Global healthcare electronic data interchange (EDI) market or healthcare EDI market is expected to reach US$ 6.4 billion by 2026; experiencing a compound annual growth rate (CAGR) of 8.8% from 2018 to 2026. Data management is one of the most important work in healthcare industry as it plays crucial for maintaining the records which is required in the continuous treatment of a patient as well as running the entire infrastructure. Emergency services records, patient history records, and medication data among others are some of the important aspects that has to be maintained by hospitals medicals and other related institutes in the healthcare industry. Systems that can manage data in systematically, efficiently and easily accessible are in demand these days and are expected to witness robust growth in the coming years as well. Thereby, healthcare electronic data interchange (EDI) is playing a vital role and is implemented across all sub-divisions of the healthcare industry. Insurance and reimbursement data management, medical and dental patient database management, and clinical trials and regulatory data management are some of the key application areas for healthcare electronic data interchange (EDI) and the common mode of deliver of EDI are P2P, mobile, VAN, and cloud. These mode of deliveries play a vital role in the healthcare electronic data interchange (EDI) market.
The market is segmented into by components, by delivery modes, end use segments and region or geography. Solutions and services sub segments are covered under component segment whereas end use sub segments include Web and Cloud-based EDI, EDI Value Added Network (VAN), Direct (Point-to-Point) EDI and Mobile EDI. End use sub segments include Healthcare Payers, Healthcare Providers, Pharmaceutical & Medical Device Industries and Others. On broad level, by geography the region covered under the healthcare electronic data interchange (EDI) market report scope are North America, Europe, Asia Pacific and Rest of the World (RoW). However, the key countries of this major region are also covered under the scope of the healthcare electronic data interchange (EDI) market report.
Among the component, the services segment acquired the largest share of the global healthcare EDI market. On the basis of delivery mode, the web & cloud-based EDI acquired the largest share market share. The compatibility with mobile devices, non-requirement of software installations, low cost of web and cloud-based EDI, and high scalability are some of the major factors driving the use of web & cloud-based EDI, thereby opening up a new scope of the EDI implementation. Across different geographies, North America acquires the largest share globally at present followed by Europe and Asia Pacific.
Some of the key players in the global healthcare electronic data interchange (EDI) market are Siemens Healthineers, Optum, Inc., Schreiner Group, Allscripts Healthcare Solutions Inc., LLC; ZirMed Inc., The SSI Group, GE Healthcare, McKesson Corporation, Cognizant and Experian Information Solutions, Inc. Merger & acquisition, new product launch, and collaboration are the key strategies adopted by the key players of this market.
The Highlights of the Global Healthcare Electronic Data Interchange (EDI) Market Report
Scope of the Global Healthcare Electronic Data Interchange (EDI) Market
Segments by Component:
Segments by Delivery Mode:
Segments by End-Use Industry:
Segments by Geography/ Region:
• North America
o The U.S.
o Rest of Europe
• Asia Pacific
• Rest of the World (RoW)
• South America
• Middle East