Press release
Healthcare Electronic Data Interchange (EDI) Market Size 2020, Covid-19 Impact Analysis, Industry Size, Technology Trends, Business Opportunities, Top Company and Regional Statistics, Forecast to 2023
Healthcare Electronic Data Interchange Market Synopsis
Market Research Future (MRFR), in its latest “Global Healthcare Electronic Data Interchange (EDI) Market” report, states that the market is expected to touch a valuation above USD 2674 Mn at 8.8% CAGR across the evaluation period. In the healthcare sector, the enormous generate of data through documents, such as, patient records, health insurance reimbursements, and others are required to be processed and sorted for convenient extraction. The traditional use of paper is an inefficient and cumbersome method. Thus, the need for electronic data interchange (EDI) in healthcare industry is surging. The efficacy of Edi that allows the presentation of healthcare data in standardized format to institutions, healthcare professionals, and patients can prompt the expansion of the global electronic data interchange market.
Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/7338
The rise in the adoption of EDI for performance management and operational intelligence is another determinate for the market expansion. EDI healthcare transactions offers elimination of paper trails and digitized transactions curbs reduction of costly errors. Moreover, healthcare players are observed to manage significant savings on deploying EDI. Other drives, such as increase in government support for development of IT-based healthcare projects and rise in the demand for reduction in healthcare expenses can accelerate the EDI market growth. In addition, the growing awareness about benefits of using EDI software, adoption of EDI software by reputed pharmaceuticals, and exercising favourable funding policies offered by different healthcare companies are anticipated to spur the growth of the electronic data interchange market.
On the downside, the high installation price of EDI software, hesitancy to remove conventional methods, and data security can limit the market expansion.
Healthcare Electronic Data Interchange Market Key Players
Cognizant, Allscripts Healthcare Solutions Inc., Siemens Healthineers, The SSI Group, LLC, Experian Information Solutions, Inc., ZirMed Inc., GE Healthcare, McKesson Corporation, Optum, Inc., Schreiner Group, Passport Health Communications, Emdeon Inc., and HealthFusion are some reputed companies functioning in the global healthcare electronic data interchange (EDI) software market.
Healthcare Electronic Data Interchange Market Segmental Outline
The global healthcare electronic data interchange market was studied by component, transaction, delivery mode, and end user.
Software and services are electronic data interchange market’s component-based segments. Web and cloud-based EDI, direct (Point-to-Point) EDI, EDI value added network (VAN), and mobile EDI are delivery-mode based segments of the EDI market. The market’s transaction-based segments are payment & remittance advance, claims & encounters, claim attachments, eligibility inquiry and response, enrolments, claim status and response, and referral certification and authorization. By end user, the market segments are pharmaceutical & medical device industries, healthcare providers, and healthcare payers, others. The healthcare payers segment can hold the grand share of the overall market as the rate of adoption of EDI by clinicians and physicians for financial management is high. The pharmaceutical and medical device segment can strike a decent CAGR through the study period.
Healthcare Electronic Data Interchange Market Regional Summary
Americas healthcare electronic data interchange market to be in the forefront. The high pace growth of the healthcare electronic data interchange (EDI) market in Americas can be attributed to surge in healthcare expenditure, increased participation of marketers, and disruptive technologies in EDI software.
Europe EDI market expansion can be attributed to hefty funds offered by governments and the presence of favourable policy implementation.
Asia Pacific healthcare electronic data interchange software market can surge at a high growth rate due to increased investment in information technology. As per the report offered by India Brand Equity Foundation (IBEF), India’s heavy investment in the development of information technology sector can bolster the expansion of the regional EDI market through the evaluation period.
In MEA, the market of healthcare electronic data interchange software can emerge in coming years.
