Dallas, TX -- (ReleaseWire) -- 06/17/2014 -- The Global Healthcare EDI Market was valued at $916.5 million in 2013, expected to grow at a CAGR of 13.7% in the next five years owing to increase in the need of simplification and reduction of time for claims management transactions, and better management of administration costs. The increasing need for compliance with the regulatory standards and ever increasing need of healthcare cost reductions are further expected to help the growth of this market. However, the costs associated with the installation of software, lesser insurance coverage of citizens in the BRIC region, and lesser investments by the Healthcare sector on information technology are expected to hinder the growth of this market.
Browse 58 market data Tables and 32 Figures spread through 215 Pages and in-depth TOC on "Healthcare EDI Market”
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This report analyzes the global market for healthcare EDI based on components (EDI software, and EDI services), transactions (claim status, eligibility verification, payment remittance, referral certification authorization, enrolment/disenrollment transactions, and premium payments), end-users (healthcare payers, healthcare providers, and medical equipment/accessories suppliers), mode of delivery (web-based EDI, point-to-point EDI, mobile EDI, EDI VAN, and EDI via AS2), and geography (North America, Europe, Asia, and Rest of the World).
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The North American market contributed the maximum share of the global healthcare EDI market in the year 2013, followed by the European and the Asian regions. While the North American market was majorly propelled by the United States, the European market showed signs of recovery from the economic crises. The Asia region on the other hand shows the maximum potential for growth due to the heavy population, increasing burden of diseases, and government initiatives to improve the overall healthcare delivery process.
The prominent players in the global healthcare EDI market include Emdeon Inc. (U.S.), Allscripts (U.S.), Mckesson (U.S.), Optum Health (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), SSI Group (U.S.), ZirMed (U.S.), Passport Health communications (U.S.), and Capario (U.S.).
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