
Healthcare Electronic Data Interchange Market Size, Share, By Component [Software, Hardware, Services (Claims Management and Healthcare Supply Chain)], By Delivery Mode (Web and Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By End
Description
Healthcare Electronic Data Interchange Market Size, Share, By Component [Software, Hardware, Services (Claims Management and Healthcare Supply Chain)], By Delivery Mode (Web and Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By End User (Healthcare Providers, and Healthcare Payers) and By Region - Trends, Analysis and Forecast till 2034
Healthcare electronic data interchange market size was valued at USD 4.28 Billion in 2024 and is expected to reach USD 10.6 Billion by 2034 growing at a CAGR of 10.5%.
Growing government support for various healthcare facilities coupled, with rising patient pool especially in developed economies are key factors driving growth of the global healthcare electronic data interchange market. In addition, pharmaceutical companies are growing adoption and benefits of EDI software such as cost savings, faster processing, standardization, improved productivity, and funding policies. These factors are expected to fuel growth of the global market over the forecast period.
Moreover, enhancement in web-based EDI that provides functionality such as data integrity and authentication is another factor expected to boost the growth of the global market over the forecast period. Technological advancements in healthcare EDI are expected to create major opportunities for the global healthcare electronic data interchange market growth over the forecast period.
Key Highlights:
- In June 2019, GE Healthcare introduced it’s first-ever MRI technology for patients in the most remote regions to help the Norton Sound Health Corporation (NSHC)
- In June 2019, Cognizant announced an agreement to acquire Zenith Technologies which is a privately held life sciences manufacturing technology services company. Zenith Technologies allows the implementation of digital technologies to control, manage, and optimize drug and medical device production for maximum operational efficiency and regulatory compliance.
The market report has been segmented on the basis of delivery mode, transaction type, end-user, and region.
- By delivery mode, the global healthcare electronic data interchange market is segmented into web & cloud-based EDI, mobile EDI, EDI value-added network (VAN), and direct EDI. The web & cloud-based EDI segment delivery mode segment is considered to occupy a significant share owing, to the non-requirement of software installations and the low cost of web and cloud-based EDI.
- By transaction type, the global healthcare electronic data interchange market is bifurcated into claims management and healthcare supply chain.
- By end-user, the global healthcare electronic data interchange market is categorized into healthcare providers, healthcare payers, pharmacies, and medical device & pharmaceutical industries. The healthcare payer’s end-user segment is considered to occupy the highest global market share, owing to the rising adoption of EDI by the clinicians and physicians for financial management.
- By region, the global market in North America is expected to account for the largest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to the healthcare industry to streamline workflows, owing to increasing demand for advanced IT solutions in countries in the region. The global market in Europe is expected to account for the second-highest share in terms of revenue, owing to increasing government investment and initiatives for the development of the healthcare industry in the region. Moreover, the global market in Asia Pacific is expected to register significant growth over the forecast period, owing to the increasing patient pool and the growing need to manage large volumes of patient data in China, Japan, and India.
The prominent players operating in the global healthcare electronic data interchange market include GE Healthcare, Inc., McKesson Corporation, Allscripts Healthcare Solutions, Inc., Cognizant Technology Corporation, SSI Group LLC, Cerner Corporation, Comarch SA, Axway Software SA Optum, Inc., and Dell Technologies, Inc.
Table of Contents
167 Pages
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Delivery Mode
- Market Snippet, End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Case Study of usage of EDI in healthcare sector
- Pros & Cons of EDI
- Market Segmentation, By Component, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Software
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hardware
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Services
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Claims Management
- Healthcare Supply
- Market Segmentation, By Delivery Mode, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Web and Cloud-based EDI
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Mobile EDI
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- EDI Value Added Networks
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Direct EDI
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By End User, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Healthcare Providers
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Healthcare Payers
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East and Africa
- Competitive Landscape
- McKesson Corporation
- GE Healthcare Inc.
- Allscripts Healthcare Solutions Inc.
- Cognizant Technology Corporation
- SSI Group LLC
- Cerner Corporation
- Comarch SA
- Axway Software SA Optum Inc.
- Atena Health
- Nextgen Healthcare
- Change Healthcare
- Experian Plc.
- SYNNEX Corporation
- Waystar Health
- Dell Technologies Inc.
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