Market Overview:
The global healthcare EDI market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for integrated healthcare EDI systems and the rising need for secure and efficient data exchange between hospitals, clinics, and other healthcare providers. North America is expected to lead the global healthcare EDI market in terms of revenue during the forecast period, followed by Europe. Asia Pacific is projected to be the fastest-growing region in this market during the forecast period.
Product Definition:
Healthcare EDI is the electronic exchange of healthcare information between organizations. This information can include patient demographics, insurance information, provider data, and more. Healthcare EDI is important because it allows for the quick and accurate exchange of healthcare information between organizations. This can help to improve the quality of care patients receive by ensuring that providers have up-to-date information about their patients. Additionally, healthcare EDI can help to reduce administrative costs by automating many manual processes.
Stand-alone Systems:
Stand-alone systems are electronic data interchange formats that can be used for the purpose of obtaining clinical information. They are independent of any specific application and can be processed by different applications. Stand-alone EDI is a standard format which includes general header, transaction message, and trailer fields. It uses Extensible Markup Language (XML) as its underlying communication protocol enabling interoperability among various applications and servers across diverse industries.
Integrated Systems:
Integrated systems are the set of hardware and software components that work together to provide a solution for clinical information flow. It is used in healthcare Electronic Data Interchange (EDI) market to streamline business processes between insurance companies, providers, pharmacies and patients. EDI helps reduce administrative costs by automating data transfer among various entities involved in a transaction such as claims processing, payment processing & settlement and account management.
Application Insights:
The market is segmented into hospitals, clinics and other. The hospitals segment dominated the overall application market in 2017 owing to factors such as increasing prevalence of chronic diseases and rising geriatric population. Furthermore, government initiatives such as ¢â‚¬Å“Hospital E-Discovery¢â‚¬ are expected to increase the demand for healthcare EDI systems in hospitals over the forecast period.
The clinics segment is anticipated to witness a lucrative CAGR of XX% from 2018 to 2030 due to factors such as an increase in number of walk-in clinics and free-standing emergency rooms across various regions coupled with a rise in disposable income levels among consumers globally. Moreover, an increase in spending on medical care by companies for treatment costs incurred by employees at their end-of-year bonus payments is also estimated drive growth during this period.
Other applications include pharmacies, imaging centers.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing adoption of advanced technologies, high healthcare expenditure, and rising awareness about the importance of information technology for effective management of healthcare records. Moreover, presence of a large number of players in this region is expected to create opportunities for new entrants over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions and rising investments by governments & private sector companies in order to improve patient care & safety standards and reduce medical errors. Furthermore, growing penetration rates for telehealth services are further expected fuel demand across this region during the forecast period. ‘’ ‘’ ‘’ â“““—Å¡¡¡—Å© 2013 Act OpenText Inc.
Growth Factors:
- Increasing demand for EDI services from healthcare providers to improve the efficiency of their operations and to reduce costs.
- The growing use of health information exchanges (HIEs) and other regional or national healthcare information networks, which will create more demand for EDI services.
- The increasing use of electronic medical records (EMRs) by healthcare providers, which will lead to more transactions being sent electronically between providers and suppliers.
- The increasing number of states that are mandating the use of health insurance claim forms that are compatible with EDI standards, which will create more demand for EDI services from suppliers and payers alike.
- The increasing number of businesses that are providing cloud-based EDI solutions, which makes it easier for small and medium-sized businesses to take advantage of EDI technology without having to invest in their own infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare EDI Market Research Report
By Type
Stand-alone Systems, Integrated Systems
By Application
Hospitals, Clinic, Other
By Companies
Epic Systems Corporation, eClinicalWorks, Practice Fusion, NextGen Healthcare, Allscripts, Cerner, MEDITECH, General Electric Healthcare IT, Athenahealth, McKesson, AmazingCharts, e-MDs, Care360, Vitera
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare EDI Market Report Segments:
The global Healthcare EDI market is segmented on the basis of:
Types
Stand-alone Systems, Integrated Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Epic Systems Corporation
- eClinicalWorks
- Practice Fusion
- NextGen Healthcare
- Allscripts
- Cerner
- MEDITECH
- General Electric Healthcare IT
- Athenahealth
- McKesson
- AmazingCharts
- e-MDs
- Care360
- Vitera
Highlights of The Healthcare EDI Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stand-alone Systems
- Integrated Systems
- By Application:
- Hospitals
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare EDI Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare EDI is an electronic health record (EHR) system that allows healthcare providers to share patient information electronically. Healthcare EDI helps to improve the efficiency and accuracy of patient care by allowing providers to communicate with each other about patients' medical records, treatments, and medications.
Some of the major players in the healthcare edi market are Epic Systems Corporation, eClinicalWorks, Practice Fusion, NextGen Healthcare, Allscripts, Cerner, MEDITECH, General Electric Healthcare IT, Athenahealth, McKesson, AmazingCharts, e-MDs, Care360, Vitera.
The healthcare edi market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare EDI Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare EDI Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare EDI Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare EDI Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare EDI Market Size & Forecast, 2020-2028
4.5.1 Healthcare EDI Market Size and Y-o-Y Growth
4.5.2 Healthcare EDI Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stand-alone Systems
5.2.2 Integrated Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare EDI Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare EDI Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stand-alone Systems
9.6.2 Integrated Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stand-alone Systems
10.6.2 Integrated Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stand-alone Systems
11.6.2 Integrated Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stand-alone Systems
12.6.2 Integrated Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stand-alone Systems
13.6.2 Integrated Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare EDI Market: Competitive Dashboard
14.2 Global Healthcare EDI Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Epic Systems Corporation
14.3.2 eClinicalWorks
14.3.3 Practice Fusion
14.3.4 NextGen Healthcare
14.3.5 Allscripts
14.3.6 Cerner
14.3.7 MEDITECH
14.3.8 General Electric Healthcare IT
14.3.9 Athenahealth
14.3.10 McKesson
14.3.11 AmazingCharts
14.3.12 e-MDs
14.3.13 Care360
14.3.14 Vitera
