Health Information Exchange (HIE) Market Size, Share, Growth Analysis, By Application(Web Portal Development, Internal Interfacing, and others), By Implementation module(Centralized, Decentralized, Hybrid), By Solution(Portal-centric, Platform-centric, Messaging-centric), By Region - Industry Forecast 2024-2031

Health Information Exchange (HIE) Market size was valued at USD 1.38 billion in 2022 and is poised to grow from USD 1.55 billion in 2023 to USD 3.90 billion by 2031, growing at a CAGR of 12.2% in the forecast period (2024-2031).

Health Information Exchange (HIE) is becoming popular since It has many benefits.The various applications of health information exchange includes providing vehicles for improving quality and safety of patient care by reducing medication and medical errors.

Increases efficiency by eliminating unnecessary paperworks,Provide caregivers with clinical decision support tools for more effective care and treatment,It eliminates redundant or unnecessary testing, improves public health reporting and monitoring.Moreover, it creates a potential look for feedback between health related research and actual practice, facilitates efficient deployment for emerging technology and healthcare services, provides the backbone of technical infrastructure for leverage by national and state level initiatives and It serves as a basic level of interoperability among electronic health records and maintained by individual physicians and organization and most importantly, reduces the health related costs.

US Health Information Exchange Market is poised to grow at a sustainable CAGR for the next forecast year.