Healthcare EDI Market was valued at USD 4.38 Bn in 2022, and it is expected to reach USD 8.26 Billion by 2029, exhibiting a CAG R of 9.5 % during the forecast period (2023-2029)
Healthcare EDI Market Overview:
The Healthcare EDI market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Healthcare EDI Market, as well as the reasons for variations in the industry’s growth in various locations.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
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Segmentation:
by Component
Services
Solutions
Services accounted for 37.8% of the healthcare EDI market share by component in 2022. Thanks to the rising demand for scalability and integrity in EDI solutions as well as the popularity of healthcare organisations outsourcing electronic data interchange services.
The solutions segment is anticipated to expand significantly over the course of the forecast period due to the fact that it lowers administrative costs, expedites information processing, ensures data accuracy, eliminates certain business transactions, streamlines business procedures, and improves customer or vendor relations.
byDelivery Mode
Web and Cloud-based EDI
EDI Value Added Network (VAN)
Direct (Point-to-Point) EDI
Mobile EDI
By delivery method, Three distribution methods were examined in this report: mobile EDI, direct EDI, and EDI VAN. The web-based and cloud-based EDI sector is anticipated to rule the healthcare electronic data interchange (EDI) market, despite growing demand from small and medium-sized healthcare providers for less expensive solutions with greater flexibility and scalability.
The mobile EDI category is anticipated to experience faster growth during the projection period. This is due to the healthcare sector’s technological advancements as well as the increasing acceptance of mobile healthcare solutions by healthcare professionals.
by End-Use
Healthcare Payers
Healthcare Providers
Pharmaceutical & Medical Device Industries
Others
Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Healthcare EDI market are as follows:
Key Players in the Healthcare EDI Market are:
1. Zirmed Inc.
2. SSI Group LLC
3. Dell Technologies Inc.
4. Synnex Corporation
5. Quality Systems Inc.
6. Cognizant Technology Solutions Corporation
7. Allscripts Healthcare Solutions, Inc.
8. Cerner Corporation
9. Experian PLC
10. Optum, Inc. (A Subsidiary of Unitedhealth Group Inc.)
11. Mckesson Corporation
12. GE Healthcare
Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Healthcare EDI market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Healthcare EDI Market:
Due to a break in operations, end-user sectors where Healthcare EDI are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Healthcare EDI manufacturers, affecting the development of the Healthcare EDI market in 2020. End-user business demand for Healthcare EDI has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Healthcare EDI Market Report are:
- Which segment had the largest share in the Healthcare EDI market in 2021?
- What is the competitive landscape of the Healthcare EDI market?
- Which are the key drivers aiding the Healthcare EDI market growth?
- Which region has the maximum share in the Healthcare EDI market?
- What will be the CAGR of the Healthcare EDI market during the forecast period (2022-2027)?
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