DUBLIN, IRELAND -- (Marketwired) -- Research and Markets (http://www.researchandmarkets.com/research/kqsdzh/health_insurance) has announced the addition of the "Global Health Insurance Exchange (HIX) IT Market Report 2014-2018: Type, Phase, Component & End User Analysis" report to their offering.
The global market is valued at an estimated $1,6 billion in 2013 and is expected to grow at a CAGR of 10.5% during the forecast period (2013-2018).
The Health Insurance Exchange (HIX) IT market includes the revenue generated by IT vendors mainly in terms of planning, designing, and implementing exchanges, system integrations, program management, operations, and maintenance. This report studies the health insurance exchange IT market by exchange type, phase, component, end user, and geography.
The global market is significantly dominated by the U.S. carrying a share of over 95%. The U.S. is expected to continue to lead this market during the forecast period.The European market currently has a miniscule market share, growing at a lower rate mainly due to economic crisis, cultural barriers to IT adoption, and lack of initiatives for implementing HIXs. Currently, Asia and the Rest of the World donot have a measurable stake in this market. However, increasing HCIT and HIE adoption, decent IT skills, and the increasingoutsourcing trend will generate revenue in terms of private exchanges in this market in the near future.
The market is driven by several factors such as federal health insurance mandates, federal funding, trend toward defined contribution model, and drive to reduce healthcare costs and make healthcare affordable, growing healthcare IT adoption, and the shift toward integrated environments. Growth is mainly driven by private exchanges and operational and maintenance activities for public exchanges.Cloud-based computing shows a great opportunity in the HIX market.
Scope of the Report
-- Public Exchange -- - State-based Exchange -- - Federally Facilitated Exchange (FFE) -- - State Partnership Model -- Private Exchange -- - Multi-carrier Exchange -- - Single-carrier Exchange
-- Pre-implementation Services -- Implementation/Exchange Infrastructure Delivery -- - System Development and Deployment -- - System Integration and Interfacing -- - System Software Components -- Program Management and Independent Verification and Validation (IV&V) /Quality Assurance (QA) -- Operations and Maintenance
-- Services -- Software -- Hardware
-- Government Agencies -- Third Party Administrators (TPAs), Brokerage Firms, and Consultancies -- Health Plans/Payers
-- Accenture Plc -- Cgi Group, Inc. -- Connecture Inc. -- Cognosante, Llc -- Deloitte -- Hcentive, Inc. -- Infosys -- Maximus -- Oracle Corporation -- Xerox Corporation
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