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Healthcare Contract Management Software Market to Reach US$ 10.6 Bn by 2030

The worldwide Healthcare Contract Management Software market measurement is anticipated to achieve USD 10.6 billion by 2030 and is anticipated to increase at a CAGR of 26.8% from 2021 to 2030

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Growth Factors

The key factors driving the market include the growing adoption of cloud computing, investments by market players, digitization in healthcare, and demand for operational efficiency. The rising demand for affordable and effective contract process automation solutions, the need for regulatory compliance, and technological developments in healthcare IT are some of the other key factors estimated to propel the market growth in the years to come. Contract lifecycle management (CLM) software witnessed high demand during the COVID-19 pandemic as it is considered to be a reliable and viable solution to manage the surge in contracts of doctors, sanitation workers, lab technicians, nurses, student-doctors, and others. 

Report Highlights

The software segment accounted for the largest revenue share of over 95.0% in 2020. The adoption of software is rising in the healthcare industry as the software helps patients with efficient compliance, streamlines contract lifecycle processes, and maintains complex contract documents in the repository. Contract Lifecycle Management (CLM) software emerged as a reliable and viable solution to manage the surge in contracts of doctors, sanitation workers, lab technicians, nurses, student-doctors, and more during the COVID-19 pandemic.

In 2020, the subscription-based pricing model dominated the market with a share of over 80.0% owing to the increased adoption of cloud-based healthcare contract management software. As a high percentage of vendors offer subscription-based pricing for cloud-based solutions, the adoption of these software has increased, which is expected to propel the segment growth over the forecast period.

Cloud-based contract software dominated the market with a share of over 88.0% in 2020. This type of deployment is safe and secure as compared to the on-premise system. These solutions gained traction in recent years. The COVID-19 pandemic and the AI trend in healthcare have positively impacted the adoption of cloud-based systems in contract management and this is expected to continue over the coming years.

The healthcare providers segment held the dominant share of over 55.0% as of 2020 owing to the increased adoption of contract management solutions by hospitals, physicians, and clinics. The growing need to reduce operational costs while increasing operational efficiency and the need to comply with regulatory policies have led to the increased adoption of healthcare contract management systems by healthcare organizations and providers.

North America held the largest share of over 52.0% in 2020. The growth is attributed to the favorable reimbursement policies and government regulations, such as Meaningful Use (MU) and the Health Insurance Portability & Accountability Act (HIPPA). MU facilitates the electronic exchange of patient information, submits claims electronically, and generates electronic records for patients and the HIPPA act focuses on ensuring privacy and security of health information, including information in (EHR).

Key Players

  • 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.
Report Coverage Details
Market Size US$ 10.6 billion by 2030
Growth Rate CAGR of 26.8% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Component, Pricing model, Deployment, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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.

Market Segmentation

  • Component
    • Software
      • Contract Lifecycle Management Software
      • Contract Document Management Software
    • Services
      • Support and Maintenance Services
      • Implementation and Integration Services
      • Training and Education Services
  • Pricing Model
    • Subscription Based
    • Others (One time purchase, Pay as you go)
  • Deployment
    • Cloud-Based
    • On-premise
  • End-use
    • Healthcare Providers
    • Medical Device Manufacturers and Pharma & Biotechnology Companies
    • Others (Payers, Research Organization)
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • MEA
      • South Africa
      • Saudi Arabia

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Healthcare Contract Management Software Market, By Component

7.1.  Healthcare Contract Management Software Market, by Component, 2020-2030

7.1.1.    Software

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Services

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Healthcare Contract Management Software Market, By Pricing Model

8.1.  Healthcare Contract Management Software Market, by Pricing Model, 2020-2030

8.1.1.    Subscription Based

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Others (One time purchase, Pay as you go)

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Healthcare Contract Management Software Market, By Deployment

9.1.  Healthcare Contract Management Software Market, by Deployment, 2020-2030

9.1.1.    Cloud-Based

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    On-premise

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Healthcare Contract Management Software Market, By End-use

10.1.        Healthcare Contract Management Software Market, by End-use, 2020-2030

10.1.1.  Healthcare Providers

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Medical Device Manufacturers and Pharma & Biotechnology Companies

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Others (Payers, Research Organization)

10.1.3.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Healthcare Contract Management Software Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Component (2017-2030)

11.1.2.  Market Revenue and Forecast, by Pricing Model (2017-2030)

11.1.3.  Market Revenue and Forecast, by Deployment (2017-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Component (2017-2030)

11.2.2.  Market Revenue and Forecast, by Pricing Model (2017-2030)

11.2.3.  Market Revenue and Forecast, by Deployment (2017-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Component (2017-2030)

11.3.2.  Market Revenue and Forecast, by Pricing Model (2017-2030)

11.3.3.  Market Revenue and Forecast, by Deployment (2017-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Component (2017-2030)

11.4.2.  Market Revenue and Forecast, by Pricing Model (2017-2030)

11.4.3.  Market Revenue and Forecast, by Deployment (2017-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Component (2017-2030)

11.5.2.  Market Revenue and Forecast, by Pricing Model (2017-2030)

11.5.3.  Market Revenue and Forecast, by Deployment (2017-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Pricing Model (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Deployment (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 12.  Company Profiles

12.1.              Icertis

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Conga

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              CobbleStone Software

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Experian Information Solutions, Inc.

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              nThrive, Inc.

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Concord Worldwide, Inc.

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Coupa Software Inc.

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Contract Logix, LLC

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              SecureDocs, Inc.

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Ultria Inc.

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

12.11.           PandaDoc Inc.

12.11.1.               Company Overview

12.11.2.               Product Offerings

12.11.3.               Financial Performance

12.11.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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