Market Overview:
The global patient access solutions market Trends is expected to register an approximate CAGR of 7.5% during the forecast period.
The market can thrive by minimizing the number of staff required for management of patient data. The increase in healthcare expenditure by nations globally can drive the adoption rate by hospital chains globally and provide the market a much-needed boost. According to the U.S. Census Bureau, the total healthcare expenditure was reported to be USD 831.5 billion.
Technological advances in software which have culminated in accuracy, portability, and affordability can ramp up the adoption rate significantly. The integration of artificial intelligence (AI) into the software to assist patients in their search can bode well for the global patient access solutions market growth. Additional functions of health economics management and patient record management as well as integration of real-time management models can influence the growth patterns of the market.
Market Segmentation:
The global patient access solutions market is segmented by delivery mode, software, service, and end-user.
By delivery mode, it is segmented into on-premise solutions and web & cloud-based solutions.
By software, it is segmented into eligibility verification software, pre-certification & authorization software, payment estimation software, medical necessity management software, medical claims payment processing software, claims denial & appeal management software, and others.
By service, it is segmented into training & education, support & maintenance, and implementation.
By end-user, it is segmented into laboratories & research institutes, hospitals & clinics, and healthcare providers.
Regional Analysis:
The Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and North America are the main regions considered during the compilation of the market report.
The Americas accounted for the lion’s share of the market due to presence of well-established hospital chains, reputed personnel, sophisticated infrastructure, and high healthcare expenditure.
Europe accounted for the second-largest market share due to increased support for research and development patient access solutions inc. Furthermore, the integration of the latest technology as well as upgradation of current equipment can drive the global patient access solutions market demand till 2023. Investment of capital as well as the large healthcare expenditure allocated for the well-being of patients can augur favorably for the market in the region.
The APAC region is estimated to grow at a robust pace due to rapidly growing economies as well as the large patient pool. Awareness among patients of mobile applications as well as large disposable income levels has led to the integration of the latest automated solution at major hospitals. This can prove fruitful for the market looking to expand in the region. Furthermore, the improving economies other than large ones of China and India can be lucrative areas for investment.
Key Players:
Some of the key players in the global patient access solutions market are MEDHOST, nThrive, Inc, PokitDok, Inc, Optum, Experian Information Solutions, Inc., Cerner Corporation, Genentech USA, Inc., TransUnion LLC, KYRUUS, UNITED BIOSOURCE LLC, TeleTracking Technologies, Inc., GAFFEY Healthcare, Stericycle Inc, FormFast, Cardinal Health, SCI Solutions, Inc., Availity, LLC, Takeda Pharmaceutical Company Limited, McKesson, and others.
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This study involved four major activities for estimating the current size of the Patient access solutions market.
The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research.
After that, market breakdown and data triangulation were used to estimate the sizes of segments and sub-segments.According to the new market research report “Patient Access Solutions Market by product & service (Training services, Eligibility Verification, Medical Necessity, Pre-certification), Delivery Mode (Web & Cloud, On premise), End-User (Providers, HCIT Outsourcing Companies) – Global Forecast to 2025″, published by MarketsandMarkets™, the Patient Access Solution Market size is projected to reach USD 2.4 billion by 2025, at a CAGR of 7.2% between 2020 and 2025.Browse in-depth TOC on “Patient Access Solutions Market”103 – Tables58 – Figures207 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=280473Factors such as Increasing patient volume and subsequent growth in the demand for health insurance, the growing importance of denials management, declining reimbursement rates, increase in the volume of unstructured data in the healthcare industry, and the rising need to curtail escalating healthcare costs are the major factors driving the growth of this market.Coronavirus has spread across 215 countries and territories and affected more than 4.4 million people, with close to 300 thousand deaths.
The true number of infected people would be much higher than the official total, as a large number of cases are asymptomatic and do not undergo testing.It could be assumed that there is a drastic change in the size of the Patient access solutions market.This study analyzes the Patient access solutions market based on their product & service type, delivery mode type, and end-user.Services segment to have the largest share in 2019Based on product and service, the market is segmented into services and software.
The introduction of complex software and the need for system integration are expected to boost the services market in the coming years.The web & cloud based solution segment accounted for the largest market share in 2019Based on delivery mode, the patient access solutions market is segmented into web and cloud-based solutions and on-premise solutions.
