The article cited AMA's "Global Healthcare EDI Market Study" explored substantial growth in North America and CAGR of 8.1%. According to the report, Growing Focus on Integration Platform as a Service (IPAAS)
is one of the primary growth factors for the market. Rising Patient Pool Particularly In Established Economies
is also expected to contribute significantly to the Healthcare EDI market growth. Overall, applications of Healthcare EDI, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Delivery Mode, such as Web- And Cloud-Based EDI, is boosting the Healthcare EDI market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Transaction Type, such as Claims Management [Claims Submission, Claim Status Requests, Eligibility Verifications, Payment Remittances, Referral Certification & Authorizations, Claim Payments, Other], is boosting the Healthcare EDI market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Software, is boosting the Healthcare EDI market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Healthcare Providers, is boosting the Healthcare EDI market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Healthcare EDI market identified that the demand is rising in many different parts of the world as "Huge Opportunity Due To Emergence of Big Analytics
". Furthermore, some recent industry insights like "In December 2023, The Royal College of Physicians of Edinburgh has launched a new equality, diversity and inclusivity (EDI) strategy." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Healthcare EDI market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Healthcare EDI market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Healthcare EDI market size is calculated using market estimation process, the Healthcare EDI market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Healthcare EDI market size has been validated using both top-down and bottom-up approaches.