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NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET FORECAST 2022-2030

The North America data exchange in healthcare market growth is anticipated to progress at a CAGR of 24.59% during the forecast period, 2022-2030, and is expected to garner a revenue of $4186.08 million by 2030.

NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET FORECAST 2022-2030

North America Data Exchange in Healthcare Market by Setup (Public, Private) Market by Type (Biotech, Pharma, Provider, Payer, Other Types) Market by Implementation Model (Hybrid, Centralized, Decentralized) Market by Deployment (On-Premise, Cloud-based) By Geography

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The North America data exchange in healthcare market growth is anticipated to progress at a CAGR of 24.59% during the forecast period, 2022-2030, and is expected to garner a revenue of $4186.08 million by 2030.

The data exchange in healthcare market growth in North America is attributed to the booming healthcare sector in the United States. Also, the government initiatives like the Electronic Health Records (EHRs) and the growth in health-related applications like mHealth are projected to raise market demands.

North America Data Exchange In Healthcare Market

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In addition, the increasing demand for software processes by companies like Amazon Web Services, Siemens Healthineers, and Definitive Healthcare offers growth opportunities. However, the North America data exchange in healthcare market growth is hindered by healthcare data breach risks.

The North America data exchange in healthcare market growth evaluation includes the analysis of the United States and Canada. The United States is the largest market for healthcare information exchange in North America. This is accredited to the rising adoption of EHR/EMR systems, federal government support for digital tools implementation in healthcare, and the increasing prevalence of chronic diseases. Also, the growing emphasis on consolidation and cost optimization of healthcare IT infrastructure offers growth opportunities. In addition, the country is home to the world’s leading multinational corporations like Johnson & Johnson, NVIDIA, Google, Intel, Microsoft, etc., and encompasses innovative treatments.

Furthermore, the government pushes for the incorporation of smart healthcare tools. For instance, the government will pay healthcare providers to adopt AI algorithms that diagnose eye disease in diabetic and complications in stroke patients. Also, the US Centers for Medicare & Medicaid Services (CMS) announced that it would pay for two AI systems, IDx-DR and ContaCT. Additionally, healthcare institutions are prioritizing the adoption of advanced healthcare information systems to enhance functionality levels. Moreover, continual development in IT provides better options for healthcare professionals to analyze and exchange patient data. Such factors boost the market growth in the United States.

The North America data exchange in healthcare market segmentation includes deployment, implementation model, type, and setup. The setup segment includes private and public.

With regard to public models, health information organizations (HIO) allow secure and integrated sharing of public health queries identified as requiring investigation through other means like laboratory reports and contact tracing. Accordingly, public health owns full patient identifiers used to query the HIO and access clinical data required for public health investigation.

Furthermore, the need for data exchange to transform the healthcare system has resulted in the exponential growth of a number of data exchange initiatives. Also, private data exchanges have become a viable alternative to public model exchanges over the last several years. In addition, private exchanges are concentrated in a single community, and unlike most public data exchanges, do not rely on public funding and are financed by private healthcare organizations. Besides, the associated benefits of private models, like fewer governance issues and high workflow efficiency, are estimated to raise their adoption rates.

Some of the prominent firms operating in the North America data exchange in healthcare market include Datavant, HealthVerity, H1 Inc, Definitive Healthcare Corp, etc.

Datavant creates platforms for preserving, matching, and sharing health information. The company’s platform organizes healthcare data to use in clinical trial decision-making. Also, it focuses on using artificial intelligence to enhance the clinical trial interpretation, design, and process of clinical trials. It is headquartered in San Francisco, California, the United States.

One of its key products, Datavant Switchboard, helps to connect health data and aids in maintaining control and privacy compliance.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Setup, Type, Implementation Model, Deployment
Countries Analyzed The United States, Canada
Companies Analyzed

Amazon Web Services Inc (AWS), BurstIQ LLC, Cloudera Inc, CloudTag Inc, Cloudticity, Medicalchain SA, Optum Inc, Siemens Healthineers, Snowflake Inc, McKesson Corporation, Datavant, Definitive Healthcare, HealthVerity, H1 Inc, Longenesis

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • BENEFITS OF DATA SHARING AND MONETIZATION
        • EMERGENCE OF DATA-DRIVEN SOCIAL PARTNERSHIPS
        • INCREASING DIGITIZATION OF HEALTHCARE DATA
      • KEY RESTRAINTS
        • NON-STANDARD AND STRICT DATA PROTECTION LAWS & REGULATIONS
        • SECURITY CONCERNS RELATED TO SENSITIVE MEDICAL DATA
        • LACK OF SKILLED AND EXPERT STAFF
        • INADEQUATE INFRASTRUCTURE TO SUPPORT DATA SHARING
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON THE DATA EXCHANGE IN HEALTHCARE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • REGULATORY FRAMEWORK
    2. MARKET BY SETUP
      • PUBLIC
      • PRIVATE
    3. MARKET BY TYPE
      • BIOTECH
      • PHARMA
      • PROVIDER
      • PAYER
      • OTHER TYPES
    4. MARKET BY IMPLEMENTATION MODEL
      • HYBRID
      • CENTRALIZED
      • DECENTRALIZED
    5. MARKET BY DEPLOYMENT
      • ON-PREMISE
      • CLOUD-BASED
    6. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • INVESTMENTS & EXPANSIONS
      • COMPANY PROFILES
        • AMAZON WEB SERVICES INC (AWS)
        • BURSTIQ LLC
        • CLOUDERA INC
        • CLOUDTAG INC
        • CLOUDTICITY
        • DATAVANT
        • DEFINITIVE HEALTHCARE CORP
        • H1 INC
        • HEALTHVERITY
        • LONGENESIS
        • MCKESSON CORPORATION
        • MEDICALCHAIN SA
        • OPTUM INC
        • SIEMENS HEALTHINEERS
        • SNOWFLAKE INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – DATA EXCHANGE IN HEALTHCARE

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY SETUP, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY SETUP, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY IMPLEMENTATION MODEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY IMPLEMENTATION MODEL, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY DEPLOYMENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 13: KEY PLAYERS IN NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET

    TABLE 14: LIST OF MERGERS & ACQUISITIONS

    TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 17: LIST OF INVESTMENTS & EXPANSIONS   

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY SETUP, IN 2021

    FIGURE 6: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY PUBLIC, 2022-2030 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY PRIVATE, 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 9: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY BIOTECH, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY PHARMA, 2022-2030 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY PROVIDER, 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY PAYER, 2022-2030 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY OTHER TYPES, 2022-2030 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY IMPLEMENTATION MODEL, IN 2021

    FIGURE 15: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY HYBRID, 2022-2030 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY CENTRALIZED, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY DECENTRALIZED, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2021

    FIGURE 19: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY ON-PREMISE, 2022-2030 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, BY CLOUD-BASED, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA DATA EXCHANGE IN HEALTHCARE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 22: UNITED STATES DATA EXCHANGE IN HEALTHCARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 23: CANADA DATA EXCHANGE IN HEALTHCARE MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY SETUP
      • PUBLIC
      • PRIVATE
    2. MARKET BY TYPE
      • BIOTECH
      • PHARMA
      • PROVIDER
      • PAYER
      • OTHER TYPES
    3. MARKET BY IMPLEMENTATION MODEL
      • HYBRID
      • CENTRALIZED
      • DECENTRALIZED
    4. MARKET BY DEPLOYMENT
      • ON-PREMISE
      • CLOUD-BASED

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