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Healthcare Electronic Data Interchange (EDI) Market to Witness Massive Growth | Comarch SA , Axway Software SA, Optum Inc.

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  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Healthcare Electronic Data Interchange (EDI) market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Healthcare Electronic Data Interchange (EDI) market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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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. 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. The detailed segments and sub-segment of the market are explained below:

 

By Component:

Services

Solutions

By Transaction Type:

Claims Management

Claims Submission

 

Delivery Mode:

Web & Cloud-based EDI

EDI VAN

Mobile EDI

 

End-User:

Healthcare Providers

Healthcare Payers

Medical Device & Pharmaceutical Industries

Pharmacies

 

Professional Key players:

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.

Market Segmentation:
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

 

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

For more information or any query mail at [email protected]

 

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

 

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

 

The study objectives of this report are:

  • To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
  • To understand the structure of market by identifying its various subsegments.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

 

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Healthcare Electronic Data Interchange (EDI) Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Healthcare Electronic Data Interchange (EDI) market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Healthcare Electronic Data Interchange (EDI)  Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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This post was originally published on Downey Magazine