openPR Logo
Press release

Healthcare Electronic Data Interchange Global Market Report 2024 by The Business Research Company | McKesson Corporation, Optum Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., NextGen Healthcare Inc., Experian plc, Cognizant Technology Solu

06-21-2024 03:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: the business research

Healthcare Electronic Data Interchange Market Trends

Healthcare Electronic Data Interchange Market Trends

The healthcare electronic data interchange market size has grown rapidly in recent years. It will grow from $4.8 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to regulatory compliance, administrative efficiency, cost reduction, error reduction, claims processing.

The healthcare electronic data interchange market size is expected to see rapid growth in the next few years. It will grow to $8.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to value-based care models, data standardization, data privacy and security, inter-organizational data sharing, pandemic preparedness. Major trends in the forecast period include real-time claims processing, prior authorization automation, blockchain for secure data exchange, data analytics and predictive modeling, ai for claim scrutiny.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=6940&type=smp

Healthcare Electronic Data Interchange Market Major Segments
The healthcare electronic data interchange market covered in this report 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

Key Driver - Rising Prevalence Of Chronic Diseases Fuels Growth In Healthcare Electronic Data Interchange Market

The increasing prevalence of chronic diseases is expected to propel the growth of the healthcare electronic data interchange market in the coming years. Chronic illnesses are long-term problems that cannot be avoided with immunizations, treated with medicine, or simply disappear. They endure over an extended period, usually three months or more. Healthcare EDI plays a critical role in the entire treatment of chronic illnesses by speeding up data sharing, enhancing administrative procedures, and facilitating effective communication. It assists healthcare practitioners and patients in coordinating treatment, monitoring conditions, and improving the general standard of care for those with chronic health issues. For instance, in March 2022, according to the Australian Bureau of Statistics, an Australia-based self-governing statutory institution responsible for data collection and analysis as well as factual recommendations, in Australia, over half of the entire population (46.6%, or 11.6 million people) had at least one chronic illness. Therefore, the increasing prevalence of chronic diseases is driving the healthcare electronic data interchange market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=6940&type=smp

Prominent Trend - Integration Of Advanced Technologies Redefining The Healthcare Electronic Data Interchange Market

The incorporation of advanced technologies into EDI systems is expected to be a key trend in the healthcare electronic data interchange market. 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 May 2022, NextGen Healthcare Inc., a US-based software firm that creates and sells electronic medical record software and practice administration solutions to the healthcare industry, launched NextGen Health Data Hub Insights. NextGen Health Data Hub Insights is a revolutionary information center and personalized analytics platform. The software is designed to make obtaining data, performing analytics, and report generation simpler for health information exchanges (HIEs) and medical professionals throughout the country, allowing them to give a more comprehensive picture of community and patient health. Based on the NextGen Health Data Hub, which allows clients to exchange community-wide data, this modern technology enables clients to further unlock the value of their information assets by offering tailored, near-immediate visualization capabilities as well as information at the point of care.

Healthcare Electronic Data Interchange Market Players
Major companies operating in the healthcare electronic data interchange market include McKesson Corporation, Optum Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., NextGen Healthcare Inc., Experian plc, Cognizant Technology Solutions, Cerner Corporation, Synnex Corporation, The SSI Group LLC, Waystar Health, Comarch SA., Axway Software, PLEXIS Healthcare Systems Inc., Archer Software, TrueCommerce B2BGateway, DiCentral Corporation, 123 EDI, Quadax Inc., Dell Technologies Inc., GE Healthcare, Quality Systems Inc., Epic Systems Corporation, eClinicalWorks, Practice Fusion, MEDITECH Inc., Care360 Pty Ltd., Vitera Ltd., IBM Corporation, Siemens Healthcare GmbH, Oracle Corporation, Infor Global Solutions

