Healthcare Electronic Data Interchange (EDI) Market 2022 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2030

SDKI Inc. published a new report on the Global Healthcare Electronic Data Interchange (EDI) Market. This study includes the statistical and analytical approaches needed to grow the healthcare EDI market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-110337

The healthcare EDI market is estimated to reach US $ 5.46 billion by 2030 from a market value of US $ 3.23 billion in 2022 and is expected to grow at a CAGR of 7.8% during the 2022-2030 forecast period.

Healthcare EDI utilizes a technology called Electronic Data Interchange (EDI). .. With the help of EDI, organizations can transfer data according to standardized formats. Healthcare EDI utilizes specific standards designed specifically for the healthcare industry. It provides secure and performance data processing and medical bill processing.

Tighter regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) to provide data privacy and security, will drive the growth of the healthcare EDI market. This is primarily a federal law designed to protect sensitive information about a patient's health from being disclosed without the consent and knowledge of the patient. Therefore, this factor may increase adoption of healthcare EDI around the world. In addition, increased spending by end users such as the pharmaceutical and medical device industries is expected to drive demand for healthcare EDI. This is because EDI provides these sectors with specific benefits such as rapid and accurate recording and exchange of data such as batch numbers, expiration dates, and other product-specific information, faster delivery times, and superior product traceability. is.

Sample URL of the report
https://www.sdki.jp/sample-request-110337

However, the high cost of establishing and implementing EDI software could curb the growth of the healthcare EDI market during the 2022-2030 forecast period.

Global market growth can be attributed to various significant advances in the healthcare industry to promote health through the development of three basic parameters: detection, prevention, and treatment. These parameters are needed to measure health, quality of life, and the overall health system. In addition, rising medical costs are driving market growth. According to the Organization for Economic Co-operation and Development (OECD) statistics, Japan's total per capita health care costs (government, compulsory health insurance, voluntary health insurance) increased from US $ 4297.13 in 2016 to US $ 4823 in 2019. Similarly, in the United States, it increased from $ 9880.16 to $ 11072 in 2019. Germany has witnessed an increase from $ 5668 to $ 6646, and the United Kingdom has observed growth from $ 3990 to $ 4653.05 during the above period. Globally, healthcare costs are projected to grow at a CAGR of approximately 5% between 2020 and 2024.

Advances in the healthcare sector are estimated to provide lucrative business opportunities for key players to take advantage of these opportunities in the coming years. In addition, there are several initiatives taken by healthcare professionals and government agencies to overcome some challenges (unreachable and affordable medical services, lack of investment in health care, trained doctors and nurses, etc.). It is expected to boost market growth during the forecast period.

Healthcare Electronic Data Interchange (EDI) Market Segment

The healthcare EDI market is divided by component (services, solutions), transaction type (claim management, complaint filing), delivery mode (web / cloud-based EDI, EDI VAN, mobile EDI), and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview of the Healthcare Electronic Data Interchange (EDI) Market

The Asia Pacific region is an important region of the world in terms of market share. This is due to the growing aging population and the chronic illnesses in it. Meanwhile, the North American healthcare EDI market is expected to witness the highest growth rates during the forecast period (2022-2030). This is due to the increasing adoption of medical information technology (HCIT). The growing demand for advanced IT solutions in the healthcare industry to streamline workflows in the region is also a key driver of the growth of the healthcare EDI market in the region.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Details of the survey report
https://www.sdki.jp/reports/healthcare-electronic-data-interchange-edi-market/110337

Key Players

The Healthcare Electronic Data Interchange (EDI) Market Key players in the Healthcare EDI market include McKesson Corporation, Optum, Allscripts Healthcare Solutions Inc., Athenahealth, Nextgen Healthcare, Cognizant Technology Corporation, SSI Group, LLC , Cerner Corporation, Comarch SA, Axway Software SA, Optum Inc. and more. The survey includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the healthcare EDI market.

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SDKI Inc. Company Profile

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This release was published on openPR.