Healthcare EDI Market Overview Healthcare EDI provides secure electronic data interchange between healthcare institutions, care providers, and patients, and allows for more secure and efficient data processing, including healthcare claims processing. Some of the crucial applications of healthcare EDI systems are medical and dental patient database management, insurance and reimbursement data management, and clinical trials and regulatory data management. Their common modes of delivery include VAN, P2P, mobile, and cloud.
The increasing number of patients due to the rising prevalence of chronic diseases is leading to the generation of massive data. This, in turn, making a larger demand for healthcare EDI systems. Moreover, the rapidly growing clinical trials and research and development activities in the healthcare sector are also producing huge amounts of data, which in turn is enhancing the growth of the global Healthcare EDI market.
Furthermore, continuous developments in technologies related to EDI systems are boosting their scope of applications, this fact further supports the development of the market. Additionally, the increasing number of end-users such as hospitals and private payers and increasing emphasis on reimbursement and insurance claims are supplementing the market.
On the contrary, the high costs of these systems are hindering their extensive adoption. Additionally, limited technological access in rural and underdeveloped areas is hampering the growth of the market. Further, the technical issues associated with these systems can lead to a loss of data, which in turn is negatively impacting the growth of the Healthcare EDI market.
Covid-19 Impact on Healthcare EDI Market In addition, the current Healthcare EDI Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Healthcare EDI Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Healthcare EDI Market Segment Overview Based on components, the Services segment is expected to witness the highest growth during the forecast period. This is due to factors such as the increasing claims volume, growing complexity, and scale of EDI solutions, as they require widespread training programs. Similarly, a growing trend of outsourcing activities, such as revenue cycle management, claims handling and management, and partner management services are also anticipated to boost the growth of the services segment. According to Transaction Type, the Claims Management segment is projected to account for the maximum share of the healthcare EDI market over the stated period. The huge share of this segment can be attributed to the increasing adoption of EDI services by healthcare providers and payers and the need to meet regulatory requirements.
Healthcare EDI Market, By Component
· Services
· Solutions
Healthcare EDI Market, By Transaction Type
- Claims Management
- Claims Submission
- Claim Status
- Eligibility Verification
- Payment Remittance
- Referral Certification & Authorization
- Claim Payments
- Others
- Healthcare Supply Chain
Healthcare EDI Market, By Delivery Mode
· Web & Cloud-based EDI
· EDI VAN
· Point-to-Point EDI
· Mobile EDI
Healthcare EDI Market, By End-User
· Healthcare Providers
· Healthcare Payers
· Medical Device & Pharmaceutical Industries
· Pharmacies
Healthcare EDI Market Regional Overview
In terms of region, Europe and North America are the prominent regions for the Healthcare EDI market. Both regions have a significant share in the Healthcare EDI market and it is predicted that they keep their dominance throughout the forecast period. The presence of advanced healthcare infrastructure along with well-developed technological networks is boosting the growth of the market in these regions. In addition, the growing old age population is also impacting the growth of the market in these regions positively since aged people require more healthcare services. Similarly, Asia Pacific is projected to show noteworthy growth during the forecast period. The increasing base of patients, increasing emphasis on technological advancements, and growing awareness regarding the advantages of EDI systems are contributing more to the expansion of the market in this region.
Healthcare EDI Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare EDI Market, Key Players· GE Healthcare
· Capario Inc.
· SSI Group Inc.
· Siemens Healthcare
· Passport Health Communication Inc.
· Optum Inc.
· McKesson Corporation
· Allscripts Healthcare Solutions Inc.
· Nextgen Healthcare
· Cerner Corporation
List of Figures
Figure 1: Global Healthcare EDI Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Healthcare EDI Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Healthcare EDI Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Healthcare EDI Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Healthcare EDI Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Healthcare EDI Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Healthcare EDI Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Healthcare EDI Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Healthcare EDI Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Healthcare EDI Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Healthcare EDI Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Healthcare EDI Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Healthcare EDI Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Healthcare EDI Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Healthcare EDI Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Healthcare EDI Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Healthcare EDI Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Healthcare EDI Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Healthcare EDI Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Healthcare EDI Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Healthcare EDI Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Healthcare EDI Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Healthcare EDI Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Healthcare EDI Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Healthcare EDI Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Healthcare EDI Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Healthcare EDI Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Healthcare EDI Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Healthcare EDI Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Healthcare EDI Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Healthcare EDI Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Healthcare EDI Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Healthcare EDI Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Healthcare EDI Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Healthcare EDI Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Healthcare EDI Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Healthcare EDI Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Healthcare EDI Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Healthcare EDI Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Healthcare EDI Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Healthcare EDI Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
