The global healthcare EDI market is projected to reach USD 2.45
billion by 2022 from USD 1.65 billion in 2017, at a CAGR of 8.1%. Factors such
as the rising need to curtail healthcare costs, the development of regulations
for transaction processes, and growing government support for HCIT
implementation are the key drivers of this market during the forecast period.
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In
this report, the market is segmented on the basis of component,
delivery mode, transaction type, end user, and region. On the basis of component,
the global healthcare EDI market is segmented
into services and solutions. The services segment is expected to register the
highest CAGR during the forecast period. The increasing outsourcing of EDI
services by healthcare organizations and growing demand for scalability of EDI
solutions are expected to drive the growth of this segment during the forecast
period.
Based
on transaction type, the market is segmented
into claims management and healthcare supply chain. The claims management
segment is further divided into claims
submission, claim status requests, eligibility verifications, payment
remittances, referral certification & authorizations, claim payments, and
other EDI transactions (enrollment/ disenrollment,
coordination of benefits/crossover claim, claim attachment, and prior authorization
attachment).The claim management segment is expected to register the highest
CAGR during the forecast period. The need to
reduce errors, increase efficiency, and save time and costs for all
stakeholders in the healthcare industry are driving market growth in this
segment.
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Geographically,
the healthcare EDI market in the Asia-Pacific (APAC) region is expected to
register the highest CAGR during the forecast period. Growth in this regional
segment is largely driven by the rising
patient volume, growing need to manage large
volume of patient data, need to curb healthcare costs, implementation of HCIT
programs, and investments & reforms to modernize APAC healthcare system.
The increasing number of vendors providing outsourcing of
EDI services and the introduction of standards such as ICD-11 guidelines are
expected to provide further growth opportunities for players operating in the market.
On the basis of delivery mode, the Mobile
EDI segment is projected to register the highest CAGR during the forecast
period. Technological upgrades in the healthcare industry and growing
acceptance of mobile solutions among healthcare providers are projected to
drive the adoption of Mobile EDI in the global market.
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