Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 11.50 Billion |
| USD 33.74 Billion | |
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Global Care Management Solutions Market, By Component (Software, Services), Delivery mode (On-premise, Cloud-based, Web-based), Application (Disease Management, Case Management, Utilization Management, Other), End-User (Healthcare Payers, Healthcare Providers, Other) – Industry Trends and Forecast to 2030.
The care management solutions market is anticipated to grow due to the increasing elderly population and the burden of chronic diseases. According to the United States Census Bureau's 2021 senior report, more than 54 million adults aged 65 years and above live in the U.S., resulting in about 16.5% of the nation's population. Increasing implementation of initiatives to shift the burden of risk from healthcare payers to healthcare providers is the essential factor accelerating the market growth. It is witnessed that the disease management segment is seen to dominate the market growth for over many years.
Data Bridge Market Research analyses the care management solutions market growth rate in 2023-2030. The expected CAGR of the care management solutions market is around 14.4% in the mentioned forecast period. The market was valued at USD 11.5 billion in 2022 and would grow to USD 33.74 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Software, Services), Delivery mode (On-premise, Cloud-based, Web-based), Application (Disease Management, Case Management, Utilization Management, Other), End-User (Healthcare Payers, Healthcare Providers, Other)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Casenet, LLC (U.S.), Medecision (U.S.), ZeOmega (India), Cognizant (U.S.), Cerner Corporation (U.S.), Allscripts Healthcare, LLC (U.S.)., Epic Systems Corporation (U.S.), athenahealth, Inc. (U.S.), Koninklijke Philips N.V.(Netherlands)., IBM Corporation (U.S.), Health Catalyst (U.S.), General Electric (U.S.), i2i Systems (Turkey), Pegasystems Inc (U.S.)., McKesson Corporation (U.S.)., Ergomed plc (U.K.)
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Market Opportunities
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Market Definition
Care management solutions assist healthcare providers in managing data associated with their members. It also helps healthcare providers achieve their goals faster and make better decisions by offering population management solutions for checking costs. Government organizations, employer groups, and healthcare payers primarily use care management solutions to address healthcare management needs.
Drivers
There is a surge in chronic diseases globally. As per the Global Cancer Observatory (Globocan) Statistics 2020, there were around 19.3 million new cancer cases globally, resulting for both sexes in 2020, and the number will reach 30.2 million by 2040. With the implementation of different initiatives to shift the burden of risk from healthcare payers to providers, care management solutions provide a means to decrease healthcare costs and multiple government initiatives to encourage patient-centric care. Thus, this is expected to boost market growth.
Different market players are taking several strategic initiatives to increase market growth. For example, MyHealthcare, a digital healthcare ecosystem provider, launched the MyHealthcare Enterprise Application (MHEA) for hospitals and healthcare institutions in 2022. The MyHealthcare Enterprise ecosystem is a single-screen hospital platform that includes AI-based Electronic Medical Records (EMRs) for outpatient (OP), inpatient (IP), and emergency room (ER). Thus, this boosts the market growth
Opportunities
The increasing adoption of integrated health management services and other digital systems has increased the launch of new software. For instance, Health Catalyst, Inc., the provider of services and data analytics to healthcare organizations, launched a Care Management Suite, an analytical and patient-centric data-driven method. Furthermore, in 2022, CareCloud, Inc. launched a new service for chronic care management. Thus, this factor boosts market growth.
Major market players are boosting their growth through mergers, collaborations, and acquisitions. For instance, Microsoft Teams collaborated with Innovaccer to introduce its care management product in 2019. The seamless delivery of care is assured by this new system, which can let clinical teams communicate vital patient information in real-time. Thus, this factor helps in the growth of the market.
Restraints/Challenges
The care management solutions platform data is easily available because of a lack of internal control and inadequate policies and regulations. The confidentiality of information and data is very crucial. Therefore, concerns associated with data breaches limit the growth of the global care management solutions market. Thus, this factor restraints the market growth.
This care management solutions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Care management solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
The care management solutions market is segmented on the basis of component, delivery mode, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Delivery Mode
Application
End-User
The care management solutions market is analyzed and market size insights and trends are provided by component, delivery mode, application and end user as referenced above.
The major countries covered in the care management solutions market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the increasing advancements in IT solutions and the rise in demand for affordable and scalable solutions to restrain healthcare costs. Moreover, favorable government support in the region is also leading to the total market growth
Asia Pacific is projected to witness huge growth in the market because of the highest number of registered clinical trials associated with the therapies. Additionally, the substantial efforts on government investment and reforms are further estimated to boost the growth of the region's chimeric antigen receptor (CAR)-T cell therapy market in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The care management solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related care management solutions market.
Key players operating in the care management solutions market include:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.