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Nov 13, 2020 (Market Insight Reports) —
United States Healthcare Information Exchange Market – Growth, Trends, And Forecast (2020 – 2025)
United States Healthcare Information Exchange market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
Competitive Landscape
The United States healthcare information exchange market is fairly competitive and consists of several major players. Due to high adoption rates of new technology and wide availability of reimbursement, which necessitates the use of information exchange systems, the United States is at the forefront of healthcare information exchange implementation. Thus, nearly all the global players are operating in the country. Companies, like Cerner Corporation, Allscripts Healthcare Solutions, Mckesson Corporation, Eclinical Works, and Epic Corporation Inc., hold a substantial market share in the market.
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Scope of the Report
Health information exchange allows doctors, pharmacists, nurses, healthcare providers, and patients to access and securely share the patients medical information, electronically, thus improving the quality, safety, speed, and cost of patient care. Healthcare information exchange (HIE) is an important part of health information technology (HIT). According to the National Coordinator for Health Information Technology, electronic availability of patient health information from outside sources increased by 10{b5d304c96e94113bdfc523ff4218a1efff4746200bdb9eeb3214a56a1302f2e4} in 2018, resulting in more than half of hospitals having EHR information available at point of care. Owing to the increase in government initiatives and high engagement of a private setup in HIE, the market is expected to witness exponential growth.
Key Market Trends
The Decentralized/Federated Model is Expected to Hold the Largest Market Share
The decentralized/federated model segment holds the largest market share, and is expected to retain its share during the forecast period. In a federated HIE, there is no master database. In this model, each healthcare provider is responsible for maintaining the records of their individual patients. In this model, the main function of HIE is to facilitate the providers in exchanging patient records among themselves, when the need arises. The salient distinction of a federated model is that there is no central database from which a previously compiled, comprehensive medical record is stored and can be downloaded. The advantages, such as low conflicts related to data ownership and compartmentalization of data, which makes it less vulnerable to data thefts, along with lower implementation costs when compared to other models, are leading to its high adoption rates.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: United States Healthcare Information Exchange Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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