The care management solutions market was valued at USD 13.43 billion in 2021 and is projected to reach USD 35.44 billion by 2030, growing at a CAGR of 11.4% from 2022 to 2030.
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Growth Factors
Care management solution offer holistic care operation software to give better quality of care, make better opinions and to achieve stylish possible health. These results are patient-centric and aid in better population health & medical operation. The care management solution aid in easy data access for the physicians at distant locales and give with information on collaboration & care, cooperative care planning, complaint & application operation. The care management solution allows identifying and covering the high- threat populations. Also, these results helping in determining the applicable situations of care and managing interventions. In addition, the growth of the care management solution market can be attributed to the growing senior population, adding frequentness of habitual conditions, and rising operation of case-centric results by the healthcare providers. Also, perfecting advancements in IT results and big data capabilities add new openings for the global care management solution market over the cast period.
In addition, numerous initiatives have been taken worldwide in order to move the risk borne burden via healthcare payers to providers. This shift promotes the healthcare information technology (HCIT) solutions adoption (like care management solutions) in order to reduce unnecessary costs and enhance the efficiency of healthcare delivered. Furthermore, value-based care is further promoted via alternative models of payment like bundled payments, consumer incentives, and physician incentives, are few among others. These payment models are designed in order to motivate the healthcare providers to accept the responsibility of care delivered, thus this is causing a leading shift of risk from payers to providers.
While shocking, the US is reported to have some of the worst metarnal health issues in the advanced world. A new care model of metarnal and infant health is heralded, and VBC and care operation could make a major, positive impact. Marketable insurers like UnitedHealthcare, Humana, and Cigna have announced programs to test maternal health packets in specific markets. These packets further include obstetric and primary care through to 60 to 90 days perinatal, and thus influence providers to came across settings and stages of a woman’s health. For 2020, it’s possible to see the launch of a public demonstration of motherly packets through the Center for Medicare & Medicaid Innovation.
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 |
Companies Mentioned | 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 |
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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.
Care Management Solutions Market Dynamics
Drivers: Implementation of initiatives to shift the burden of risk from healthcare payers to providers
Globally, various initiatives are being implemented to shift the burden of risk borne by healthcare payers to providers. This shift promotes the adoption of healthcare information technology (HCIT) solutions (such as care management solutions) to increase the efficiency of healthcare delivered and reduce unnecessary costs. Value-based care is also promoted through alternative payment models such as bundled payments, physician incentives, and consumer incentives, among others. These models of payment are designed to encourage healthcare providers to accept the accountability of care delivered, thus leading to the shift of risk from payers to providers.
Restrains: Shortage of skilled professionals
The effective utilization of care management solutions demands a strong IT infrastructure and IT support within the organization as well as at the solution provider’s end. In a healthcare organization, there is a continuous need for technical support for maintaining the server and network for the smooth operation of clinical workflows and optimum interfacing speed of care management solutions. If the maintenance of the server or network is inadequate, it leads to the generation of screen loads, which slows down the clinical workflow.
Opportunities: Emerging countries offer high-growth potential
A number of factors, such as the implementation of government initiatives supporting the adoption of HCIT solutions and rising government healthcare expenditure, are driving the growth of this market in Asia. Technological advancements are playing a key role as authorities in China are focusing on reforming the country’s healthcare management sector, which is currently facing challenges such as underfunded rural health centers, overburdened city hospitals, and a nationwide shortage of doctors. The Indian government started the Digital India campaign in July 2015 to ensure that government services are made available to citizens electronically by improving IT infrastructure and improving internet connectivity in the country. Government initiatives for the implementation of HCIT solutions, rise in government spending on healthcare systems, and the presence of skilled IT experts are favoring the growth of the care management solutions market in the Asia Pacific region.
Challenge: Data breaches and loss of confidentiality
The digitization of medical/patient information has created greater data risks and liabilities and increased the chance of data breaches. This could be mainly due to a lack of internal control over patient information, adherence to outdated policies and procedures/non-adherence to existing ones, and inadequate personnel training. The potential for data security and confidentiality breaches associated with digitization may affect the adoption of HCIT solutions in the short term until measures are taken to address current issues. As a result, this may negatively impact the growth of the 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.
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
Why should you invest in this report?
If you are aiming to enter the global care management solutions market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for care management solutions market are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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
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