Global Healthcare EDI Market, By Component Type (Hardware, Software, Services), By Mode of Delivery

Published Date: | Report Code : HC1929504

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Healthcare EDI Market growth is expected to gain high momentum during the forecast period due to increases data quality by 30% to 40% and reduces errors in transactions. Healthcare data management holds a crucial position; it helps in managing data of patients, their medication details, and emergency services record. Healthcare professionals require systems that can manage data in an efficient way. In order to achieve this, electronic data interchange (EDI) is being used across the healthcare industry to maintain a database of patients, insurance and reimbursement data management, clinical trials, and regulatory data management.

Before the implementation of the Healthcare Insurance Portability and Accountability Act (HIPAA), data management was carried out manually. However, in recent times, the healthcare system has changed and a structured technique has been introduced to progress processes with fewer human interactions. It is critical for healthcare organizations to comply with ANSI standards and HIPAA regulations. This has resulted in increased demand in electronic data interchange (EDI) market.

Segment Analysis

Based on component type, the healthcare EDI market has been segmented into hardware, software, and services. The software component type segment is expected to grow steadily during the forecast period. Based on mode of delivery type, the healthcare EDI market has been divided into EDI VAN, Mobile EDI, Web-based EDI & Cloud-based EDI, and Others. Based on the transaction type, the market has been segmented into the healthcare supply chain, claim management, and others. On the basis of end user, the market has been segmented into pharmaceutical companies, healthcare payers, healthcare providers, and others. The healthcare EDI market has been studied for North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Rest of the World. An increasing number of chronic diseases and augmentation in healthcare are some other factors driving the market.

The market is competitive in nature. The key market players include GE Healthcare, SSI Group Inc., Capario Inc., Passport Health Communication Inc., Siemens Healthcare, and Optum Inc., ZirMed Inc., Allscripts Healthcare Solutions Inc., Emdeon Inc., Tallan Inc., and OthersThe companies are engaged in new product launch, merger, and acquisitions, regional expansions in order to retain the market share.

Key Factors Impacting Market Growth:

  • Helps in data security and data integration
  • Accurate and quick medical billing
  • Increases data quality by 30% to 40% and reduces errors in transactions
  • EDI helps to reduce the order-to-cash cycle
  • EDI in healthcare improves business partner transactions

Regional Outlook:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the healthcare EDI market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for healthcare EDI market during the forecast period. 

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for healthcare EDI market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for healthcare EDI market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for healthcare EDI during the forecast period.

Companies Covered: GE Healthcare, SSI Group Inc., Capario Inc.,Passport Health Communication Inc.,Siemens Healthcare, and Optum Inc., ZirMed Inc., Allscripts Healthcare Solutions Inc., Emdeon Inc., Tallan Inc., and others

Market Segmentation:

By Component Type:

  • Hardware
  • Software
  • Services

By Mode of Delivery Type:

  • EDI VAN
  • Mobile EDI
  • Web-based EDI & Cloud-based EDI
  • Others

By Transaction Type:

  • Healthcare Supply Chain
  • Claim Management
  • Claim Submission
  • Claim Status
  • Payment Remittance
  • Eligibility Verification
  • Claim Payments
  • Referral Certification & Authorization
  • Others

By End User:

  • Pharmaceutical Companies
  • Healthcare Payers
  • Healthcare Providers
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Component Type
    • By Mode of Delivery Type
    • By Transaction Type
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Component Type
    • By Mode of Delivery Type
    • By Transaction Type
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Component Type
    • By Mode of Delivery Type
    • By Transaction Type
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Component Type
    • By Mode of Delivery Type
    • By Transaction Type
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Component Type
    • By Mode of Delivery Type
    • By Transaction Type
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Component Type
    • By Mode of Delivery Type
    • By Transaction Type
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the healthcare EDI market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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