Market Outlook: The Magnificent Evolution of Healthcare Electronic Data Interchange Industry || McKesson Corporation, Optum Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Healthcare Electronic Data Interchange Global Market Report 2023 identifies increase in demand for electronic data interchange (EDI) in the healthcare industry is the major driver for the healthcare electronic data interchange market's growth in the forecast period. Electronic data interchange is the electronic interchange of business information utilising a standardised format. The electronic data interchange offers benefits such as preventing and detecting fraud; tracking delivery; sharing documents in real-time; and the potential for future cost savings is motivating the public and private sectors to adopt EDI. For instance, in November 2020, Germany made it compulsory to submit electronic invoices to the direct federal administration using the Federal Central Invoice Submission Portal (ZRE) and to the indirect federal administration, such as authorities and foundations under public law, using the Federal Invoice Submission Portal.

The global healthcare electronic data interchange market size grew from $4.22 billion in 2022 to $4.69 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare electronic data interchange market is expected to grow to $7.06 billion in 2027 at a CAGR of 10.7%.

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Major competitors in the healthcare electronic data interchange market are McKesson Corporation, Optum Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., NextGen Healthcare Inc., Experian plc, Cognizant Technology Solutions.

A key trend in the healthcare electronic data interchange market introducing advanced technologies into EDI systems. Major companies are integrating EDI solutions with new technologies such as APIs, AI, and Blockchain. Advanced technologies increase the agility and connectivity of EDI solutions, which further saves cost and time. For instance, in April 2020, Data Communications Solutions (DCS), a US-based provider of electronic data interchange (EDI) consulting services, partnered with Cleo, a US-based integration software provider, to assist organisations in modernising their B2B initiatives by focusing on EDI and API integration, specifically for ERP systems, through the Cleo integration cloud platform, a platform with unique features purpose-built to build, design, operate, and optimise critical supply-chain integration processes.

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The healthcare electronic data interchange market is segmented -

1) By Component: Services, Solution

2) By Delivery Mode: Web and Cloud-based EDI, EDI Value Added Network (VAN), Direct (Point-to-Point) EDI, Mobile EDI

3) By End-Use: Healthcare Payers, Healthcare Providers, Pharmaceutical and Medical Device Industries, Other End-Uses

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the healthcare electronic data interchange market

The Business Research Company's "Global Healthcare Electronic Data Interchange Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Healthcare Electronic Data Interchange Market Include:
1. Executive Summary
2. Healthcare Electronic Data Interchange Market Characteristic
3. Healthcare Electronic Data Interchange Market Trends And Strategies
4. Healthcare Electronic Data Interchange Market - Macro Economic Scenario
5. Healthcare Electronic Data Interchange Market Size And Growth
……………
27. Healthcare Electronic Data Interchange Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare Electronic Data Interchange Market
29. Healthcare Electronic Data Interchange Market Future Outlook And Potential Analysis
30. Appendix

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