Showing posts with label Technology Spending on Core Administration in Healthcare Market. Show all posts
Showing posts with label Technology Spending on Core Administration in Healthcare Market. Show all posts

Thursday, 22 February 2018

Technology Spending on Core Administration in Healthcare Market to Reach US$ 42,317 Million by 2024

This report provides forecast and analysis of the technology spending on core administration in healthcare on the global and regional levels. It provides historical data of 2015 along with forecast from 2016 to 2024 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on core administration systems in healthcare. It includes drivers and restraints of core administration in healthcare and impact on each region during the forecast period. The report also comprises the study of applications and opportunities for core administration solutions and services vendors. It also includes detailed analysis by deployment, solution, end users and the workflow process.
In order to provide users of this report with a comprehensive view of the core administration landscape, we have included a detailed competitiveness analysis and company players with unique propositions. The dashboard provides a detailed comparison of core administration solution and services vendors on parameters such as revenue sales, ranking of global players, strategic consolidations, i.e. mergers & acquisitions, licensing activities, and R&D activities. The study encompasses market attractiveness analysis, by solution, deployment, end-user and region.
The report includes the revenue generated from sales of core administration solutions in all regions and important countries in these regions. By solution, the technology spending on core administration in healthcare has been segmented into in-house and outsource. The in-house segment is further divided into hardware, software, and services. By deployment, the technology spending on core administration in healthcare is segmented into cloud-based and on-premise. On the basis of end users, the technology spending on core administration in healthcare is segmented into payers and providers. The payer segment is further divided into insurance companies, government, and others and the provider segment is further divided into hospitals and others. On the basis of region, the technology spending on core administration in healthcare is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
Market numbers have been estimated based on technology spending on core administrative solutions in healthcare by solution, and the revenue is derived from regional pricing trends. Technology spending and forecasts for each segment have been provided in the context of global and regional markets. The technology spending on core administration in healthcare has been analyzed based on expected demand. Prices considered for the calculation of revenue are regional average prices obtained through primary quotes from numerous regional core administration solutions vendors, suppliers, and system integrators. All key end users have been considered, and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the spending on various solutions marketed in different regions. Top-down approach has been used to estimate the technology spending on core administration in healthcare by regions. Market numbers for solution, deployment, end-user and regional segments have been derived using the bottom-up approach, which is cumulative of each region’s demand. The company-level market share has been derived on the basis of revenues reported by key vendors. The market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, press releases, company news, Google Books, company annual reports, white papers, other websites, and publications.
The report provides detailed competitive and company profiles of some of the key participants operating in the global market. Some of the players in core administration systems in healthcare include Plexis Healthcare Systems, DST Systems, Inc., HealthEdge Software, Inc., ikaSystems Corporation, TriZetto Corporation, Health Solutions Plus, Inc., Aldera Holdings, Inc., Wonderbox Technologies, UPP Technology, Inc., and HealthAxis Group, LLC.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

Monday, 1 January 2018

Technology Spending on Core Administration in Healthcare Market Research Forecast Upto 2024

According to Transparency Market Research, the global technology spending on core administration in healthcare market sector will exhibit a 5.7% CAGR over the period between 2016 and 2024, rising from US$25,900 mn in 2015 to US$42,317 mn by 2024.


Rising convergence of a variety of digital platforms for managing and processing the ever-expanding healthcare data, continuously changing healthcare reimbursement reforms and regulations, and digitally empowered consumers are collectively making the healthcare administration space increasingly complex. While at one point cost competition is at the peak in the healthcare industry, payers (insurance agencies) are pressing healthcare providers to switch from a volume-based (payment for service) to a value-based reimbursement module (payment for value).

By requiring that healthcare providers deliver services at lowest costs to patients, value-based reimbursement modules entail more financial risks for providers and critically necessitate the effective management of core administrative processes to cut costs. The situation demands a robust IT infrastructure and an integrated platform wherein the payers can streamline workflows for provider contracting and engagement. In the next few years, the increased need for such platforms will emerge as one of the key drivers of technology spending on core administration in the healthcare sector.


Of the key end users of core administration solutions in the healthcare industry, the payers segment accounted for over 88% of the overall market in 2015 and is expected to remain the key driver of technology spending on core administration in the healthcare industry throughout the forecast period. Geographically, North America dominated, accounted for over 50% of the overall funds spent on enabling technologically advanced core administration solutions in the healthcare industry in 2015. The trend is expected to remain strong over the forecast period as well.

However, the overall global spending on technology for core administration in the healthcare sector is expected to be negatively impacted due to factors such as the presence of outdated technology and applications across several data collection and delivery nodes, continuously changing healthcare reforms, and ever-changing ways of financial transactions.


The inability of healthcare professionals in using complex or time-consuming features in technologically advanced digital healthcare applications is another key factor deterring the adoption of IT solutions for managing core administrative processes in the healthcare sector. The use of IT solutions by health professionals is growing at a steady pace globally, but it is not uniform. A substantial gap exists between the numbers of providers, which is relatively small presently, the number of consumers who actively use the Internet for any purpose, which is on rise at a rapid pace, and the much larger group of patients and healthcare providers that has not used it or cannot use it.
The field of core administration solutions for the healthcare industry is highly fragmented owing to the presence of a large number of established players offering hardware, software, and services, says Transparency Market Research in a recent report. Considering the vast growth opportunities in developing regions such as India, Brazil, and China, players are focusing on diversification opportunities across these countries through mergers, acquisitions, and consolidation practices. To encash the vast growth opportunities in the core administration segment in the healthcare industry, owing to various government norms like Obamacare or Affordable Care Act (ACA), competitors are also focusing on extensive product development to offer differentiated services.


About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com