Healthcare Provider Network Management Market Forecast 2023: Forecast Market Size, Drivers And Key Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global healthcare provider network management market is projected to increase from $3.37 billion in 2022 to $3.94 billion in 2023, with a 16.9% CAGR. By 2027, the market size is anticipated to reach $7.07 billion, reflecting a 15.7% CAGR.
North America was the largest region in the healthcare provider network management market in 2022.
Healthcare Provider Network Management Market Driver
The growing patient population is set to drive the healthcare provider network management market. This population includes individuals with medical conditions, increasing hospital admissions. Provider network management aids in monitoring patient records, predicting hospitalization, and managing care programs. For instance, in 2020, the US recorded over 33.35 million hospital admissions (American Hospital Association).
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Prominent Healthcare Provider Network Management Market Trend
Technological advancement is a prominent trend in the healthcare provider network management market. Key market players prioritize innovation to maintain their market standing. For example, in March 2021, Innovaccer Inc., a US-based digital healthcare company, introduced a provider network management solution powered by the Innovaccer health cloud. This integrated platform helps healthcare payers enhance provider network performance, data analysis, and engagement with providers. Payers can offer services like point-of-care alerts to improve quality scores, reduce the total cost of care, and enhance member health value.
Healthcare Provider Network Management Market Prominent Players
Major players in the healthcare provider network management market are Optum Inc., Atos SE, Cognizant, Symphony AyasdiAI, Infosys Technologies Limited, Change Healthcare Inc., SkyGen, McKesson Corporation, Centene Corporation, OSPLabs, Virtusa Corporation, Appian Corporation, Salesforce Inc., Evolent Health Inc., and Coforge.
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Key Healthcare Provider Network Management Market Segments
The global healthcare provider network management market 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
The Healthcare Provider Network Management Global Market Report 2023 provides a comprehensive overview on the healthcare provider network management market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the healthcare provider network management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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