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The healthcare EDI market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

Read More On The Healthcare EDI Market Report 2022 – https://www.thebusinessresearchcompany.com/report/healthcare-EDI-global-market-report

The Healthcare EDI Market Size In 2022 And Forecast

The global healthcare EDI market is expected to grow from $3.64 billion in 2021 to $4.03 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The healthcare EDI market is expected to grow to $5.70 billion in 2026 at a CAGR of 9.1%.

The healthcare EDI market consists of sales of healthcare electronic data interchange systems by entities (organizations, sole traders, and partnerships) that are used to manage the patient’s medical history, the medication data, and the emergency services record, which are considered critical data in the healthcare sector.

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Increase In Government Support For Healthcare Is Driving The Growth Of The Healthcare EDI Market

For instance, according to the Indian Economic Survey, in 2021-22, India’s public healthcare spending reached 2.1%, up from 1.8% in 2020-21. Furthermore, the Union budget for 2022 allocated 11.28 billion for the growth of health care. Therefore, the increasing government support for healthcare drives the demand for the healthcare EDI market.

Competitive Landscape And The Regional Analysis Of The Healthcare EDI Market

Major players in the healthcare EDI market are McKesson Corporation, Optum, Allscripts, GE Healthcare, Cognizant, Cerner, Dell Technologies Inc., The SSI Group, Tallan Inc., Quadax, AthenaHealth, Schreiner Group, MuleSoft LLC, and Boomi.

Additionally, as per TBRC’s research – North America was the largest region in the healthcare EDI market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Healthcare EDI Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare EDI market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the healthcare EDI market.

Technological Advancement – A Key Trend In The Healthcare EDI Market

Major companies operating in the healthcare EDI market are focused on new technological innovations to sustain their position in the market.

Healthcare EDI Market Segmentation By The Business Research Company

1) By Component: Software, Hardware, Services

2) By Transaction: Claim Management, Healthcare Supply Chain, Other Transactions

3) By Mode of Delivery: Mobile, VAN, Web & Cloud-based, Point-to-point

4) By End User: Healthcare Provider, Payer, Pharmacies, Other End Users

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