The growth in this market is driven by the development of regulations for transaction processes, the rising need to curtail healthcare costs, and government support for HCIT implementation. However, the high implementation cost and data security concerns are expected to restrict market growth to a certain extent. Hesitancy to switch from conventional methods may also challenge market growth in the coming years.
The global Healthcare
EDI market is projected to reach USD 4.4 billion by 2025 from USD 3.0
billion in 2020, at a CAGR of 7.8% during the forecast period
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McKesson Corporation (US),
Optum (US), Allscripts Healthcare Solutions Inc. (US), athenahealth (US), and
Nextgen Healthcare (US) are the key players operating in the healthcare EDI
market. Other prominent players in this market include Cognizant Technology
Corporation (US), SSI Group, LLC (US), Cerner Corporation (US), Comarch SA
(Poland), Axway Software SA (France), Optum Inc. (US), Dell Technologies Inc.
(US), Nextgen Healthcare (US), Synnex Corporation (US), Comarch (Poland), Axway
Solutions (US), and Plexis Healthcare Systems (US).
McKesson Corporation (US) was the largest player in the healthcare EDI
market in 2019. The company offers an extensive range of healthcare EDI
solutions. McKesson Corporation aims to be an end-to-end solution provider by
providing healthcare providers and payers with products that will aid in the
EDI process. The company focuses on organic and inorganic growth strategies to
maintain its position in the market and expand its global presence.
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Optum (US) is the second-leading player in the global
healthcare EDI market. The company has a strong geographical presence in North
America. The company offers healthcare EDI software and services to healthcare
payers and providers. Optum strategically focuses on collaborating and
partnering with other market players to launch technologically advanced
products, and to expand its presence globally.
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