Press release
Global Healthcare EDI Market Expected to Reach USD 6.79 Billion by 2025 | Key Players GE Healthcare, Cognizant Technology Corporation, Cerner Corporation, Axway Software SA.
Healthcare EDI Market
In the year 2016, Global Healthcare EDI Market was valued at USD 2.75 Billion. By the year 2025, it is expected to reach USD 6.79 Billion at a growing CAGR of 10.56%.
Health care Electronic data Interchange (EDI) facilitates the exchange of healthcare data which is processed using computer software in a standardized format. EDI helps to manage data such as patient’s medical history, the medication data, and the emergency services record. It helps in exchanging of information among healthcare institutions, healthcare professionals, and patients. Healthcare EDI increases accuracy, improves productivity, helps in faster identification of errors, consumes less time, secures exchange of information and leads to ease of work for the healthcare providers, healthcare payers, and pharmacies. Some of the important applications of EDI systems are medical and dental patient database management, insurance reimbursement data management, and clinical trials and regulatory data management.
Browse details of research report developed on Global Healthcare EDI Market @ https://www.researchcosmos.com/reports/global-healthcare-edi-market-forecast-2016-2025-industry-analysis-report/9561675
Underlying Causes
The Global Healthcare EDI market is mainly driven due to the factors like increasing chronic diseases across the globes which leads to increase in the data which has to be stored and maintained, growing demand for the healthcare EDI systems in healthcare services, increasing number of research and development activities in the healthcare sector, technological advancements in the EDI systems, increasing applications in the various sectors, and growing number of end users like private and public hospitals. However, Limited technological access and high installation costs of the EDI systems are the factors which may hamper the market growth for Global Healthcare EDI Market during the forecast period.
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Geographic Segmentation:
Based on geography, North America holds the largest market share in the Global Healthcare EDI Market followed by Europe due to presence of the advanced healthcare infrastructure, advancement of technologies in medical industry, rising prevalence of chronic diseases, and increasing aging population the region. The Asia-Pacific is projected to witness fastest growth during the period due to increasing healthcare expenditure, favorable government policies, rising focus on research and development, advancement of technologies, and increasing investment for healthcare EDI systems.
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Key Players:
Leading companies for Global Healthcare EDI Market are GE Healthcare, Cognizant Technology Corporation, Cerner Corporation, Axway Software SA, Dell Technologies Inc., Synnex Corporation, McKesson Corporation, Allscripts Healthcare Solutions Inc., SSI Group, LLC, Comarch SA, Optum Inc., and Quality Systems Inc.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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