Patient Access Solutions Market - Key Players & Growth Strategies Adopted by Them

Posted by Johnny on August 5th, 2022

This study involved four major activities for estimating the current size of the Patient access solutions market. Exhaustive secondary research was conducted to collect information on the market and its peer and parent markets.

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Factors such as the growing number of patients and the corresponding demand for health insurance, the growing importance of denial management, declining reimbursement rates, the growing amount of unstructured data in the healthcare industry, and the growing need to reduce healthcare costs include: It is driving the growth of this market.

Recent Developments in Patient Access Solutions Market 

• In October 2019, Cerner signed an agreement to acquire AbleVets.
• In July 2019 RxCrossroads by McKesson launched AMP: Access for More Patients, a patient support solution.
• In July 2019, Cognizant and Medidata signed an agreement to develop new solutions for pharmaceuticals
• In April 2019, Experian Health and Change Healthcare partnered.
• In 2017, Optum acquired the healthcare division of The Advisory Board. 

Opportunities: Lucrative growth opportunities in emerging markets

Technological advancements are playing a key role in reforming China’s healthcare system, which is currently facing challenges such as underfunded rural health centers, overburdened city hospitals, and a nationwide shortage of doctors.

Global Key Market Players

Some of the prominent players in this market are McKesson Corporation (US), 3M (US), Cerner Corporation (US), Cognizant (US), Conifer Health Solutions (US), and Epic Systems Corporation (US).

Different Growth Strategies Adopted by Them:

Market Competitive Analysis:

Top 10 players in this industry profiled in the report include. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

McKesson dominated the global patient access solutions market. McKesson operates through two business segments, which cater to the markets in developed as well as developing countries. The company focuses on strategies such as collaborations, agreements, and partnerships to maintain its market presence.

Optum was the second-largest player in the healthcare IT industry. The company offers software and services for patient access solutions.

Cognizant held the third position in the global patient access solutions market. Cognizant is known for its reputation in healthcare data management and analytics.

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Major Revenue Growth Expectations:

The Patient access solutions market size is projected to reach USD 2.4 billion by 2025, at a CAGR of 7.2% between 2020 and 2025