The global health information exchange (HIE) market is expected to reach approximately $980 million by 2019, according to a new report from Research and Markets.
Increases in incentives by the federal government, improvement in patient care and safety, growing investments, rising demand for reduction in healthcare costs and an increasingly aging population are the major drivers of the market growth. Meanwhile, high implementation costs, interoperability issues and slow return on investments are restraining the market. The demand for cloud-based systems, mobile health applications and emerging economies in the Asia-Pacific region are offering opportunities for healthcare IT providers.
North America holds the largest share of the global HIE market as the major HIE companies are concentrated in the U.S. The Asian market is expected to grow at the highest CAGR during the forecast period.
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Editor
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.