Integrated Delivery Networks Market Report 2024-2033 - Size, Key Players & Forecast Analysis

The Business Research Company recently released a comprehensive report on the Global Integrated Delivery Networks Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The integrated delivery networks market size has grown rapidly in recent years. It will grow from $24.59 billion in 2023 to $27.63 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to the consolidation of healthcare facilities, increasing focus on population health management, increasing government initiatives and regulations, increasing emphasis on patient-centric care, and growing demand for specialized healthcare services.

The integrated delivery networks market size is expected to see rapid growth in the next few years. It will grow to $44.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to increasing focus on patient care quality and outcomes, the growing need for healthcare workforce development, the growing demand for healthcare data analytics, increasing adoption of telemedicine, and the growing demand for personalized medicine. Major trends in the forecast period include increasing shifting towards value-based care models, adoption of artificial intelligence and machine learning, the adoption of telehealth services, the growing emphasis on patient-centered care approaches, increasing trend towards expanding outpatient services.

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Market Drivers and Trends:

The increasing adoption of cloud computing in the healthcare sector is expected to propel the growth of the integrated delivery network market going forward. Cloud computing refers to delivering computing services, including servers, storage, databases, networking, software, and more, over the internet ( the cloud). The adoption of cloud computing in healthcare is rising due to the need for affordable data storage, remote access to patient information, better data security, and improved provider collaboration. Cloud adoption helps integrate healthcare systems by facilitating data sharing, improving care coordination, boosting patient outcomes, and cutting costs through efficient processes. For instance, in November 2023, according to GHX, a US-based software-as-a-service company, it's expected that almost 70% of all US hospitals and health systems will adopt cloud-based supply chain management by 2026. Around 45% have already switched to cloud technologies for this purpose, with many more expected to follow in the next two years. Therefore, the increasing adoption of cloud computing in the healthcare sector is driving the growth of the integrated delivery network market.

Major companies operating in the integrated delivery network market are focused on developing advanced medical technologies, such as telehealth solutions, that enhance access to care, reduce costs, improve care quality, and boost patient satisfaction. Telehealth solutions in integrated delivery networks provide convenient access for individuals with mobility limitations or enable them to attend appointments remotely. For instance, in November 2021, Zane Networks, LLC, a US-based healthcare transformation services provider, and Safety Net Connect, Inc. (SNC), a US-based healthcare technology solutions company, launched SNC Telehealth Solutions. It is an initiative designed as a telehealth platform to revolutionize virtual care by extending the reach of both clinicians and patients' care teams. It features SeeMD, the company's premier televisit solution, and Converge, which combines eConsult, eReferral, and televideo capabilities.

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Major Key Players of the Market:

CommonSpirit Health, Ascension Health, Trinity Health, Tenet Healthcare Corporation, Mass General Brigham Incorporated, Mayo Clinic Health System, Sutter Health, IQVIA Inc., Bon Secours Mercy Health, LifePoint Health Inc., Universal Health Services Inc., Banner Health, Community Health Systems, Medline Industries Inc., NewYork-Presbyterian Hospital, Advocate Health, Northwell Health, Geisinger Health, Adventist Healthcare, Brighton Health Plan Solutions LLC, Advent Health Partners Inc.

Integrated Delivery Networks Market 2024 Key Insights:

• The integrated delivery networks market size is expected to see rapid growth in the next few years. It will grow to $44.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.
• Increasing Adoption Of Cloud Computing In The Healthcare Sector Drives Growth In The Integrated Delivery Network Market
• Advanced Telehealth In Integrated Delivery Networks To Enhance Care And Access.
• North America was the largest region in the integrated delivery networks market in 2023

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