Patient Access Solutions Market is Projected to Reach USD 2.4 billion by 2025

Patient Access Solutions Market report offers noteworthy data along with future forecasts and thorough analysis of the market on an international and regional level. Some of the data models employed for the research methodology are vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. This market report studies the trends in consumer and supply chain dynamics that have been observed to be helpful in developing production strategies for the industry. The Patient Access Solutions Marketanalysis report covers market shares for Global, Europe, North America, Asia Pacific, and South America.

This Patient Access Solutions Market research report focuses on numerous industry verticals such as company profile, contact details of the manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares, and possible sales volume of the company. To attain actionable market insights to form sustainable and money-spinning business strategies with ease, this market research report is a great option. A team of passionate analysts, skilled researchers, and qualified forecasters work meticulously to generate such kind of market report. The credible Patient Access Solutions Market report describes CAGR (compound annual growth rate) values and its fluctuations for the definite forecast period.

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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%. 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.

“Services to have the largest share in Patient access solutions market”

Based on product and service, the patient access solutions market is segmented into services and software. The services segment accounted for the largest share of the global patient access solutions market in 2019. The introduction of complex software and the need for system integration are expected to boost the services market in the coming years.

“Support and Maintenance services to have the largest share in 2019 ”

The patient access services market, by type, is segmented into support and maintenance, implementation, and training and education services. In 2019, the support and maintenance services segment accounted for the largest market share. Factors such as the increasing demand for upgradation and enhancements along with the increasing complexity of patient access software are driving the growth of the support and maintenance services segment.

“Automated updating features to support the growth of web & cloud based solutions”

Based on delivery mode, the patient access solutions market is segmented into web and cloud-based solutions and on-premise solutions. In 2019, the web and cloud-based solutions segment accounted for the largest share of the global patient access solutions market. 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.

“North America dominated the Patient access solutions market in 2019”

North America dominated the patient access solutions market in 2019, followed by Europe and the Asia Pacific. North America’s large share in the global market is attributed to factors such as stringent regulations, increasing government support for improving healthcare infrastructure, the need for reducing healthcare costs, increasing volume of claims denials, high number of private healthcare payers and well-established government payers

The break-down of primary participants is as mentioned below:

By Company Type – Tier 1: 42%, Tier 2: 31%, and Tier 3: 27%
By Designation – C-level: 30%, Director-level: 45%, and Others: 25%
By Region – North America: 42%, Europe: 28%, APAC: 19%, LATAM:9%, MEA:2%
Research Coverage:

The report analyses the Patient access solutions market and aims at estimating the market size and future growth potential of various market segments based on products, delivery mode, and end-user. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights into:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Patient access solutions market. The report analyzes this market by product type, delivery mode, and end-user
Market Development: Comprehensive information on the lucrative emerging markets, by-products, delivery mode, and end-user
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the Patient access solutions market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the Patient access solutions market

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition & Scope
1.2.1 Inclusions & Exclusions
1.3 Markets Covered
Figure 1 Patient Access Solutions Market
1.3.1 Years Considered For The Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Approach
Figure 2 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 3 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 4 Breakdown Of Primary Interviews: By Company Type,Designation, And Region
2.2 Market Size Estimation
Figure 5 Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis Illustration
Figure 7 Country-Level Analysis Of The Patient Access Solutions Market
Figure 8 Approach 4: Top-Down Approach
Figure 9 Cagr Projections: Supply-Side Analysis
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Impacting The Patient Access Solutions Market (2020-2025)
2.3 Market Breakdown & Data Triangulation
Figure 11 Market Data Triangulation Methodology
2.4 Market Share Assumptions
2.5 Assumptions For The Study

3 Executive Summary
Figure 12 Patient Access Solutions Market, By Product & Service,2020 Vs. 2025 (Usd Million)
Figure 13 Patient Access Services Market, By Type, 2020 Vs. 2025 (Usd Million)
Figure 14 Patient Access Solutions Market, By Delivery Mode, 2020 Vs. 2025 (Usd Million)
Figure 15 Patient Access Solutions Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 16 Geographical Snapshot Of The Patient Access Solutions Market