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/healthcare-electronic-data-interchange-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the healthcare electronic data interchange market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare electronic data interchange market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Healthcare Electronic Data Interchange Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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 Global Market Report 2024 by The Business Research Company | McKesson Corporation, Optum Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., NextGen Healthcare Inc., Experian plc, Cognizant Technology Solu here

News-ID: 3548869 • Views:

More Releases from the business research

Personal Computers Industry Overview Report To 2025 | Demand | Worldwide Analysis | Ongoing Trends | Growth
Personal Computers Industry Overview Report To 2025 | Demand | Worldwide Analysi …
New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports The global pcs market is expected to grow from $145.73 billion in 2020 to $161.93 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier
Boiler, Tank, And Shipping Container Market Size 2021 Demand, Global Trend, News, Business Growth, Top Key Players Update
Boiler, Tank, And Shipping Container Market Size 2021 Demand, Global Trend, News …
New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports The global boiler, tank, and shipping container market is expected to grow from $182.47 billion in 2020 to $207.77 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19
Transit And Ground Passenger Transport Market 2021: COVID-19 Impact, New Opportunities, Status, Global Outlook, Technology Advancements And Recent Trends
Transit And Ground Passenger Transport Market 2021: COVID-19 Impact, New Opportu …
New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports The global transit and ground passenger transport market is expected to grow from $412.7 billion in 2020 to $460.8 billion in 2021 at a compound annual growth rate (CAGR) of 11.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact,
Oil-Based Printing Inks Market Revised Forecast And New Future Business Insights Report 2020-2023
Oil-Based Printing Inks Market Revised Forecast And New Future Business Insights …
The Business Research Company offers " Oil-Based Printing Inks Global Market Report 2020" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares

All 5 Releases


More Releases for Health

Health Coach Market Positioned for Accelerated Growth with Iora Health, Virta He …
Global health coach market is estimated to be valued at USD 18.83 Bn in 2025 and is expected to reach USD 30.65 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032. Latest Report on the Health Coach Market 2025-2032, focuses on a comprehensive analysis of the current and future prospects of the Health Coach Market industry. An in-depth analysis of historical trends, future trends,
Digital Therapeutics Market Research 2025 Leading Key Players - Proteus Digital …
An exclusive Digital Therapeutics Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Digital Therapeutics Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report
Digital Therapeutics Market Outlook 2025 : Proteus Digital Health, Omada Health, …
ReportsWeb.com has announced the addition of the “Global Digital Therapeutics Market Size, Status and Forecast 2025” The report focuses on major leading players with information such as company profiles, product picture and specification. This report studies the global Digital Therapeutics market, analyzes and researches the Digital Therapeutics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market,
Digital Therapeutics Market Outlook to 2025 - Propeller Health, CANARY HEALTH, N …
The global digital therapeutics market is segmented on the basis of application, distribution channel, and geography. The application segment includes, respiratory diseases, central nervous system disease, smoking cessation, medication adherence, cardiovascular diseases, musculoskeletal diseases, and other applications. Based on distribution channel, the digital therapeutics market is segmented as, B2B and B2C. Digital therapeutics, a subset of digital health, is a health discipline and treatment option that utilizes a digital and
Digital Therapeutics Market Analysis 2018 | Growth by Top Companies: Proteus Dig …
Global Digital Therapeutics Market to 2025 This report "Digital Therapeutics Market Analysis to 2025" provides an in-depth insight of medical device industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. Digital therapeutics, a subset of digital health, is a health discipline and treatment option that utilizes a digital and often online health technologies to treat a medical or psychological condition. The treatment relies on behavioral and
Digital Therapeutics Market Global Outlook to 2025 - Proteus Digital Health, Wel …
“Digital Therapeutics Market" covers a detailed research on the industry with financial analysis of the major players. The report provides key information and detailed study relating to the industry along with the Economic Impact and Regulatory and Market Support. The report examines the industry synopsis, strategic investments, Industry Surveys, Economic Impact, etc. The market of digital therapeutics market is anticipated to grow with a significant rate in the coming years, owing