Global Healthcare Electronic Data Interchange (EDI) Market

Global Healthcare Electronic Data Interchange Market Size, Share, Growth Analysis, By Component(Services, Solutions), By End-Use(Healthcare Payers, Healthcare Providers), By Delivery Mode(Web, Cloud-based EDI) - Industry Forecast 2024-2031

Report ID: SQMIG35C2007 | Region: Global | Published Date: February, 2024
Pages: 250 | Tables: 92 | Figures: 76

Global Healthcare Electronic Data Interchange Market News

  • In September 2022, McKesson Corporation signed an agreement to acquire Rx Savings Solutions, a prescription price transparency and benefit insight company. This acquisition helps McKesson to extend leadership in access, adherence solutions, affordability, and leveraging company’s differentiated platform.
  • In July 2022, Nextgen Healthcare, a leading provider of cloud-based and innovative healthcare solutions, announced the expansion of its relationship with InstaMed, a J.P. Morgan company, to improve the payment processing with the help of NextGen® Pay Powered by InstaMed.
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Healthcare Electronic Data Interchange Market size was valued at USD 4 billion in 2019 and is poised to grow from USD 4.38 billion in 2023 to USD 8.44 billion by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).

Global healthcare electronic data interchange market is fairly fragmented with the presence of many well-known and established international companies around the globe. Key players are focusing on various development activities such as collaborations, acquisitions, partnerships, new technology innovations, and reducing operation cost to expand their market reach and product offerings to cater the rising demand from the global consumers. 'Allscripts Healthcare Solutions Inc.', 'Athenahealth Inc.', 'Cerner Corporation', 'Change Healthcare', 'Conduent Inc.', 'Dell Technologies Inc.', 'Emdeon Inc.', 'GE Healthcare', 'IBM Corporation', 'McKesson Corporation', 'Optum Inc.', 'Philips Healthcare', 'Siemens Healthcare GmbH', 'Surescripts', 'Synnex Corporation', 'Wipro Limited', 'Xerox Corporation', 'Zirmed Inc.', 'Experian Health', 'NextGen Healthcare Inc.'

Improvements in EDI Services Driving Market Growth

Technological Advancements to Surge Market Growth

Globally, North America dominated the healthcare electronic data interchange (EDI) market 2021 and is projected to retain its position over the forecast period owing to higher adoption of advanced healthcare information technology and large presence of key market players such as McKesson Corporation, Optum Inc., and The SSI Group LLC. Moreover, rising demand for electronic data interchange solutions among various pharmaceutical companies and manufacturers of medical devices to enhance their services and offerings around the globe.

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