4 Premium Insights
4.1 Patient Access Solutions: Market Overview
Figure 17 Growing Importance Of Denials Management To Drive Market Growth
4.2 Asia Pacific: Patient Access Solutions Market, By Delivery Mode & End User (2019)
Figure 18 Web & Cloud-Based Solutions Segment Accounted For The Largest Market Share In 2019
4.3 Patient Access Solutions Market: Geographic Growth Opportunities
Figure 19 Uk To Register The Highest Growth In The Patient Access Solutions Market
4.4 Regional Mix: Patient Access Solutions Market (2020−2025)
Figure 20 North America Will Dominate The Patient Access Solutions Market During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Patient Access Solutions Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Need To Maintain Regulatory Compliance
5.2.1.2 Increasing Patient Volume And Subsequent Growth In The Demand For Health Insurance
Figure 22 Growth In The Geriatric Population, By Region, 2015–2050
Figure 23 Projected Healthcare Spending In Different Regions, 2017-2022 (Usd Billion)
5.2.1.3 Growing Importance Of Denials Management
5.2.1.4 Declining Reimbursement Rates
5.2.1.5 Rising Need To Curtail Healthcare Costs
Table 1 Impact Analysis: Market Drivers
5.2.2 Restraints
5.2.2.1 Data Breaches And Loss Of Confidentiality
Figure 24 Healthcare Data Breaches In The Us, August 2019-July 2020
Table 2 Impact Analysis: Market Restraints
5.2.3 Opportunities
5.2.3.1 Huge Growth Potential In Emerging Healthcare It Markets
Table 3 Impact Analysis: Market Opportunities
5.2.4 Challenges
5.2.4.1 Dearth Of Skilled It Professionals In The Healthcare Industry
5.2.4.2 Reluctance To Adopt Patient Access Solutions
5.2.4.3 High Deployment Costs
Table 4 Impact Analysis: Market Challenges
5.3 Covid-19 Health Assessment
5.4 Covid-19 Economic Assessment
5.5 Assessment Of The Impact Of Covid-19 On The Economic Scenario
Figure 25 Criteria Impacting The Global Economy
Figure 26 Scenarios Of Recovery Of The Global Economy
5.6 Impact Of Covid-19 On The Patient Access Solutions Market

6 Industry Insights
6.1 Introduction
Table 5 Estimated Spending On Regulatory Compliance By A Healthcare Provider In The Us
6.2 Us: Current Scenario Of Healthcare Claims Management
6.2.1 Manual Vs. Electronic Claims Management Processes
Table 6 Average Cost Per Transaction For Manual And Electronic Transactions And Savings Opportunity, 2018
Table 7 Average, Minimum, And Maximum Time Spent By Providers Conducting Manual And Electronic Transactions, 2018
6.2.2 Lack Of Standardization Between Payer Policies
6.3 Us: Adoption Trends For Patient Access Solutions
Figure 27 Adoption Of Electronic Administrative Transactions, 2016–2018
Figure 28 Adoption And Volume Of Electronic Eligibility & Benefit Verifications For Commercial Medical Health Plans And Providers In The Us
6.4 Patient Access Solutions And Value-Based Care
Figure 29 Value-Based Care Through Efficient Data Exchange
6.5 Hcit Expenditure Analysis
6.5.1 North America
Table 8 North America: Healthcare Expenditure, By Country
6.5.2 Europe
6.5.3 Asia Pacific
6.6 Us: Hcit Adoption Trends In The Us
Figure 30 Us: Office-Based Physician Ehr Adoption (2004–2017)
Figure 31 Us: Hospital Ehr Adoption, 2007–2018
6.7 Regulatory Analysis
6.7.1 North America
6.7.1.1 Us
6.7.1.2 Canada
6.7.2 Asia Pacific
6.8 Industry Trends
6.8.1 Growing Focus On Integration Platform As A Service (Ipaas)
6.8.2 Budgetary Constraints And Cost-Cutting Measures Are Driving The Adoption Of Patient Access Solutions In European Hospitals
6.9 Ecosystem
Figure 32 Patient Access Solutions Market: Ecosystem
6.1 Technology Analysis
Figure 33 Focus On Patient Access Solutions In Healthcare Manufacturing & Distribution And Ipaas Are The Major Trends In The Market

