Care Management Solutions Market Size, Share, Trends, Growth 2032

Global Care Management Solutions Market Industry Prospective:

The global care management solutions market was worth around USD 11894.9 million in 2021 and is estimated to grow to about USD 22128.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.9 percent over the forecast period. The report analyzes the care management solutions market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the care management solutions market.

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Care management solutions Market: Overview

Care management solutions have gained massive popularity over the past few years owing to the rising focus on healthcare and increasing healthcare spending on a global scale. Healthcare infrastructure is developing rapidly across the world and will majorly propel care management solutions market growth through 2028.

Rising healthcare expenditure, increasing focus on healthcare, rising technological proliferation, rising focus on patient-centric healthcare, increasing investments, and growing burden on healthcare infrastructure are some major factors that influence the adoption of care management solutions over the forecast period.

However, the lack of skilled professionals to effectively use and manage care management solutions is anticipated to act as a major constraining factor through 2028 and will hamper the care management solutions market potential in the long run.

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COVID-19 Impact:

The COVID-19 pandemic increased the focus on healthcare as it created a health emergency like no other and put the world in shock. The sudden increase in load on healthcare facilities made it important to deploy technology and novel solutions to effectively manage the healthcare infrastructure and deal with the pandemic. The care management solutions proved to be highly effective in this situation and gained popularity.

However, lack of proper implementation infrastructure and lack of skilled workforce to deploy such management had a negative impact on the care management solutions market growth in 2020 and it could not attain its full potential.

The negative trend of the market is expected to diminish as the pandemic subsides and the world returns to normal. Increasing investments in healthcare and rising patient safety focus are expected to be prominent factors propelling market growth in the post-pandemic era.  

Care management solutions Market: Growth Drivers

Increasing Deployment of Initiatives to Create an Effective Healthcare Management Infrastructure

Advancements in technology have boosted several industry vertical growth and this trend is now highly prominent in the healthcare industry as well. Increasing demand for healthcare is putting pressure and burden on healthcare infrastructure that it’s not 9yet equipped to handle and this is boosting the adoption of care management solutions market growth through 2028. Increasing focus on shifting risk from healthcare payers to providers is expected to bolster the care management solutions market potential over the forecast.

Care management solutions Market: Restraints

Lack of Skilled Workforce

Care management solutions are deployed in accordance with multiple technologies and are effective with a developed and established IT infrastructure that is lacking in most healthcare systems across the world. However, there is a shortage of skilled professionals who could manage and maintain such IT-based care management solutions. This is expected to act as a key restraining factor for the care management solutions market potential through the forecast period.  

Global Care management solutions Market: Segmentation

The global care management solutions market is segregated based on component, delivery mode, application, end user, and region.

By Delivery mode, the market is divided into cloud-based, and on-premise. The cloud-based segment is anticipated to see stellar growth over the forecast period owing to the rising popularity of cloud technology across the world. Increasing adoption of cloud-based solutions will also propel this segment to drive the global care management solutions market growth over the forecast period.

By End user, the care management solutions market is segmented into healthcare providers, healthcare payers, and others. The provider’s segment is anticipated to hold a dominant outlook through 2028. Increasing demand for patient-oriented care solutions, rising healthcare expenditure, increasing patient pool, and growing demand for productive and efficient management solutions are some of the major factors driving this segment and care management solutions market potential through 2028.

Global Care Management Solutions Market: Report Scope:

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Recent Developments

• In November 2019 – Innovaccer a healthcare firm announced its collaboration with tech giant Microsoft Teams to launch its new care management solution. This new solution is crucial to deliver patient information and effectively manage it.

Regional Landscape

The market for care management solutions in North America will emerge as the most lucrative market in the global care management solutions market landscape. Increasing focus on healthcare, rising adoption of technology, increasing healthcare spending, increasing demand for patient safety, rising adoption by healthcare providers and payers, and presence of key care management solutions companies are some of the major factors that will be propelling the care management solutions market growth in this region. The United States and Canada are projected to be the most lucrative market in this region through 2028

Asia Pacific region will also have a bright outlook for the global care management solutions market in terms of revenue and volume share owing to developing healthcare infrastructure and rising investments in healthcare in emerging economies in this region. India, China, and Japan are expected to be prominent markets in this region over the forecast period.  

Competitive Landscape

Some of the main competitors dominating the global care management solutions market include - EXL Service Holdings, Inc. (US), Casenet, LLC (US), Medecision Inc. (US), ZeOmega Inc. (US), Cognizant Technology Solutions (US), Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), and Epic Systems Corporation (US).

Global Care Management Solutions Market is segmented as follows:

Global Care Management Solutions Market By Component

• Software
• Services

By Delivery mode

• On-premise
• Cloud-based

By Application

• Disease Management
• Case Management
• Utilization Management
• Other Applications

By End User

• Payers
• Providers
• Other end users

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa