Care Management Solutions Market by Application (Utilization Management, Disease Management, Chronic Care Management, and Case Management), by Delivery Mode (Cloud-Based, On-Premises Delivery Mode, and Web-Based), by Component (Software and Services), and by End User (Providers, Payers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global care management solutions market expected to generate revenue of around USD 25.8 billion by end of 2024, growing at a CAGR of around 17.5% between 2018 and 2024. The care management solutions market is mainly driven by its prominent characteristics of the solutions which include enhanced productivity, patient-centric, cost-effective, efficient, and safe solutions.

22-Aug-2018 | Number of pages: 110 | Report Code: ZMR-876 | Report Format : | Status : Published

Analysis

Care management solutions are healthcare-based integrated web solutions. They mainly provide patient-centric, cost-effective, efficient, and safe solutions. Care management solutions are the prominent tool used by payer, provider, government bodies, and employee groups. Attributed to the fact of growing demand for the care management solutions, the global market is anticipated to touch the new heights of growth.

As per the World Health Organization, cardiovascular diseases are one of the primary causes of death worldwide. About 17.5 million people died because of cardiovascular disease in 2015 representing 31% of all global deaths. Additionally, as per the World Health Organization estimates, worldwide, there were 14 million new cancer cases in 2012 and 8.8 million deaths resulted due to cancer in 2015. Globally, approximately 1 in 6 deaths is because of cancer. Also, the global burden of these disorders is increasing owing to the increasing geriatric population base across the world. According to the World Health Organization, the number of people who are aged 60 or above is expected to be doubled by 2050 and will reach 2.1 billion in 2050 from 962 million globally. Thus, care management solutions market has vast potential in terms of large patient pool and upsurge need for a significant prominent platform for healthcare management. This is estimated to drive the care management solutions market services over the estimated period.

Global Care Management Solutions Market

The global care management solutions market is divided into its application, delivery mode, component, and end user. On the basis of the application, the market is divided into utilization management, disease management, chronic care management, and case management.

Based on delivery mode, the care management solutions market is categorized into cloud-based, on-premises, and web-based. By delivery mode, the cloud-based segment is estimated to show prominent CAGR growth owing to the significant features such as flexibility, affordability, and scalability.
 
By components, the care management solutions are segmented into software and services. The service segment is further segmented into post-sale & maintenance services, consulting services, training and education services, and implementation services.

On the basis of the end user, the care management solutions market is segregated into providers, payers, and others. Providers segment is further segmented into ambulatory care centers, hospitals, physician groups, & integrated delivery networks, diagnostic and imaging centers, home healthcare agencies, nursing homes & assisted living facilities, and others. By payers, the market is bifurcated into public payers and private payers.

North America is anticipated to be the dominant region in the care management solutions market over the forecast period. Favorable government policies supporting the invasion of new and advanced services, development in the healthcare infrastructure and research grant by the government and ruling authorities are expected to propel the growth of the market in this region. Europe is the second largest market followed by the Asia Pacific. Large healthcare industry due to the large population base in the Asia Pacific region, especially in India, China, and Japan is the significant accelerating growth factor of the care management solutions market. Therefore, Asia Pacific is anticipated to show the fastest CAGR growth during the forecast period whereas Latin America market is estimated to grow at a slow to moderate rate during the forecast period. The Middle East and Africa are also expected to cover the prominent market value share in the care management solutions market global market.

Some of the key players in care management solutions market include Allscripts Healthcare Solutions, Inc., EXL Healthcare, ZeOmega Inc., Phytel Inc., AxisPoint Health, TriZetto Corporation, Epic Corporation Inc., McKesson Corporation, Harmony Information Systems, Inc., Pegasystems Inc., i2i Systems, Inc., HealthSmart Holdings, Inc., Medecision, Inc., and others.


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