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Healthcare Electronic Data Interchange Market Share

Report ID: GMI12619
Published Date: Dec 2024
Report Format: PDF

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Healthcare EDI Market Share

The market is highly competitive, with many companies offering advanced solutions to meet the growing demand for efficiency, accuracy, and compliance in healthcare transactions. Key players stand out through factors such as their solutions' adaptability to changing standards, smooth integration with existing systems, and support for various transaction types, including claims management, eligibility verification, and payment remittance.

Innovation is key in this market, with companies focusing on improvements like cloud-based EDI platforms, AI-driven transaction analysis, and real-time data exchange. These advances aim to cut administrative costs, improve patient data accuracy, and speed up reimbursement cycles. As healthcare transactions increase in volume and complexity, along with more complex billing systems and supply chain networks, the demand for strong EDI solutions is expected to grow. This trend will likely drive more competition and technological progress in the market.

Healthcare Electronic Data Interchange Market Companies

Some of the eminent market participants operating in the healthcare electronic data interchange industry include:

Boomi
Cleo
DataTrans Solutions
Effective Data
Epicor Software Corporation
GE Healthcare
MCKESSON CORPORATION
NXGN Management
OpenText
Optum
Oracle
OSP
SPS Commerce
SSI Group
TrueCommerce

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global healthcare electronic data interchange industry was valued at approximately USD 4.9 billion in 2024 and is estimated to grow at a 9.9% CAGR from 2025 to 2034, driven by regulatory support and increasing demand for interoperability.

The services segment dominated the market with a revenue of USD 2.9 billion in 2024 and is expected to grow significantly over the forecast period due to the reliance on system integration, customization, training, and ongoing technical support.

The U.S. healthcare electronic data interchange market recorded USD 1.7 million in 2024 and is projected to witness substantial growth over the forecast period, driven by regulations like HIPAA that enforce the use of EDI for standardized transactions.

Key players in the industry include Boomi, Cleo, DataTrans Solutions, Effective Data, Epicor Software Corporation, GE Healthcare, MCKESSON CORPORATION, NXGN Management, OpenText, Optum, and Oracle.