Healthcare Contract Management Software Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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The healthcare contract management software market is estimated to be worth USD 1,987 million by 2030 from a value of USD 745 million in 2019, growing at a CAGR of 17.5% during the forecast period.

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Description

Healthcare Contract Management Software Market by Product & Service (Contract Lifecycle Management, Document Management), End User (Healthcare Providers, Hospitals, Physicians, Payers, Medical Device Manufacturers, Pharma) – Global Forecasts to 2030
Product Overview
Healthcare Contract Management Software is a software that can help the end-users such as pharmaceutical manufacturers, hospitals, and medical device manufacturers efficiently to manage health care contracts. It further ensures that the healthcare company adheres to strict data compliance guidelines which is a part of everyday duties as a healthcare contract management professional. This software helps in time-saving and maintaining a well-organized platform to manage contracts. Furthermore, the contract management helps to provide a lifecycle management solution for compliance and risk management.
Market Overview
The healthcare contract management software market is estimated to be worth USD 1,987 million by 2030 from a value of USD 745 million in 2019, growing at a CAGR of 17.5% during the forecast period. The growing need to reduce operational costs (while increasing the operational efficiency of healthcare organizations) and the growing need to maintain compliance with regulatory mandates are key drivers of this market. On the other hand, the dearth of in-house IT expertise and the reluctance of healthcare providers to adopt new methods of contract management are expected to restrain the growth of the healthcare contract management software market to a certain extent during the forecast period.
The market for contract lifecycle management software is projected to grow at the highest CAGR during the forecast period
On the basis of software, the market for contract lifecycle management software is projected to grow at the highest rate during the forecast period. The high growth of this segment is attributed to its rising use in streamlining contract lifecycle processes and maintaining complex contract documents in the contract repository for all contracts.
Market Dynamics
The growing need to reduce operational costs (while increasing the operational efficiency of healthcare organizations) and the rising need to maintain compliance with regulatory mandates are key drivers that are booming the growth of the global market. Strategic collaboration and partnerships along with product innovation have also stimulated market growth.
The APAC region is expected to grow at the fastest rate during the forecast period
The healthcare contract management software market in APAC is expected to grow at the highest CAGR during the forecast period. A majority of this growth is driven by the increasing need for complete transparency, rapid return on investment (ROI), and high level of data security, and increasing demand for effective contract management software. A number of healthcare organizations in Asia are actively moving towards digitization to streamline their entire workflow and ensure patient care and safety that resulted in an increased demand for contract management software to keep the record of patient contracts and patient transfer agreements.
Key Market Players
The key players in the global healthcare contract management software market are Icertis (US), Apttus Corporation (US), Optum Inc. (US), Determine Inc. (US), CobbleStone Software (US), Experian Plc. (Ireland), ScienceSoft (US), nThrive Inc. (US), Concord (US), Coupa Software Inc. (US), and Contract Logix LLC(US).

Healthcare Contract Management Software Market, By Product & Service
• Software
o Contract Lifecycle Management
o Contract Repository/Document Management
• Services
o Support & Maintenance
o Implementation and Integration
o Training & Education
Healthcare Contract Management Software Market, By End User
• Healthcare Providers
o Hospitals
o Physician Clinics
o Other Healthcare Providers
• Healthcare Payers
• Medical Device Manufacturers and Pharma & Biotechnology Companies
• Research Organizations

Additional information

Publisher

Geography Covered

Date Published

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Pages

Format

Table of Contents

Contents
1. Executive Summary
2. Global Healthcare Contract Management Software Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Healthcare Contract Management Software Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Healthcare Contract Management Software Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Healthcare Contract Management Software Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product & Service: Market Share (2020-2030F)
12.2.1. Software, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By End User: Market Share (2020-2030F)
12.3.1. Healthcare Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Healthcare Payers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Medical Device Manufacturers and Pharma & Biotechnology Companies, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Research Organizations, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13 Company Profile
13.1. Determine Inc. (US)
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. CobbleStone Software (US)
13.3. Concord (US)
13.4. Contract Logix LLC (US)
13.5. Icertis (US)
13.6. Apttus Corporation (US)
13.7. Optum Inc. (US)
13.8. nThrive Inc. (US)
13.9. Experian Plc. (Ireland)
13.10. Coupa Software Inc. (US)
13.11. ScienceSoft (US).
13.12. Other Prominent Players

14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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