The Health Information Exchange Market to grow on a satisfactory note

Published On : 12/13/2021

 

The Health Information Exchange Market, in the next 10 years, is expected to substantiate. Hospital decision support solutions are being floated, and the status quo is expected to stay the same even going forward. Herein, value propositions are made to the society on the whole and patients in particular by the government, private insurance companies, and social security organizations working in unison. As such, the healthcare industry is expected to witness a good number of clinical outcomes in the forthcoming period.

Health information exchange infrastructure is being developed for data distribution and sharing between providers and also to support the sharing of the health information records systems across providers in various geographic regions of the country. Health information exchange will drive the sharing of the data amongst the providers and health systems via the Nationwide Health Information Exchange Network.

HIMSS is actively engaged in the development of Health information exchanges and HIMSS also provides a wide range of tools and statistical resources for interested professionals across the globe in Health information exchange. Health information exchange permits doctors, nurses, pharmacists, providers and patients to accurately and securely access and share any vital health information through Health information exchange with speed, safety, and quality.

Although Health information exchange is widespread available, a maximum number of medical information is stored on paper. Sharing of these medical information happens through fax or emails or by the patients themselves.

Health information exchange can’t substitute the patient-provider communication, but it can surely increase the completeness of the patient’s records which will have the patient’s history, present medications, and other health-related information. Timely sharing of important patient information can help in decision making in critical times.

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Patient information transfer through Health information exchange can avoid readmissions, medication errors will improve diagnoses and will even reduce duplicate testing. Like for example, if Lab results are obtained electronically through health information exchange and incorporated into a provider’s Electronic health records, a list of patients will directly be generated, the provider can schedule necessary follow-ups with the patients and arrange appointments regarding medication.

Health information exchange market has many driving factors at its end. Decentralized treatments and increasing incidences of cardiac arrests will enhance the health information exchange market.

Health information exchange market is increasing due to the usefulness during the emergency cases where the doctors need to know the patient’s history and medications to start new treatments for any new disease observed. Restraining factors of the Health information exchange market may be the data breaches.

Data breaches in the health information exchange can be dangerous as the data can be obtained by anybody and can be mis-utilized. Health information exchange market is not available at all hospitals and clinical laboratories across therefore it will not be available for all.

The main opportunity in the health information exchange market is that it can be integrated with different operating systems at the hospitals, labs, and clinics. Health information exchange systems can be integrated with revenue cycle management and core administration. Advanced technology can pose to be the threat to the health information exchange market.

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Health Information Exchange Market: Segmentation

On the basis of product type	Directed Health information Exchange Query-based Health information Exchange Consumer Mediated Health information Exchange
On the basis of end users	Pharmacies Health information exchange Provider Health information exchange Patient Health information exchange
On the basis of Set up	Private Health information exchange Public Health information exchange
On the basis of Implementation Model	Federated Health information exchange Centralized Health information exchange Hybrid Health information exchange
On the basis of Application	Workflow management Secure messaging Internal interfacing Web-portal development Others (PHR and CDM)
On the basis of Solution	Portal-centric Health information exchange Messaging-centric Health information exchange Platform-centric solutions Health information exchange
On the basis of Region	North America Europe Asia Pacific Latin America Middle East & Africa

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North America has the largest market share of the health information exchange market, trailed by Europe and Asia Pacific. The Greater share of the health information exchange market in North America is attributed to the rising figures of accountable care organizations in US and Canada to increase the healthcare facilities. Furthermore, Asia Pacific health information exchange market is projected to grow at the highest growth rate.Allscripts Healthcare Solutions, Inc. (U.S.), Infor, Inc. (U.S.), Cerner Corporation (U.S.), NextGen Healthcare Information Systems, Covisint Corporation (U.S), RelayHealth Corporation (U.S.), Optum, Inc. (U.S.), Epic Corporation Inc. (U.S.), Orion Health (New Zealand) and eClinicalWorks (U.S.) are selected key players in the health information exchange market globally.

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The Hereditary Angioedema Market to throw its innovation-based weight around

The Hereditary Angioedema Market is expected to witness an escalation going forward. With health apps, biosensors, AI, VR, telehealth, robots, cloud computing, predictive analysis, and EHRs being rampantly used, there is nothing to hold the healthcare vertical from soaring high. The healthcare vertical, would, see its cash registers ringing on the count of digital IoT creeping in at a rapid pace.

