The Global Health Information Exchange (HIE) Market is projected to reach $3.24 billion by 2028, from a value of $1.42 billion in 2022, by registering a CAGR of 14.7% during the forecast period. The rising need for collection, storage, and secured exchange of large amounts of healthcare data, increased focus of government organizations on promoting the use of healthcare information technology and growing focus on patient-centric care delivery are the major factors propelling the growth of the market. However, the high cost of deployment is hampering the market growth. Moreover, improving healthcare infrastructure in emerging markets and, Data privacy concerns are creating ample opportunities across the globe.
Recent Developments
In October 2021, MEDITECH entered into an agreement with Steward Health Care, wherein the latter implemented MEDITECHs EHR system in 18 sites located across Arizona, Texas, Utah, Arkansas, and Louisiana. This decision was a part of Stewards One Platform strategy to bring all 35 hospitals under a single HER.
In October 2020, Health Catalyst entered into a multi-year strategic partnership with Middle East Healthcare Company. Under this partnership; six Saudi-German Hospitals in the Kingdom of Saudi Arabia (KSA) will have access to Health Catalysts DOS technology.
In July 2020, Change Healthcare Company launched its nationwide Clinical Data Retrieval Solution, a new cloud-based interoperability solution that makes it possible for payers to quickly and easily retrieve patient records from the electronic health record (EHR) systems.
In July 2019, Cerner Corporation collaborated with Amazon Web Services, Inc. Under this collaboration agreement; Cerner Corporation named AWS its preferred cloud provider. The agreement also focuses on accelerating Artificial Intelligence (AI), Machine Learning (ML), and other cutting-edge innovations in healthcare.
Competitive Landscape
CORHIO, ZorgNetOost, Western New York Clinical Information Exchange, Utah Health Information Network, The Health Collaborative, Santa Cruz HIE, San Diego Health Connect, Integrated Health Information Systems (IHiS), Health Level Seven (HL7) International, Health Catalyst, Great Lakes Health Connect, MEDITECH, General Electric Company, Epic Systems Corporation, eClinicalWorks, Cerner Corporation, Brown & Toland Medical Group, Allscripts Healthcare, LLC, Change Healthcare Company are some of the major players in the Global Health Information Exchange (HIE) Market.
