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Asia-Pacific Healthcare Information Exchange Market is poised to reach $323.67 million by 2021
September 8, 2017 News analytics big data Healthcare

 

The Asia Pacific Healthcare Information Exchange Market was worth $197 million in 2016 and estimated to be growing at a CAGR of 10.44%, to reach $323.67 million by 2021. Driven mainly by government’s support, the Asia-Pacific region is embarking on the next phase of healthcare IT transformation.

By optimizing electronic medical data stored in different repositories, HIE can decrease costs and develop care efficiency. As such, local and international vendors offering robust HIE platforms leveraging big data technologies for population health management will be poised for success.

The next generation of healthcare delivery in Asia-Pacific is anticipated to be an illustration for innovative government initiated health information exchange (HIE). Even though undeveloped at present, HIE in the region will see exponential growth due to the strong attention from governments that look for to partner with private providers to make comprehensive and relevant platforms. However, poor interoperability, insufficient budgets, and other factors have hampered widespread adoption of HIE in this region.

Based on geography the market is analysed under various countries namely, China, India, Japan, South Korea and Australia. China is leading the market and Japan is estimated to grow fastest in the forecast period.

This article was originally published on www.medgadget.com and can be viewed in full

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