North America Health Information Exchange Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Set Up (Public, and Private), Type (Query Based, Direct Mediated, and Consumer Mediated), Implementation Model (Centralized, Decentralized, and Hybrid), Application (Workflow Management, Internal Interfacing, Web Portal Development, and Other Applications), End User (Pharmacies, Healthcare Payers, and Healthcare Providers), and Deployment (On-Premise and Cloud Based)
Market Introduction
The Health Information Exchanges (HIEs) are crucial for connecting communities and ensuring patient health records are always available. Healthcare information exchange is an integral and significant element of health information technology (HIT) infrastructure. Healthcare information exchange refers to the deployment of healthcare information electronically.
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Market Overview and Dynamics
The North America health information exchange market is expected to reach US$ 1,439.25 million by 2028 from US$ 665.03 million in 2021; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028. The growth of the market is attributed to some key driving factors such as government support for adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization across North America. However, the data security and privacy concerns are hampering the growth of the market.
The rapid growth of health information technology has led to the increase in exchange of patient medical information through electronic health records (EHRs). The systems can collect patient information as well as share the information with other healthcare professionals involved in the patient's care. The governments, healthcare authorities, and market players are actively supporting the adoption of EHR systems to streamline the process of healthcare activities. Moreover, the systems enable efficient data gathering and exchange, allowing healthcare professionals to enhance the quality of the treatment. According to a data published on NCBI, in 2015, around 91.0% of the Canadians had their data registered on EHRs, and an estimated 91,000 physicians were using EHR systems for day-to-day work. Moreover, according to a survey conducted by Canadian Medical Association in 2017, around 85.0% of the physicians in the country were using EMR systems. Such government initiatives are expected to drive the adoption of EHR systems, which will eventually propel the growth of the health information exchange market by 2028. Also, growing emphasis of healthcare cost optimization by the implementation of certain strategies, such as adoption of cloud-based solutions and cutting of hidden fees can provide substantial cost benefits. Such advantages offered by health information exchange are likely to accelerate the growth of health information exchange market during the forecast period.
The North America is adversely affected due to the exponential increase of COVID-19 cases in the region. Due to the increasing patient volumes, the demand for EMR and EHR platforms to handle complex patient data has grown. As a result, hospitals are progressively focusing on building their capabilities by integrating various hospital systems with EHRs. Players operating in this market have also integrated their EHR platforms with telehealth solutions and upgraded their software solutions to help healthcare providers manage COVID-19 patients effectively. Similarly, in Canada, several government agencies are working towards the management of COVID using HIE and EHR platforms with telehealth solutions and upgraded their software solutions. Hence it has positively impacted the market growth.
Key Market Segments
Based on the set up, the North America health information exchange market was segmented into public and private. In 2020, the private segment held the largest share of the market and is expected to grow at the fastest rate during the coming years.
The North America health information exchange market, by type, is segmented into query-based, direct mediated, and consumer mediated. The direct mediated segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.
The North America health information exchange market, by implementation model, is segmented into hybrid, centralized, and decentralized. The hybrid segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.
The North America health information exchange market, by application, is segmented into internal interfacing, web portal development, workflow management and other applications. The web portal development segment held the largest share of the market in 2020, whereas the internal interfacing segment is anticipated to register the highest CAGR in the market during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the North America health information exchange market are the Centers for Medicare & Medicaid Services (CMS), United Services Automobile Association (USAA) and Pharmaceutical Research and Manufacturers of America (PhRMA).
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NORTH AMERICA HEALTH INFORMATION EXCHANGE MARKET SEGMENTATION
By Set Up
- Private
- Public
By Type
- Direct Mediated
- Query-based
- Consumer Mediated
By Implementation Model
- Hybrid
- Centralized
- Decentralized
By Application
- Web Portal Development
- Internal Interfacing
- Workflow Management
- Other Applications
By End User
- Healthcare Providers
- Healthcare Payers
- Pharmacies
By Deployment
- On-Premise
- Cloud Based
By Country
- US
- Canada
- Mexico
Company Profiles
- Health Catalyst, Inc.
