ID: MRFR/HC/6341-HCR | February 2021 | Region: Global | 90 pages
The global patient access solutions market is expected to register a CAGR of 7.5% during the forecast period of 2019 to 2027.
Patient access solutions play an important role in the management of the patient data of the healthcare organization. The evolution of the modern concept of the patient access solutions industry is rooted in the mid-80s and around mid-90s it reached a tipping point. It has eased various processes such as management, identification, and collection of data. Additionally, the software manages all the data, which has minimized the workforce requires, which, and in turn, increases the profit margin of the hospital or organization that have adopted the software. Furthermore, medical billing, coding, and transcription have become easier and more convenient. Patient access solutions majorly focus on post-intervention services and pre-intervention services.
Additionally, increasing healthcare spending has increased the adoption of the software. According to the U.S. Census Bureau, in 2019, total hospital care expenditure was approximately USD 831.5 billion. These all factor have boosted the demand and growth of the market.
The 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. By delivery mode, the market is further sub-segmented into Web & Cloud-based Solutions, On-premise Solutions. By the market is segmented into end user healthcare providers, hospitals & clinics, laboratories & research institutes
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.
Regional Market Summary
Global Patient Access Solutions Market Share (%), by Region, 2019
Sources: United Census Bureau, Indian Brand Equity Foundation, International Journal of Women's Health, Annual Reports, Press Release, White Paper, and Company Presentation
The global patient access solutions market is segmented on the basis of regions: Americas, Europe, Asia-Pacific, and the Middle East & Asia. The Americas account for the major share of the market owing to the well-developed technology, high healthcare expenditure and the presence of the leading players. Europe accounted for the second largest market, which is followed by Asia-Pacific. Increasing government support for research & development, well-developed healthcare infrastructure, and higher healthcare funds have driven the European patient access solutions market. Asia-Pacific is the fastest growing patient access solutions market. Rapidly changing healthcare sector, and the presence of huge opportunities for the development of this market have paved the way for market growth. However, the Middle East and Africa holds the least share in the global Patient Access Solutions market. The presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East due to increasing government funding in the healthcare for healthcare, and presence of developed economies like UAE, Kuwait, Dubai, and others.
Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the patient access solutions market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.
Market Segmentation and Key Market Players
Global Patient Access Solutions Market, by Service
Global Patient Access Solutions Market, by Software
Global Patient Access Solutions Market, by Delivery Mode
Global Patient Access Solutions Market, by End User
Global Patient Access Solutions Market, by Key Players
Frequently Asked Questions (FAQ) :
Patient Access Solutions Market was valued at USD 831.5 billion in 2017.
Patient Access Solutions Market is expected to exhibit a robust 7.5% CAGR over the forecast period from 2019 to 2024.
The increasing use of effective electronic data storage solutions in the healthcare sector is the major driver for the global patient access solutions market.
The Americas account for the largest share in the global market.
Leading players in the global patient access solutions market include MEDHOST, Cerner, KYRUUS, Stericycle Inc., and others.
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.