Healthcare Electronic Data Interchange Market Size, Share, Growth Analysis, By Component(Services, Solutions), By End-Use(Healthcare Payers, Healthcare Providers, Pharmaceutical Industry, others), By Delivery Mode(Web, Cloud-based EDI, EDI Value Added Network, Direct EDI), By Region - Industry Forecast 2024-2031

Healthcare Electronic Data Interchange Market Drivers

• Improvements in EDI Services Driving Market Growth

An extensive rise in the enhancement and development of healthcare electronic data interchange solutions such as faster processing, uninterrupted workflow, patient satisfaction, and improved productivity are the major factors expected to drive the growth of the global market during the forecast period. Furthermore, increase in global outsourcing of EDI services coupled with the rising focus on minimizing manufacturing cost and reducing wastages at every stage are also projected to have a positive impact on the global market for EDI services in the coming years.

Healthcare Electronic Data Interchange Market Restraint

• High Implementation Cost Hampering Market Growth

High implementation cost of various EDI software due to the inadequate internal systems and clearinghouses adding with highly expensive setup costs are likely to hamper the growth of the global healthcare electronic data interchange (EDI) market over the forecast period. In many regions, the adoption of EDI solutions is very low among small-medium sized service providers because of the high investment requirement, which is a key factor hindering growth of the market.