Chicago, IL -- (SBWIRE) -- 07/10/2017 -- According to the report, "Healthcare EDI Market, by Component (Solution, Service), Delivery Mode (Web & Cloud-based EDI, EDI VAN, Point-to-Point EDI, Mobile EDI) Transaction Type (Claims Management, Healthcare Supply Chain), End User (Healthcare Providers, Healthcare Payers, Medical Device & Pharmaceutical Industries, Pharmacies) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for healthcare EDI is expected to grow at a healthy Compound Annual Growth Rate (CAGR) during the forecast period.

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Electronic data Interchange (EDI) is termed as an organized of transmitting data in between computer systems that are ruled by agreed standards. EDI document's standardized format ensures that data can be easily interpreted on each side. Certain constraints are there in technology that has to be overcome such as reimbursement issue, lack of technical expertise, expensive EDI software, data management, sufficient knowledge base and the interoperability. Safety and data Integrity is also major concern. However, the technology has several opportunities as well.

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KEY PREMIUM INDUSTRY INSIGHTS

1. Rising incidence of chronic diseases is leading to massive data generation which in turn is creating a staggering demand for healthcare EDI systems. The rapidly growing R&D activities as well as clinical trials in the healthcare sector are also generating huge data, which in turn is enhancing the market growth.

2. Moreover, constant technological advancements pertaining to EDI systems are fueling their application scope, thereby functioning in market. Furthermore, the growing end-users such as private as well as hospitals payers and escalating emphasis on insurance claims and reimbursement are boosting the market.

3. On the other side, the high expenditure on these systems is impeding the global adoption. Additionally, restricted technological access in underdeveloped and rural areas is hampering the market growth. The technical issues associated with these systems may lead to data loss, which in turn will hinder the growth of healthcare EDI market.

Regionally, the global market for Healthcare EDI is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these, North America and Europe will command a considerable growing share in the market over the forecast period. The existence of highly developed infrastructure of healthcare along with well-developed technology based networks is boosting the market growth of these regions. The rising geriatric population is also driving the growth of these regions as aged people need more regarding healthcare services. Asia Pacific is anticipated to register remarkable growth over the forecast period. The expanding patient base, rising emphasis on technology related advancements, and mounting awareness concerning the qualities of EDI systems are giving a fillip to Healthcare EDI market in this region.

KEY MARKET PLAYERS

Key players in the healthcare EDI market include:

1. GE Healthcare
2. Mckesson Corporation
3. Optum, Inc. (A Subsidiary of Unitedhealth Group Inc.)
4. Experian PLC
5. Cerner Corporation
6. Allscripts Healthcare Solutions, Inc.
7. Cognizant Technology Solutions Corporation
8. Quality Systems Inc.
9. Synnex Corporation
10. Dell Technologies Inc.

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