The Global Healthcare EDI Market was valued at US$ 3 billion in 2019. Healthcare EDI is an automated transfer of data in a standardized and secure format between a care provider and a payer. Healthcare electronic data interchange allows both providers and payers to exchange information at a faster and lower cost. An increasing number of patients across the globe are generating a huge amount of data creating new opportunities for the healthcare EDI market.
Rise in pandemic cases and the data related to the patients need to be handled properly and securely. The management of data is done through the EDI solutions fueling the market growth of the healthcare EDI market. The healthcare payers use EDI for the evaluation of insurance claims before their payment settlement, prevention & detection of fraudulent claims to provide rapid services through collaborating with providers in order to gain a competitive advantage. Rising demand for mobile-based healthcare EDI solutions will drive the healthcare EDI market in the forecast timeline.
Increasing number of clinical trials and R&D activities across the healthcare industry is generating a massive amount of data supporting the growth of the healthcare EDI market. This has intensified the competition in the market and is expected to contribute towards the growth of the global Healthcare EDI market during the forecast period.
North America contributed a dominating share to the global Healthcare EDI market in terms of revenue in 2019 and is expected to be dominating geography throughout the forecast period. Rising demand for digitized solutions across the healthcare sector is supplementing the growth of healthcare EDI market. Increasing the prevalence of innovative IT solutions to manage medical records is propelling the healthcare EDI market.
Installation of advanced spectrum for strengthening the telecom infrastructure will support the mobile EDI solutions. Introduction of the 5G spectrum will enhance the connectivity speed allowing payers and service providers to exchange data in minimum time. These factors are supporting the adoption of healthcare EDI market across North America. Europe witness the second position in the deployment of healthcare EDI solutions. European countries such as Italy, Germany, UK, and France offer advanced healthcare infrastructure which includes digitization of medical records.
The market players design EDI solutions in compliance with the rules and regulations established by the European Union in terms of data privacy. Transformation in the healthcare sector across different regions is creating new possibilities driving the growth in the healthcare EDI market.
Healthcare EDI Market Share Analysis, by Geography (2022)
The report titled “Healthcare EDI Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Healthcare EDI market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Healthcare EDI market is segmented on the basis of component, transaction type, end user and geography. Based on component, the global Healthcare EDI market is segmented into solution and service. Based on delivery mode, the global Healthcare EDI market is segmented into web & cloud and mobile. Based on transaction type, the global Healthcare EDI market is segmented into claims management, remittance, payments, and healthcare supply chain. Based on end user, the global Healthcare EDI market is segmented into healthcare provider, payer and, pharmacies. Based on geography, the global Healthcare EDI market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Indonesia, Australia, South Korea, Taiwan, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on healthcare EDI. Further, market share of prominent companies in the global healthcare EDI market would also be estimated. For instance, BASF SE operates through six business segments namely Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the healthcare EDI companies. The global healthcare EDI market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Healthcare EDI business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global healthcare EDI market.
Major players active in the global healthcare EDI market include Dell Technologies Inc., GE Healthcare, Cognizant Technology Corporation, SSI Group, LLC, Cerner Corporation, Comarch SA, Allscripts Healthcare Solutions Inc., Optum Inc., McKesson Corporation, Axway Software SA, Quality Systems Inc., and Synnex Corporation.
Market Segmentation:
By Component:
By Transaction Type:
By End User:
By Geography :
The end-use segments in Healthcare EDI market are Healthcare provider, Payer and Pharmacies.
Major players operating in the global Healthcare EDI market include Dell Technologies Inc., GE Healthcare, Cognizant Technology Corporation, SSI Group, LLC, Cerner Corporation, Comarch SA, Allscripts Healthcare Solutions Inc., Optum Inc., McKesson Corporation, Axway Software SA, Quality Systems Inc., and Synnex Corporation.
The base year considered in Healthcare EDI market report is 2021.
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