Health Information Exchange Market Size

Health Information Exchange Market size is poised to reach USD 20 billion by the end of 2035, witnessing around 8% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of health information exchange was over USD 10 billion. The primary goal of HIEs is to improve the accessibility, efficiency, and quality of healthcare by enabling the seamless exchange of patient information across various healthcare providers. This interoperability allows healthcare professionals to access comprehensive and up-to-date patient records, leading to better-informed clinical decisions, reduced medical errors, and enhanced care coordination, which in turn is responsible for market growth.

Governments worldwide have been promoting the adoption of HIEs to enhance healthcare delivery, patient safety, and population health management. They provide financial incentives, regulations, and standards to encourage healthcare organizations to implement HIE systems. The increasing costs associated with healthcare delivery have prompted the need for efficient information exchange to avoid redundant tests, improve care coordination, and reduce healthcare expenses.