The global healthcare provider network management market is anticipated to witness significant growth over the forecast period of 2020-2027, owing to the rising focus on improving the quality of care by effectively using payer reporting requirements, number of technological and developments related to healthcare IT solutions. For instance, in June 2020, Change Healthcare acquired PDX, a company dealing in providing patient centric and innovative technologies for health systems and pharmacies. With this, the company expanded its product portfolio. Moreover, the implementation of stringent regulatory mandates in the developed countries is also anticipated to boost the market growth. The market is also expected to witness opportunities in the form of advanced data analytics.
Based upon the component, the market is bifurcated into software and services. The services segment can be further segmented into in-house services and outsourced services. The services segment is expected to garner the largest market share as they are widely used owing to their attributes such as reduction of overall costs, improvement of operational efficiencies, and achievement of regulatory compliance.
Based upon the end users, the market is divided into hospitals & clinics, specialty centers, diagnostic centers, and others. High adoption of healthcare provider network management software as well as services in the hospitals is anticipated to boost the market growth. The diagnostic centers segment is also estimated to grow at a significant CAGR during the forecast period.
North America held the major share in the market owing to the rapid adoption of advanced technologies in US as well as Canada. Europe is expected to hold the second largest market share owing to a well-developed healthcare infrastructure, especially in countries such as the U.K. and Germany, among others. Europe is sub-segmented into Germany, France, The U.K., Italy, and Spain. On the other hand, Asia Pacific is likely to experience a healthy growth rate over the forecast period due to the rapidly growing and high potential markets of China, Japan, South Korea, India, and Australia, among others. Latin America and Middle East & Africa are also expected to grow at steady growth rates. Latin America is segmented into Brazil and Mexico. Middle East & Africa is sub-segmented into Saudi Arabia and United Arab Emirates.
The major healthcare provider network management market players include Infosys Limited, McKesson Corporation, Mphasis, Optum, Inc., Atos Syntel Inc., Cognizant (Trizetto), Skygen USA, LLC, OSPLabs, Centene Corporation, Virtusa Corp., Appian, Andros, Salesforce.com, Inc., and Change Healthcare, among others. These players are involved in partnerships, new product launch, acquisitions, and partnerships to gain a competitive edge over each other. For instance, in May 2020, Appian signed an integration partnership with Box, a leading cloud content management platform. With this, the company made enterprise collaboration more secure, valuable, and efficient. Furthermore, in September 2019, Salesforce.com, Inc. (Vlocity) launched online customer collaboration portal for advancing digital transformation initiatives.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent..."