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Discover the healthcare EDI market to grow at a CAGR of +7% by 2021

Discover the healthcare EDI market to grow at a CAGR of +7% by 2021

The growth of this market is driven by the rising need to reduce healthcare expenditure, the development of mandatory regulations for EDI transaction processes, and government support for HCIT implementation. However, data security and the high implementation cost of EDI software are expected to restrain the growth of this market to a certain extent during the forecast period.

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“Mobile EDI segment is expected to register the highest CAGR during the forecast period.”

On the basis of delivery mode, the healthcare EDI market is segmented into web & cloud-based EDI, EDI VAN, point-to-point EDI, and mobile EDI. The mobile EDI segment is expected to register the highest CAGR during the forecast period owing to the technological upgrades in the healthcare industry and growing acceptance of mobile solutions among healthcare providers.

“Healthcare payers segment is expected to grow at the highest CAGR during 2017 to 2021.”

Based on end user, the healthcare EDI market is segmented into healthcare providers, healthcare payers, medical device & pharmaceutical industry, and pharmacies. The healthcare payers segment is expected to grow at the highest CAGR during the forecast period due to the increasing number of private insurance players in the market.

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The market to grow at a CAGR of +7% by 2021

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The report analyzes the various types of solutions and services and their adoption pattern. It aims at estimating the market size and future growth potential of the global healthcare EDI market for different segments such as component, delivery mode, transaction type, end user, and region.

The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

North America accounted for the largest share of the healthcare EDI market in 2016, followed by Europe and Asia-Pacific. Factors such as the high adoption rate of HCIT technologies, regulatory requirements regarding patient safety, the presence of a large number of HCIT companies in the region, and growing demand for innovative IT solutions to streamline workflows are contributing to the large share of North America.

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Divided by region, this study report is segmented into numerous key sections, with production, consumption, revenue, market share and progress rate of the regions Europe, North America, Asia Pacific, MEA, and ROW are mentioned in this report. As mentioned about the regions, a comprehensive regional classification of the market is also included herein.

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