Health Information Exchange Market Forecast to 2028 –
New York, June 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Health Information Exchange Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Set Up, Type, Implementation Model, Application, End User, deployment and geography “- https://www.reportlinker.com/p06099472/?utm_source=GNW
However, 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 the exchange of medical information about patients via electronic health records (EHRs). The systems can collect patient information as well as share the information with other healthcare professionals involved in patient care.
Governments, health authorities and market players actively support the adoption of EHR systems to streamline the process of health activities. In addition, the systems allow efficient data collection and exchange, enabling healthcare professionals to improve the quality of treatment.
In 2009, the United States Federal Government announced an allocation of US $ 27.0 billion as an incentive program for hospitals and healthcare providers to encourage adoption of the EHR / EMR. under the Health Information Technology for Economic and Clinical Health Act (HITECH). . In addition, additional funding allocations were announced to train and educate health information technology workers to implement EHRs in order to streamline the exchange of information on health care and health activities. record keeping.
In 2001, the Government of Canada launched a strategic initiative to modernize its ICT infrastructure in health care and promote the adoption of EHRs. According to data published on NCBI, in 2015, approximately 91.0% of Canadians had their data recorded on EHRs, and approximately 91,000 physicians used EHR systems for their daily work. In addition, according to a survey conducted by the Canadian Medical Association in 2017, approximately 85.0% of physicians in the country used EMR systems. In addition, according to estimates released by Canada Health Infoway in 2020, EHR data is available for approximately 93.8% of Canadians.
In 2002, England announced the launch of the National Plan for IT, a new initiative to improve the functionality of the existing health system. Additionally, in 2012, the government passed the Health and Social Care Act to use patient information for research purposes.
Such initiatives in the UK are expected to lead to the adoption of EHR systems in the country. In Germany, it is estimated that 90% of physicians in private practice use EHR systems from 2020.
Additionally, according to data released on NCBI in 2020, New Zealand’s EHR adoption rate has reached around 97%. In addition, the Indian government has launched the Transforming India mission to generate digital health records of all Indian citizens by 2022.
Such government initiatives are expected to lead to the adoption of EHR systems, which will ultimately propel the growth of the health information exchange market by 2028.
The health information exchange market is experiencing substantial growth amid the COVID-19 pandemic. A few factors such as the emphasis on using healthcare IT infrastructure for data transfer, ease of use and cost optimization are propelling the adoption of healthcare information exchange. health during the pandemic.
For example, during the pandemic, in March 2020, HealtHIE Nevada (United States) increased its exchange of patient data by 36% since the start of the COVID-19 pandemic. Due to increasing patient volumes, demand for EMR and EHR platforms to manage complex patient data has increased which ultimately accelerated market growth during the pandemic.
Based on the configuration, the health information exchange market is divided into private and public. In 2020, the private segment held a substantial market share.
Furthermore, the same segment is expected to register a higher CAGR during the forecast period.
By Type, the healthcare information exchange market is segmented into query, direct, and drug. In 2020, the direct-mediated segment held a substantial market share.
Additionally, the segment is expected to register the highest CAGR during the forecast period.
In terms of implementation model, the health information exchange market is segmented into centralized, decentralized and hybrid. In 2020, the hybrid segment held a substantial market share.
Moreover, the same segment is expected to register the highest CAGR during the forecast period.
On the basis of applications, the health information exchange market is segmented into workflow management, internal interfacing, web portal development, and other applications. In 2020, the web portal development segment held a substantial market share.
However, the internal interfacing segment is expected to register the highest CAGR during the forecast period.
By end user, the healthcare information exchange market is segmented into pharmacies, healthcare payers, and healthcare providers. In 2020, the healthcare provider segment held a substantial market share.
Furthermore, the same segment is expected to register the highest CAGR during the forecast period.
On the basis of the deployment, the healthcare information exchange market is divided into on-premise and cloud. In 2020, the on-premise segment held a substantial market share.
However, the cloud-based segment is expected to register a higher CAGR during the forecast period.
The World Health Organization (WHO), the Australian Digital Health Agency, the Centers for Medicare & Medicaid Services, the Food and Drug Administration (FDA), the National Coordinator of Health Information Technology and the Major primary and secondary sources mentioned are National Health Information Standard Committee. when preparing the Health Information Exchange Market report.
Read the full report: https://www.reportlinker.com/p06099472/?utm_source=GNW
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.