A new report suggests that the healthcare electronic data market is expected to grow roughly 14 percent a year between now and 2018, as a result of its ability to reduce the time and complexity of managing the entire claims management process and reduce overall administration costs for claims transactions. Initiatives put in place by various governments for supporting healthcare IT also contribute to the growth.
At the end of 2013 the global Healthcare EDI Market was worth $916.5 million and the majority of the demand is coming from North America, followed by Europe and Asia. Further growth for the healthcare EDI market will be found in countries where large hospitals are using innovative IT platforms to streamline practices. Countries whose governments are funding new services, will be prime for growth while growth in the Asian markets over the next five years is expected to remain flat given the relative newness of the service in those markets.
The largest players in this 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.).