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The healthcare electronic data interchange market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 10%, as per The Business Research Company’s market report!

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The Healthcare Electronic Data Interchange Market Size In 2022 And Forecast
The global healthcare electronic data interchange market is expected to grow from $3.77 billion in 2021 to $4.19 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The global healthcare electronic data interchange market size is expected to reach $6.12 billion in 2026 at a CAGR of 9.9%.

The healthcare electronic data interchange market consists of the sale of electronic data interchange services by entities (manufacturers, sole traders, and partnerships) used to transfer healthcare data securely to lower administrative costs, minimise claim errors, and boost productivity.

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Increase In Demand For EDI In The Healthcare Industry Is Driving The Growth Of The Healthcare Electronic Data Interchange Market
For instance, in 2019, Italy introduced a platform for the electronic exchange of orders between the National Health System (SSN) and its suppliers. Healthcare orders also take place through this platform. In November 2020, Germany made it compulsory to submit electronic invoices to the direct federal administration using the Federal Central Invoice Submission Portal (ZRE) and to the indirect federal administration, such as authorities and foundations under public law, using the Federal Invoice Submission Portal. Therefore, increasing demand for electronic data interchange in the healthcare industry is driving the growth of the electronic data interchange market.

Competitive Landscape And The Regional Analysis Of The Healthcare Electronic Data Interchange Market
Major players in the healthcare electronic data interchange market are McKesson Corporation, Optum Inc, Allscripts Healthcare Solutions Inc., Athenahealth Inc, NextGen Healthcare Inc, Experian plc, Cognizant Technology Solutions, Cerner Corporation, Synnex Corporation, The SSI Group LLC, Waystar Health, Comarch SA, Axway Software, PLEXIS Healthcare Systems Inc, Archer Software, TrueCommerce B2BGateway, DiCentral Corporation, 123 EDI, and Quadax Inc.

Additionally, as per TBRC’s research – North America was the largest region in the healthcare electronic data interchange 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 Electronic Data Interchange 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 electronic data interchange 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 electronic data interchange market.

Incorporating Advanced Technologies Into EDI Systems – A Key Trend In The Healthcare Electronic Data Interchange Market
Major companies are integrating EDI solutions with new technologies such as APIs, AI, and Blockchain. Advanced technologies increase the agility and connectivity of EDI solutions, which further saves cost and time.

Healthcare Electronic Data Interchange Market Segmentation By The Business Research Company

1) By Component: Services, Solution

2) By Delivery Mode: Web and Cloud-based EDI, EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI

3) By End-Use: Healthcare Payers, Healthcare Providers, Pharmaceutical and Medical Device Industries, Others

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