1. Healthcare EDI Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Electronic Data Interchange, abbreviated as EDI, is an innovative electronic communication technology, that offers exchange data standards, for exchange of data
by any kind of electronic technology. Electronic data exchange permits exchange of important data between two or more companies, situated in two or different
countries, by application of certain standards of EDI. EDI can be defined as, exchange of data, by using predetermined message terms and standards, from one
computer device to another, without any human or mechanical intervention. Electronic data exchange was launched by National Institute of Standards and
Technology in 1996.
Healthcare Electronic Data Exchange (EDI) is the systematic application of EDI in the field of healthcare. EDI has played a valuable role in the healthcare
industry. It is been very critical to manage the data in healthcare field, such as, patient history records, medication data, emergency services records and others.
However, EDI helped to manage this huge data in very efficient, systematic and easily accessible manner. EDI is implemented in almost all sub-divisions of
healthcare industry, since it saves lot of time and money, and ultimately propels the growth of healthcare industry. As of now, major applications of EDI in the
healthcare industry include insurance and reimbursement sector, dental and medical patient database management, clinical trials and regulatory data management
and others.
The market of healthcare EDI is segmented on the basis of products and end users. In products segmentation, it is further divided on the basis of mode of
delivery, such as, P2P EDI, VAN EDI, Cloud EDI, mobile EDI and others. On the basis of transactions, it is sub-divided as, premium payments, eligibility
verification, insurance and reimbursement claim status, enrollment related transactions and others. Further, on the basis of end users, it is sub-divided as
healthcare service providers (medical infrastructure, clinics, hospitals and other medical assessment centers), pharmacies and medical devices and equipment
manufacturers, suppliers, and distributors, and healthcare financers, such as government financers and private financers.
Moreover, the market is segmented on the basis of geography, such as, North America, Europe, Asia-Pacific and Rest of the World (RoW). At present, North
America and Europe are the most prominent markets, owing to well developed technological networks. However, Asia-Pacific and some countries in RoW region
are expected to show lucrative growth in the upcoming period, owing to enhanced awareness about use of technology to perform day-to-day EDI activities and
growth of technological network.
The market of healthcare EDI is driven by many influencing factors, such as, rapidly growing technology and its applications in the healthcare industry, increase
in prevalence of chronic diseases and growing awareness. This is supported by rapidly growing clinical trials and R&D, increasing base of end-users such as
hospitals and private payers, and strong focus on reimbursement and insurance claims. Rapidly increasing technological applications is considered as the most
important driver supporting the growth of this market. Owing to this, a large amount of money and time, which was wasted in healthcare data management, has
been saved that ultimately contributes in the growth of the industry.
However, limited technological access in rural and under developed region of the world, threat of loss of system database due to technical issues are some of the
restraints, expected to hinder the growth of market. Furthermore, financial limitations also act as a barrier in the penetration of EDI. Some of the ajor players
operating in this market include Capario Inc., GE Healthcare, Siemens Healthcare, Ssi Group, Inc., Passport Health Communication Inc., and Optum Inc.
amongst others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this
research report include North America Asia Pacific Europe Rest of the World This report provides comprehensive analysis of Market growth drivers
Factors limiting market growth Current market trends Market structure Market projections for upcoming years This report is a complete study of current trends
in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on
different factors driving or restraining market growth It provides a six-year forecast assessed on the basis of how the market is predicted to grow It helps in
understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It
helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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Healthcare EDI Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019