Chronic disease management (CDM) is crucial for addressing widespread conditions, reducing healthcare costs, and improving patient outcomes. By focusing on prevention, early intervention, and patient empowerment, CDM enhances the quality of life for individuals with chronic diseases. It plays a pivotal role in controlling healthcare expenses by minimizing the need for emergency care and hospitalizations. CDM not only prevents complications but also empowers patients to actively participate in their health, fostering a sense of control and responsibility. The public health impact is significant, contributing to healthier communities and reducing the overall burden on healthcare systems.
According to Data Bridge Market Research analyzes the Global Chronic Disease Management Market which was USD 6.17 billion in 2022, is expected to reach USD 20.64 billion by 2030, and is expected to undergo a CAGR of 16.3% during the forecast period 2023-2030.
"Rise in geriatric population boosts the market growth"
The global chronic disease management Market is being propelled by the rising geriatric population, which faces an elevated risk of chronic diseases. As the elderly experience a higher prevalence of health issues, they become primary users of chronic health management services. This demographic shift signifies an increased demand for chronic disease management solutions globally. Conditions such as cardiovascular diseases and diabetes are more prevalent among the aging population, necessitating continuous medical attention. Consequently, healthcare providers and CDM solution providers are expected to witness a surge in demand.
What restraints the growth of the global chronic disease management market?
“Data security concerns hamper the market growth”
The global chronic disease management (CDM) market faces a significant restraint due to concerns over data security and privacy associated with cloud-based services. Migrating sensitive patient information to the cloud increases the risk of data breaches and unauthorized access. The sensitive nature of healthcare data heightens the potential impact of unauthorized access, leading to privacy violations and identity theft.
Segmentation: Global Chronic Disease Management Market
The global chronic disease management market is segmented on the basis of type, solution type, service type, end-user, and disease indication.
- On the basis of type, the global chronic disease management market is segmented into solution and services
- On the basis of solution type, the global chronic disease management market is segmented into on-premise solution, cloud-based solution, and web-based
- On the basis of service type, the global chronic disease management market is segmented into educational service, implementation service, consulting service, and others
- On the basis of end-user, the global chronic disease management market is segmented into healthcare providers, healthcare payers, and others
- On the basis of disease indication, the global chronic disease management market is segmented into cardiovascular diseases (CVD), diabetes, chronic obstructive pulmonary disorders (COPD), Arthritis, asthma, cancer, and others
Regional Insights: North America dominates the Global Chronic Disease Management Market
North America dominates the global chronic disease management (CDM) market due to a rising geriatric population with increased chronic conditions. The region's forefront position in healthcare technology, including telehealth and digital platforms, enhances CDM strategies. The active involvement of major market players through investments and collaborations further accelerates growth, solidifying North America's leadership in the CDM market.
The Asia-Pacific region is expected to dominate the market during the forecast period from 2023 to 2030, driven by the increasing availability of CDM providers. Growing awareness of chronic diseases, expanding healthcare infrastructure, and the adoption of digital health solutions contribute to the rising demand for accessible CDM services in the region. The large and diverse population, coupled with changing lifestyles, amplifies the prevalence of chronic conditions, fueling the need for comprehensive disease management.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-chronic-disease-management-market
Recent Developments in the Global Chronic Disease Management Market
- In April 2021, WellSky introduced CareInsights Guidance, an advanced home health visit management solution. This innovative component provides actionable insights into visit utilization, aiming to strike a balance between treatment quality and patient health improvement. The launch of this solution is anticipated to benefit both patients and employees, contributing to the expected sales growth for the company
The Prominent Key Players Operating in the Global Chronic Disease Management Market Include:
- WellSky (U.S.)
- ZeOmega (India)
- Health Catalyst (U.S.)
- Cedar Gate Technologies (U.S.)
- Cognizant (U.S.)
- Pegasystems Inc. (U.S.)
- Epic Systems Corporation (U.S.)
- Hinduja Global Solutions Ltd. (India)
- NXGN Management, LLC (U.S.)
- MINES & Associates, Inc. (U.S.)
- Casenet, LLC (U.S.)
- ExlServings Holdings, Inc. (U.S.)
- cliexa, Inc. (U.S.)
- ScienceSoft USA Corporation (U.S.)
- Vivify Health, Inc. (U.S.)
- Allscripts Healthcare, LLC (U.S.)
- Infosys Limited (India)
- Medecision (U.S.)
- IBM (U.S.)
- Altruista Health (U.S.)
- TCS Healthcare Technologies (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global chronic disease management market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Chronic Disease Management Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
