IBM Corporation, Koninklijke Philips N.V. and Cognizant are Dominating the Global Chronic Disease Management Market in 2021

Global Chronic Disease Management Market is expected to grow with the CAGR of 15.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global chronic disease management market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global chronic disease management market are introducing strong range of solutions and services provider along with launching new solutions and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced solutions and services portfolio.

For instance:

  • In February 2021, IBM signed a partnership agreement with Palantir who is leading software builders for most of the healthcare institutions. This partnership was done to improve their hybrid cloud solution and services. This thereby enhanced revenue for market.

IBM Corporation is the dominating player in global chronic disease management market. The other major players operating in this market are Koninklijke Philips N.V., WellSky, ZeOmega, Health Catalyst, Cedar Gate Technologies, Cognizant, Pegasystems Inc., Epic Systems Corporation, Hinduja Global Solutions Ltd., NXGN Management, LLC, MINES & Associates, Inc., Casenet, LLC, ExlServings Holdings, Inc., cliexa, Inc., ScienceSoft USA Corporation, Vivify Health, Inc., Allscripts Healthcare, LLC., Infosys Limited, Medecision, Altruista Health and TCS Healthcare Technologies among others.

Chronic Disease Management Market

IBM

IBM Corporation is headquartered in New York, U.S. and was founded in 1928. The company is exclusively focusing on encouraging creative pursuits and passions outside of work with emerging tech. The company operates its business via several business segments including cloud & cognitive software, global business services, global technology services, systems, global financing and others in which cloud and cognitive software is the market focused segment. The company has several solutions and services categories including diagnostic imaging, employer, government, healthcare provider, lifesciences, payer, phytel automated patient engagement solutions and healthcare consulting services, in which phytel automated patient engagement solutions and healthcare consulting services are the market focused category.

For instance,

  • In April 2021, IBM launches advanced storage solutions designed to simplify data accessibility & availability across hybrid clouds. This new solution launch by parent organization IBM has enhanced the company’s overall revenue for market.

The company has wide presence across North America.

Koninklijke Philips N.V.

Koninklijke Philips N.V. was founded in the year 1891 and is headquartered in Amsterdam, Netherlands. The main focus of the company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company operates its business via several business segments including diagnosis & treatment businesses, personal health businesses, connected care & health, other in which personal health businesses is the market focused segment. The company has two product categories which are for consumer and for professionals (healthcare); in which for consumer is the market focused category.

For instance,

  • In November 2020, Koninklijke Philips N.V. announced to introduce Philips Cybersecurity Services for integrating and enhancing strategic security solutions. This expansion estimated to bolster company’s product portfolio and growth pace in the coming years.

The company has presence across Asia-Pacific, Europe, Middle East and Africa, South America, and North America. The company also has various subsidiaries Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.), and Philips Oral Healthcare, LLC (U.S.) among others.

Cognizant

Cognizant was founded in the year 1984 and is headquartered in New Jersey, U.S. Their main focus of the company is on wide range of sectors including healthcare, oil & gas, automotive, insurance, life science and consumer goods among others. The company is working on business segments including financial services, healthcare, products and resources, communications, media and technology in which healthcare is the market focused segment. The company is working on many solution & services categories which are industries, services, and cognizant consulting; in which industries is the market focused category.

For instance,

  • In August 2017, Cognizant acquired TMG Health, a provider of business process services to the Medicare Advantage. This acquisition aimed to strengthen Cognizant’s innovative business as well as to accelerate its growth trajectory particularly in the long term which anticipated to strengthening leadership in global market.

 The company has presence across Asia-Pacific, Europe, Middle East and Africa, North America and South America. The company also has various subsidiaries including Cognizant Technology Solutions U.S. Corporation (Delaware), Cognizant Technology Solutions Canada, Inc. (Canada), Cognizant Technology Solutions s.r.o (Czech Republic), Cognizant Technology Solutions Asia Pacific Pte Ltd. (Singapore), and Cognizant Technology Solutions GmbH (Germany) among others.