Global HIE Market To Reach $878M by 2018, Report Estimates

March 13, 2014 in News

The global health information exchange market is expected to reach $878 million by 2018, according to a report by MarketsandMarkets, FierceHealthIT reports.

Report Details

For the report, researchers examined the HIE technology sector by:

  • Applications;
  • Implementation model;
  • Set-up type; and
  • Vendor type (Hall, FierceHealthIT, 3/11).

Findings

The report found that the HIE market will increase from $558 million last year to $878 million in 2018.

According to the researchers, the private HIE market — which commanded the largest share of the HIE market — will grow by more than 10% annually because of:

  • Clear business models;
  • Increased adoption of HIE among providers; and
  • Rising investments in HIE by vendors (Walsh, Clinical Innovation Technology, 3/11).

In addition, the report forecasted growth in several other markets, including:

  • Interfacing internal applications; and
  • Web portal development (FierceHealthIT, 3/11).
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