Patient access solutions comprise the use of components such as software, hardware, and services that offer healthcare IT solutions for doctors or healthcare professionals, hospitals, clinics, insurance payers, etc. The presence of regulatory compliance and government regulations in healthcare, coupled with the globally surging patient base and rising demand for health insurance, is expected to majorly drive market growth.
In addition, extensive applications in insurance denial management, favorable government initiatives, declining reimbursement rates in healthcare, and an increasing need to curb healthcare expenditure across the world are anticipated to support market growth. On the contrary, the scarcity of appropriate IT infrastructure in emerging countries and the high cost of deployment is anticipated to limit the adoption of patient access solutions over the forecast period.
Based on components, the services segment is expected to dominate the market during the forecast period from 2018 to 2026, owing to the rising launches of complex software and the demand for system integration and support. The scalability, reliability, flexibility, and affordability of cloud-based patient access solutions are likely to contribute to their lucrative market growth in the near future. On the basis of end-users, the healthcare providers segment shall account for the largest market growth during the forecast period, which is attributed to the rising adoption of patient access solutions, the growing prevalence of chronic diseases, and increasing healthcare expenditure.
North America will hold a major market share over the forecast period due to increasing investments in the healthcare IT sector, favorable government initiatives, and the wide presence of private and government healthcare payers. Growing geriatric populations and increasing consumer disposable income in China, Japan, India, and Australia may witness a comparatively higher CAGR from 2018 to 2026.
The global market for patient access solutions is segmented on the following basis:
Component Market for Global Patient Access Solutions, 2016-2026 (US$ Mn)
- Integrated Software
- Standalone Software
- Consulting Services
- Implementation Services
- Training and Education Services
- Other Services
Global Patient Access Solutions Market by Delivery Mode (US$ Mn), 2016-2026
End-User Global Patient Access Solutions Market, 2016-2026 (US$ Mn)
- Healthcare Providers
- Healthcare IT Outsourcing Firms
Global Patient Access Solutions Market (US$ Mn) by Geography, 2016-2026
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified in the global patient access solutions market include:
- Cerner Corporation
- McKesson Corporation
- ZirMed Inc.
- The SSI Group, LLC
- Optum Inc.
- CareServant BV
- ARBOR Technology Co., Ltd.
- Experian Information Solutions, Inc.
This report offers the following:
- comprehensive overview of the global patient access solutions market, including the current and future market dynamics
- Elucidation of each market segment based on recent product approvals, launches, and current and anticipated market dynamics
- Company profiles and the competitive landscape of the leaders operating in the patient access solutions market, comprising key products, operating business areas, financial analysis, and recent strategic developments