According to seasoned analysts, the care management solutions market is anticipated to garner notable gains, registering a CAGR of 11.4% during the forecast period 2022 to 2030. The report contains 180+ pages with detailed analysis.
The global care management solutions market size was valued at USD 13.43 billion in 2021 and is projected to reach US$ 35.44 billion by 2030.
The care management solutions market is anticipated to witness rapid growth owing to the growing senior population and the burden of habitual conditions. With the perpetration of enterprise to shift the burden of threat towards healthcare provider from healthcare payers, care management solutions offer a source in order to reduce healthcare costs and government enterprise to promote case-centric care.
In addition, the market is anticipated to witness growth, owing to the care operation consolidated technique and integrated patient’s care, which further enhances the quality of life by inhibiting problems with early care intervention. This leads to decline in healthcare costs and it further lowers the burden on healthcare payers & providers. Thus, the above mentioned factors are anticipated to boost the growth of the care management solutions market, worldwide.
The huge growth of the diseases management solutions segment is owing to the capability of these results to diminish the cost of care with the help of protocol operation and help ill health through comprehensive health operation. Individualities with habitual complaint conditions are reckoned for the maturity of the healthcare expenditure, and therefore, complaint operation reduces the outpatient and inpatient costs. Likewise, with the rising habitual complaint frequency and rising awareness, the habitual care management segment is also likely to witness strong growth during the cast period.
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Care Management Solutions Market Estimations Y-O-Y:
Market Size Was Valued In 2021 | US$ 13.43 Billion |
Market Size Is Projected to Reach By 2022 | US$ 14.92 Billion |
Market Size Is Projected to Reach By 2030 | US$ 35.44 Billion |
Compound Annual Growth Rate (CAGR) from 2022 to 2030 | 11.4% |
Care Management Solutions Market Regional Snapshot
North America comprises of the largest market share and is expected to retain its dominance throughout the forecast period, owing to the IT solutions advancements and a rise in demand for scalable and affordable solutions to curb healthcare costs. In addition, Asia-Pacific region is further expected to experience a high growth rate in the care management solutions market, in the upcoming time period, owing to the growing government initiatives and the increasing aging population.
Furthermore, the market of Asia Pacific region further has lucrative opportunities. Enhancement of healthcare amenities due to rapid economic growth witnessed in emerging countries such as Japan, China, South Korea, and India is one of the high impact market drivers. Growing investments & interest by protruding industry players and ongoing collaborations are also responsible for the growth of the region.
Report Scope of the Care Management Solutions Market
Report Coverage | Details |
Market Size by 2030 | USD 35.44 Billion |
Growth Rate from 2022 to 2030 | CAGR of 11.4% |
Largest Market | North America |
Fastest Growing Market | Asia Pacifc |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segments Covered | Component, Mode of Delivery, End User, Application, Geography |
Report Highlights
- Based on component, the market is segmented into software and services. Software accounted for the largest share in 2020 and is expected retain its dominance through 2030. The segment is also poised to register the fastest growth rate over the forecast period, thanks to ease of use and affordability of software.
- Based on mode of delivery, the care management solutions market is segmented into web-based, cloud-based, and on premise. The web-based segment accounted for the largest share in 2020, while cloud-based offerings are expected to register the fastest growth rate over the forecast period.
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Market Dynamics
Drivers
Implementation of initiatives to shift the burden of risk from healthcare payers to providers
Globally, numerous initiatives have been implemented in order to pass the risk borne burden of the healthcare payers to providers. This shift encourages the adoption of healthcare information technology (HCIT) solutions to reduce unnecessary costs and enhance the efficiency of healthcare delivered.
Furthermore, value-based care is further promoted via alternative payment models such as physician incentives, bundled payments, and consumer incentives, are few among others. These models of payment are designed in order to motivate healthcare providers to receive the creditability of care delivered, therefore leading to the shift of risk to providers from payers.
Restrains
Shortage of skilled professionals
The operational usage of care management solutions requires a strong IT support and IT infrastructure at the solution provider’s end as well as within the organization. In a healthcare organization, there is an unceasing need for technical support for the maintenance of the network and server for optimum interfacing care management speed solutions and smooth work flow. If the management of the network or server is insufficient, it causes generation of screen loads, which reduces down the clinical workflow.
Opportunities
Emerging countries offer high-growth potential
A number of factors, similar as the perpetration of government enterprise supporting the adoption of HCIT results and rising government healthcare expenditure, are driving the growth of this market in Asia. Technological advancements are playing a crucial part as authorities in China are fastening on reforming the country’s healthcare operation sector, which is presently facing challenges similar as underfunded pastoral health centers, overburdened megacity hospitals, and a civil deficit of doctors.
