PUBLISHER: Grand View Research | PRODUCT CODE: 1511858
PUBLISHER: Grand View Research | PRODUCT CODE: 1511858
The U.S. integrated delivery network market is anticipated to reach USD 3.79 trillion by 2030 and is anticipated to expand at a CAGR of 10.25% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand for various healthcare services owing to the increased prevalence of chronic diseases and the growing geriatric population. According to a recent study published by the U.S. Department of Health and Human Services and Population Reference Bureau, the population aged 65 years and above is likely to double from 58 million in 2022 to 82 million by 2050. This will result in the growing adoption of healthcare-related services.
The integrated delivery network (IDN) is a pivotal solution to alleviate the healthcare burden in the U.S. The consolidation among diverse healthcare providers has enhanced the profit margins for all institutes by curbing operating costs and achieving economies of scale. As the target population continues to grow, the U.S. healthcare industry is experiencing rapid and continuous expansion. This expansion encompasses the augmentation of healthcare facilities, the adoption of advanced technologies, and an increase in the number of pharmaceutical companies, medical-surgical product manufacturers, and insurance providers in the country.
The ongoing strategic efforts of healthcare networks to merge, partner, and expand within the healthcare ecosystem have enabled them to achieve economies of scale. This is anticipated to be a driving force for the growth of the integrated delivery network market in the U.S. IDNs can be established by both large and small hospital groups. Numerous IDNs exert significant market influence by implementing strategic measures like acquisitions, mergers, partnerships, and the expansion of healthcare facilities. For instance, in January 2024, Trinity Health entered into a multi-year provider network agreement with Anthem. The objective of this agreement is to ensure sustained access to affordable healthcare for patients of Trinity Health covered by Anthem.