About Medical Network Solution
Medical network solution brings hospitals and physicians across the care continuum together to improving the patient experience of care and improving the health of populations. These solutions build networks that grow and adapt to meet every need. The factors such as High Benefits such as Clinical Efficiency, Enhanced Patient Care and Increased Security and Growing Focus on Improving the Quality of Care are the key drivers for the global Medical Network Solution market. In addition, Rapid Advancement in Healthcare Industry also fueling market growth. However, High Cost of Deployment of Medical Network solutions may restrain the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 18.0% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Network Solution market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ayasdi, Inc. (United States), Optum, Inc. (United States), McKesson Corporation (United States), Aldera, Inc. (United States), Mphasis Limited (India), Genpact Limited (United States), Atos Syntel (United States), Infosys BPM (India), Vestica Healthcare, LLC (United States) and TriZetto Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical Network Solution market by Type (Software and Services) and Region.
On the basis of geography, the market of Medical Network Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Delivery Mode, the sub-segment i.e. On-premise Delivery Mode will boost the Medical Network Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Payer will boost the Medical Network Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Advancement in Healthcare Industry
Market Growth Drivers:
High Benefits such as Clinical Efficiency, Enhanced Patient Care and Increased Security and Growing Focus on Improving the Quality of Care
Challenges:
Reluctance of Users to Migrate From Legacy Systems
Restraints:
High Cost of Deployment of Medical Network Solution and Lack of IT Infrastructure in Developing and Underdeveloped Countries
Opportunities:
Growth in the Healthcare Industry Worldwide and Increasing Demand from End-users
Market Leaders and their expansionary development strategies
In 2020, Change Healthcare, took over PROMETHEUS Analytics unit, to enhance and strengthen its medical network solutions and offerings.
In JAnuary 2022, Johnson & Johnson Medical Devices Companies announced a strategic partnership with Microsoft to further enable its digital surgery solutions. The collaboration aims to support a secure, compliant, and unified platform to improve customer experience and patient outcomes.
Key Target Audience
Medical Network Solution Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.