7 Patient Access Solutions Market, By Product & Service
7.1 Introduction
Table 9 Patient Access Solutions Market, By Product & Service, 2018-2025 (Usd Million)
7.2 Impact Of Covid-19 On The Products And Services Of The Patient Access Solutions Market
7.3 Services
Table 10 Patient Access Services Market, By Type, 2018-2025 (Usd Million)
7.3.1 Support & Maintenance Services
7.3.1.1 The Rising Trend Of Outsourcing Is Driving The Growth Of The Support And Maintenance Services Segment
Table 11 Support & Maintenance Services Market, By Country,2018-2025 (Usd Million)
7.3.2 Implementation Services
7.3.2.1 Increasing Adoption Of Software By Healthcare Providers Is Expected To Drive Market Growth
Figure 34 Adoption Of Electronic Administrative Transactions, 2013–2018
Figure 35 Adoption Of Electronic Administrative Transactions, 2015–2018
Table 12 Implementation Services Market, By Country, 2018-2025 (Usd Million)
7.3.3 Training & Education Services
7.3.3.1 Training & Education Services Increase Healthcare Providers’ Awareness Of The Latest Patient Access Solutions Available In The Market
Table 13 Training & Education Services Market, By Country,2018-2025 (Usd Million)
7.4 Software
Table 14 Patient Access Software Market, By Type, 2018-2025 (Usd Million)
7.4.1 Eligibility Verification Software
7.4.1.1 Real-Time Access To Healthcare Payers Has Increased The Demand For Eligibility Verification Software
Figure 36 Adoption Of Electronic Eligibility And Benefit Verification, 2016–2018
Table 15 Key Players Providing Eligibility Verification Software
Table 16 Eligibility Verification Software Market, By Country, 2018-2025 (Usd Million)
7.4.2 Medical Necessity Management Software
7.4.2.1 Accelerated Cash Flow & Net Revenue Is Driving The Adoption Of Electronic Medical Necessity Management Solutions
Table 17 Key Players Providing Medical Necessity Management Software
Table 18 Medical Necessity Management Software Market, By Country, 2018-2025 (Usd Million)
7.4.3 Precertification & Authorization Software
7.4.3.1 Precertification And Authorization Software Is Cost-Efficient
Table 19 Key Players Providing Precertification & Authorization Software
Table 20 Precertification & Authorization Software Market, By Country, 2018-2025 (Usd Million)
7.4.4 Claims Denial & Appeal Management
7.4.4.1 The Software Offers Streamlined Productivity Tools And Claims-Related Alerts
Table 21 Key Players Providing Claims Denial & Appeal Management Software Solutions
Table 22 Claims Denial & Appeal Management Software Market, By Country, 2018-2025 (Usd Million)
7.4.5 Payment Estimation Software
7.4.5.1 The Need To Control Growing Healthcare Costs Is Expected To Drive Market Growth
Table 23 Key Players Providing Payment Estimation Software
Table 24 Payment Estimation Software Market, By Country,2018-2025 (Usd Million)
7.4.6 Claims Payment Assessment & Processing Software
7.4.6.1 Government Initiatives Are Driving The Popularity Of Claims Payment Assessment & Processing Software
Table 25 Key Players Providing Claims Payment Assessment & Processing Software
Table 26 Claims Payment Assessment & Processing Software Market,By Country, 2018-2025 (Usd Million)
7.4.7 Other Software
Table 27 Patient Access Solutions Market For Other Software, By Country, 2018-2025 (Usd Million)

8 Patient Access Solutions Market, By Delivery Mode
8.1 Introduction
Table 28 Patient Access Solutions Market, By Delivery Mode,2018–2025 (Usd Million)
8.2 Web & Cloud-Based Solutions
8.2.1 Cost-Effectiveness & Large Storage Capacity Are Some Of The Advantages Of Web & Cloud-Based Solutions
Table 29 Web & Cloud-Based Patient Access Solutions Market, By Country, 2018–2025 (Usd Million)
8.3 On-Premise Solutions
8.3.1 On-Premise Solutions Reduce The Risk Of Data Breaches & Other Security Issues
Table 30 On-Premise Patient Access Solutions Market, By Country, 2018–2025 (Usd Million)

9 Patient Access Solutions Market, By End User

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