Global Chronic Disease Management Technology Market, By Delivery Mode (Cloud-Based and On-Premises), Services (Educational Service, Implementation Service, Consulting Service and Others), Disease Type (Cardiovascular Diseases (CVD), Diabetes, Arthritis, Asthma, Diabetes, Cancer and Others), End User (Healthcare Providers, Healthcare Payers, Others)-Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, chronic disease management technology has become one of the significant needs across health systems. The use of chronic disease management technology is proven highly beneficial for managing multiple chronic diseases and declining outcomes of lifestyle-related illnesses. The services provided under this technology streamline medical treatments and offer healthcare providers information regarding potential future issues.
- Data Bridge Market Research analyses that the chronic disease management technology market is expected to reach at a CAGR of 9.6% during the forecast period. The rise in the adoption of smartphones and innovative technology in the healthcare IT industry is escalating the growth of chronic disease management technology market.
Market Definition
Chronic disease management contains a predefined set of activities that offer excellent medical services and work on patients' personal satisfaction. Chronic ailment management is known to work as a chronic ailment condition multidisciplinary therapy proposal for chronic disease self-management model, and counselling on lifestyle options in order to raise information about different diseases.
Chronic Disease Management Technology Market Dynamics
Major factors that are expected to boost the growth of the chronic disease management technology market in the forecast period are as follows:
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The increase in the aging population.
The surge in the aging population due to the natural phenomena of aging and as the body ages the capacity of organs such pancreas, kidneys, respiratory system and so forth decreases, thus lifting the chronic disease management technology market growth.
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The increase in the cases of chronic diseases
The growing chronic diseases, including several muscle problems, breathing disorders such as Asthma, kidney issues, or diabetes, or COPD are lifting the growth the chronic disease management technology market.
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Rise in the population working-class people
The hectic working lifestyle and irregular eating habits which are one of the major reasons for the growing chronic diseases is further estimated to cushion the growth of the chronic disease management technology market.
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Growing rate of obesity
The increase in the incidence of diabetes and rising number of programs initiated by several health organizations related to health awareness.
Additionally, the advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the chronic disease management technology market.
Opportunities
In addition, the rise in the awareness of nutritional management of chronic renal disease and growing service provider offerings which have raised demand for chronic illness management services will further provide potential opportunities for the growth of the chronic disease management technology market in the coming years.
Restraints/Challenges
On the other hand, the dearth of availability in low and middle income countries is further projected to impede the growth of the chronic disease management technology market in the timeline period. However, the shortage of adherence and noncompliance of patients to the treatment plan which might further challenge the growth of the chronic disease management technology market in the near future.
This chronic disease management technology 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 chronic disease management technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Chronic Disease Management Technology Market
The COVID-19 pandemic positively impacts the chronic disease management technology market. The demand for chronic disease management technology has increased due to the rising cases of chronic illnesses such as cardiovascular diseases, chronic respiratory disease, and diabetes. A high need for management technology has emerged with the COVID crisis as these systems assist in accurate and timely patient health records. These services provide effective tools and framework for exchanging and interpreting health related data in real-time for clinical and financial decision making. Therefore, there is high need among patients with chronic conditions with the emergence of new variant of the Corona virus in the post-pandemic scenario.
Recent Development
- One Medical, a membership-based primary care company, launched Impact by One Medical in October, 2021. The newly launched platform aims to prevent and manage chronic conditions for One Medical members.
- Health2Sync introduced new edition in their personalized chronic disease management with an expanded coverage of the patient journey in Jan, 2022. The latest version of the mobile application captures continuous glucose monitoring (CGM) data to enhance overall lifestyles.
Global Chronic Disease Management Technology Market Scope
The chronic disease management technology market is segmented on the basis of delivery mode, services, disease type 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.
Delivery Mode
- Cloud-Based
- On-Premises
On the basis of delivery mode, the chronic disease management technology market is segmented into cloud-based and on-premises.
Services
- Educational Service
- Implementation Service
- Consulting Service
- Others
On the basis of services, the chronic disease management technology market is segmented into educational service, implementation service, consulting service and others.
Disease Type
- Cardiovascular Diseases (CVD)
- Diabetes
- Arthritis
- Asthma
- Diabetes
- Cancer
- Others
On the basis of deployment, the chronic disease management technology market is segmented into cardiovascular diseases (CVD), diabetes, arthritis, asthma, diabetes, cancer and others.
End User
- Healthcare Providers
- Healthcare Payers
- Others
On the basis of end user, the chronic disease management technology market is segmented into healthcare providers, healthcare payers, others.
Chronic Disease Management Technology Market Regional Analysis/Insights
The chronic disease management technology market is analysed and market size insights and trends are provided by country, delivery mode, services, disease type and end user as referenced above.
The countries covered in the chronic disease management technology market report are 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.
Americas dominates the chronic disease management technology market due to the rise in the incidence of chronic diseases. Furthermore, the increased research and development by pharmaceutical and biotechnology companies and increase in healthcare expenditure will further boost the growth of the chronic disease management technology market in the region during the forecast period.
Asia-Pacific is projected to observe a significant amount of growth in the chronic disease management technology market due to the rise in the population. Moreover, the growing need for technologically advanced medicines is further anticipated to propel the chronic disease management technology market's growth in the coming years.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The chronic disease management technology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for chronic disease management technology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the chronic disease management technology market. The data is available for historic period 2010-2020.
Competitive Landscape and Chronic Disease Management Technology Market Share Analysis
The chronic disease management technology 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 to chronic disease management technology market.
Some of the major players operating in the chronic disease management technology market are Pegasystems, AxisPoint Health, Medecision, HealthSmart Holdings, Inc., Allscripts Healthcare Solutions, LLC, ZeOmega., Epic Systems Corporation., Infosys Limited, Cognizant, Siemens, MINES & Associates, Inc., Koninklijke Philips NV, EXL Holdings, Inc., Medical Web Experts LLC, HealthCare atHOME, IBM, Nexcess.Net, LLC among others.
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