Bharat Book Bureau Provides the Treding Market Research Report on "Global Healthcare Electronic Data Interchange (EDI) Market Size study, by Component (Service, Solutions), by transaction Type (Claims Management, Claims Submission), Delivery Mode (Web & Cloud-based EDI, EDI VAN, Mobile EDI) and Regional Forecasts 2020-2027" under Media & Technology Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

Global Healthcare EDI Market is valued approximately at USD 2.78 billion in 2019 and is anticipated to grow with a growth rate of more than 7.8% over the forecast period 2020-2027. Healthcare EDI utilizes a technology called Electronic Data Interchange (EDI). Through EDI, organizations can transfer the data according to standardized formats. Healthcare EDI utilizes specific standards designed just for the healthcare industry. Increase in regulations such as Health Insurance Portability & Accountability Act (HIPAA) to provide data privacy and security will foster the growth of the market.

Principally this is a federal law created to protect sensitive patient health information from being disclosed without the patient’s consent or knowledge. Therefore, this factor may strengthen the adoption for Healthcare EDI market across the globe. Moreover, the rise in the number of end users’ spenders such as pharmaceutical & medical device industries, as EDI provides certain benefits to these sectors, including Swift and accurate recording and exchange of data such as batch numbers, expiration dates and other product-specific information, shortens delivery times and Excellent merchandise traceability are anticipated to boost the demand for the healthcare EDI Market.

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For Instance, according to Statista, Total pharmaceutical sales numbers in North America are projected to amount to some 628 billion U.S. dollars in 2023, making it the regional submarket with the highest global sales numbers by far. However, high establishment and implementation cost of EDI software may restrain the market growth over the forecast period of 2020-2027.

The regional analysis of the global healthcare EDI market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing rise in geriatric population and chronic diseases among them. Whereas North America is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to the higher adoption of Healthcare Information Technology (HCIT)

Major Market Player included in this report are:

McKesson Corporation
Optum
Allscripts Healthcare Solutions Inc.
Athenahealth
Nextgen Healthcare
Cognizant Technology Corporation
SSI Group, LLC
Cerner Corporation
Comarch SA
Axway Software SA
Optum Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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