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

As per The Business Research Company’s Healthcare EDI Global Market Report 2023, the healthcare EDI market is expected to show significant growth in the forecast period.

Key insights from the healthcare EDI market forecast include:

1. Market Size

The global healthcare edi market size grew from $4.05 billion in 2022 to $4.49 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The healthcare edi market size is expected to grow to $6.59 billion in 2027 at a CAGR of 10.1%. North America was the largest region in the healthcare EDI market in 2022.

2. Major Driver

The increase in government support for healthcare is expected to propel the growth of the healthcare EDI market growing forward. Healthcare EDI is used to share information between the departments and branches in super-specialty hospitals. Healthcare EDI software helps to transmit details including coordination of benefits, claims status and information, insurance data, payment data, and eligibility forms among healthcare. Rising government support for the healthcare industry helps the healthcare sector develop new equipment and provide better services for the people. It also helps to increase technology in government hospitals. 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.

View More On The Healthcare EDI Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-edi-global-market-report

3. Key Trend

Technological advancements have emerged as the key trend gaining popularity 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. For instance, in 2020, Waystar, a US-based company that develops a technology platform that simplifies and unifies the healthcare payments cycle, launched its new analytics software based on revenue cycle technology. It facilitates access to vital data insights and aids medical organizations during the pandemic situation. Waystar fast-tracked the launch of this new software, which offers the intelligence healthcare leaders require to make strategic, reliable, and correct decisions in this environment.

4. Major Players

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.

5. Top Market Segments

The global healthcare EDI market is segmented –
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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The Healthcare EDI Global Market Report 2023  provides an in-depth analysis on the healthcare EDI market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Business Analytics & Enterprise Software Global Market Report 2023
Point-of-Care Diagnostics Devices And Equipment Global Market Report 2023
Pharmacies and Healthcare Stores Global Market Report 2023

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