The notable growth of the market is attributed to the growing adoption of cloud computing in healthcare and therefore the high demand for remote working within the COVID-19 pandemic.
The growing got to streamline the organization's work process and administrative tasks within the healthcare industry and therefore the rising have to be compelled to reduce healthcare expenditure while adhering to supervisory necessities are key drivers for this market.
Additionally, increasing complexity in organization contracts and therefore the need to increase the operational efficiency of healthcare organizations are further boosting the adoption.
The growing have to be compelled to reduce operational costs and therefore the growing need to maintain compliance with regulatory mandates are key drivers of this market. On the opposite hand, the dearth of in-house IT expertise and therefore the reluctance of healthcare providers to adopt new methods of contract management are expected to restrain the expansion of the healthcare contract management software market to a particular extent during the forecast period.
Covid-19 Impact on Healthcare Contract Management Software Market:
In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation within the demand for the healthcare sector. The healthcare manufacturers have experienced future also as short term effect which incorporates supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption might be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and makers to the limit. In addition to the present, panic conditions have already spurred the demand for several healthcare products and services which are discussed intimately during this report. Moreover, the impact of this pandemic on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Healthcare Contract Management Software Market Segment Overview
By software, the marketplace for contract lifecycle management software is projected to grow at the best rate during the forecast period. The high growth of this segment is attributed to its rising use in streamlining contract lifecycle processes and maintaining complex contract documents within the contract repository for all contracts.
By Deployment Model, cloud –based system predicted to major market growth in estimated time. Owing to the vendors are responsible of the information security and control of the whole system within the cloud-based CLM system, many vendors has obtained security certifications to point out compliance and their commitment to protecting customer data. The degree of customization and integration is another aspect, which influences the adoption of cloud-based systems among the various vendors within the market.
By End User, The marketplace for healthcare payers is projected to grow at the very best rate during the forecast period. The high rate of growth of this segment is often attributed to the rising need to minimize regulatory compliance risks among healthcare payers. Additionally, the implementation of contract management software is important for healthcare payers because it helps them within the effective management of claims processing and reimbursements.
Market Analysis, Insights and Forecast – By Type
· Software
· Contract Lifecycle Management Software
· Contract Document Management Software
· Services
· Support and Maintenance Services
· Implementation and Integration Services
· Training and Education Services
Market Analysis, Insights and Forecast – By Deployment Model
· Cloud-Based
· On-premise
Market Analysis, Insights and Forecast – By End User
· Healthcare Providers
· Medical Device Manufacturers and Pharma & Biotechnology Companies
· Others.
Healthcare Contract Management Software Market Regional Overview
Region-wise, in terms of regions, the healthcare contract management software market in APAC is predicted to grow at the highest CAGR during the forecast period. A majority of this growth is driven by the increasing need for complete transparency, rapid return on investment (ROI), and high level of knowledge security, and increasing demand for effective contract management software. A number of healthcare organizations in Asia are actively moving towards digitization to reorganize their entire workflow and ensure patient care and safety that resulted in an increased demand for contract management software to keep the record of patient contacts and patient transfer agreements.
Healthcare Contract Management Software Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare Contract Management Software Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Healthcare Contract Management Software are highlighted below.
· In October 2018, Icertis opened two new offices in Sydney, Singapore, Bulgaria, London, and Paris to meet the rising market demand.
Healthcare Contract Management Software Market, Key Players
· Determine Inc.
· CobbleStone Software
· Concord
· Contract Logix LLC
· Apttus Corporation
· Optum Inc.
· Experian Plc.
· ScienceSoft
· Icertis
· Conga
· CobbleStone Software
· Experian Information Solutions, Inc.
· nThrive, Inc.
· Concord Worldwide, Inc.
· Coupa Software Inc.
· Contract Logix, LLC
· SecureDocs, Inc.
· Ultria Inc.
· PandaDoc Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Healthcare Contract Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Software
- 5.2.1.1. Contract Lifecycle Management Software
- 5.2.1.2. Contract Document Management Software
- 5.2.2. Services
- 5.2.2.1. Support and Maintenance Services
- 5.2.2.2. Implementation and Integration Services
- 5.2.2.3. Training and Education Services
- 5.2.1. Software
- 5.3.1. Cloud-Based
- 5.3.2. On-premise
- 5.4.1. Healthcare Providers
- 5.4.2. Medical Device Manufacturers and Pharma & Biotechnology Companies
- 5.4.3. Others.
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Healthcare Contract Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Software
- 6.2.1.1. Contract Lifecycle Management Software
- 6.2.1.2. Contract Document Management Software
- 6.2.2. Services
- 6.2.2.1. Support and Maintenance Services
- 6.2.2.2. Implementation and Integration Services
- 6.2.2.3. Training and Education Services
- 6.2.1. Software
- 6.3.1. Cloud-Based
- 6.3.2. On-premise
- 6.4.1. Healthcare Providers
- 6.4.2. Medical Device Manufacturers and Pharma & Biotechnology Companies
- 6.4.3. Others.
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Healthcare Contract Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Software
- 7.2.1.1. Contract Lifecycle Management Software
- 7.2.1.2. Contract Document Management Software
- 7.2.2. Services
- 7.2.2.1. Support and Maintenance Services
- 7.2.2.2. Implementation and Integration Services
- 7.2.2.3. Training and Education Services
- 7.2.1. Software
- 7.3.1. Cloud-Based
- 7.3.2. On-premise
- 7.4.1. Healthcare Providers
- 7.4.2. Medical Device Manufacturers and Pharma & Biotechnology Companies
- 7.4.3. Others.
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Healthcare Contract Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Software
- 8.2.1.1. Contract Lifecycle Management Software
- 8.2.1.2. Contract Document Management Software
- 8.2.2. Services
- 8.2.2.1. Support and Maintenance Services
- 8.2.2.2. Implementation and Integration Services
- 8.2.2.3. Training and Education Services
- 8.2.1. Software
- 8.3.1. Cloud-Based
- 8.3.2. On-premise
- 8.4.1. Healthcare Providers
- 8.4.2. Medical Device Manufacturers and Pharma & Biotechnology Companies
- 8.4.3. Others.
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Healthcare Contract Management Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Software
- 9.2.1.1. Contract Lifecycle Management Software
- 9.2.1.2. Contract Document Management Software
- 9.2.2. Services
- 9.2.2.1. Support and Maintenance Services
- 9.2.2.2. Implementation and Integration Services
- 9.2.2.3. Training and Education Services
- 9.2.1. Software
- 9.3.1. Cloud-Based
- 9.3.2. On-premise
- 9.4.1. Healthcare Providers
- 9.4.2. Medical Device Manufacturers and Pharma & Biotechnology Companies
- 9.4.3. Others.
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Determine Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. CobbleStone Software
- 10.6. Concord
- 10.7. Contract Logix LLC
- 10.8. Apttus Corporation
- 10.9. Optum Inc.
- 10.10. Experian Plc.
- 10.11. ScienceSoft
- 10.12. Icertis
- 10.13. Conga
- 10.14. CobbleStone Software
- 10.15. Experian Information Solutions, Inc.
- 10.16. nThrive, Inc.
- 10.17. Concord Worldwide, Inc.
- 10.18. Coupa Software Inc.
- 10.19. Contract Logix, LLC
- 10.20. SecureDocs, Inc.
- 10.21. Ultria Inc.
- 10.22. PandaDoc Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