The Hereditary Angioedema Association has expected a vital part in passing on new treatments in the global market. They have moreover tried to expand awareness regarding items and bolster benefits required by HAE patients require, this is depended upon to result in positive improvement in Hereditary Angioedema market.

Surging population, along with the adjustment in way of life, better reimbursement policies, and rising efforts from pharmaceutical makers and biotechnology organizations to think of new product and solutions to the market which is foreseen to boost the market income for Hereditary Angioedema in the coming years. Nevertheless, high costs of meds, poor diagnosis of ailments are some of the factors restraining the development of of the Hereditary Angioedema market during the conjecture time frame.

Lymphatic or blood flow, constant accumulation of liquids outside of the veins, brings about swelling of tissues in the feet, arms, intestinal tract, airway, or face. Hereditary Angioedema might be obtained or acquired; it is more common in youngsters.

Significant players in this portion are adopting a propelled strategy to developing common items just as to grow their potential incomes which will prompt increment in the global Hereditary Angioedema market through 2025. The expansion in mindfulness, improved administration, and better results are the components that fuel the Hereditary Angioedema market, which is estimated to have a fleeting development in to future.

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Significantly Europe and North America leads the global Hereditary Angioedema market pursued by Asia-Pacific. Lifestyle changes and consistent efforts for managing the healthcare administrations exhibits the height of the Hereditary Angioedema market.

Flow of blood or lymphatic fluid, continuous accumulation of fluids outside of the blood vessels, results in swelling of tissues in the arms, feet, intestinal tract, face, or airway. Stress or Minor trauma may also trigger an attack, Swelling in the airway can limit breathing and prompt to life-debilitating obstruction of the airway.

Around 33% of individuals with this condition faces non-itchy rash called erythema marginatum at the time of an attack. risk of passing the abnormal gene to offspring from affected parent is half (50%) for every pregnancy regardless of the sex of the subsequent child.

Hereditary angioedema (HAE) is inherited as an autosomal dominant trait, because of a malfunction or lack of C1 esterase inhibitor. Hereditary angioedema (HAE) classified into three types:  gene While Type III HAE is due to the mutation in F12 gene. According to NIH Organization, Hereditary angioedema is evaluated to affect 1 in 50,000 individuals. Type I is major, representing 85% of cases followed by Type II which occurs in 15% of cases, and Type III is extremely rare. This is expected to reflect positive growth in the global Hereditary Angioedema market.

The Hereditary Angioedema Association has assumed a pivotal part in conveying new therapies to the market. They have additionally attempted to increase awareness about products and support services that HAE patients require, this is relied upon to reflect positive development in Hereditary Angioedema market.

Increase in a population with the change in lifestyle, Improvement in reimbursement infrastructures and Increase in efforts of pharmaceutical manufacturers and biotechnology companies to come up with new solutions and products to the market which expected to fuel the market revenue for Hereditary Angioedema over the forecast period. However, high expenses of medicines, misdiagnosis of the disorder are few of the factors that can restrain the growth of the Hereditary Angioedema market during the forecast period.

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Hereditary Angioedema Market: Segmentation

based on the type	Type I HAE Type II HAE Type III HAE
based on the type of drugs used for the treatment	C1-inhibitors (administered through IV infusion) Ecallantide (administered through subcutaneous injection) Icatibant (administered through subcutaneous injection)
based on the end user	Hospitals clinics Research centers

Hereditary Angioedema may be acquired or inherited; it is predominant in children. Major players in this segment are taking an advanced approach to constructing prevalent products as well as to expand their potential revenues which will lead to increase in the global Hereditary Angioedema market through 2025.

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Shire plc Recognizes HAE Day(16 May) with Launch of Interactive Website Calling for Inspirational Wishes intends to raise awareness among the overall population, show support and ensure better care with a more accurate diagnosis for those who are challenged with this condition. The increase in awareness, improved management, and better outcomes are the factors that drive the Hereditary Angioedema market that is expected to have a meteoric growth over a forecast period.

A geographic condition regarding for Hereditary Angioedema market, it has been segmented into five broad regions: North America, Latin America, Europe, Asia-Pacific excluding Japan, and the Middle East & Africa. Majorly North America and Europe dominates the global Hereditary Angioedema market followed by Asia- Pacific. Chang in lifestyle and continuous efforts in the management of healthcare services demonstrates the elevation of the Hereditary Angioedema market.

Major market players of hereditary angioedema market constitute: BioCryst Pharmaceuticals, Inc, CSL Limited, Pharming Group NV, Salix Pharmaceuticals, Shire plc.

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