Federal mandates like Meaningful use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and need to curtail healthcare cost are some of the key factors driving the growth of market.
What the Market Looks Like?
[201 Pages Report] The health information exchange market is projected to reach USD 1,545.0 million by 2020 from USD 990.6 million in 2015, at a CAGR of 9.3% during the forecast period. The health information exchange market in Asia-Pacific is expected to grow at the fastest rate during the forecast period.
Health information exchange (HIE) involves the electronic movement of health-related information among organizations according to nationally recognized standards. HIE aims to facilitate the access and retrieval of clinical data to provide safer, timelier, efficient, effective, equitable, patient -centered care.
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What Drives the Market?
The growth of the Health Information Exchange Market is primarily influenced by the following factors:
- Strong Government Support and Initiatives
- Increased Measures to Improve Healthcare Quality and Care Coordination Likely to Trigger HIE Adoption
- Need to Curtail Healthcare Costs
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