Press release
Expanding Healthcare EDI Market: Riding on Growth Drivers and Tech Trends towards $8.95 Billion by 2029
Healthcare EDI Market
What Is The Projected Market Size Of The Global Healthcare EDI Market And Its Growth Rate?
o The healthcare EDI market, currently valued at $5.1 billion (2024), is projected to reach $5.63 billion in 2025 with a notable CAGR of 10.4%.
o The market is further expected to soar up to $8.95 billion by 2029, exhibiting a substantial CAGR of 12.3%.
o Factors such as telehealth expansion, data standardization, and data privacy and security aid the vibrant market growth.
What Is Driving The Growth In The Healthcare EDI Market?
Increased government support is a major driving force behind the growth of the healthcare EDI market. Use of EDI in healthcare enhances information sharing between various departments and branches in super-specialty hospitals, promoting efficiency and coordination. Growing government investments in the healthcare industry, such as the NHS's funding initiative of USD 164.71 million to promote digital adoption in healthcare, also help develop superior equipment and enhance services, leading to increased demand for healthcare EDI solutions.
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Who Are the Key Players Driving Healthcare EDI Market Growth?
o McKesson Corporation
o Optum Inc.
o Allscripts
o GE Healthcare
o Cognizant Technology Solutions India Pvt Ltd.
o Cerner Corporation
o Dell Technologies Inc.
o The SSI Group
o Tallan Inc.
o Quadax Inc.
o AthenaHealth
o MuleSoft LLC
o Boomi Inc.
o Change Healthcare Inc.
o Conduent Inc.
What Are The Key Trends In The Healthcare EDI Market?
Market trends that are fostering growth include:
o Interoperability standards
o Prior authorization automation
o Blockchain for secure data exchange
o Mobile EDI solutions
o AI for claim scrutiny
What Are The Segments Of The Global Healthcare EDI Market?
The healthcare EDI market can be segmented as follows:
o By Component: Software, Hardware, Services
o By Transaction: Claim Management, Healthcare Supply Chain, Other Transactions
o By Mode of Delivery: Mobile, VAN, Web and Cloud-based, Point-to-point
o By End User: Healthcare Provider, Payer, Pharmacies, Other End Users
Which Region Leads The Healthcare EDI Market?
North America dominated the healthcare EDI market in 2024 and the trend is projected to continue. On the other hand, Asia-Pacific is anticipated as the fastest-growing region in the upcoming years as it embraces advancements in healthcare technologies.
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What Is Covered In The Healthcare EDI Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare EDI Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare EDI Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare EDI Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare EDI Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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