(EMAILWIRE.COM, February 23, 2019 ) According to the new market research report "Health Information Exchange Market by Set Up Type (Public, Private), Type (Pull, Push), Implementation Model (Federated, Hybrid), Application (Web Portal, Secure Messaging), Solution Type (Portal, Platform Centric), & End Users - Global Forecast to 2020", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, opportunities, key players, competitive landscape, and geographical markets.

The health information exchange market is expected to reach USD 1,545.0 Million by 2020 from USD 990.6 Million in 2015, at a CAGR of 9.3%.

North America dominated the market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

By application, the market is segmented into web portal development, workflow management, secure messaging, internal interfacing, and others (personal health records and chronic disease management). The web portal development segment accounted for the largest share of the health information exchange market in 2015. However, the internal interfacing segment is expected to grow at the highest CAGR in the forecast period, owing to the rising need of streamlining workflow and reducing healthcare costs by eliminating medication errors.

On the basis of end users, the market is segmented into providers, payers, and pharmacies. The providers segment accounted for the largest share of the global health information exchange market in 2015. On the basis of region, the market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest share of the health information exchange market in 2015, followed by Europe and Asia-Pacific. The large share of the North American health information exchange market can primarily be attributed to the federal mandates in the U.S., rising number of accountable care organizations (ACOs) as end users for HIE platforms in the U.S., Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada. However, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.

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Allscripts Healthcare Solutions, Inc. (U.S.), RelayHealth Corporation (U.S.), Infor, Inc. (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Optum, Inc. (U.S.), Covisint Corporation (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand) are some of the key players in the global health information exchange market.

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