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Healthcare Provider Network Management Market Insights | Size, Growth, Trends Report

North America expected to account for the largest share of the global healthcare provider network management market.

The healthcare provider network management market is expected to reach USD 2.96 Billion in 2020 from USD 1.78 Billion in 2015, growing at a CAGR of 10.7%. The market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to grow at the highest rate during the forecast period.

The global healthcare provider network management market is segmented on the basis of component. By component, this market is categorized into services and platforms/software. In 2015, the services segment is estimated to account for the larger share of the market and expected to grow at the fastest rate during the forecast period. The services market is further divided into internal services and outsourcing services. In 2015, the internal services segment is likely to account for the larger share of the services market while the outsourcing services segment is expected to grow at the highest rate from 2015 to 2020.
Implementation of stringent federal mandates in the U.S., growing focus on improving quality of care through the effective use of payer reporting requirements are the major factors driving this market. However, High cost of deployment is likely to restrain the growth of the market. Moreover, Reluctance of users to migrate from legacy systems is likely to pose challenge to the growth of the market.
On the basis of regions, this market is categorized into North America (U.S., and Canada), Europe, Asia-Pacific, and the Rest of the World (RoW) (Latin America, Middle East, and Africa). In 2015, North America is poised to account for the largest share of the healthcare provider network management market, followed by Europe and Asia-Pacific. The North America market is slated to grow at the highest CAGR during the forecast period. The major factors driving market growth in North America include the increase in health insurance coverage triggered by the Patient Protection and Affordable Act (PPACA) in the U.S., the rising need to curtail escalating healthcare costs in the U.S. and Canada, and the government focus on healthcare IT solutions in Canada.
Read Press Release On Healthcare Provider Network Management Market:
https://www.marketsandmarkets.com/PressReleases/healthcare-payer-network-management.asp

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