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Global Healthcare Provider Network Management Market Size By Component (Provider Network Management Software and Provider Network Management Services), By Product Type (Learning, Credentialing, and Compliance), By Industry (Ambulatory Surgery Centres, Behavioral Health, Community Health Centre), By
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Healthcare Provider Network Management Market Size And Forecast
Healthcare Provider Network Management Market size was valued at USD 3,279.06 Million in 2020 and is projected to reach USD 11,215.42 Million by 2028, growing at a CAGR of 16.34% from 2021 to 2028.
The rising demand from physician offices/specialists, , and teleconsultation might fuel the growth of the Global Healthcare Provider Network Management Market creating more lucrative opportunities in upcoming years. The market report provides a holistic evaluation of the market. The market report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Healthcare Provider Network Management Market Definition
Healthcare provider network management refers to the management system that improves operational efficiencies across the healthcare organization. It offers a single point of access for information regarding fee schedules, health plans, regulatory compliance, and processes, as well as other data across a healthcare organization. Various factors including the lucrative benefits of Healthcare Provider Network Management Solution, the rising need to manage increasing healthcare costs, and increasing regulatory and federal mandates around the globe, amongst others, are driving the growth of the market.
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Global Healthcare Provider Network Management Market Overview
The healthcare provider network management solution assists the healthcare providers in policy management by making policy and procedure management and distribution easy across the healthcare organization. The rising demand from physician offices/specialists, telehealth, and teleconsultation might fuel the growth of the market creating more lucrative opportunities in upcoming years. The healthcare provider network management software possesses clinical capabilities such as care gap notifications (direct care alerts), a patient panel including a disease registry, patient health record, patient care plan, practice-level clinical quality and cost reports, and clinical practice guidelines, amongst others. Thus, the demand for healthcare provider network management solutions is growing across the healthcare sector. Hence, the lucrative benefits of healthcare provider network management solutions are driving the growth of the global market over the forecasted period. The high dependence on skilled personnel can enable healthcare organizations to adopt healthcare provider network management solutions, aiding the growth of the global market.
Cost is the major issue that is strangling the development of IT infrastructure across these regions. The cost of the software and other IT solutions is high. Thus, due to the costly nature of healthcare provider network management solutions, the market is impacted across underdeveloped as well as developing countries. Also, data security might strangle the growth of the market as third-party service providers take care of data security.
Global Healthcare Provider Network Management Market Segmentation Analysis
The market is segmented on the basis of Component, Product Type, Industry, And Geography.
Healthcare Provider Network Management Market, By Component
• Provider Network Management Software• Provider Network Management Services
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Provider Network Management Services accounted for the largest market share of 58.43% in 2020 and is projected to grow at the highest CAGR of 16.76% during the forecast period. Provider Network Management Software was the second-largest market in 2020.
Healthcare Provider Network Management Market, By Product Type
• Learning• Credentialing• Compliance
Based on the Product Type, the market has been segmented into Learning, Credentialing, and Compliance. Learning accounted for the largest market share of 49.08% in 2020 and is projected to grow at a CAGR of 15.82% during the forecast period. Credentialing was the second-largest market in 2020, valued at USD 955.86 Million in 2020.
Healthcare Provider Network Management Market, By Industry
Based on the Industry, the market has been segmented into , Behavioral Health, Community Health Centre, Long-Term Care/Assisted Living, Physician Office/Specialists, Urgent Care Centres, Home Health/Hospice, Imaging and Diagnostic Centres, Mental Health and Addiction, Pharmacies, Physical Rehab Centres, Rural Hospitals/Critical Care, Dental, Hospitals & Health Systems, Skilled Nursing, Telehealth, University, Veterinary, and Others.Ambulatory Surgery Centres are projected to grow at a CAGR of 17.29% during the forecast period. Mental Health and Addiction was the second-largest market in 2020.
Healthcare Provider Network Management Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
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On the basis of Geography, the market is classified into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest market share of 46.12% in 2020 and is projected to grow at a CAGR of 15.71% during the forecast period. Europe was the second-largest market in 2020.
Key Players
The major players in the market are SAP Litmos, Stericycle, Skillsoft, Healthstream (Verity Steam), 360 Training, Compliatric, Relias, Cornerstone, First Healthcare Compliance, Power DMS, Learn Upon Beacon Healthcare Systems, Silversheet, Eddy, and CredentialMyDoc, among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2017-2028 |
| BASE YEAR |
2020 |
| FORECAST PERIOD |
2021-2028 |
| HISTORICAL PERIOD |
2017-2019 |
| UNIT |
Value (USD Million) |
| KEY COMPANIES PROFILED |
SAP Litmos, Stericycle, Skillsoft, Healthstream (Verity Steam), 360 Training, Compliatric, Relias, Cornerstone, First Healthcare Compliance, Power DMS, & Others |
| SEGMENTS COVERED |
Component, Product Type, Industry, And Geography. |
| CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to coun |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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