Industry Background:
Growing adoption of healthcare EDI in various healthcare facilities will help to boost global healthcare EDI market. Healthcare Electronic Data Interchange (H-EDI) is used to manage patient data, such as emergency services records, patient history records, and medication data in the healthcare industry. It is defined as an organized way to transfer data between computer systems, governed by agreed standards. It helps healthcare professionals in handling huge data in a systematic, efficient, and easily accessible manner.
According to AMA Research, the market for Healthcare EDI is expected to register a CAGR of 8.1% during the forecast period to 2030. This growth is primarily driven by Rising Patient Pool Particularly In Established Economies
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as McKesson Corporation (United States), GE Healthcare (United States), SSI Group, LLC (United States), Cerner Corporation (United States), Allscripts Healthcare Solutions Inc. (United States), Cognizant Technology Corporation (United States), Comarch SA (Poland), Axway Software SA (France), Quality Systems Inc. (United States) and Optum Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2018, GE Healthcare has launched new applications and smart devices built on Edison, a platform that helps accelerate the development and adoption of Artificial Intelligence (AI) technology and empower providers to deliver faster, more precise care.
In December 2023, The Royal College of Physicians of Edinburgh has launched a new equality, diversity and inclusivity (EDI) strategy.Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Growing Focus on Integration Platform as a Service (IPAAS) and High Adoption of Web-Based EDI That Offers Data Integrity and Authentication
Market Growth Drivers:
Rising Patient Pool Particularly In Established Economies and Favorable Policy Implementation
Challenges:
Rising Technical Issues Associated To These Systems Can Lead To a Loss of Data and Increasing Concerns Related To Data Security
Restraints:
Limited Technological Access and Lack of Awareness in Rural and Underdeveloped Regions and High Costs Associated With Deployment of Healthcare EDI
Opportunities:
Huge Opportunity Due To Emergence of Big Analytics and Fueling Use of EDI in Healthcare Manufacturing/ Distribution Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Healthcare EDI Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Healthcare EDI Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Healthcare EDI players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Healthcare EDI Study Sheds Light on
The Healthcare EDI Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Healthcare EDI industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Healthcare EDI industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.