Growing adoption of healthcare EDI in various healthcare facilities will help to boost global healthcare EDI market. Healthcare Electronic Data Interchange (H-EDI) is used to manage patient data, such as emergency services records, patient history records, and medication data in the healthcare industry. It is defined as an organized way to transfer data between computer systems, governed by agreed standards. It helps healthcare professionals in handling huge data in a systematic, efficient, and easily accessible manner.
According to AMA, the market for Healthcare EDI is expected to register a CAGR of 8.1% during the forecast period to 2026. This growth is primarily driven by Rising Patient Pool Particularly In Established Economies and Favorable Policy Implementation.
Globally, a noticeable market trend is evident Growing Focus on Integration Platform as a Service (IPAAS)
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as McKesson Corporation (United States), GE Healthcare (United States), SSI Group, LLC (United States), Cerner Corporation (United States), Allscripts Healthcare Solutions Inc. (United States), Cognizant Technology Corporation (United States), Comarch SA (Poland), Axway Software SA (France), Quality Systems Inc. (United States) and Optum Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 24th November 2018, GE Healthcare has launched new applications and smart devices built on Edison, a platform that helps accelerate the development and adoption of Artificial Intelligence (AI) technology and empower providers to deliver faster, more precise care.
- Rising Patient Pool Particularly In Established Economies
- Favorable Policy Implementation
- Growing Focus on Integration Platform as a Service (IPAAS)
- High Adoption of Web-Based EDI That Offers Data Integrity and Authentication
- Limited Technological Access and Lack of Awareness in Rural and Underdeveloped Regions
- High Costs Associated With Deployment of Healthcare EDI
Huge Opportunity Due To Emergence of Big Analytics and Fueling Use of EDI in Healthcare Manufacturing/ Distribution Industry
Rising Technical Issues Associated To These Systems Can Lead To a Loss of Data and Increasing Concerns Related To Data Security
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Healthcare EDI Study Sheds Light on
The Healthcare EDI Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Healthcare EDI industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Healthcare EDI industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.