Health Information Exchange Industry Regional Synopsis
North America Market Forecast
The North America health information exchange market is poised to hold a leading revenue share of 45.4% during the forecast period, driven by the presence of a well-established healthcare industry that has embraced the shift to digitalization. The widespread adoption of EHR in North America has created a favorable ecosystem for the sector’s expansion. Supportive regulatory acts include the Affordable Care Act and the Twenty-First Century Cures Act, which have pushed for interoperable data exchange across healthcare systems in the region.
The U.S. health information exchange market is projected to maintain a leading position in North America by the end of 2037. A major driver of the U.S. market is the nationwide push for health information interoperability. Additionally, the large-scale digitization of patient data has favorably impacted the sector’s growth. In terms of the regulatory landscape, policies such as the HITECH Act have incentivized the adoption of EHRs and HIE solutions in the U.S. market. In a recent market movement, in 2024, CMS announced a new set of funding initiatives to bolster healthcare interoperability through the Medicare and Medicaid programs.
The Canada health information exchange market is poised to increase its revenue share during the forecast period, owing to the focus on nationwide EHR adoption. Additionally, the healthcare sector of Canada is supported by the government heavily, and the push to improve patient outcomes incentivizes the adoption of HIE solutions. In terms of recent adoption bolstering digital health adoption, the government funneled a USD 100 million investment in digital health technologies in 2024 as a part of the Canada Health Infoway project.
Asia Pacific Market Forecast
The APAC HIE market is rising at a CAGR of 14.2% during the forecast timeline from 2025 to 2037. The regional market’s robust expansion is impacted by an expanding middle class with rising disposable income, creating a greater demand for improved healthcare. This demand ties up with the rising opportunities in the APAC HIE sector. Additionally, multiple economies in APAC are gradually shifting from paper-based to digital health records to facilitate the seamless exchange of healthcare data across state and national lines. Within APAC, Thailand, India, and Singapore are major medical tourism destinations, leading to the sustained push to adopt HIE solutions.
The China HIE market is estimated to hold a dominant revenue share in the APAC market. A key factor is the push to usher digitalization across multiple sectors in the country, creating sustained opportunities for the proliferation of HIE solutions in the healthcare industry. The Healthy China 2030 plan is a key driver of the China market, as the government pushes for the improvement of national health information exchange networks.
The India HIE market is poised to expand its revenue share by the end of 2037. A major factor of the market's expansion in India is the country's emergence as a premier medical tourism destination. In 2023, the number of medical tourists arriving in India was estimated at over 1 million by the IBEF with trend indicating the number to increase exponentially by the end of this decade. This trend is positioned to benefit the domestic HIE market tremendously as the need for cross-border healthcare data sharing increase, while a sustained push by the private hospitals to ease sharing of data supports the sector's expansion.
