Electronic Data Interchange Market to Reach $1.7B by 2018

The global electronic data interchange market, tools helping the healthcare industry move claims and supply chain management from paper-based documentation to electronic mode of transactions, is expected to be worth $1.68 billion by 2018, according to a Research and Markets news release.

The market is poised to grow at a compound annual growth rate of 13.7 percent over the next four years.

The growth of the EDI market is aided by an industry shift to electronic information exchanges as well as an increased focus on cost reduction and reduced transaction times, according to the report.

The report identifies Emdeon, Allscripts, McKesson, Optum Health, GE Healthcare and Siemens as key players in the global healthcare EDI market.

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