- Nextgen Healthcare Information System, LLC
- McKesson Corporation
- Optum, Inc.
- Oracle Corporation
- eClinicalWorks
- Allscripts Healthcare, LLC
- General Electric Company
- Cerner Corporation
- Orion Health group of companies
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Health Information Exchange Market – By Set Up
1.3.2 North America Health Information Exchange Market – By Type
1.3.3 North America Health Information Exchange Market – By Implementation Model
1.3.4 North America Health Information Exchange Market – By Application
1.3.5 North America Health Information Exchange Market – By End User
1.3.6 North America Health Information Exchange Market – By Deployment
1.3.7 North America Health Information Exchange Market – By Country
2. Health Information Exchange Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Health Information Exchange Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Health Information Exchange Market in North America: PEST Analysis
4.3 Expert Opinions
5. Health Information Exchange Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Support for Adoption of EMR/EHR Systems
5.1.2 Growing Emphasis on Healthcare Cost Optimization
5.2 Market Restraints
5.2.1 Data Security and Privacy Concerns
5.3 Future Trends
5.3.1 Next Generation HIE with the Help of Artificial Intelligence and Voice Recognition
5.4 Impact Analysis
6. Health Information Exchange Market – North America Analysis
6.1 North America Health Information Exchange Market Revenue Forecast and Analysis
7. Health Information Exchange Market Analysis – By Set Up
7.1 Overview
7.2 Health Information Exchange Market, by Set Up 2020 & 2028 (%)
7.3 Public
7.3.1 Overview
7.3.2 Public: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Private
7.4.1 Overview
7.4.2 Private: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
8. Health Information Exchange Market Analysis – By Type
8.1 Overview
8.2 Health Information Exchange Market Revenue Share, by Type (2020 and 2028)
8.3 Query-Based
8.3.1 Overview
8.3.2 Query-Based: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Direct Mediated
8.4.1 Overview
8.4.2 Direct Mediated: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Consumer Mediated
8.5.1 Overview
8.5.2 Consumer Mediated: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
9. Health Information Exchange Market Analysis – By Implementation Model
9.1 Overview
9.2 Health Information Exchange Market Revenue Share, by Implementation Model (2020 and 2028)
9.3 Centralized
9.3.1 Overview
9.3.2 Centralized: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Decentralized
9.4.1 Overview
9.4.2 Decentralized: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Hybrid
9.5.1 Overview
9.5.2 Hybrid: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
10. Health Information Exchange Market Analysis – By Application
10.1 Overview
10.2 Health Information Exchange Market Revenue Share, by Application (2020 and 2028)
10.3 Workflow Management
10.3.1 Overview
10.3.2 Workflow Management: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Internal Interfacing
10.4.1 Overview
10.4.2 Internal Interfacing: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Web Portal Development
10.5.1 Overview
10.5.2 Web Portal Development: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Other Application
10.6.1 Overview
10.6.2 Other Application: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
11. Health Information Exchange Analysis – By End User
11.1 Overview
11.2 Health Information Exchange Share, by End User, 2020 and 2028, (%)
11.3 Healthcare Providers
11.3.1 Overview
11.3.2 Healthcare Providers: Health Information Exchange – Revenue and Forecast to 2028 (US$ Million)
11.4 Healthcare Payers
11.4.1 Overview
11.4.2 Healthcare Payers: Health Information Exchange – Revenue and Forecast to 2028 (US$ Million)
11.5 Pharmacies
11.5.1 Overview
11.5.2 Pharmacies: Health Information Exchange – Revenue and Forecast to 2028 (US$ Million)
12. Health Information Exchange Market Analysis – By Deployment
12.1 Overview
12.2 Health Information Exchange Market Revenue Share, by Deployment (2020 and 2028)
12.3 On-Premise
12.3.1 Overview
12.3.2 On-Premise: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
12.4 Cloud Based
12.4.1 Overview
12.4.2 Cloud Based: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
13. Health Information Exchange Market – North America Analysis
13.1 North America: Health Information Exchange Market
13.1.1 Overview
13.1.2 North America: Health Information Exchange Market, by Country, 2020 & 2028 (%)
13.1.2.1 US: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
