Healthcare Contract Management Software Market Competitive Landscape, Regional Outlook and Driving Factors Analysis 2019-26 | Icertis Inc., Apttus Corporation, CobbleStone Software, Concord, Contract Logix LLC., Determine Inc., Experian PLC., Optum Inc.
Global Healthcare Contract Management Software Market is valued approximately USD 638.75 million in 2018 and is anticipated to grow with a healthy growth rate of more than 18.20% over the forecast period 2019-2026. Healthcare Contract Management Software is a web browser based secure software that is used to efficiently manage the contract development and handling processes in the healthcare industry.
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The regional analysis of global Healthcare Contract Management Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early technical advancements and stringent government policies and regulation pertaining to health care. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as the increasing need for high return on investment (ROI), transparency, data security and increasing demand for effective contract management software would create lucrative growth opportunities for the Healthcare Contract Management Software market across the region.
However, limited IT Infrastructure in small and developing countries and lack of in house IT experts are few factor anticipated to hinder the growth of global Healthcare Contract Management Software market during the forecast period.
Moreover, declining refunds and competitive rivalry among healthcare payers are some of the major factor likely to create lucrative growth opportunity to the market in the upcoming years.
Rising need to maintain compliance with regulatory obligations, rising demand for self-service features in contract management, growing need to increase the functioning efficiency of healthcare organizations while decreasing operational costs, increasing preference for cloud-based contract management solutions, high returns on investment and need of chatbots and intelligent agents for end-to-end contract cycle management are the few factors responsible for rapid growth in the market.
It is an electronic version of filing cabinets. It comprises of eight vital steps: contract drafting, negotiation, approval, compliance and administration, repository, compliance optimization, retrieval, and renewal, amendments and disposition.
Major market player included in this report are:
o Icertis Inc.
o Apttus Corporation
o CobbleStone Software
o Contract Logix LLC.
o Determine Inc.
o Experian PLC.
o nThrive Inc.
o Optum Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product & Service:
By End User Industry:
o Physician Clinics
o Healthcare Payers
o Medical Device Manufacturers and Pharma & Biotech Companies
o Research Organizations
o North America
o Asia Pacific
o Latin America
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026
Target Audience of the Global Healthcare Contract Management Software Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
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Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Healthcare Contract Management Software Market, by Product & Service, 2017-2026 (USD Billion)
1.2.2. Healthcare Contract Management Software Market, by End User Industry, 2017-2026 (USD Billion)
1.2.3. Healthcare Contract Management Software Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Healthcare Contract Management Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Sensor Type Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Healthcare Contract Management Software Market Dynamics
3.1. Healthcare Contract Management Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Healthcare Contract Management Software Market Sensor Type Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
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