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Healthcare Contract Management Software Market By Service (Supplier Discovery, Sourcing Decision-Making, Workflow & Process Automation, Document Management, Agreements, and Contract Lifecycle Management) and By End-User (Hospitals, Healthcare Providers, Group Practices, Pharmaceutical Companies, Physicians, Medical Device Manufacturers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 11-Oct-2019 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-4834 Status : Published

Global healthcare contract management software market expected to generate around USD 2,087 million by 2025, at a CAGR of around 18.48% between 2019 and 2025. There are multiple programs that store legal documents, contracts, and licenses with third-party sources like vendors and dealers.

Description

The report covers a forecast and an analysis of the healthcare contract management software market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes the drivers and restraints of the healthcare contract management software market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the healthcare contract management software market on a global and regional level.

In order to give the users a comprehensive view of the healthcare contract management software market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Healthcare Contract Management Software Market

The report provides company market share analysis to give a broader overview of the key players in the healthcare contract management software market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of the major participants involved in the healthcare contract management software market on a global and regional basis.

The study provides a decisive view of the healthcare contract management software market by segmenting the market based on service, end-user, and region. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players in the healthcare contract management software market are Contract Logix, Coupa Software, nThrive, Concord, Optum, Determine, CobbleStone Software, ScienceSoft, Experian, Icertis, and Apttus Corporation.

This report segments the global healthcare contract management software market as follows:

Global Healthcare Contract Management Software Market: By Service

  • Supplier Discovery
  • Sourcing Decision-Making
  • Workflow and Process Automation
  • Document Management
  • Agreements
    • Physician Employment Agreements
    • Nondisclosure Agreement
    • Insurance & Bonds
    • Property Agreements
    • Equipment & Vehicle Leases
    • Information Technology Agreements
    • Managed Care Agreements
    • Affiliation Agreements
    • Research and Grant Agreements
    • Service Agreements and Employee Agreements
  • Contract Lifecycle Management
    • Standardization of Contract Processes
    • Linking Contracts to Policies
    • Identification of Payer Issues
    • Risk Mitigation

Global Healthcare Contract Management Software Market: By End-User

  • Hospitals
  • Healthcare Providers
  • Group Practices
  • Pharmaceutical Companies
  • Physicians
  • Medical Device Manufacturers
  • Others

Global Healthcare Contract Management Software Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Healthcare Contract Management Software Market Revenue, 2016-2025 (USD Million)
    • 2.2. Global Healthcare Contract Management Software Market: Snapshot
  •  
  • Chapter 3. Healthcare Contract Management Software Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Healthcare Contract Management Software Market drivers: Impact analysis
      • 3.2.2. High demand for outsourcing agreements
      • 3.2.3. Procurement
      • 3.2.4. M&A agreements
      • 3.2.5. High demand for documentation
      • 3.2.6. Supply chain management
    • 3.3. Market restraints
      • 3.3.1. Contract or payment term modifications
      • 3.3.2. Expensive customizations
      • 3.3.3. Not user-friendly interfaces
      • 3.3.4. Difficulty in search and access control
    • 3.4. Opportunities
      • 3.4.1. Emerging Markets
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by Service
      • 3.6.2. Market attractiveness analysis, by End-User
      • 3.6.3. Market attractiveness analysis, by Region
  •  
  • Chapter 4. Global Healthcare Contract Management Software Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Healthcare Contract Management Software Market: Company Market Share, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Application Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research and Development and Regional Expansion
  •  
  • Chapter 5. Global Healthcare Contract Management Software Market - Service Analysis
    • 5.1. Global Healthcare Contract Management Software Market: Service overview
      • 5.1.1. Global Healthcare Contract Management Software Market share, by Service, 2018 and 2025
    • 5.2. Supplier discovery
      • 5.2.1. Global Healthcare Contract Management Software Market for Supplier discovery, 2016-2025 (USD Million)
    • 5.3. Sourcing decision making
      • 5.3.1. Global Healthcare Contract Management Software Market for Sourcing decision making, 2016-2025 (USD Million)
    • 5.4. Workflow and process automation
      • 5.4.1. Global Healthcare Contract Management Software Market for Workflow and process automation, 2016-2025 (USD Million)
    • 5.5. Document Management
      • 5.5.1. Global Healthcare Contract Management Software Market for Document management, 2016-2025 (USD Million)
    • 5.6. Agreements
      • 5.6.1. Global Healthcare Contract Management Software Market for Agreements, 2016-2025 (USD Million)
    • 5.7. Contract lifecycle management
      • 5.7.1. Global Healthcare Contract Management Software Market for Contract lifecycle management, 2016-2025 (USD Million)
  •  
  • Chapter 6. Global Healthcare Contract Management Software Market - End-User Segment Analysis
    • 6.1. Global Healthcare Contract Management Software Market: End-User overview
      • 6.1.1. Global Healthcare Contract Management Software Market share, by End-User, 2018 and 2025
    • 6.2. Hospitals
      • 6.2.1. Global Healthcare Contract Management Software Market for Hospitals, 2016-2025 (USD Million)
    • 6.3. Health care providers
      • 6.3.1. Global Healthcare Contract Management Software Market for healthcare providers, 2016-2025 (USD Million)
    • 6.4. Group practices
      • 6.4.1. Global Healthcare Contract Management Software Market for Group practices, 2016-2025 (USD Million)
    • 6.5. Pharmaceutical companies
      • 6.5.1. Global Healthcare Contract Management Software Market for pharmaceutical companies, 2016-2025 (USD Million)
    • 6.6. Physicians
      • 6.6.1. Global Healthcare Contract Management Software Market for Physicians, 2016-2025 (USD Million)
    • 6.7. Medical Device Manufacturers
      • 6.7.1. Global Healthcare Contract Management Software Market for medical device manufacturers, 2016-2025 (USD Million)
    • 6.8. Others
      • 6.8.1. Global Healthcare Contract Management Software Market for Others, 2016-2025 (USD Million)
  •  
  • Chapter 7. Global Healthcare Contract Management Software Market - Regional Analysis
    • 7.1. Global Healthcare Contract Management Software Market: Regional overview
      • 7.1.1. Global Healthcare Contract Management Software Market revenue share, by region, 2018 and 2025
    • 7.2. North America
      • 7.2.1. North America Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
      • 7.2.2. North America Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.2.3. The U.S.
        • 7.2.3.1. The U.S. Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.2.3.2. The U.S. Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.2.4. Rest of North America
        • 7.2.4.1. Rest of North America Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.2.4.2. Rest of North America Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
      • 7.3.2. Europe Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.3.3.2. Germany Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. U.K. Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.3.4.2. U.K. Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.3.5.2. France Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.3.6. Rest of Europe
        • 7.3.6.1. Rest of Europe Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.3.6.2. Rest of Europe Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
      • 7.4.2. Asia Pacific Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.4.3.2. China Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.4.4.2. Japan Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.4.5.2. India Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.4.6. Rest of Asia Pacific
        • 7.4.6.1. Rest of Asia Pacific Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.4.6.2. Rest of Asia Pacific Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
      • 7.5.2. Latin America Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.5.3.2. Brazil Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
      • 7.5.4. Rest of Latin America
        • 7.5.4.1. Rest of Latin America Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
        • 7.5.4.2. Rest of Latin America Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Healthcare Contract Management Software Market Revenue, by Service, 2016-2025 (USD Million)
      • 7.6.2. The Middle East and Africa Healthcare Contract Management Software Market Revenue, by End-User, 2016-2025 (USD Million)
  •  
  • Chapter 8. Company Profile
    • 8.1. Contract Logix
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Therapy portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Coupa Software
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Therapy portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. nThrive
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Therapy portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Concord
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Therapy portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Optum
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Therapy portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Determine
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Therapy portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. CobbleStone Software
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Therapy portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. ScienceSoft
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Therapy portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Experian
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Therapy portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Icertis
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Therapy portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Apttus Corporation
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Therapy portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments

