North America Health Information Exchange Market Size, Share & Trends Analysis Report By Setup Type, By Exchange Type, By Implementation Model (Hybrid, Decentralized/Federated, and Centralized), By End User, By Country and Growth Forecast, 2023 - 2030
The North America Health Information Exchange Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
The market refers to the segment of the healthcare industry focused on the electronic exchange of patient health data among healthcare providers, medical facilities, insurers, government agencies, and other authorized stakeholders. HIE facilitates the secure exchange and interoperable sharing of clinical data, medical records, laboratory results, medication histories, and other healthcare information across disparate health IT systems and organizational boundaries.
HIE tools are a beacon of innovation, connectivity, and transformative potential in the evolving healthcare landscape. At its core, the concept of this service embodies the fundamental principle of seamless communication and collaboration among healthcare stakeholders, from providers and payers to patients and policymakers. In light of the ongoing digital revolution in healthcare delivery and administration, the significance of HIE cannot be emphasized enough. The linchpin binds disparate systems, data sources, and care settings, enabling the secure and interoperable exchange of vital patient information in real time.
As the utilization of home care services continues to rise in Canada, there is a growing demand for interoperable HIE solutions that facilitate seamless data exchange and communication among healthcare providers, caregivers, and patients in home and community settings. According to Statistics Canada, in 2021, approximately 946,000 Canadians in the provinces used home care services, corresponding to 3.2% of the population. Compared to Canadians aged 18 to 34, the percentage of seniors (8.4%) who reported using home care services was nearly eight times greater. Moreover, the expanding healthcare sector in Mexico, driven by the changing requirements of the population, has generated a growing need for interoperable solutions. These solutions facilitate the smooth transmission and data interaction among healthcare providers, amenities, and systems. Therefore, factors like the high adoption of home care and expansion of healthcare sector in the region are propelling the growth of the market.
The US market dominated the North America Health Information Exchange Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $915 Million by 2030. The Canada market is experiencing a CAGR of 10.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.9% during (2023 - 2030).
Based on Setup Type, the market is segmented into Private, and Public. Based on Exchange Type, the market is segmented into Directed Exchange, Query-Based Exchange, and Consumer-Mediated Exchange. Based on Implementation Model, the market is segmented into Hybrid, Decentralized/Federated, and Centralized. Based on End User, the market is segmented into Healthcare Providers, Healthcare Payers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Change Healthcare, Inc. (Optum, Inc.) (UnitedHealth Group, Inc.)
- Chetu, Inc.
- Siemens AG
- Epic Systems Corporation
- Oracle Corporation
- Orion Health Group Limited
- Health Catalyst, Inc.
- Open Text Corporation
- Infor, Inc. (Koch Industries)
- InterSystems Corporation
By Setup Type
- Private
- Public
- Directed Exchange
- Query-Based Exchange
- Consumer-Mediated Exchange
- Hybrid
- Decentralized/Federated
- Centralized
- Healthcare Providers
- Healthcare Payers
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Health Information Exchange Market, by Setup Type
- 1.4.2 North America Health Information Exchange Market, by Exchange Type
- 1.4.3 North America Health Information Exchange Market, by Implementation Model
- 1.4.4 North America Health Information Exchange Market, by End User
- 1.4.5 North America Health Information Exchange Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Jan – 2023, Dec) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Health Information Exchange Market by Setup Type
- 5.1 North America Private Market by Region
- 5.2 North America Public Market by Region
- Chapter 6. North America Health Information Exchange Market by Exchange Type
- 6.1 North America Directed Exchange Market by Country
- 6.2 North America Query-Based Exchange Market by Country
- 6.3 North America Consumer-Mediated Exchange Market by Country
- Chapter 7. North America Health Information Exchange Market by Implementation Model
- 7.1 North America Hybrid Market by Country
- 7.2 North America Decentralized/Federated Market by Country
- 7.3 North America Centralized Market by Country
- Chapter 8. North America Health Information Exchange Market by End User
- 8.1 North America Healthcare Providers Market by Country
- 8.2 North America Healthcare Payers Market by Country
- 8.3 North America Others Market by Country
- Chapter 9. North America Health Information Exchange Market by Country
- 9.1 US Health Information Exchange Market
- 9.1.1 US Health Information Exchange Market by Setup Type
- 9.1.2 US Health Information Exchange Market by Exchange Type
- 9.1.3 US Health Information Exchange Market by Implementation Model
- 9.1.4 US Health Information Exchange Market by End User
- 9.2 Canada Health Information Exchange Market
- 9.2.1 Canada Health Information Exchange Market by Setup Type
- 9.2.2 Canada Health Information Exchange Market by Exchange Type
- 9.2.3 Canada Health Information Exchange Market by Implementation Model
- 9.2.4 Canada Health Information Exchange Market by End User
- 9.3 Mexico Health Information Exchange Market
- 9.3.1 Mexico Health Information Exchange Market by Setup Type
- 9.3.2 Mexico Health Information Exchange Market by Exchange Type
- 9.3.3 Mexico Health Information Exchange Market by Implementation Model
- 9.3.4 Mexico Health Information Exchange Market by End User
- 9.4 Rest of North America Health Information Exchange Market
- 9.4.1 Rest of North America Health Information Exchange Market by Setup Type
- 9.4.2 Rest of North America Health Information Exchange Market by Exchange Type
- 9.4.3 Rest of North America Health Information Exchange Market by Implementation Model
- 9.4.4 Rest of North America Health Information Exchange Market by End User
- Chapter 10. Company Profiles
- 10.1 Change Healthcare, Inc. (Optum, Inc.) (UnitedHealth Group, Inc.)
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental Analysis
- 10.1.4 Recent strategies and developments:
- 10.1.4.1 Partnerships, Collaborations, and Agreements:
- 10.1.4.2 Product Launches and Product Expansions:
- 10.2 Chetu, Inc.
- 10.2.1 Company Overview
- 10.3 Siemens AG
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 Epic Systems Corporation
- 10.4.1 Company Overview
- 10.4.2 Recent strategies and developments:
- 10.4.2.1 Partnerships, Collaborations, and Agreements:
- 10.4.3 SWOT Analysis
- 10.5 Oracle Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.6 SWOT Analysis
- 10.6 Orion Health Group Limited
- 10.6.1 Company Overview
- 10.6.2 Recent strategies and developments:
- 10.6.2.1 Partnerships, Collaborations, and Agreements:
- 10.6.2.2 Product Launches and Product Expansions:
- 10.7 Health Catalyst, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.5.2 Acquisition and Mergers:
- 10.7.6 SWOT Analysis
- 10.8 Open Text Corporation
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 Recent strategies and developments:
- 10.8.5.1 Acquisition and Mergers:
- 10.8.6 SWOT Analysis
- 10.9 Infor, Inc. (Koch Industries)
- 10.9.1 Company Overview
- 10.9.2 SWOT Analysis
- 10.10. InterSystems Corporation
- 10.10.1 Company Overview
- 10.10.2 Recent strategies and developments:
- 10.10.2.1 Partnerships, Collaborations, and Agreements:
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