What This Report Will Provide? This study involved four major activities in estimating the current size of the healthcare provider network management market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.
Expected Revenue Growth: [122 Pages Report] The healthcare provider network management market is projected to reach USD 5.8 billion by 2025 from USD 2.9 billion in 2020, at a CAGR of 14.9%.
Major Growth Boosters: The growth of this market is driven by the implementation of stringent federal mandates in the US, the growing focus on improving the quality of care through the effective use of payer reporting requirements, the need to curtail escalating healthcare costs, and the in-house shortage of skilled personnel.
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Recent Development: In 2020, Change Healthcare acquired the PROMETHEUS Analytics unit, which enabled it to strengthen its solutions offerings
In 2018, EXL acquired SCIO, a health analytics solution and services company serving various healthcare organizations, including providers, health plans, pharmacy benefit managers, employers, health service providers, and global life sciences companies. This acquisition broadened and accelerated EXL’s market-leading advanced analytics and healthcare capabilities.
In 2018, Atos acquired Syntel, a leading global provider of integrated information technology and knowledge process services. With this acquisition, Atos strengthened its digital solutions portfolio business in the US and worldwide
In 2019, Mphasis expanded its footprint in Hyderabad (India) with the inauguration of its new facility.
Regional Growth Analysis: The global healthcare provider network management market has been categorized on the basis of four major regional segments North America, Europe, Asia Pacific, and the Rest of the World. North America was the largest regional segment of the overall market, followed by Europe. The large share of the market can be attributed to the growing health insurance coverage, the rising need to curtail healthcare costs in the US, and a strong government focus on Canada's healthcare IT solutions.
The market in the Asia Pacific, on the other hand, is anticipated to witness the highest growth owing to the factors such as the evolution of the healthcare ecosystem, growing burden on the healthcare industry, and increasing government initiatives for HCIT adoption in the region.
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Key Questions Addressed in The Report: 1. Who are the top 10 players operating in the global healthcare provider network management market?
2. What are the drivers, restraints, opportunities, and challenges in the healthcare provider network management Industry?
3. What are the opportunities for stakeholders and provide details of the competitive landscape for key players?
4. What will be growth of healthcare provider network management in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa?
Key Players: Cognizant (US), Optum, Inc. (US), Ayasdi, Inc. (US), Change Healthcare (US), Genpact Limited (US), Infosys BPM Ltd. (India), are some of the leading players of the healthcare provider network management market.