What’s Driving Growth in the Healthcare Provider Network Management Market? Insights into Key Trends and Opportunities
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How has the healthcare provider network management market grown in recent years?
In recent years, the market size of the healthcare provider network management has seen a significant rise. It is projected to increase from $4.74 billion in 2024 to $5.54 billion in 2025, with a compound annual growth rate (CAGR) of 16.7%. Factors driving the growth during the historical period include the emergence of value-based care models, heightened regulatory compliance mandates, increasing complexity in healthcare networks, the focus on patient-centric care delivery and the trend of market consolidation and mergers.
How is the healthcare provider network management market size expected to evolve during the forecast period?
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Which key drivers are propelling the healthcare provider network management market’s growth?
The healthcare provider network management market is projected to grow due to a rise in the elderly population. This group of individuals, who are generally aged 65 and older, have distinct healthcare requirements due to their aging. The healthcare provider network management market is crucial in meeting the changing requirements of this expanding geriatric population by improving healthcare delivery, bolstering care coordination, and assuring efficient allocation of resources. As our society ages, proper network management becomes increasingly vital to cater to the specific healthcare needs of this enlarging demographic. For example, in July 2024, the UK Parliament’s House of Commons Library, a government agency in the UK, reported that in 2022, people aged 65 and older accounted for 19% of the total population, a figure equivalent to 12.7 million individuals. Predictions indicate that by 2072, this figure will increase to 22.1 million, making up 27% of the population. As a result, the growing geriatric population is fuelling the expansion of the healthcare provider network management market.
What are the market segments in the healthcare provider network management industry?
The healthcare provider network management market covered in this report is segmented –
1) By Component: Network Management Services, Network Management Software
2) By Deployment Type: On-Premises, Cloud
3) By End User: Private Payers, Public Payers
Subsegments:
1) By Network Management Services: Provider Enrollment Services, Credentialing And Privileging Services, Network Development And Optimization Services, Performance Analytics And Reporting Services, Contract Management Services
2) By Network Management Software: Provider Network Management Software, Data Analytics And Reporting Tools, Credentialing Software, Contract Management Systems, Care Coordination Platforms
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Which leading companies are shaping the growth of the healthcare provider network management market?
Major companies operating in the healthcare provider network management market include UnitedHealth Group Incorporated, CVS Health Corporation, McKesson Corporation, Cigna Corporation, Centene Corporation, Anthem Inc., Optum Inc., Humana Inc., Aetna Inc., Cognizant, Infosys Technologies Limited, Atos SE, Change Healthcare Technologies Corporation, Virtusa Corporation, Genpact Limited, Mphasis Limited, Evolent Health Inc., Coforge Limited, Amwell Inc., Symphony Health AI, SkyGen Technologies Corporation
What key trends are currently impacting the healthcare provider network management market’s development?
In the market for managing health provider networks, prominent players include UnitedHealth Group Incorporated, CVS Health Corporation, McKesson Corporation, Cigna Corporation, Centene Corporation, Anthem Inc., Optum Inc., Humana Inc., Aetna Inc., Cognizant, Infosys Technologies Limited, Atos SE, Change Healthcare Technologies Corporation, Virtusa Corporation, Genpact Limited, Mphasis Limited, Evolent Health Inc., Coforge Limited, Amwell Inc., Symphony Health AI, and SkyGen Technologies Corporation.
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Which geographic areas are influencing the growth of the healthcare provider network management market?
North America was the largest region in the healthcare provider network management market in 2024. The regions covered in the healthcare provider network management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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