Global Healthcare Electronic Data Interchange Overview
Electronic data interchange (EDI) is an innovative electronic communication technology. It is a structured way to transmit data between computer systems using established message formats and standards. Healthcare EDI provides a secure electronic data interchange between healthcare institutions, care providers, and patients, and allows for more secure processing, including healthcare claims processes. Healthcare EDI helps healthcare professionals in managing massive data in a systematic, efficient, and easily accessible manner.
Growing support from the government for various healthcare facilities, coupled with increasing patient pool especially, in developed economies are key factors driving growth of the global electronic data interchange market. In addition, growing adoption and benefits of EDI software by the pharmaceutical companies, such as cost savings, standardization, faster processing, improved productivity, and funding policies. These factors are expected to fuel growth of the global market over the forecast period. Moreover, development of web-based EDI that provides functionality such as data integrity and authentication is also another factor expected to propel growth of the global market over the forecast period. However, concerns related to data security are a major factor restraining growth of the global healthcare electronic data interchange market. In addition, high costs associated with implementation of EDI software and lack of awareness about healthcare EDI especially in developing economies are some other factors expected to hamper growth of the global market over the forecast period.
The global healthcare electronic data interchange market is segmented based on delivery mode, transaction type, end-users, and region.
On the basis of delivery mode, the global healthcare electronic data interchange market is segmented into web and cloud-based EDI, mobile EDI, EDI value added network (VAN), and direct EDI. On the basis of transaction type, the target market is bifurcated into claims management and healthcare supply chain. Based on end-user, the global market is classified into healthcare providers, healthcare payers, pharmacies, and medical device & pharmaceutical industries.
On the basis of region, the global healthcare electronic data interchange market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account for largest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to increasing demand for advanced IT solutions in healthcare industry to streamline workflows in countries in the region. The market in the Europe is expected to account for second-highest share in terms of revenue, owing to increasing government investment and initiatives for development of healthcare industry in the region. Moreover, the market in Asia Pacific is expected to register significant growth in the target market over the forecast period, owing to increasing patient pool and growing need to manage large volume of patient data in emerging economies such as China, Japan, and India.
The key players operating in the global healthcare electronic data interchange market includes McKesson Corporation, GE Healthcare, Inc., Allscripts Healthcare Solutions, Inc., Cognizant Technology Corporation, SSI Group LLC, Cerner Corporation, Comarch SA , Axway Software SA
Optum, Inc. , and Dell Technologies, Inc.
Global Healthcare Electronic Data Interchange Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Delivery Mode
- Market Snippet, By Transaction Type
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Healthcare Electronic Data Interchange Market, By Delivery Mode, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Web
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cloud-based EDI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Mobile EDI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- EDI Value Added Network
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Direct EDI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Healthcare Electronic Data Interchange Market, By Transaction Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Claims Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Healthcare Supply Chain
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Healthcare Electronic Data Interchange Market, By End-User, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ 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 (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Healthcare Payers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Pharmacies
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Medical Device & Pharmaceutical Industries
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Healthcare Electronic Data Interchange Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ 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 (US$ Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Transaction Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Transaction Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Transaction Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Transaction Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Delivery Mode, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Transaction Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- McKesson Corporation.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Healthcare, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allscripts Healthcare Solutions, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cognizant Technology Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SSI Group LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cerner Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Comarch SA.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Axway Software SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Optum, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dell Technologies,Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Healthcare Electronic Data Interchange Market is segmented into delivery mode, transaction type, end-users, and region.
Growing emphasis on digital healthcare operations, demand for streamlined data exchange, and the adoption of EDI solutions for efficient electronic communication among healthcare entities drive the growth of the healthcare EDI market globally.
Challenges include potential data security concerns, standardization complexities in healthcare data formats, and the need for interoperability among diverse healthcare IT systems, posing global restraints in the healthcare EDI market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, McKesson Corporation, GE Healthcare, Inc., Allscripts Healthcare Solutions, Inc., Cognizant Technology Corporation, SSI Group LLC, Cerner Corporation, Comarch SA , Axway Software SA, Optum, Inc. , and Dell Technologies, Inc.