Patient access solutions aids the patients to manage their healthcare information and allows for greater interaction of the medical team.
The global patient access solutions market is projected to reach USD 2.4 billion by 2025 from USD 1.6 billion in 2020, at a CAGR of 8.5%. In the US, the Patient Protection and Affordable Care Act (PPACA) has led to the restructuring of private insurance, Medicare, and Medicaid systems
Recent Developments
· Cerner signed an agreement to acquire AbleVets.
· RxCrossroads by McKesson launched AMP: Access for More Patients, a patient support solution.
· Cognizant and Medidata signed an agreement to develop new solutions for pharmaceuticals
· Experian Health and Change Healthcare partnered.
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Services segment to have the largest share
The services segment accounted for the largest share of the global patient access solutions market. The introduction of complex software and the need for system integration are expected to boost the services market in the coming years..
The web & cloud based solution segment accounted for the largest market share
web and cloud-based solutions segment accounted for the largest share of the global patient access solutions market. The flexibility of working from remote areas, affordability, and automated updating features are some of the key advantages associated with web and cloud-based solutions.
Healthcare Providers was the largest end-user for Patient access solutions market
healthcare providers segment accounted for the largest share of the global patient access solutions market. Growing HCIT adoption, significant growth in healthcare spending, increasing healthcare costs, and declining reimbursement rates are the major factors supporting the adoption of patient access solutions among healthcare providers.
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).
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McKesson dominated the global patient access solutions market. McKesson has a significant global footprint in the US, Canada, Australia, Ireland, New Zealand, and Israel, owing to its strong sales and distribution network.
