Various vendor strategies in the global patient access solutions market.

The global patient access solutions market is expected to grow at a CAGR of 7.61% during the forecast period. Major vendors in the global patient access solutions market include 3M Co., Cardinal Health Inc., Cerner Corp., Cognizant Technology Solutions Corp., Craneware Plc, Experian Plc, McKesson Corp., nThrive Inc., Optum Inc., and TransUnion, among others.

Vendors are focusing on strategies such as M&A and partnerships to expand their reach in the market. For instance, 3M Co., in May 2019, the company entered into an agreement to acquire Acelity Inc. and its KCI subsidiaries for approximately $6.7 billion. Cardinal Health Inc., in April 2019, the company announced a collaboration with PANTHERx Specialty LLC, in order to strengthen their gene and cell therapy capabilities.

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Similarly, Cerner Corp., in October 2019, the company collaborated with ResMed to assist the healthcare providers’ more informed treatment decisions, control costs, and deliver seamless care across health systems. Cognizant Technology Solutions Corp., in October 2019, the company entered into an agreement to acquire Contino, a privately-held technology consulting firm. Therefore, the increasing number of M&A and partnerships among vendors is expected to boost the growth of the global patient access solutions market during the forecast period.