What’s Driving Growth in the Healthcare Electronic Data Interchange Market? Insights into Key Trends and Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the healthcare electronic data interchange market size evolved in recent years?
In the past few years, the market size of healthcare electronic data interchange has seen swift expansion. The market is expected to surge from $5.39 billion in 2024 to $6 billion in 2025, representing a compound annual growth rate (CAGR) of 11.2%. Factors contributing to this growth during the historic period include regulatory compliance, administrative efficiency, cost and error reduction, as well as claims processing.
What are the predictions for the healthcare electronic data interchange market size in the coming years?
In the coming years, the market size for healthcare electronic data interchange is projected to witness a significant increase, reaching $9.55 billion in 2029 with a compound annual growth rate (CAGR) of 12.3%. This growth during the forecast period is anticipated due to factors such as value-based care models, data standardization, data protection and security, inter-organizational data sharing, and readiness for pandemics. The forecast period is expected to see leading trends like real-time claims processing, prior authorization automation, the use of blockchain for secure data transactions, data analytics and predictive modeling, and the application of AI for claim examination.
Get your healthcare electronic data interchange market report here!
What key factors are fueling the growth of the healthcare electronic data interchange market?
The surge in chronic disease instances is projected to stimulate the future expansion of the healthcare electronic data interchange market. Chronic ailments, which are enduring illnesses that cannot be addressed through immunizations or medications and do not simply vanish, persist for a prolonged duration, typically over three months. In managing these chronic ailments, Healthcare EDI plays a pivotal part by fast-tracking data exchange, optimizing administrative processes, and promoting effective communication. It supports healthcare professionals and patients in coordinating treatment plans, tracking conditions, and enhancing quality care for those dealing with chronic health challenges. For example, the Australian Bureau of Statistics, an independent Australian institution responsible for data gathering and analysis and the provision of factual advice, reported in March 2022 that in Australia, more than half of the total population (46.6% or 11.6 million people) was battling a minimum of one chronic illness. As a consequence, this rising prevalence of chronic diseases is fueling the growth of the healthcare electronic data interchange market.
How is the global healthcare electronic data interchange market divided into key segments?
The healthcare electronic data interchange market covered in this report is segmented –
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, Other End-Uses
Subsegments:
1) By Services: Consulting Services, Implementation Services, Maintenance And Support Services
2) By Solution: EDI Software, EDI Gateway Solutions, EDI Translation Tools
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6940&type=smp
Who are the key firms paving the way for growth in the healthcare electronic data interchange market?
Major companies operating in the healthcare electronic data interchange market include 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, Quadax Inc., Dell Technologies Inc., GE Healthcare, Quality Systems Inc., Epic Systems Corporation, eClinicalWorks, Practice Fusion, MEDITECH Inc., Care360 Pty Ltd., Vitera Ltd., IBM Corporation, Siemens Healthcare GmbH, Oracle Corporation, Infor Global Solutions
Which trends are expected to transform the healthcare electronic data interchange market?
The adoption of cutting-edge technologies in EDI systems is anticipated to be a leading trend in the healthcare electronic data interchange market. Prominent firms are merging EDI solutions with emerging technologies including APIs, AI, and Blockchain. These advanced technologies enhance the flexibility and connectivity of EDI solutions, leading to significant cost and time savings. To illustrate, in May 2022, NextGen Healthcare Inc., an American software company specializing in electronic medical record software and healthcare practice management solutions, introduced NextGen Health Data Hub Insights. This innovative information center and personalized analytics software is architected to simplify data acquisition, analytics execution, and report generation for Health Information Exchanges (HIEs) and healthcare professionals nationwide. This enables them to provide a more thorough outlook of community and patient health conditions. Operating on the foundation of the NextGen Health Data Hub, which facilitates global data exchange, this state-of-the-art technology empowers clients to maximize their data assets’ value by delivering tailored, near-instant visualization features and point-of-care data.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6940
What regions are contributing significantly to the growth of the healthcare electronic data interchange market?
North America was the largest region in the healthcare electronic data interchange market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare electronic data interchange market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Browse Through More Similar Reports By The Business Research Company:
Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024
Business Analytics & Enterprise Software Global Market Report 2024
Orthopedic Braces And Support Devices And Equipment Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