The Indian government started the Digital India crusade in July 2015 to insure that government services are made available to citizens electronically by perfecting IT structure and perfecting internet connectivity in the country. Government enterprise for the perpetration of HCIT results, rise in government spending on healthcare systems, and the presence of professed IT experts are favoring the growth of the care operation results market in the Asia Pacific region.
Challenge
Data breaches and loss of confidentiality
The digitization of medical/ patient information has created huge data pitfalls and arrears and increased the chance of data breaches. This could be substantially due to a lack of internal control over patient information, adherence to outdated programs and procedures/non-adherence to being bones, and inadequate training. The eventuality for confidentiality and data security breaches associated with digitization might affect the relinquishment of HCIT results in the short term until and unless certain measures are taken to resolve present issues. As a result, this may negatively impact the growth of the request.
Some of the prominent players in the global care management solutions market include:
- EXL Service Holdings, Inc.
- Casenet, LLC
- Medecision Inc.
- ZeOmega Inc.
- Cognizant Technology Solutions
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- Cerner Corporation
- EXL Healthcare
Segments Covered in the Report
By Component
- Software
- Services
By Mode of Delivery
- Web-based
- Cloud-based
- On premise
By End User
- Healthcare providers
- Healthcare payers
- Others
By Application
- Disease Management
- Case Management
- Utilization Management
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Care Management Solutions Market
5.1. COVID-19 Landscape: Care Management Solutions Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Care Management Solutions Market, By Component
8.1. Care Management Solutions Market, by Component Type, 2022-2030
8.1.1. Software
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Care Management Solutions Market, By Mode of Delivery
9.1. Care Management Solutions Market, by Mode of Delivery, 2022-2030
9.1.1. Web-based
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Cloud-based
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. On premise
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Care Management Solutions Market, By End User
10.1. Care Management Solutions Market, by End User, 2022-2030
10.1.1. Healthcare providers
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Healthcare payers
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Care Management Solutions Market, By Application
11.1. Care Management Solutions Market, by Application, 2022-2030
11.1.1. Disease Management
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Case Management
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Utilization Management
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Care Management Solutions Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Component (2017-2030)
12.1.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.1.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Component (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.1.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Component (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.1.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Component (2017-2030)
12.2.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.2.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Component (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.2.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Component (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.2.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Component (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.2.7.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Component (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.2.8.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Component (2017-2030)
12.3.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.3.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Component (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.3.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Component (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.3.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Component (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.3.7.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Component (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.3.8.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Component (2017-2030)
12.4.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.4.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Component (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.4.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Component (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.4.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Component (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.4.7.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Component (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.4.8.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Component (2017-2030)
12.5.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Component (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.5.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Component (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Mode of Delivery (2017-2030)
12.5.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
Chapter 13. Company Profiles
13.1. EXL Service Holdings, Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Casenet, LLC
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Medecision Inc.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. ZeOmega Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Cognizant Technology Solutions
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Cerner Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Allscripts Healthcare Solutions, Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Epic Systems Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Cerner Corporation
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. EXL Healthcare
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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Frequently Asked Questions:
[sc_fs_multi_faq headline-0=”h5″ question-0=”What is the current size of care management solutions market?” answer-0=”According to Precedence Research, the global care management solutions market size was reached at US$ 13.43 billion in 2021 and is anticipated to rake US$ 35.44 billion by 2030. ” image-0=”” headline-1=”h5″ question-1=”What will be the CAGR of global care management solutions market?” answer-1=”The global care management solutions market is growing at a notable CAGR of 11.4 % over the forecast period 2022 to 2030. ” image-1=”” headline-2=”h5″ question-2=”Who are the major players operating in the care management solutions market?” answer-2=”The major players operating in the care management solutions market are EXL Service Holdings, Inc., Casenet, LLC, Medecision Inc., ZeOmega Inc., Cognizant Technology Solutions, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Cerner Corporation, and EXL Healthcare. ” image-2=”” headline-3=”h5″ question-3=”Which are the driving factors of the care management solutions market?” answer-3=”The care management solutions market is anticipated to witness rapid growth owing to the growing senior population and the burden of habitual conditions. ” image-3=”” headline-4=”h5″ question-4=”Which region will lead the global care management solutions market?” answer-4=”North America dominated the market share in 2020 and is anticipated to sustain its dominance during the fourth coming time period.” image-4=”” count=”5″ html=”true” css_class=””]