Ask Questions To The Experts @ https://www.marketresearchfuture.com/enquiry/7338
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Product Trends & Assessment
Chapter 5. Market Factor Analysis
...TOC Continued
LIST OF TABLES
Table 1 Global Healthcare Electronic Data Interchange (EDI) Market Synopsis, 2018–2023
Table 2 Global Healthcare Electronic Data Interchange (EDI) Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Healthcare Electronic Data Interchange (EDI) Market, By Region, 2018–2023 (USD Million)
Table 4 Global Healthcare Electronic Data Interchange (EDI) Market, By Component, 2018–2023 (USD Million)
Table 5 Global Healthcare Electronic Data Interchange (EDI) Market, By Delivery Mode, 2018– 2023 (USD Million)
Table 6 Global Healthcare Electronic Data Interchange (EDI) Market, By Transaction, 2018–2023 (USD Million)
...Continued
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Market Structure For Global Healthcare Electronic Data Interchange (EDI) Market
Figure 3 Market Dynamics For Global Healthcare Electronic Data Interchange (EDI) Market
Figure 4 Global Healthcare Electronic Data Interchange (EDI) Market Share, By Component, 2017
Figure 5 Global Healthcare Electronic Data Interchange (EDI) Market Share, By Delivery Mode, 2017
Figure 6 Global Healthcare Electronic Data Interchange (EDI) Market Share, By Transaction, 2017
...Continued
Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/healthcare-electronic-data-interchange-market-7338
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Healthcare Electronic Data Interchange (EDI) Market Size 2020, Covid-19 Impact Analysis, Industry Size, Technology Trends, Business Opportunities, Top Company and Regional Statistics, Forecast to 2023 here
News-ID: 2088125 • Views: …
More Releases from Market Research Future
Americas Recycled Plastics Market: Opportunities For Higher Growth| Delta Plasti …
Global Americas Recycled Plastics Market Report from Market Research Forecast highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions…
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
More Releases for EDI
Global Healthcare EDI Market
New Jersey, United States: In the recently published financial credit Healthcare EDI Market by Stratagem Markets Insights, market buildup will continue throughout the predicted time of 2021-2028. The report contains data in this area and the latest trends in the proclamation. An overview of key song aspects is summarized, subsequent to inflection as regards the leading markets, the highest demands, and applications of top key players. The append contains push…
Healthcare EDI Market: Opportunities and Challenges
The Global Healthcare EDI Market is valued at USD 2.56 billion in 2017 and is expected to reach to USD 3.77 billion by 2022 growing at a CAGR of 8.1% during the forecast period (2017 to 2022), as per a report by MarketsandMarkets.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130571438
Why increase in outsourcing of EDI services presents an opportunity?
EDI outsourcing is the process of having a third party manage a part or the…
Electronic Data Interchange (EDI) Market - Increase In Requirement of EDI In Sma …
Electronic data interchange (EDI) refers to transaction of business documents in a standard electronic format between business partners. For instance, common documents that are exchanged with the help of EDI are invoices, advance ship notices, and purchase orders. However, there are several other documents such as inventory documents, bill of lading, customs documents, payment documents, and shipping status documents. Electronic data interchange helps organizations to standardize the interchange of data…
Healthcare EDI Market - Size, Share, Outlook
Increasing digitization and paperless office is enhancing the growth of healthcare EDI market. Conventionally, data transfer was subjected to paper-based communication, increasing the chance of human error and making the workflow cumbersome. Henceforth, EDI is an essential component for creating administrative efficiencies by reducing time and significant cost saving.
The healthcare industry explored EDI to address the challenges of reducing healthcare cost and replacing paper-based transaction with standard electronic transaction. Moreover,…
Healthcare EDI Industry Analysis, Market Size, Trends, Status and Forecast 2022 …
The Global Healthcare EDI Market has been comprehensively detailed in the report with special focus on a range of key elements such as market share, forecast and base figures, CAGR, driving factors, growth restraints, and business opportunities. Buyers of the report are expected to be informed about significant improvements in the market and its future outlook. This could help them to take intelligent decisions when operating in the business. In…
POOL4TOOL Founds Subsidiary Focused on EDI
Vienna | Haid, October 15, 2013 – POOL4TOOL responds to the increasing demand for EDI connections to the supply base portal. The solution provider has founded the subsidiary “POOL4TOOL EDI powered by GDP”, in order to efficiently connect as many suppliers as possible in the future. Together with Global Digital Post (GDP), POOL4TOOL is planning additional support measures for businesses.
POOL4TOOL, a solutions provider for purchasing optimization, is working together with…