13.1.2.1.1 US: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
13.1.2.1.2 US: Health Information Exchange Market, by Set up, 2019–2028 (USD Million)
13.1.2.1.3 US: Health Information Exchange Market, by Type, 2019–2028 (USD Million)
13.1.2.1.4 US: Health Information Exchange Market, by Implementation Model, 2019–2028 (USD Million)
13.1.2.1.5 US: Health Information Exchange Market, by Application, 2019–2028 (USD Million)
13.1.2.1.6 US: Health Information Exchange Market, by End User, 2019–2028 (USD Million)
13.1.2.1.7 US: Health Information Exchange Market, by Deployment, 2019–2028 (USD Million)
13.1.2.2 Canada: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
13.1.2.2.1 Canada: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
13.1.2.2.2 Canada: Health Information Exchange Market, by Set up, 2019–2028 (USD Million)
13.1.2.2.3 Canada: Health Information Exchange Market, by Type, 2019–2028 (USD Million)
13.1.2.2.4 Canada: Health Information Exchange Market, by Implementation Model, 2019–2028 (USD Million)
13.1.2.2.5 Canada: Health Information Exchange Market, by Application, 2019–2028 (USD Million)
13.1.2.2.6 Canada: Health Information Exchange Market, by End User, 2019–2028 (USD Million)
13.1.2.2.7 Canada: Health Information Exchange Market, by Deployment, 2019–2028 (USD Million)
13.1.2.3 Mexico: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
13.1.2.3.1 Mexico: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
13.1.2.3.2 Mexico: Health Information Exchange Market, by Set up, 2019–2028 (USD Million)
13.1.2.3.3 Mexico: Health Information Exchange Market, by Type, 2019–2028 (USD Million)
13.1.2.3.4 Mexico: Health Information Exchange Market, by Implementation Model, 2019–2028 (USD Million)
13.1.2.3.5 Mexico: Health Information Exchange Market, by Application, 2019–2028 (USD Million)
13.1.2.3.6 Mexico: Health Information Exchange Market, by End User, 2019–2028 (USD Million)
13.1.2.3.7 Mexico: Health Information Exchange Market, by Deployment, 2019–2028 (USD Million)
14. Impact Of COVID-19 Pandemic on North America Health Information Exchange Market
14.1 North America: Impact Assessment of COVID-19 Pandemic
15. Health Information Exchange Market– Industry Landscape
15.1 Overview
15.2 Organic Developments
15.2.1 Overview
15.3 Inorganic Developments
15.3.1 Overview
16. Company Profiles
16.1 Health Catalyst, Inc.
16.1.1 Key Facts
16.1.2 Business Description
16.1.3 Products and Services
16.1.4 Financial Overview
16.1.5 SWOT Analysis
16.1.6 Key Developments
16.2 Nextgen Healthcare Information System, LLC
16.2.1 Key Facts
16.2.2 Business Description
16.2.3 Products and Services
16.2.4 Financial Overview
16.2.5 SWOT Analysis
16.2.6 Key Developments
16.3 McKesson Corporation
16.3.1 Key Facts
16.3.2 Business Description
16.3.3 Products and Services
16.3.4 Financial Overview
16.3.5 SWOT Analysis
16.3.6 Key Developments
16.4 Optum, Inc.
16.4.1 Key Facts
16.4.2 Business Description
16.4.3 Products and Services
16.4.4 Financial Overview
16.4.5 SWOT Analysis
16.4.6 Key Developments
16.5 Oracle Corporation
16.5.1 Key Facts
16.5.2 Business Description
16.5.3 Products and Services
16.5.4 Financial Overview
16.5.5 SWOT Analysis
16.5.6 Key Developments
16.6 eClinicalWorks
16.6.1 Key Facts
16.6.2 Business Description
16.6.3 Products and Services
16.6.4 Financial Overview
16.6.5 SWOT Analysis
16.6.6 Key Developments
16.7 Allscripts Healthcare, LLC
16.7.1 Key Facts
16.7.2 Business Description
16.7.3 Products and Services
16.7.4 Financial Overview
16.7.5 SWOT Analysis
16.7.6 Key Developments
16.8 General Electric Company
16.8.1 Key Facts
16.8.2 Business Description
16.8.3 Products and Services
16.8.4 Financial Overview
16.8.5 SWOT Analysis
16.8.6 Key Developments
16.9 Cerner Corporation
16.9.1 Key Facts
16.9.2 Business Description
16.9.3 Products and Services
16.9.4 Financial Overview
16.9.5 SWOT Analysis
16.9.6 Key Developments
16.10 Orion Health group of companies
16.10.1 Key Facts
16.10.2 Business Description
16.10.3 Products and Services
16.10.4 Financial Overview
16.10.5 SWOT Analysis
16.10.6 Key Developments
17. Appendix
17.1 About the Insight Partners
17.2 Glossary of Terms
LIST OF TABLES
Table 1. US Health Information Exchange Market, by Set Up – Revenue and Forecast to 2028 (USD Million)
Table 2. US Health Information Exchange Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. US Health Information Exchange Market, by Implementation Model – Revenue and Forecast to 2028 (USD Million)
