Market Research Future (MRFR) has published a cooked research report on the “Global Care Management Solutions Market”that contains the information from 2022 to 2030.
Market Highlights
The care management solutions market is expected to register a CAGR of 17.39% during the forecast period of 2022 to 2030 and is projected to hit USD 87.50 Billion by 2030.
Care management refers to a set of activities aimed at improving patient care and lowering medical costs by assisting patients and caregivers in better managing their health problems. A full set of tools comes standard with a sophisticated care management solution, allowing healthcare organizations to enhance patient outcomes while lowering costs. The demand for self-monitoring care solutions, rising adoption of electronic medical records (EMR), increasing prevalence of chronic diseases and improving infrastructure are the key factors fueling the growth of the global care management solutions market. Additionally, with advancements in the healthcare IT sector, the market is expected to grow further in the coming years. However, data security & privacy concerns might restrain the market's growth in the forecast period.
Segment Analysis
The global care management solutions market has been divided based on component, application, mode of delivery and end users
The market, based on component, has been segmented into software and services.
Based on application, the global care management solutions market is classified into disease management, case management, utilization management, EMR management, and others.
Based on mode of delivery, the global care management solutions market is classified into web-based, cloud-based, and on-premises.
Based on end user, the global care management solutions market is classified into payers, providers, and others.
Regional Analysis
The global care management solutions market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North America market is further divided into two parts: the US and Canada. The Europe care management solutions market has been segmented into Germany, France, the UK, Italy, Spain, and the rest of Europe. The care management solutions market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the world is further segmented into the Middle East, Africa, and Latin America.
North America is expected to dominate the care management solutions market due to the presence of key market players and the demand for patient-centred support systems for managing medical conditions. Moreover, compatible technical and healthcare infrastructure and health-tech awareness among the population are further aiding the market's growth.
Europe held a significant share in the global care management solutions market. The improving healthcare quality, digital transformation of healthcare, and demand for self-monitoring care solutions are driving the care management solutions market in Europe. Also, the development of predictive, preventive, personalized and participatory solutions is leading to regional market expansion in Europe.
Asia-Pacific is expected to be the fastest-growing market for care management solutions, mainly due to the growing medical tourism industry, the adoption of healthcare wearables among urban populations, and the expansion of healthcare facilities. Factors such as the digitization of medical care amenities, as well as investment in R&D activities and new solution development, are driving the Asia-Pacific market.
The care management solutions market in the rest of the world is growing dramatically due to the interest of foreign investors in setting up care management capabilities and the investment of a young population in healthcare monitoring wearables.
Explore In-depth Details: Care Management Solutions Market Research Report
MRFR recognizes the following companies as the key players in the global care management solutions market— Koninklijke Philips NV (Netherlands), Oracle Corporation (US), Medecision Inc. (US), ExlService Holdings, Inc (US), Zyter, Inc. (US), Athenahealth (US), ZeOmega (US), Epic Systems Corporation (US), Cognizant (US) and Allscripts Healthcare, LLC (US).
Key Findings of the Study