Product Code: RP-ID-10265629 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10265629
Market Overview:
Global Healthcare Contract Management Software Market Size study, by Product & Service (Services, Software), by End User (Hospitals, Physician Clinics, Healthcare Payers, Medical Device Manufacturers and Pharma & Biotech Companies, Research Organizations) and Regional Forecasts 2019-2026
Global Healthcare Contract Management Software Market is valued approximately USD 638.75 million in 2018 and is anticipated to grow with a healthy growth rate of more than 18.20% over the forecast period 2019-2026. Healthcare Contract Management Software is a web browser based secure software that is used to efficiently manage the contract development and handling processes in the healthcare industry. It is an electronic version of filing cabinets. It comprises of eight vital steps: contract drafting, negotiation, approval, compliance and administration, repository, compliance optimization, retrieval, and renewal, amendments and disposition. Rising need to maintain compliance with regulatory obligations, rising demand for self-service features in contract management, growing need to increase the functioning efficiency of healthcare organizations while decreasing operational costs, increasing preference for cloud-based contract management solutions, high returns on investment and need of chatbots and intelligent agents for end-to-end contract cycle management are the few factors responsible for rapid growth in the market. Moreover, declining refunds and competitive rivalry among healthcare payers are some of the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, limited IT Infrastructure in small and developing countries and lack of in house IT experts are few factor anticipated to hinder the growth of global Healthcare Contract Management Software market during the forecast period.
The regional analysis of global Healthcare Contract Management Software Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early technical advancements and stringent government policies and regulation pertaining to health care. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as the increasing need for high return on investment (ROI), transparency, data security and increasing demand for effective contract management software would create lucrative growth opportunities for the Healthcare Contract Management Software market across the region.
Major market player included in this report are:
Icertis Inc.
Apttus Corporation
CobbleStone Software
Concord
Contract Logix LLC.
Determine Inc.
Experian PLC.
nThrive Inc.
Optum Inc.
ScienceSoft
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Service:
Services
Software
By End User Industry:
Hospitals
Physician Clinics
Healthcare Payers
Medical Device Manufacturers and Pharma & Biotech Companies
Research Organizations
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Healthcare Contract Management Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Apttus Corporation
CobbleStone Software
Concord
Contract Logix LLC.
Determine Inc.
Experian PLC.
nThrive Inc.
Optum Inc.
ScienceSoft
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