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. 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.
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).
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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.
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.
Healthcare EDI Market by Component (Solution, Service), Delivery Mode (On-premise & Cloud, Mobile) Transaction Type (Claims Management, Payment Remittance, Payments, Healthcare Supply Chain), End-User & Region - Global Forecast to 2025
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