Healthcare electronic data interchange (EDI) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 7,543.67 million by 2028 growing at a CAGR of 9.09% in the above-mentioned forecast period.
By employing most consistent and latest market research tools and technologies, Healthcare Electronic Data Interchange market report is generated which helps client stay ahead of the competition. The report is very important for clients to save cost overheads and to concentrate on their core competencies. The report comprises of watchfully researched business data having vital market factors such as key demographic and cultural research that will assist to know where to successfully market the business. Industry experts and proficient research team thrives to find the targeted information while generating Healthcare Electronic Data Interchange market research report.
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The Major Players Covered In The Healthcare Electronic Data Interchange (EDI) Market Report Are
- McKesson Corporation;
- Optum, Inc.;
- Allscripts Healthcare, LLC;
- NXGN Management, LLC;
- Experian plc; Cognizant;
- Cerner Corporation.;
- SYNNEX Corporation.;
- Dell; The SSI Group, LLC;
- Waystar Health.;
- Comarch SA.;
- Axway; PLEXIS Healthcare Systems;
- Archer Software;
- B2BGateway; DiCentral.;
- 123 EDI; Quadax, Inc.
Global Healthcare Electronic Data Interchange (EDI) Market Scope and Market Size
Healthcare electronic data interchange (EDI) market is segmented on the basis of component, transaction type, delivery mode and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on component, the healthcare electronic data interchange (EDI) market is segmented into services, and solutions.
Healthcare electronic data interchange (EDI) market has also been segmented based on the end user into healthcare providers, healthcare payers, medical device and pharmaceutical industries, and pharmacies.
Based on transaction type, the healthcare electronic data interchange (EDI) market is segmented into claims management, and healthcare supply chain management. Claims management has been further segmented into claims submission, claim status, eligibility verification, payment remittance, referral certification and authorization, claim payments, and others.
On the basis of delivery mode, the healthcare electronic data interchange (EDI) market is segmented into web and cloud-based EDI, EDI van, point-to-point EDI, and mobile EDI.
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Global Healthcare Electronic Data Interchange (EDI) Market Drivers:
The growing awareness amongst the physicians and patients regarding the benefits of healthcare electronic data interchange (EDI) which will further create lucrative opportunities for the growth of the market.
Healthcare electronic data interchange (EDI) is a standardised way to share data that provides a secure electronic exchange of data between healthcare agencies, care providers, patients, and others. It offers data processing and healthcare claims processing with security and performance.
Surging volume of patients suffering from chronic diseases, rising need of efficient management required for healthcare claims, prevalence of favourable regulations for transaction processes, increasing adoption of healthcare EDI in various healthcare facilities and growing patient pool, development of web-based EDI that provides functionality such as data integrity and authentication, rising need to curtail healthcare costs are some of the major as well as vital factors which will likely to augment the growth of the healthcare electronic data interchange (EDI) market in the projected timeframe of 2021-2028.
On the other hand, introduction of ICD-11 guidelines along with increase in outsourcing of EDI services which will further contribute by generating massive opportunities that will lead to the growth of the healthcare electronic data interchange (EDI) market in the above mentioned projected timeframe.
Global Healthcare Electronic Data Interchange (EDI) Market Restraints:-
Increasing concern regarding data security along with high implementation cost of EDI software which will likely to act as market restraints factor for the growth of the healthcare electronic data interchange (EDI) market in the above mentioned projected timeframe.
Lack of awareness about healthcare EDI especially in developing economies along with integration between various HCIT solutions within the healthcare industry which will become the biggest and foremost challenge for the growth of the market.
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Major Insights of the Report
- To describe and forecast the Healthcare Electronic Data Interchange market, in terms of value, by process, product type, and industry.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Healthcare Electronic Data Interchange Market
- The key findings and recommendations highlight crucial progressive industry trends in the Healthcare Electronic Data Interchange Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Healthcare Electronic Data Interchange market
- The report offers market share appraisals for regional and global levels
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