The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare electronic data interchange market report forecasts the healthcare electronic data interchange market size to grow to $7.06 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

Learn More On The Healthcare Electronic Data Interchange Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-electronic-data-interchange-global-market-report

Healthcare Electronic Data Interchange Market Size Forecast
The global healthcare electronic data interchange market is expected to grow from $4.22 billion in 2022 to $4.69 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare electronic data interchange market size is expected to grow to $7.06 billion in 2027 at a CAGR of 10.7%.

North America held the largest healthcare electronic data interchange market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Healthcare Electronic Data Interchange Market Driver ­– Increase In Demand For Electronic Data Interchange In The Healthcare Industry
For instance, 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.

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Key Healthcare Electronic Data Interchange Market Trend – Incorporating Advanced Technologies Into EDI Systems
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. For instance, in April 2020, Data Communications Solutions (DCS), a US-based provider of electronic data interchange (EDI) consulting services, partnered with Cleo, a US-based integration software provider, to assist organisations in modernising their B2B initiatives by focusing on EDI and API integration, specifically for ERP systems, through the Cleo integration cloud platform, a platform with unique features purpose-built to build, design, operate, and optimise critical supply-chain integration processes.

Healthcare Electronic Data Interchange Market Segment
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

Healthcare Electronic Data Interchange Market Major Players and Strategies
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 QuadaxInc.

In April 2022, Change Healthcare, a US-based healthcare technology company providing EDI network, merged with Optum. The combination of Optum and Change Healthcare will streamline and link the essential clinical, administrative, and financial procedures that payers and healthcare providers rely on to provide patients with treatment. Optum is a US-based pharmacy benefit manager and health care provider.

The Healthcare Electronic Data Interchange Global Market Report 2023 covers regional data on healthcare electronic data interchange market size, healthcare electronic data interchange market trends and drivers, opportunities, strategies, and healthcare electronic data interchange market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Healthcare electronic data interchange refers to a secure method of exchanging data between healthcare institutions, insurers, and patients using standardized message formats and standards.

View More Reports Related To The Healthcare Electronic Data Interchange Market –
Electronic Data Interchange EDI Software Global Market Report 2023
Healthcare ERP Consulting Services Global Market Report 2023
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