT CORPORATION 172
15.11 OPTUM, INC. 174
15.12 NEXTGEN HEALTHCARE INFORMATION SYSTEMS, LLC (A SUBSIDIARY OF QUALITY SYSTEMS, INC.) 177
15.13 ARCADIA SOLUTIONS, LLC 180

*Details on MarketsandMarkets view, Introduction, Product & Services, New Developments might not be captured in case of unlisted companies.
16 APPENDIX 182
16.1 DISCUSSION GUIDE 182
16.2 COMPANY DEVELOPMENTS (2013–2016) 186
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 199
16.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 201
16.5 AVAILABLE CUSTOMIZATIONS 201
16.6 RELATED REPORTS 202
LIST OF TABLES

TABLE 1 ENHANCED HEALTHCARE QUALITY AND CARE COORDINATION PROPELLING THE GROWTH OF THE GLOBAL HIE MARKET 46
TABLE 2 DATA PRIVACY AND SECURITY CONCERNS ARE LIMITING THE ADOPTION OF HIE SOLUTIONS 48
TABLE 3 GROWING USAGE OF EHR SOLUTIONS OFFERS HUGE POTENTIAL FOR THE HIE MARKET 49
TABLE 4 INTEROPERABILITY ISSUES—A MAJOR CHALLENGE FOR THE HIE MARKET 49
TABLE 5 KEY REGULATIONS & STANDARDS GOVERNING HEALTHCARE INFORMATION TECHNOLOGIES ACROSS THE GLOBE 52
TABLE 6 GLOBAL HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SETUP TYPE,
2013–2020 (USD MILLION) 61
TABLE 7 PRIVATE HIE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 62
TABLE 8 PUBLIC HIE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 63
TABLE 9 GLOBAL HEALTH INFORMATION EXCHANGE MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 65
TABLE 10 DIRECTED HIE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 66
TABLE 11 QUERY-BASED HIE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 12 CONSUMER-MEDIATED HIE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 68
TABLE 13 GLOBAL HEALTH INFORMATION EXCHANGE MARKET SIZE, BY IMPLEMENTATION MODEL, 2013–2020 (USD MILLION) 70
TABLE 14 HYBRID MODEL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 71
TABLE 15 CENTRALIZED/CONSOLIDATED MODEL MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 72
TABLE 16 DECENTRALIZED/FEDERATED MODEL MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 73
TABLE 17 GLOBAL HEALTH INFORMATION EXCHANGE MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 75
TABLE 18 HIE MARKET SIZE FOR WEB PORTAL DEVELOPMENT, BY REGION,
2013–2020 (USD MILLION) 76
TABLE 19 HIE MARKET SIZE FOR WORKFLOW MANAGEMENT, BY REGION,
2013–2020 (USD MILLION) 77
TABLE 20 HIE MARKET SIZE FOR SECURE MESSAGING, BY REGION,
2013–2020 (USD MILLION) 78
TABLE 21 HIE MARKET SIZE FOR INTERNAL INTERFACING, BY REGION,
2013–2020 (USD MILLION) 79
TABLE 22 OTHER HIE APPLICATIONS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 80
TABLE 23 GLOBAL HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SOLUTION,
2013–2020 (USD MILLION) 82
TABLE 24 PORTAL-CENTRIC HIE SOLUTIONS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 83
TABLE 25 MESSAGING-CENTRIC HIE SOLUTIONS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 84
TABLE 26 PLATFORM-CENTRIC HIE SOLUTIONS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 85
TABLE 27 GLOBAL HEALTH INFORMATION EXCHANGE MARKET SIZE, BY END USER,
2013–2020 (USD MILLION) 87
TABLE 28 HEALTH INFORMATION EXCHANGE MARKET SIZE FOR HEALTHCARE PROVIDERS, BY REGION, 2013–2020 (USD MILLION) 88
TABLE 29 HEALTH INFORMATION EXCHANGE MARKET SIZE FOR HEALTHCARE PAYERS,
BY REGION, 2013–2020 (USD MILLION) 89
TABLE 30 HEALTH INFORMATION EXCHANGE MARKET SIZE FOR PHARMACIES,
BY REGION, 2013–2020 (USD MILLION) 90
TABLE 31 HEALTH INFORMATION EXCHANGE MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 92
TABLE 32 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY COUNTRY, 2013–2020 (USD MILLION) 94
TABLE 33 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY TYPE, 2013–2020 (USD MILLION) 96
TABLE 34 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY SETUP TYPE, 2013–2020 (USD MILLION) 96
TABLE 35 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 97
