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Healthcare Electronic Data Interchange (EDI) Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
The Healthcare Electronic Data Interchange (EDI) market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire Healthcare Electronic Data Interchange (EDI) market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Healthcare Electronic Data Interchange (EDI) industry. The report analyzes and declares the historical and current trends analysis of the Healthcare Electronic Data Interchange (EDI) industry and subsequently recommends the projected trends anticipated to be observed in the Healthcare Electronic Data Interchange (EDI) market during the upcoming years.
Key Insights from Primary Research
- According to the primary CXOs of the global Healthcare Electronic Data Interchange (EDI) market, the market is estimated to witness a substantial growth of nearly 9.6% over the forecast period.
- The market was valued at USD 3,921.3 million, in 2019 and is expected to be valued at over USD 5,321.3 million.
- On the basis of the component segment, the solutions segment dominated the global Healthcare Electronic Data Interchange (EDI) market in 2019. In terms of revenue, it accounted for more than a 64.2% share of the total market in 2019.
- Asia Pacific market is expected to be the fastest growing region for Healthcare Electronic Data Interchange (EDI) over the forecast period owing to the increasing adoption of Healthcare Electronic Data Interchange (EDI) and cloud computing.
- By geography, the North American region headed the market with a share of above 31.5%, in 2019.
Key Recommendations from Analysts
- 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.
- The strategic developments such as regional expansion, product innovations, and ongoing research and developments by the major companies such as Allscripts Healthcare Solutions Inc., Cognizant, Experian Information Solutions, etc. are likely to boom the market’s growth over the forecast years.
- Our analysts advise that the Asia Pacific region will probably witness significant growth attributed to the growing demand for Healthcare Electronic Data Interchange (EDI) from China and India.
- Expansion of manufacturing plants or distribution channels of pharmaceutical companies especially in an emerging market is predicted to fuel the demand for Healthcare Electronic Data Interchange (EDI) drugs in developing economies over the forecast years.
- Strengthening the sales channel and growing availability of healthcare EDI online may also help the major player to cater to the beneficial growth of the market over the years to come.
Market Share Analysis by Region
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The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Healthcare Electronic Data Interchange (EDI) industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Healthcare Electronic Data Interchange (EDI) industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Healthcare Electronic Data Interchange (EDI) market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Healthcare Electronic Data Interchange (EDI) industry. The Healthcare Electronic Data Interchange (EDI) market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Healthcare Electronic Data Interchange (EDI) sector. Key strategic developments in the Healthcare Electronic Data Interchange (EDI) market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Healthcare Electronic Data Interchange (EDI) market are appropriately highlighted in the report.
The Healthcare Electronic Data Interchange (EDI) market research report delivers an acute valuation and taxonomy of Healthcare Electronic Data 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 an organized, compliant exchange of information. Unlike standard EDI, electronic data exchange transfers from healthcare providers are not email exchanges.
The Healthcare Electronic Data Interchange (EDI) market is segmented based on component, delivery mode, end-user, and region. On the basis of components the market is segmented into Solutions, and Services. The delivery mode segmentation includes Delivery Mode (EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI, and Web and Cloud-based EDI. The end user segment is classified into Payer, Provider, and Others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3,921.3 Million |
Projected Market Size in 2026 |
USD 5,321.3 Million |
CAGR Growth Rate |
9.6% CAGR |
Base Year |
2020 |
Forecast Years |
2020-2026 |
Key Market Players |
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. |
Key Segment |
By Component, By Delivery Mode, By End user, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the essential players operating in the market are as follows:
- Allscripts Healthcare Solutions Inc.
- Cognizant
- Experian Information SolutionsInc.
- GE Healthcare
- McKesson Corporation
- OptumInc.
- Schreiner Group
- Siemens Healthineers
- The SSI Group
- LLC
- ZirMed Inc.
The taxonomy of the Healthcare Electronic Data Interchange (EDI) industry by its scope and segmentation is as follows:
Component Segment Analysis
- Solutions
- Services
Delivery Mode Segment Analysis
- EDI Value Added Network (VAN)
- Direct (Point-to-Point) EDI
- Mobile EDI
- Web and Cloud-based EDI
End-user Segment Analysis
- Payer
- Provider
- Others
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 the Middle East & Africa
Table of Content
Industry Major Market Players
- Allscripts Healthcare Solutions Inc.
- Cognizant
- Experian Information SolutionsInc.
- GE Healthcare
- McKesson Corporation
- OptumInc.
- Schreiner Group
- Siemens Healthineers
- The SSI Group
- LLC
- ZirMed Inc.
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