The latest research study “Care Management Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global care management solutions market size reached a value of US$ 13.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.94 Billion by 2027 exhibiting a CAGR of 12.50% during 2022-2027.
Care management solutions are various advanced, integrated solutions that improve care management capabilities across utilization, case, and disease management capabilities. Some commonly used solutions include patient engagement, analytics, care plan creation, patient intake, clinician and care coordination, and reporting. They transform care management into a data-driven, automated process that provides more accurate and targeted health information. They help save time, streamline workflows, increase efficiency, improve cost and quality of care, and drive revenue growth simultaneously. As a result, care management solutions are gaining immense traction in healthcare organizations and service providers across the globe to boost clinical outcomes, improve the quality of patient care, reduce expenses, and personalize healthcare interventions.
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Care Management Solutions Market Trends and Drivers:
The global care management solutions market is primarily driven by the expanding geriatric population and the increasing prevalence of chronic conditions, such as cancer, diabetes, and cardiovascular diseases (CVDs). Moreover, care management solutions help effectively manage patient health data and improve patient life quality by reducing complications with early care intervention. In line with this, the shifting focus toward patient-centric treatment is positively influencing the market growth.
Additionally, the surging adoption of care management solutions for accurate diagnosis, treatment, and monitoring of COVID-19 patients amid the sudden outbreak of coronavirus disease is another major growth-inducing factor. Besides this, several favorable initiatives have been taken by governments of numerous countries to shift the burden of risk from healthcare payers to providers. In addition, the increasing need to reduce costs due to rising healthcare expenditures has catalyzed market growth.
Furthermore, several key players are introducing new and innovative care management solutions integrated with advanced technologies, such as artificial intelligence (AI), big data, and the Internet of Things (IoT), to gain a competitive advantage and expand their customer base. Other factors, including improving healthcare infrastructure, rising investments in healthcare information technology (HCIT) solutions, technological advancements, and rapid urbanization, are also anticipated to drive the market toward growth.
Global Care Management Solutions Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Care Management Solutions Companies:
Allscripts Healthcare Solutions Inc., Cerner Corporation, Cognizant, Epic Systems Corporation, Exlservice Holdings Inc., i2i Population Health, International Business Machines Corporation, Koninklijke Philips N.V., Medecision Inc. (Health Care Service Corporation), Pegasystems Inc., Salesforce.com Inc. and Zeomega Inc.
The report has segmented the market on the basis of region, type, delivery mode, application and end user.
Breakup by Type:
- Software
- Services
Breakup by Delivery Mode:
- Cloud-based and Web-based
- On-premises
Market Breakup by Application:
- Chronic Care Management
- Disease Management
- Utilization Management
Breakup by End User:
- Healthcare Payers
- Healthcare Providers
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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