Increasing Geriatric Population And Healthcare Provider Network Management: The Driving Engine Behind Healthcare Provider Network Management Market Evolution in 2025

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What Will the Healthcare Provider Network Management Industry Market Size Be by 2025?
In the past few years, the market size of healthcare provider network management has seen significant growth. The market is projected to expand from $4.74 billion in 2024 to $5.54 billion in 2025, with a compound annual growth rate (CAGR) of 16.7%. The past growth can be credited to the emergence of value-based care models, escalated regulatory compliance needs, increasing complexity in healthcare networks, patient-oriented care delivery, and consolidation and mergers in the market.

What's the Long-Term Growth Forecast for the Healthcare Provider Network Management Market Size Through 2029?
The market for healthcare provider network management is projected to experience rapid expansion in the coming years, reaching $10.09 billion in 2029 with a compound annual growth rate of 16.2%. The projected growth during this period can be linked to factors such as interoperability issues, integration of telehealth, emphasis on healthcare cybersecurity, population health management approaches, move towards decentralized care, regulatory adjustments, and modifications in reimbursement models. Significant trends to watch for in the forecast period include artificial intelligence and automation, the rising demand for data analytics in the healthcare sector, advancements in healthcare technology, the integration of value-based care, and the expansion of telehealth networks.

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What Are the Key Growth Drivers Fueling the Healthcare Provider Network Management Market Expansion?
The rise in the number of elderly individuals is anticipated to drive the expansion of the healthcare provider network management market. The term geriatric population usually refers to those aged 65 and above, with specific health needs due to aging. The Healthcare Provider Network Management market takes on a crucial role in meeting the particular needs of the growing geriatric demographic by improving healthcare delivery, strengthening care coordination, and guaranteeing effective distribution of resources. As a larger number of older people, effective network management becomes an essential strategic initiative to cater to the specific health requirements of this expanding group. For example, in July 2024, as per data from the UK Parliament's House of Commons Library, a UK governmental body, there were approximately 12.7 million individuals aged 65 and above in the UK, making up 19% of its total inhabitants. This figure is expected to increase to 22.1 million by 2072, signifying 27% of the populace. Hence, the burgeoning geriatric population is a significant driver for the growth of the healthcare provider network management market.

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What Are the Key Trends Driving Healthcare Provider Network Management Market Growth?
Leading companies in the healthcare provider network management market are strategizing to gain a competitive advantage by launching innovative products like ICU on wheels. This is essentially a mobile intensive care unit designed to provide critical medical assistance and advanced life support to patients during their transfer, often leveraged in emergencies or while moving patients between facilities. For example, in November 2023, HealthNet, a U.S based healthcare insurance provider, introduced the 5G ambulance, furnished with real-time data transmission and cutting-edge medical technology. This vehicle promotes flawless communication between hospitals and paramedics, transmitting imperative patient data immediately, thus improving emergency care response. As a part of the wider healthcare provider network, the 5G ambulance enhances decision-making and patient outcomes, which strengthens HealthNet's role in progressing provider network management.

How Is the Healthcare Provider Network Management Market Segmented?
The healthcare provider network management market covered in this report is segmented -

1) By Component: Network Management Services, Network Management Software
2) By Deployment Type: On-Premises, Cloud
3) By End User: Private Payers, Public Payers

Subsegments:
1) By Network Management Services: Provider Enrollment Services, Credentialing And Privileging Services, Network Development And Optimization Services, Performance Analytics And Reporting Services, Contract Management Services
2) By Network Management Software: Provider Network Management Software, Data Analytics And Reporting Tools, Credentialing Software, Contract Management Systems, Care Coordination Platforms

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Which Companies Are Leading the Charge in Healthcare Provider Network Management Market Innovation?
Major companies operating in the healthcare provider network management market include UnitedHealth Group Incorporated, CVS Health Corporation, McKesson Corporation, Cigna Corporation, Centene Corporation, Anthem Inc., Optum Inc., Humana Inc., Aetna Inc., Cognizant, Infosys Technologies Limited, Atos SE, Change Healthcare Technologies Corporation, Virtusa Corporation, Genpact Limited, Mphasis Limited, Evolent Health Inc., Coforge Limited, Amwell Inc., Symphony Health AI, SkyGen Technologies Corporation

Which Regions Are Leading the Global Healthcare Provider Network Management Market in Revenue?
North America was the largest region in the healthcare provider network management market in 2024. The regions covered in the healthcare provider network management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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