The size of the Health Information Exchange Market in Asia Pacific is projected to reach USD 259.53 million in 2022 and is estimated to grow at a CAGR of 10.44% to reach USD 426.41 million by 2027.
Decentralized treatments and the higher incidence of cardiac arrest will improve the health information exchange market in Asia-Pacific. The rise in the support from the government and non-government organizations through investments in healthcare is significantly influencing the demand of the market. In addition, rising expenditure on healthcare, especially in urban areas, is propelling the market's growth. Furthermore, the emergence of advanced technologies is surging the market's growth rate.
The factor that restricts the health information exchange market in APAC is the lack of specific technical support from the government in hospitals and clinics. In addition, data breaches in the exchange of health information can be dangerous because anyone can obtain and misuse the data, slowly limiting the market's growth rate. People in rural areas are less aware of these technologies, which is another factor impeding the market's demand.
This research report has been segmented and sub-segmented into the following categories:
By Implementation model:
By Setup Type:
APAC is the growing fastest-growing regional market in the worldwide market. China is leading the market in this region, and Japan is estimated to grow the fastest in the forecast period. China had the largest market share in the Asia Pacific in 2021. The Chinese government is taking the initiative to develop the healthcare information system. In China, the healthcare information system is one of the eight-building blocks of the healthcare system. The healthcare information exchange was implemented in shanghai. As a result, now China has 38 most prominent hospitals in 6 districts, 40 community centers, and a coverage of 39 million patients.
India has a great scope in the field of health information exchange market. For example, in eHealth project has collected over 2.58 crore people’s health records in Kerala. The NDHB (national digital health blueprint) proposed a plan in 2019 to develop the infrastructure required for healthcare data storage. This elevates the demand for the healthcare information exchange market in India.
In Japan, healthcare information exchange is at an early stage. However, the rise in the number of patients suffering from various health disorders and the increasing usage of HER in hospitals greatly influence the market to grow.
KEY MARKET PLAYERS:
A few of the companies playing a promising role in the APAC health information exchange market are Aetna Medcity, eClinical Works, RelayHealth, Medecision, Epic Corporation Inc., Cerner Corporation, RelayHealth Corporation, Infor Inc., Intersystems, Optum Inc., Alere Wellogic, NextGen Healthcare Information Systems, LLC, Covisint Corporation, Allscripts Healthcare Solutions Inc., and Orion Health.
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