Global Care Management Solutions Market Set For Rapid Growth, To Reach Around USD 25.8 Billion By 2024

22-Aug-2018 | Zion Market Research

Zion Market Research has published a new report titled “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”. According to the report, global care management solutions market was valued at approximately USD 8.1 billion in 2017 and is 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.

Increasing the dependability of software and cloud-based solutions in the healthcare industry along with the trending healthcare management solutions is estimated to accelerate the growth of care management solutions market over the estimated time.

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Global Care Management Solutions Market

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. Growing geriatric population along with the invasion of chronic diseases all across the globe is driving the market furthermore. Moreover, the care management solutions market is driven by the upsurge demand for flexible, affordable, and scalable solutions. Additionally, improved features of the care management solutions which include innovative and efficient solutions to the complex healthcare problems will increase overall productivity and consumer satisfaction. These factors are estimated to propel the care management solutions market in the near future. However, lack of trained professionals in the market, the high investment required to support the infrastructure, and reluctance shown by the patients to adopt care solutions due to the lack of awareness are acting as hurdles for the care management solutions and may affect its growth in long term. Nonetheless, significant investment by the government in care management solutions to provide more advanced & improved version of solutions across the globe coupled with the growing requirement for customized services embedded with data security features are likely to disclose the new avenues for the 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 a prominent CAGR growth because of significant features which include flexibility, affordability, and scalability. 

By components, the care management solutions are segmented as software and services. 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 as 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.

Based on region, the global care management solutions market is segmented as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In the care management solutions market, North America is anticipated to dominate the regional segment. Furthermore, in the North America region, the U.S is estimated to witness significant demand for a prominent platform for care management. Europe is estimated to be following the footsteps of North America. Asia Pacific region is also expected to be the significantly growing region for care management solutions market over the near future. Additionally, Latin America and the Middle East & Africa will show a moderate CAGR growth in the care management solutions market.

Some of the key players in care management solutions market include among 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.

This report segments the global care management solutions market as follows:

Global Care Management Solutions Market: By Application

  • Utilization Management
  • Disease Management
  • Chronic Care Management
  • Case Management 

Global Care Management Solutions Market: By Delivery Mode

  • Cloud-Based
  • On-Premises
  • Web-Based

Global Care Management Solutions Market: By Component

  • Software
  • Services 
    • Post-Sale & Maintenance Services
    • Consulting Services
    • Training and Education Services
    • Implementation Services

Global Care Management Solutions Market: By End User

  • Providers
    • Ambulatory Care Centers
    • Hospitals, Physician Groups, & Integrated Delivery Networks
    • Diagnostic and Imaging Centers
    • Home Healthcare Agencies, Nursing Homes & Assisted Living Facilities
    • Other Healthcare Providers
  •  Payers 
    • Public Payers
    • Private Payers 
  • Others

Global Care Management Solutions Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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