Product Code: RP-ID-10059233 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10059233
Market Overview:
Global Healthcare Provider Network Management Market Outlook 2030
"The global healthcare provider network management market is expected to reach revenue of USD 3 billion by end of 2021, expected to register a CAGR of 15% during 2022-2030, due to increasing focus on improving the quality of care through effective use of healthcare provider reporting requirements. Developments related to healthcare IT solutions. For example, in June 2020, Change Healthcare acquired PDX, a company dedicated to providing innovative patient-centric technologies for healthcare systems and pharmacies. In this way, the company expanded its product portfolio. In addition, the implementation of strict regulatory requirements in developed countries is also expected to promote market growth. The market is also expected to witness opportunities in the form of advanced data analysis.
According to the different components, the market is divided into software and services. The service sector can be further subdivided into internal services and outsourcing services. Service departments are expected to gain the largest market share because they are widely used due to their characteristics of reducing overall costs, improving operational efficiency, and achieving regulatory compliance.
According to end users, the market is divided into hospitals and clinics, specialist centers, diagnostic centers, etc. The high adoption of network management software by healthcare providers and hospital services is expected to drive market growth. The diagnostic center department is also expected to grow at a significant compound annual growth rate during the forecast period.
Due to the rapid adoption of advanced technology in the United States and Canada, North America has occupied most of the market. Due to the developed healthcare infrastructure, Europe is expected to have the second largest market share, especially in countries such as the United Kingdom and Germany.
Europe is divided into Germany, France, Britain, Italy and Spain. On the other hand, due to the rapid growth and high-potential markets in countries such as China, Japan, South Korea, India, and Australia, the Asia-Pacific region may see a healthy growth rate during the forecast period. Latin America, the Middle East and Africa are also expected to maintain steady growth. Latin America is divided into Brazil and Mexico. The Middle East and Africa are subdivided into Saudi Arabia and the 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."
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