Report: Electronic Data Interchange Market to Hit $1.7B by 2018

The global electronic data interchange (EDI) market—which has helped the healthcare industry move claims and supply chain management from paper-based to an electronic-based mode of transactions— is expected to be worth $1.68 billion by 2018, according to a Research and Markets report.

The benefits associated with the use of EDI such as cost reductions and reduced time of transactions have helped improve the acceptance of this technology in the healthcare market. Over the past few years, the healthcare EDI market has shown a substantial growth; the market is expected to grow at a CAGR of 13.7 percent from 2013 to 2018.

EDI has been increasingly embraced by the healthcare industry, and is experiencing a growth due to various advantages associated with its use such as reduction of the administration costs, reduced errors and time for transfer of claims, and initiatives by various governments, the report found.

The prominent players in the global healthcare EDI 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.).