Healthcare EDI Market Analysis by Component (Services and Solutions); by Delivery Mode (Web & Cloud-based EDI, EDI VAN and Others); by Transaction Type (Claims Management and Healthcare Supply Chain); and by End User (Healthcare Providers, Healthcare Payers, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

Global Healthcare EDI Market Report Scope

Global Healthcare EDI Market Highlights Over 2023 - 2033

The global healthcare EDI market is estimated to garner a revenue of ~ USD 10 billion by the end of 2033 by growing at a CAGR of ~11% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 4 billion in the year 2022. The worldwide growth in the healthcare industry is thought to be the prime factor driving the expansion of the global healthcare EDI market. For instance, there is a significant presence of hospitals in countries worldwide. As of 2020, the number of hospitals in Japan was more than 8200, while the count in the United States (U.S.) came up to 7000.

GET A SAMPLE COPY OF THIS REPORT
 

Similarly, there is also a significant growth in the number of users in the health care industry. The number of users in the health care segment is projected to reach about 1354 million by 2025, with an increased user penetration of about 18%.

Global Healthcare EDI Market: Growth Drivers and Challenges

Growth Drivers

• Growth in the Number of Patients Since the Beginning of COVID-19 – As of September 2022, the world has recorded more than 618 million coronavirus cases with over 6 million deaths. Similarly, as of September 2022, the number of nations, districts, or territories in the U.S. categorized under high COVID-19 community level is over 435, while those with medium community level is ~1155 and with low community level amount to about 1630. The U.S. also leads in the total number of cases and deaths since the beginning of the pandemic.

• Increasing Number of Health Insurance Companies – It is estimated that presently there are about 5930 insurance companies solely across the U. S.

• Need to Lower Healthcare Spending – The average total health expenditure per person worldwide in 2019 has been estimated to be about USD 1130.

• Use of Big Data in Healthcare to Meet Revenue Goals – It has been observed that companies quantifying gains by analyzing big data have a reported average increase of ~9% in their revenue.

Challenges

• High Cost of Implementation of Electronic Data Interchange (EDI) Software

• Limited Information Technology (IT) Resources of Small End Users

• Limited Budget of Small End Users

The global healthcare EDI market is segmented and analyzed for demand and supply by end-user into healthcare providers, healthcare payers, medical device & pharmaceutical industries, and pharmacies. Of these, the healthcare payers segment is anticipated to hold the largest market size by the end of 2033. Insurance claims from extensive insurance coverage are the main factor driving the market growth in the segment. For instance, up to 92% of people in the U.S. alone have been estimated to come under insurance coverage for the whole or part of 2020. In the same year, private health insurance was observed to be considerably more than public health insurance coverage.

Global Healthcare EDI Market Regional Synopsis

Regionally, the global healthcare EDI market is studied in five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North American region is projected to hold the largest market share by the end of 2033. The high investment in health care and the considerable growth of the healthcare industry there is thought to drive the market growth in the region. For instance, only in 2020, the expenditure of the U.S. on health care came up to about 19% of its gross domestic product.

Market Segmentation

Our in-depth analysis of the global healthcare EDI market includes the following segments:

Customize this Report: Request Customization

Key Companies Dominating the Global Healthcare EDI Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global healthcare EDI market that are included in our report are athenahealth, Inc. (Veritas Capital Fund Management, L.L.C.), Axway, Cognizant Technology Solutions Corporation, Comarch S. A., HDX (Cerner Corporation), Dell Technologies, Inc., McKesson Corporation, Optum, Inc., NXGN Management, LLC., Allscripts Healthcare, LLC, and others.

Global Healthcare EDI Market: Latest Developments

• September, 2022: McKesson Corporation – announced the signing of a definitive agreement on the acquisition of Rx Savings Solutions (RxSS) to improve its efforts in solving common medication challenges.

• February, 2021: Comarch S. A. – announced its EDI platform being chosen for the foreign branches of Angelini Holding S.p.A to increase Angelini’s business competitiveness.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.