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 size was valued at USD 4 billion in 2019 and is poised to grow from USD 4.38 billion in 2023 to USD 8.44 billion by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).

Rising need to curb the healthcare costs along with the high technological advancements especially in developed countries such as United States, Japan, France, and Germany are key factors expected to drive the growth of the market during the forecast period. In addition, a rapid surge in the number of global end-users coupled with the increasing adoption of electronic data interchange (EDI) solutions and services is contributing significantly to the growth of the market.

Furthermore, highly innovated electronic data interchange services like web-based EDI for addressing issues regarding authentication, data integrity, and confidentiality is also likely to propel the growth of the global market over the forecast period. Rising development and innovations in the American National Standards have helped electronic data interchange more useful for Business-to-Business transactions.

Additionally, increasing prevalence of various types of delivery modes used in electronic data interchange services or solutions including web and cloud-based EDI, mobile EDI, and applicability statement version 2 are likely to have a positive impact on the global market over the coming years. A surge in the number of hospitals in the developing countries including India, China, and Indonesia is propelling the adoption of EDI services/solutions around the globe.

US Healthcare Electronic Data Interchange Market is poised to grow at a sustainable CAGR for the next forecast year.