Product Code: GVR-1-68038-549-6
Healthcare Electronic Data Interchange Market Growth & Trends:
The global healthcare electronic data interchange market size is anticipated to reach USD 9.18 billion by 2030, according to a new report by Grand View Research, Inc.. The market is expected to expand at a lucrative CAGR of 9.6% from 2023 to 2030. The key factors driving the market growth include increasing initiatives by key companies, government support for healthcare IT coupled with a surge in the number of end-users, and increasing adoption of EDI. Healthcare EDI solutions from OSP help reduce administrative expenses, standardize the exchange of patient data, enhance security, and improve accuracy, among other benefits.
In 2010, the ObamaCare Act (the Affordable Care Act) was passed in the U.S., which mandated the use of enrolled/dis-enrolled transactions between the payers and providers in the U.S. Implementation of favorable policy such as the Health Insurance Portability & Accountability Act (HIPAA) to provide data privacy and security provisions to protect medical information is anticipated to propel the market growth. Increasing government funding for the EDI-Special Project congressional grants is befitting hospitals and non-profit organizations, thereby expected to foster market growth.
A surge in the number of end-users such as payers, providers, pharmaceutical & medical device industries, and others is anticipated to fuel the demand for EDI services or solutions during the market period. The healthcare payers use EDI for the evaluation of insurance claims before their payment settlement, prevention & detection of fraudulent claims to provide rapid services through collaborating with providers in order to gain a competitive advantage. As EDI facilitates secure communication for transmitting information between major healthcare stakeholders- payers, providers, and patients using established standards and message formats, it is estimated to grow notably in the coming years.
Healthcare Electronic Data Interchange Market Report Highlights:
- The Healthcare Electronic Data Interchange market was valued at USD 4.41 billion in 2022 and is expected to grow at a CAGR of 9.6% during the forecast period.
- The services segment dominated the market with the largest revenue share in 2022 owing to the rising rate of outsourcing electronic data interchange services by healthcare organizations and increasing demand for scalability and integrity of EDI solutions.
- The mobile EDI segment is expected to grow at the fastest CAGR of 10.4% over the forecast period owing to technological advancements in the healthcare industry and the increasing acceptance of mobile solutions among healthcare providers.
- North America dominated the market with the largest revenue share of 44.5% in 2022 owing to the higher adoption of Healthcare Information Technology (HCIT), and the presence of major market players such as McKesson Corporation, Optum, Inc.; The SSI Group, LLC; etc.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Component
- 1.1.2. Delivery Mode
- 1.1.3. End Use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Component outlook
- 2.2.2. Delivery mode outlook
- 2.2.3. End-use outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Healthcare Electronic Data Interchange Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.3. Healthcare Electronic Data Interchange Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic Landscape
Chapter 4. Healthcare Electronic Data Interchange: Component Estimates & Trend Analysis
- 4.1. Healthcare Electronic Data Interchange Market: Key Takeaways
- 4.2. Healthcare Electronic Data Interchange Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Services
- 4.3.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. Solutions
- 4.4.1. Solutions market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Healthcare Electronic Data Interchange: Delivery Mode Estimates & Trend Analysis
- 5.1. Healthcare Electronic Data Interchange Market: Key Takeaways
- 5.2. Healthcare Electronic Data Interchange Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Web and Cloud-based EDI
- 5.3.1. Web and cloud-based EDI market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. EDI value-added network (VAN)
- 5.4.1. EDI value-added network (VAN) market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Direct (Point-to-Point) EDI
- 5.5.1. Direct (point-to-point) EDI market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.6. Mobile EDI
- 5.6.1. Mobile EDI market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Healthcare Electronic Data Interchange: End Use Estimates & Trend Analysis
- 6.1. Healthcare Electronic Data Interchange Market: Key Takeaways
- 6.2. Healthcare Electronic Data Interchange Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Healthcare Payers
- 6.3.1. Healthcare payers market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Healthcare Providers
- 6.4.1. Healthcare provider's market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5. Pharmaceutical & Medical Device Industries
- 6.5.1. Pharmaceutical & medical device industries market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.6. Others
- 6.6.1. Other market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Healthcare Electronic Data Interchange Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Healthcare Electronic Data Interchange Market by Region: Key Takeaways
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.4. Italy
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.5. Spain
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.6. Sweden
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.7. Norway
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.8. Denmark
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.2. China
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.3. India
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.4. Australia
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.5. Thailand
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.6. South Korea
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.3. Argentina
- 7.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. South Africa
- 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.3. UAE
- 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.4. Kuwait
- 7.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. OSP
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. MCKESSON CORPORATION
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic Initiatives
- 8.2.3. NXGN Management, LLC
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Optum, Inc.
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. SSI Group LLC
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Cleo
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Oracle
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Epicor Software Corporation
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Effective Data
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. DataTrans Solutions
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives