26-Mar-2020 | Facts and Factors
The global Healthcare Electronic Data Interchange (EDI) market in 2019 was approximately USD 3,921.3 Million. The market is expected to grow above a CAGR of 9.6% and is anticipated to reach over USD 5,321.3 Million by 2026.
The electronic exchange of data is characteristic of online business communication. Healthcare electronic data transfer facilitates the sharing of computer-processable electronic healthcare information between healthcare agencies, healthcare practitioners, and patients in a user-friendly format. Standardization, cost savings, improved efficiency, and quicker delivery are some of the healthcare benefits EDI offers. Healthcare providers, for example, can send claim status requests and receive information via a predefined process system for the organized, compliant exchange of information. Unlike standard EDI, electronic data exchange transfers from healthcare providers are not email exchanges.
Browse the full “Healthcare Electronic Data Interchange (EDI) Market By Sample (Blood Products, Ovum/embryo, Semen, and others), Product (Manual and Automatic), and End-user (Hospital, Research Laboratories and Institutes, Pharmaceutical Industry, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/healthcare-electronic-data-interchange-edi-market-by-sample-967
Technologically creative electronic data exchange systems/solutions like web-based EDI have progressed to tackle confidentiality issues, authentication issues, and data integrity issues. Developments in the American National Standards Institute (ANSI) X12 EDI formatting system made business-to-business (B2B) transactions useful for electronic data exchange. The implementation of Extensible Markup Language (XML) and Web-based standards in the exchange of electronic data delays development in this industry. Help is offered for electronic data sharing services/solutions such as online and cloud-based EDI, EDI Value Added Networks (VAN), direct (point-to-point) EDI, mobile EDI, Applicability Statement Version 2 (AS2), Virtual Private Network File Transfer Protocol (FTP / VPN), Secure File Transfer Protocol (SFTP) or Secure File Transfer Protocol (FTPS).
The Healthcare Electronic Data Interchange (EDI) market is segmented into components, delivery modes, end-user, and region segment. The component segment is segmented into solutions and services. The Solutions segment accounted for the largest segment owing to the increase in the adoption of healthcare electronic data interchange (EDI). The delivery mode segment is classified into EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI, and Web and Cloud-based EDI. The end-user segment is segmented into payer, provider, and others.
Regionally, the North American region leads the global market for healthcare electronic data interchange. The Asia Pacific market is expected to register the highest compound annual growth rate (CAGR) in the forecast years attributed to the improving healthcare infrastructure, healthcare regulations, adoption of cloud computing technologies, and intraoperatabilty.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3,921.3 Million |
Projected Market Size in 2026 |
USD 5,321.3 Million |
CAGR Growth Rate |
9.6% CAGR |
Base Year |
2020 |
Forecast Years |
2020-2026 |
Key Market Players |
Allscripts Healthcare Solutions Inc., Cognizant, Experian Information Solutions, Inc., GE Healthcare, McKesson Corporation, Optum, Inc., Schreiner Group, Siemens Healthineers, The SSI Group, LLC and ZirMed Inc. amongst others. |
Key Segment |
By Component, By Delivery Mode, By End user, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Top key players operating in the market are Allscripts Healthcare Solutions Inc., Cognizant, Experian Information Solutions, Inc., GE Healthcare, McKesson Corporation, Optum, Inc., Schreiner Group, Siemens Healthineers, The SSI Group, LLC, and ZirMed Inc. amongst others.
This report segments the Healthcare Electronic Data Interchange (EDI)market as follows:
Global Healthcare Electronic Data Interchange (EDI) Market: Component Segment Analysis
Global Healthcare Electronic Data Interchange (EDI) Market: Delivery Mode Segment Analysis
- EDI Value Added Network (VAN)
- Direct (Point-to-Point) EDI
- Mobile EDI
- Web and Cloud-based EDI
Global Healthcare Electronic Data Interchange (EDI) Market: End user Segment Analysis
Global Healthcare Electronic Data Interchange (EDI)Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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