TABLE 36 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY SOLUTION, 2013–2020 (USD MILLION) 97
TABLE 37 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY END USER, 2013–2020 (USD MILLION) 98
TABLE 38 NORTH AMERICA: HEALTH INFORMATION EXCHANGE MARKET SIZE,
BY IMPLEMENTATION MODEL, 2013–2020 (USD MILLION) 98
TABLE 39 TOP 10 HEALTHCARE DATA BREACHES IN THE U.S. (2015) 102
TABLE 40 HEALTHCARE DATA BREACHES, BY TYPE OF ENTITY 102
TABLE 41 U.S.: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 103
TABLE 42 U.S.: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SETUP TYPE,
2013–2020 (USD MILLION) 103
TABLE 43 U.S.: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 103
TABLE 44 U.S.: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SOLUTION,
2013–2020 (USD MILLION) 104
TABLE 45 U.S.: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY END USER,
2013–2020 (USD MILLION) 104
TABLE 46 U.S.: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY IMPLEMENTATION MODEL, 2013–2020 (USD MILLION) 105
TABLE 47 RECENT DATA BREACH CASES IN CANADA 107
TABLE 48 CANADA: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 107
TABLE 49 CANADA: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SETUP TYPE,
2013–2020 (USD MILLION) 108
TABLE 50 CANADA: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 108
TABLE 51 CANADA: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SOLUTION,
2013–2020 (USD MILLION) 108
TABLE 52 CANADA: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY END USER,
2013–2020 (USD MILLION) 109
TABLE 53 CANADA: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY IMPLEMENTATION MODEL, 2013–2020 (USD MILLION) 109
TABLE 54 EUROPE: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 114
TABLE 55 EUROPE: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SETUP TYPE,
2013–2020 (USD MILLION) 114
TABLE 56 EUROPE: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 115
TABLE 57 EUROPE: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SOLUTION,
2013–2020 (USD MILLION) 115
TABLE 58 EUROPE: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY END USER,
2013–2020 (USD MILLION) 115
TABLE 59 EUROPE: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY IMPLEMENTATION MODEL, 2013–2020 (USD MILLION) 116
TABLE 60 APAC: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 121
TABLE 61 APAC: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SETUP TYPE,
2013–2020 (USD MILLION) 121
TABLE 62 APAC: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 122
TABLE 63 APAC: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SOLUTION,
2013–2020 (USD MILLION) 122
TABLE 64 APAC: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY END USER,
2013–2020 (USD MILLION) 123
TABLE 65 APAC: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY IMPLEMENTATION MODEL, 2013–2020 (USD MILLION) 123
TABLE 66 ROW: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 126
TABLE 67 ROW: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SETUP TYPE,
2013–2020 (USD MILLION) 127
TABLE 68 ROW: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 127
TABLE 69 ROW: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY SOLUTION,
2013–2020 (USD MILLION) 128
TABLE 70 ROW: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY END USER,
2013–2020 (USD MILLION) 128
TABLE 71 ROW: HEALTH INFORMATION EXCHANGE MARKET SIZE, BY IMPLEMENTATION, 2013–2020 (USD MILLION) 129
TABLE 72 PRODUCT DEPLOYMENTS (2013–2016) 132
TABLE 73 AGREEMENTS, ALLIANCES, PARTNERSHIPS, AND COLLABORATIONS (2013–2016) 133
TABLE 74 PRODUCT LAUNCHES, ENHANCEMENTS, AND INTEGRATION (2013–2016) 134
TABLE 75 ACQUISITIONS (2013–2016) 135
TABLE 76 EXPANSIONS (2013–2016) 136
TABLE 77 OTHER DEVELOPMENTS (2013–2016) 137
TABLE 78 NEW PLAYERS FORAYING INTO THE HIE MARKET (2005-2016): 138

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