Latin America HIE Market

Latin American HIE Market Size (2022 to 2027)

The Healthcare Information Exchange Market in Latin America is predicted to grow from USD 155.12 million in 2022 to USD 250.38 Million by 2027 and estimated to be growing at a CAGR of 10.05% during the forecast period.

The healthcare industry is undergoing a major conversion due to the challenge of offering more cost-effective personalized care. The drive towards expected outcomes and superior quality of care is leading to convergence of information technologies. Healthcare IT systems are rising as powerful tools to generate and maintain electronic health records (EHRs) for maintaining the workflows in the complete healthcare organization.

Majority of the demand for healthcare IT solutions is driven by the growing need to reduce healthcare costs while adhering to the regulatory requirements set by government organizations for ensuring safety, security, and confidentiality of patient information. The growing adoption of health information exchanges (HIEs) and EHR systems and improved quality of care and clinical outcomes are some other factors driving the growth of the Latin American Healthcare Information Exchange Market.

This research report has been segmented and sub-segmented into the following categories:

• By Type: Direct Exchange, Query Based Exchange and Consumer Mediated Exchange
• By Implementation Model: Centralized/consolidated models, Decentralized/Federated models and Hybrid Model
• By Setup Type: Private and Public
• By Application: Internal Interfacing, Secure messaging, Workflow management, Web portal Development and Patient safety
• By Component: Enterprise Master Person Index (EMPI), Healthcare Provider Directory (HPD), Record Locator Service (RLS) and Clinical Data Repository)
• By  Country: Mexico, Brazil, Argentina, Chile and Rest of Latin America

Regionally, Mexico is dominating the market and expected to continue its dominance over the forecast period.

According to Global Health Intelligence data, some trends are changing the Latin American healthcare information exchange market. The rapid adoption of electronic medical records, technological innovations, and telemedicine is certainly a major factor for the market to grow. Also, they have expected progress in sustainable healthcare services. In Brazil, the government is spending more on healthcare programs which will drive the growth of healthcare information exchange market in the future. As per the health providers in Latin America, ageing population, obesity, and lack of efficiency in adopting new technologies will be challenging for them. Healthcare information software is found to be very useful to keep the records of the increasing chronic and diabetic patients in coming years these factors will drive the growth in the future.

Mexico also set its mark. Increasing patients count is expected to drive the healthcare information exchange market. Also, people are taking advantages of these services provided by the hospitals and their physicians. Smaller markets like Peru, Guatemala, Chile and Costa Rica are expected to become important players in the Latin American healthcare information exchange market as well.

Notable companies operating in the LATAM Healthcare 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.