Healthcare Contract Management Software Market – Emerging Industry Trends & Global Future Forecasts

PUNE, India, 2020-Feb-13 — /EPR Network/ —

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Recent Developments:

# In October 2018, Icertis opened two new offices in Sydney and Singapore to meet the rising market demand.
# In February 2018, Cobblestone Software launched a new mobile contract management software app for Android and Apple iOS devices.
# In October 2018, Contract Logix launched the Express Contract Management Software and Premium Contract Lifecycle Management.
# In December 2018, Determine Inc. entered into an agreement with Axbility Consulting (US) that provided greater opportunities to Determine.
# In March 2017, nThrive Inc. acquired e4e Healthcare Services to expand its service offerings.

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Critical questions the report answers:

# Where will all these developments take the industry in the mid-to-long term?
# What are the major end users and the benefits they avail by implementing healthcare contract management software?
# What are the trends going on in the healthcare contract management software market?
# What are the major market dynamics and their impact on market growth?
# What is the global scenario of the healthcare contract management software market?

“By end user, the healthcare payers segment is expected to grow at the highest CAGR during the forecast period.”

Based on end user, the healthcare contract management software market has been segmented into healthcare providers, healthcare payers, medical device manufacturers and pharma & biotech companies, and research organizations. The healthcare payers segment is expected to grow at the highest CAGR during the forecast period. The need to accelerate medical claims processing tasks, increase drafting efficiency, align contracts with physician groups and facilities, and integrate contract data with downstream claims or reimbursement systems is expected to drive the growth of the healthcare payers segment.

“North America to hold the largest regional market share in 2019.”

North America is expected to account for the largest share of the healthcare contract management software market in 2019, followed by Europe. The large share of North America can be attributed to the favorable regulations (such as the Meaningful Use and Health Insurance Portability & Accountability Act) combined with the large number of hospitals and the presence of a number of private insurance players. In addition, well-established government payers are further supporting the growth of this market.

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The prominent players in this market are Determine Inc. (US), CobbleStone Software (US), Concord (US), Contract Logix LLC (US), Icertis (US), Apttus Corporation (US), Coupa Software Inc. (US), Optum Inc. (US), nThrive Inc. (US), Experian Plc. (Ireland), and ScienceSoft (US).

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