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Global Healthcare Electronic Data Interchange (EDI) Market Estimated to Reach USD 5,321.3 Million by 2026

26-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Healthcare Electronic Data Interchange (EDI) Market By Sample (Blood Products, Ovum/embryo, Semen and others), Product (Manual and Automatic) and End-user (Hospital, Research Laboratories and Institutes, Pharmaceutical Industry and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Healthcare Electronic Data Interchange (EDI) market in 2019 was approximately USD 3,921.3 Million. The market is expected to grow above a CAGR of 9.6% and is anticipated to reach over USD 5,321.3 Million by 2026.

The electronic exchange of data is characteristic of online business communication. Healthcare electronic data transfer facilitates the sharing of computer-processable electronic healthcare information between healthcare agencies, healthcare practitioners and patients in a user-friendly format. Standardization, cost savings, improved efficiency, and quicker delivery are some of the healthcare benefits EDI offers. Healthcare providers, for example, can send claim status requests and receive information via a predefined process system for the organized, compliant exchange of information. Unlike standard EDI, electronic data exchange transfers from healthcare providers are not an email exchange.

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Technologically creative electronic data exchange systems/solutions like web-based EDI have progressed to tackle confidentiality issues, authentication issues, and data integrity issues. Developments in the American National Standards Institute (ANSI) X12 EDI formatting system made business-to-business (B2B) transactions useful for electronic data exchange. The implementation of Extensible Markup Language (XML) and Web-based standards in the exchange of electronic data delays development in this industry. Help is offered for electronic data sharing services/solutions such as online and cloud-based EDI, EDI Value Added Network (VAN), direct (point-to-point) EDI, mobile EDI, Applicability Statement Version 2 (AS2), Virtual Private Network File Transfer Protocol (FTP / VPN), Secure File Transfer Protocol (SFTP) or Secure File Transfer Protocol (FTPS).

The Healthcare Electronic Data Interchange (EDI) market is segmented into component, delivery mode, end-user, and region segment. The component segment is segmented into solutions and services. The Solutions segment accounted for the largest segment owing to the increase in the adoption of healthcare electronic data interchange (EDI). The delivery mode segment is classified into EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI, and Web and Cloud-based EDI. The end-user segment is segmented into payer, provider, and others.

Regionally, the North America region leads the global market for the healthcare electronic data interchange. The Asia Pacific market is expected to register the highest compound annual growth rate (CAGR) in the forecast years attributing to the improving healthcare infrastructure, healthcare regulations, adoption of cloud computing technologies and intraoperatabilty.

Top key players operating in the market are Allscripts Healthcare Solutions Inc., Cognizant, Experian Information Solutions, Inc., GE Healthcare, McKesson Corporation, Optum, Inc., Schreiner Group, Siemens Healthineers, The SSI Group, LLC and ZirMed Inc. amongst others.

This report segments the Healthcare Electronic Data Interchange (EDI)market as follows:

Global Healthcare Electronic Data Interchange (EDI) Market: Component Segment Analysis

  • Solutions
  • Services

Global Healthcare Electronic Data Interchange (EDI) Market: Delivery Mode Segment Analysis

  • EDI Value Added Network (VAN)
  • Direct (Point-to-Point) EDI
  • Mobile EDI
  • Web and Cloud-based EDI

Global Healthcare Electronic Data Interchange (EDI) Market: End user Segment Analysis

  • Payer
  • Provider
  • Others

Global Healthcare Electronic Data Interchange (EDI)Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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