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Global Healthcare Electronic Data Interchange Market: COVID-19 Impact, Competitive and Regional Market Analysis till 2030

The report Global Healthcare Electronic Data Interchange Market, By Delivery Mode (Web & Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By Transaction Type (Claims Management and Healthcare Supply Chain), By End-User (Healthcare Providers, Healthcare Payers, Pharmacies, and Medical Device & Pharmaceutical Industries), and Region – Global Forecast to 2029″ Global healthcare electronic data interchange market is projected to grow from US$ 3.7 billion in 2020 to US$ 8.0 billion by 2029. 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 growth of the global market over the forecast period. Technological advancements in healthcare EDI is expected to create major opportunities for the global healthcare electronic data interchange market growth over the forecast period.

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Key Highlights:

  • On June 2019, GE Healthcare has introduced it’s first-ever MRI technology for patients in most remote region to help the Norton Sound Health Corporation (NSHC)
  • On June 2019, Cognizant has announced an agreement to acquire Zenith Technologies which is a privately-held life sciences manufacturing technology services company. Zenith Technologies allows implementation of digital technologies to control, manage, and optimize drug and medical device production for maximum operational efficiency and regulatory compliance.

Key Market Insights from the report:          

The global healthcare electronic data interchange market accounted for US$ 3.7 billion in 2020 and is projected to register a moderate CAGR of 4.0% over the forecast period. 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 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 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 largest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed in 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 second-highest share in terms of revenue, owing to increasing government investment and initiatives for development of healthcare industry in the region. Moreover, the global market in Asia Pacific is expected to register significant growth over the forecast period, owing to increasing patient pool and growing need to manage large volume of patient data in China, Japan, and India.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Global Healthcare Electronic Data Interchange Market”, By Delivery Mode (Web & Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By Transaction Type (Claims Management and Healthcare Supply Chain), By End-User (Healthcare Providers, Healthcare Payers, Pharmacies, and Medical Device & Pharmaceutical Industries), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029

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https://prophecymarketinsights.com/market_insight/Global-Healthcare-Electronic-Data-Interchange-968

The prominent player operating in the global healthcare electronic data interchange market includes 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.

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