Methodology

Free Analysis

Administrative tasks often encounter various overheads. To manage such bottlenecks, contract management software is used to provide a single platform for all contracts. There are multiple programs that store legal documents, contracts, and licenses with third-party sources like vendors and dealers. This helps in time-saving and maintaining a well-organized platform to manage contracts. The healthcare field involves a variety of compliances that one has to follow for strict data security measures. Contract management helps to provide a lifecycle management solution for compliance and risk management. Contract management helps to proactively drive value-creation in this sector.

The healthcare contract management software market is growing, due to the increasing complexities in an organization’s contracts and laborious task of tracking regulations, outsourcing agreements, procurement, M&A agreements, and documentation. There is a need to streamline an organization’s working due to various administrative tasks, such as seeking approvals and improved supply chain management. Contract management helps to maintain an overview of suppliers, sourcing decisions, indirect costs like R&D, marketing, and IT. It also helps to align both bottom- and top-line business performance objectives. However, there are various issues that restrain the healthcare contract management software market, such as contracts or payment term modifications that frequently result in expensive customizations, use of different interfaces by different users, such as mobile, laptop, etc., are not user-friendly, difficulty in search and access control.

Global Healthcare Contract Management Software Market

The healthcare contract management software market is divided based on service and end-user. Based on service, the market includes supplier discovery, sourcing decision-making, agreements, workflow and process automation, contract lifecycle management, and document management. Agreements further include physician employment agreements, insurance & bonds, nondisclosure agreement, property agreements, information technology agreements, equipment & vehicle leases, managed care agreements, research and grant agreements, service agreements and employee agreements, and affiliation agreements. Contract lifecycle management comprises standardization of contract processes, risk mitigation, linking contracts to policies, and identification of payer issues. The end-user segment is divided into hospitals, group practices, healthcare providers, pharmaceutical companies, medical device manufacturers, physicians, and others.

North America is the most significant contributor to the healthcare contract management software market globally, mainly due to the increasing number of hospitals, strong insurance sector, and favorable government regulations – like Meaningful Use and Health Insurance Portability & Accountability Act. The European healthcare contract management software market holds a major share owing to the ease of operability, efficient resource planning, and government funding; it is feasible for quick and easy implementation of business-level software solution in the healthcare market. The Asia Pacific region will experience noticeable CAGR in the healthcare contract management software market in the future, owing to the rapidly growing product demand in India and Singapore. Companies, such as Microsoft, 3M, Wipro, Daimler, and Roche, have a growing need to reduce risks, improve compliance, increase revenue, and manage costs. Improvements in infrastructure, healthcare facilities, and hospitals across the region are also driving the Asia Pacific health contract management market.

Some key players in the healthcare contract management software market are Contract Logix, Coupa Software, nThrive, Concord, Optum, Determine, CobbleStone Software, ScienceSoft, Experian, Icertis, and Apttus Corporation.

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