The global healthcare EDI market size was estimated to be USD 4.3 billion in 2023 and is expected to reach at USD 12 billion by 2033 with a CAGR of 9.8% during the forecast period 2023-2033. Increasing adoption of electronic health records (EHRs), growing emphasis on value-based care and population health management, rising technological advancements, and cost reduction and operational efficiency will drive the market growth.
Technology developments like cloud computing, AI, and machine learning have improved the capabilities of healthcare EDI solutions. These innovations promote EDI adoption in the healthcare sector by enabling real-time data interchange, predictive analytics, and automated decision-making. For instance, Optum released Optum Intelligent EDI in May 2021, a solution that makes use of artificial intelligence and machine learning to increase the speed and accuracy of processing healthcare claims and managing payments.
By component, services was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the increasing demand for implementation, consulting, training, support, and managed services related to EDI solutions. For instance, Cognizant purchased Linium, a top provider of EDI services, in April 2021 to bolster its healthcare products and increase its capacity for claims processing and revenue cycle management. Solutions will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the increasing adoption of advanced EDI software and platforms by healthcare organizations.
By delivery mode, web and cloud-based EDI was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to its numerous advantages and increasing adoption by healthcare organizations. For instance, Change Healthcare and Google Cloud established a partnership in February 2021 to create and deliver healthcare EDI solutions using Google Cloud's safe and scalable infrastructure. Mobile EDI will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the growing use of mobile devices in healthcare settings and the need for on-the-go access to critical patient and administrative data.
By end-user, healthcare payers was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to their significant investment in EDI systems and the increasing adoption of electronic claims processing and payment systems. For instance, McKesson successfully sold its Enterprise Information systems division to Allscripts Healthcare Solutions, Inc. in January 2021. This division featured healthcare EDI systems. Healthcare providers will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to their increasing adoption of electronic data interchange (EDI) solutions to optimize their administrative and clinical processes.
Technology developments like cloud computing, AI, and machine learning have improved the capabilities of healthcare EDI solutions. These innovations promote EDI adoption in the healthcare sector by enabling real-time data interchange, predictive analytics, and automated decision-making. For instance, Optum released Optum Intelligent EDI in May 2021, a solution that makes use of artificial intelligence and machine learning to increase the speed and accuracy of processing healthcare claims and managing payments.
By component, services was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the increasing demand for implementation, consulting, training, support, and managed services related to EDI solutions. For instance, Cognizant purchased Linium, a top provider of EDI services, in April 2021 to bolster its healthcare products and increase its capacity for claims processing and revenue cycle management. Solutions will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the increasing adoption of advanced EDI software and platforms by healthcare organizations.
By delivery mode, web and cloud-based EDI was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to its numerous advantages and increasing adoption by healthcare organizations. For instance, Change Healthcare and Google Cloud established a partnership in February 2021 to create and deliver healthcare EDI solutions using Google Cloud's safe and scalable infrastructure. Mobile EDI will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the growing use of mobile devices in healthcare settings and the need for on-the-go access to critical patient and administrative data.
By end-user, healthcare payers was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to their significant investment in EDI systems and the increasing adoption of electronic claims processing and payment systems. For instance, McKesson successfully sold its Enterprise Information systems division to Allscripts Healthcare Solutions, Inc. in January 2021. This division featured healthcare EDI systems. Healthcare providers will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to their increasing adoption of electronic data interchange (EDI) solutions to optimize their administrative and clinical processes.
Global Healthcare EDI Market, By Region (USD Billion)
North America was the highest revenue-grossing segment in the global healthcare EDI market in 2022 owing to its large patient population, robust healthcare infrastructure, and the presence of major generic pharmaceutical companies. For instance, in September 2020, GE Healthcare joined forces with Edison HealthLink, a partnership between GE Healthcare and Edison Nation Medical, to create an EDI platform that facilitates safe data transmission and interoperability among healthcare systems. Asia Pacific will be the fastest revenue-grossing segment in the global healthcare EDI market in 2022 owing to the region's large and growing population, increasing healthcare spending, and rising demand for affordable medications.Global Services Market (USD Billion), 2023 & 2033
This comprehensive research report focuses on the global and regional market size and forecasts from 2022 to 2033.Report Scope:
- Base Year: 2022
- Forecast Period: 2023-2033
- Study Coverage
- Market Forecast by Component, Delivery mode, End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement
Segmentation: Healthcare EDI Market Report 2022-2033
Healthcare EDI Market Analysis & Forecast by Component 2022-2033 (Revenue USD Bn)
- Services
- Solutions
Healthcare EDI Market Analysis & Forecast by Delivery Mode 2022-2033 (Revenue USD Bn)
- Web and Cloud-based EDI
- EDI Value Added Network (VAN)
- Direct (Point-to-Point) EDI
- Mobile EDI
Healthcare EDI Market Analysis & Forecast by End-User 2022-2033 (Revenue USD Bn)
- Healthcare Payers
- Healthcare Providers
- Pharmacies
Healthcare EDI Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin American
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Healthcare EDI Market: Component Estimates & Trend Analysis
8. Healthcare EDI Market: Mode of Delivery Estimates & Trend Analysis
9. Healthcare EDI Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Healthcare EDI Market
12. Europe Global Healthcare EDI Market
13. Asia Pacific Global Healthcare EDI Market
14. Latin America Global Healthcare EDI Market
15. MEA Global Healthcare EDI Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- McKesson Corporation
- Optum, Inc. (a subsidiary of UnitedHealth Group)
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- athenahealth, Inc.
- Change Healthcare Holdings, Inc.
- NextGen Healthcare, Inc.
- GE Healthcare
- Emdeon Inc. (a subsidiary of Change Healthcare Holdings, Inc.)
- eClinicalWorks LLC
- Conduent Incorporated
- Zirmed, Inc. (a subsidiary of R1 RCM Inc.)
- Experian Health, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 12 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