Table 4. US Health Information Exchange Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. US Health Information Exchange Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. US Health Information Exchange Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Health Information Exchange Market, by Set Up – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Health Information Exchange Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Health Information Exchange Market, by Implementation Model – Revenue and Forecast to 2028 (USD Million)
Table 10. Canada Health Information Exchange Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Canada Health Information Exchange Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 12. Canada Health Information Exchange Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico Health Information Exchange Market, by Set Up – Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico Health Information Exchange Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Mexico Health Information Exchange Market, by Implementation Model – Revenue and Forecast to 2028 (USD Million)
Table 16. Mexico Health Information Exchange Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 17. Mexico Health Information Exchange Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 18. Mexico Health Information Exchange Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 19. Organic Developments Done by Companies
Table 20. Inorganic Developments Done by Companies
Table 1. Glossary of Terms, Electronic Health Record (EHR) Market
LIST OF FIGURES
Figure 1. Health Information Exchange Market Segmentation
Figure 2. Health Information Exchange Market Segmentation, By Country
Figure 3. North America Health Information Exchange Market Overview
Figure 4. Private by Set Up Segment Expected to Witness Rapid Growth
Figure 5. North America Health Information Exchange Market – Leading Country Markets (US$ Million)
Figure 6. Health Information Exchange Market in North America: PEST Analysis
Figure 7. Health Information Exchange Market Impact Analysis of Drivers and Restraints
Figure 8. North America Health Information Exchange Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Health Information Exchange Market, by Set Up 2020 & 2028 (%)
Figure 10. Public: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Private: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Health Information Exchange Market Revenue Share, by Type (2020 and 2028)
Figure 13. Query-Based: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Direct Mediated: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Consumer Mediated: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Health Information Exchange Market Revenue Share, by Implementation Model (2020 and 2028)
Figure 17. Centralized: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Decentralized: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Hybrid: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Health Information Exchange Market Revenue Share, by Application (2020 and 2028)
Figure 21. Workflow Management: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Internal Interfacing: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Web Portal Development: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Other Application: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Health Information Exchange Share, by End User, 2020 and 2028 (%)
Figure 26. Healthcare Providers Health Information Exchange – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Healthcare Payers: Health Information Exchange – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Pharmacies: Health Information Exchange – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Health Information Exchange Market Revenue Share, by Deployment (2020 and 2028)
Figure 30. On-Premise: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Cloud Based: Health Information Exchange Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Health Information Exchange Market, by Key Country – Revenue (2020) (USD Million)
Figure 33. North America: Health Information Exchange Market, by Country, 2020 & 2028 (%)
Figure 34. US: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Canada: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Mexico: Health Information Exchange Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Impact of COVID-19 Pandemic in North American Country Markets
- Health Catalyst, Inc.
- Nextgen Healthcare Information System, LLC
- McKesson Corporation
- Optum, Inc.
- Oracle Corporation
- eClinicalWorks
- Allscripts Healthcare, LLC
- General Electric Company
- Cerner Corporation
- Orion Health group of companies
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