The flexibility of working from remote areas, affordability, and automated updating features are some of the key advantages associated with web and cloud-based solutions.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=280473Healthcare Providers was the largest end-user for Patient access solutions market in 2019Based on end users, the market is segmented into healthcare providers, HCIT outsourcing companies, and other end users.
Exhaustive secondary research was conducted to collect information on the market and its peer and parent markets.
This study involved four major activities for estimating the current size of the Patient access solutions market.
The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research.
Revenue Share Analysis, Parent Market, and top-down approaches were employed to estimate the complete market size.According to the new market research report ”Patient Access Solutions Market by product & service (Training services, Eligibility Verification, Medical Necessity, Pre-certification), Delivery Mode (Web & Cloud, On premise), End-User (Providers, HCIT Outsourcing Companies) – Global Forecast to 2025“,published by MarketsandMarkets™, global patient access solutions market is projected to reach USD 2.4 billion by 2025 from USD 1.6 billion in 2020, at a CAGR of 8.5%.Major Growth Drivers:Increasing patient volume and subsequent growth in the demand for health insurance, the growing importance of denials management, declining reimbursement rates, increase in the volume of unstructured data in the healthcare industry, and the rising need to curtail escalating healthcare costs are the major factors driving the growth of this market.
However, high deployment costs are expected to restrain the growth of this market to a certain extent.Expected Revenue Growth:[207 Pages Report] The global patient access solutions market is projected to reach USD 2.4 billion by 2025 from USD 1.6 billion in 2020, at a CAGR of 8.5%.COVID-19 Impact on the Patient access solutions MarketCoronavirus has spread across 215 countries and territories and affected more than 4.4 million people, with close to 300 thousand deaths.
It could be assumed that there is a drastic change in the size of the Patient access solutions market.Browse in-depth TOC on “Patient Access Solutions Market”103 – Tables58 – Figures207 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=280473Services segment to have the largest share in 2019Based on product and service, the patient access solutions market is segmented into services and software.
Global Patient Access Solutions Market Research Report: Information by Service (Support & Maintenance and Implementation), Software (Eligibility Verification Software and Medical Necessity Management Software,), End User & Region—Global Forecast till 2024Market Highlights:The global patient access solutions market is expected to register an approximate CAGR of 7.5% during the forecast period of 2019–2024.Significant advances in patient access solutions have taken place in the last decades.
Technological advancements in terms of accuracy, portability, and affordability have resulted in the increased use of these solutions.
The last decade has witnessed manufacturers introducing new generation patient access solutions that link patient’s data and health observations with artificial intelligence to influence medical decisions by clinicians for an improved and accurate diagnosis.
Similarly, advanced patient access solutions have seen a positive growth curve as users are opting to upgrade patient access solutions which include premium functions such as treatment planning protocol, patient record management, protocol validation, reasoning based models, and health economics management.
Intended AudienceHealthcare ProvidersHealthcare IT CompaniesMedical Research LaboratoriesMarket Research and Consulting Service ProvidersAvail a Free Sample@ https://www.marketresearchfuture.com/sample_request/7811SegmentationThe global patient access solutions market is segmented on the basis of service, software, delivery mode, end user, and region.On the basis of service, the global patient access solutions market is segmented into support & maintenance, implementation, training & education.
By software, the global patient access solutions market is categorized into eligibility verification software, medical necessity management software, pre-certification & authorization software, claims denial & appeal management software, payment estimation software, medical claims payment processing software, and others.
Patient Engagement Solutions Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the patient engagement solutions market include Allscripts Healthcare Solutions, McKesson Corporation, Orion Health Ltd., Cerner Corporation, Phytel Inc., Medecision Inc., GetWellNetwork Inc., YourCareUniverse Inc., Lincor Solutions Ltd., Athenahealth, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Patient Engagement Solutions Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/patient-engagement-solutions-market/download-sampleMarket DynamicsAn increasing number of patients in the hospitals on daily basis all over the world has led to immense pressure on doctors and other hospital staff for maintaining health records timely and precisely is the major factor in boosting the patient engagement solution market's growth.
The government's initiatives to promote patient-centric care, and implementation of regulation are the driving factors for this market's growth.
Also, the increased utilization of mobile health apps will spur the growth of the market.
