Healthcare Electronic Data Interchange Market Size, Share, By Component [Software, Hardware, Services (Claims Management and Healthcare Supply Chain)], By Delivery Mode (Web and Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By End

Healthcare Electronic Data Interchange Market Size, Share, By Component [Software, Hardware, Services (Claims Management and Healthcare Supply Chain)], By Delivery Mode (Web and Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By End User (Healthcare Providers, and Healthcare Payers) and By Region - Trends, Analysis and Forecast till 2034

Healthcare electronic data interchange market size was valued at USD 4.28 Billion in 2024 and is expected to reach USD 10.6 Billion by 2034 growing at a CAGR of 10.5%.

Growing government support for various healthcare facilities coupled, with rising patient pool especially in developed economies are key factors driving growth of the global healthcare electronic data interchange market. In addition, pharmaceutical companies are growing adoption and benefits of EDI software such as cost savings, faster processing, standardization, improved productivity, and funding policies. These factors are expected to fuel growth of the global market over the forecast period.

Moreover, enhancement in web-based EDI that provides functionality such as data integrity and authentication is another factor expected to boost the growth of the global market over the forecast period. Technological advancements in healthcare EDI are expected to create major opportunities for the global healthcare electronic data interchange market growth over the forecast period.

Key Highlights:

• In June 2019, GE Healthcare introduced it’s first-ever MRI technology for patients in the most remote regions to help the Norton Sound Health Corporation (NSHC)
• In June 2019, Cognizant announced an agreement to acquire Zenith Technologies which is a privately held life sciences manufacturing technology services company. Zenith Technologies allows the implementation of digital technologies to control, manage, and optimize drug and medical device production for maximum operational efficiency and regulatory compliance.

Key Market Insights from the report:

The market report has been segmented on the basis of delivery mode, transaction type, end-user, and region.

• By delivery mode, the global healthcare electronic data interchange market is segmented into web & cloud-based EDI, mobile EDI, EDI value-added network (VAN), and direct EDI. The web & cloud-based EDI segment delivery mode segment is considered to occupy a significant share owing, to the non-requirement of software installations and the low cost of web and cloud-based EDI.
• By transaction type, the global healthcare electronic data interchange market is bifurcated into claims management and healthcare supply chain.
• By end-user, the global healthcare electronic data interchange market is categorized into healthcare providers, healthcare payers, pharmacies, and medical device & pharmaceutical industries. The healthcare payer’s end-user segment is considered to occupy the highest global market share, owing to the rising adoption of EDI by the clinicians and physicians for financial management.
• By region, the global market in North America is expected to account for the largest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to the healthcare industry to streamline workflows, owing to increasing demand for advanced IT solutions in countries in the region. The global market in Europe is expected to account for the second-highest share in terms of revenue, owing to increasing government investment and initiatives for the development of the healthcare industry in the region. Moreover, the global market in Asia Pacific is expected to register significant growth over the forecast period, owing to the increasing patient pool and the growing need to manage large volumes of patient data in China, Japan, and India.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on the "Global Healthcare Electronic Data Interchange Market”, By Delivery Mode (Web & Cloud-based EDI, Mobile EDI, EDI Value Added Network, and Direct EDI), By Transaction Type (Claims Management and Healthcare Supply Chain), By End-User (Healthcare Providers, Healthcare Payers, Pharmacies, and Medical Device & Pharmaceutical Industries), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2034"

The prominent players operating in the global healthcare electronic data interchange market include GE Healthcare, Inc., McKesson Corporation, Allscripts Healthcare Solutions, Inc., Cognizant Technology Corporation, SSI Group LLC, Cerner Corporation, Comarch SA, Axway Software SA Optum, Inc., and Dell Technologies, Inc.