Health Information Exchange (HIE) Market Growth CAGR of 9.6%

In 2024, the global health information exchange (HIE) market reached a value of US$ 2.3 billion. It is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2025 to 2034. By 2034, the market is expected to reach approximately US$ 5.8 billion. North America emerged as the leading region in 2024, contributing over 37.9% of the global revenue. The region generated around US$ 0.9 billion in revenue, supported by advanced healthcare infrastructure and strong regulatory frameworks promoting data exchange.

The HIE market is segmented by exchange type into directed exchange, consumer-mediated exchange, and query-based exchange. Among these, directed exchange dominated the segment in 2023, accounting for a 47.6% market share. Directed exchange enables the secure transfer of clinical information among healthcare providers. It supports coordination of care, particularly during referrals or care transitions. The strong adoption of electronic health records (EHRs) and regulatory initiatives further boost the use of directed exchange across healthcare systems.

In terms of setup type, the market is classified into private HIE and public HIE. Private HIE held a major share of 58.3% in 2023, driven by the need for customized solutions and better data control. Private exchanges are often adopted by healthcare networks to manage internal data flow securely and efficiently. This model allows for improved integration with hospital systems, better security protocols, and flexibility in implementation. It is especially preferred in regions with high digital maturity and private healthcare investment.

The application segment of the HIE market includes internal interfacing, workflow management, web portal development, secure messaging, patient safety, and others. Web portal development led this segment in 2023 with a 36.2% share. These portals enhance patient engagement and accessibility of health records. By implementation model, the hybrid model dominated, holding a 52.8% share. Hybrid models combine centralized and decentralized systems, offering both flexibility and scalability. This model is increasingly used to meet the diverse needs of healthcare organizations while maintaining data interoperability.

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