Market Insights:
Healthcare Electronic Data Interchange (EDI) Market size was valued at USD 4.2 Billion in 2021, registering a CAGR of 9.5% during the forecast period (2022-2030), and the market is projected to be worth USD 9.5 Billion by 2030.
Healthcare electronic data interchange (EDI) is a standardised method of data sharing that allows for the safe electronic exchange of data between healthcare organisations, care providers, patients, and others. It provides secure and high-performance data processing and healthcare claims processing.
Healthcare Electronic Data Interchange (EDI) Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Services, Solutions), By Delivery Mode (Web and Cloud-based EDI, EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI), By Transaction (Claims and encounters, Payment and Remittance Advance, Eligibility Inquiry and Response, Claim Attachments, Enrollments, Referral Certification and authorization), By End Use (Healthcare Payers, Healthcare Providers, Pharmaceutical & Medical Device Industries) and companies (Cerner Corporation; 1 EDI Source (Epicor Software Corporation); Effective Data; DataTrans Solutions, OSP; McKesson Corporation; NXGN Management, LLC; Optum, Inc.; SSI Group LLC; Cleo), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.5%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Healthcare Electronic Data Interchange (EDI) in the Healthcare IT industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Healthcare Electronic Data Interchange (EDI) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Healthcare Electronic Data Interchange (EDI) in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 9.5 Billion |
| CAGR (2022-2030) | 9.5% |
| By Component | Services, Solutions |
| By Delivery Mode | Web and Cloud-based EDI, EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI |
| By Transaction | Claims and encounters, Payment and Remittance Advance, Eligibility Inquiry and Response, Claim Attachments, Enrollments, Referral Certification and authorization |
| By End-Use | Healthcare Payers, Healthcare Providers, Pharmaceutical & Medical Device Industries |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Cerner Corporation; 1 EDI Source (Epicor Software Corporation); Effective Data; DataTrans Solutions, OSP; McKesson Corporation; NXGN Management, LLC; Optum, Inc.; SSI Group LLC; Cleo. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Healthcare Electronic Data Interchange (EDI) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Cerner Corporation; 1 EDI Source (Epicor Software Corporation); Effective Data; DataTrans Solutions, OSP; McKesson Corporation; NXGN Management, LLC; Optum, Inc.; SSI Group LLC; Cleo.
Market Segment Analysis:
By Component
- Services
- Solutions
By Delivery Mode
- Web and Cloud-based EDI
- EDI Value Added Network (VAN)
- Direct (Point-to-Point) EDI
- Mobile EDI
By Transaction
- Claims and encounters
- Payment and Remittance Advance
- Eligibility Inquiry and Response
- Claim Attachments
- Enrollments
- Referral Certification and authorization
By End-Use
- Healthcare Payers
- Healthcare Providers
- Pharmaceutical & Medical Device Industries
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Healthcare Electronic Data Interchange (EDI) industries in the region.
Key Healthcare Electronic Data Interchange (EDI) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Healthcare Electronic Data Interchange (EDI) Market segments.
– Largest Market Share Held by Industry to Industry for Healthcare Electronic Data Interchange (EDI)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Healthcare Electronic Data Interchange (EDI) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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