Health Information Exchange Market Size

Health Information Exchange Market size was over USD 11.66 billion in 2024 and is anticipated to exceed USD 30.82 billion by the end of 2037, growing at over 7.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of health information exchange is evaluated at USD 12.39 billion.

The primary goal of HIEs is to improve the accessibility, efficiency, and quality of healthcare by enabling the seamless exchange of patient information across various healthcare providers. This interoperability allows healthcare professionals to access comprehensive and up-to-date patient records, leading to better-informed clinical decisions, reduced medical errors, and enhanced care coordination, which in turn is responsible for market growth.

Governments worldwide have been promoting the adoption of HIEs to enhance healthcare delivery, patient safety, and population health management. They provide financial incentives, regulations, and standards to encourage healthcare organizations to implement HIE systems. The increasing costs associated with healthcare delivery have prompted the need for efficient information exchange to avoid redundant tests, improve care coordination, and reduce healthcare expenses.