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Healthcare Electronic data interchange Market will reach $1,681.1 Million by 2018

The “Healthcare EDI Market by Component (EDI Software, EDI Services), by Transactions (Claim Status, Eligibility Verification) by Mode of Delivery (Web-based EDI, Mobile EDI, EDI Van) by End-users (Healthcare Payers, Providers) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World (RoW).

The Global Healthcare EDI Market was valued at $916.5 million in 2013, expected to grow at a CAGR of 13.7% in the next five years owing to increase in the need of simplification and reduction of time for claims management transactions, and better management of administration costs. The increasing need for compliance with the regulatory standards and ever increasing need of healthcare cost reductions are further expected to help the growth of this market. However, the costs associated with the installation of software, lesser insurance coverage of citizens in the BRIC region, and lesser investments by the Healthcare sector on information technology are expected to hinder the growth of this market.

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This report analyzes the global market for healthcare EDI based on components (EDI software, and EDI services), transactions (claim status, eligibility verification, payment remittance, referral certification authorization, enrolment/disenrollment transactions, and premium payments), end-users (healthcare payers, healthcare providers, and medical equipment and accessories suppliers/ pharmacies), mode of delivery (web-based EDI, point-to-point EDI, mobile EDI, EDI VAN, and EDI via AS2), and geography (North America, Europe, Asia, and Rest of the World).

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As the Asian market is relatively new to healthcare EDI, the market share of this region is not expected to change significantly in the next five years. However, the increasing number of government initiatives towards implementation of IT in the healthcare industry will propel the demand for healthcare IT solutions, which in turn will drive the healthcare EDI market at a greater than average CAGR during 2013 and 2018.

The prominent players in the global healthcare EDI market include Emdeon Inc. (U.S.), Allscripts (U.S.), Mckesson (U.S.), Optum Health (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), SSI Group (U.S.), ZirMed (U.S.), Passport Health communications (U.S.), and Capario (U.S.).

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