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Premium Report Details
Base Year: 2023
Companies covered: 18
Tables & Figures: 376
Countries covered: 23
Pages: 145
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Health Information Exchange Market
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Health Information Exchange Market Size
The global health information exchange market size was valued at around USD 1.6 billion in 2023 and is expected to grow at a CAGR of 10.5% from 2024 to 2032. The gradual adoption and acceptance of electronic medical records (EMR) and electronic health records (EHR) have brought advancements to the health information exchange (HIE) market.
The adoption and implementation of these systems are benefiting the HIE platforms in processes such as increased interoperability, improved patient treatment, regulatory assistance, and better workflow productivity. EMRs and EHRs are designed to be interoperable, so that various healthcare systems can function and share information about patients optimally. This aspect of interoperability is crucial for HIE platforms that focus on the sharing of information between different healthcare constituents. For instance, in a report by the American Hospital Association in 2021, it was observed that 96% of hospitals in the U.S. had implemented certified EHR technology.
Health information exchange (HIE) is the electronic movement of clinical information within a region, community, or hospital system. It most often refers to systems that connect separate organizations. The objective of HIE is to make clinical information more accessible and accurate to make patient care safer, more timely, efficient, effective, equitable, and centered on the patient.