The care management solutions market size was valued at $9.3 billion in 2021, and is estimated to reach $25.7 billion by 2031, growing at a CAGR of 10.7% from 2022 to 2031.
The set of initiatives aimed at enhancing patient care and lowering the demand for medical services by assisting patients and caregivers in effectively managing health conditions is known as care management. Many healthcare organizations are currently adopting risk-based contracts, where they are responsible for providing treatment to particular patient population, while using effective care management techniques.
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Factors that drive growth of global care management solutions market trends include technological advancement in healthcare sector, rise in awareness among people for better healthcare, and increase in healthcare spending. In addition, rise in R&D activities and new product launches by the key market players are anticipated to provide opportunities for growth care management solutions market share.
Depending on component, the market is categorized into software and services. The software segment exhibited highest growth in 2021, owing to adoption of cloud-based software in healthcare. In addition, software segment registered a highest CAGR from 2022 to 2031.
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On the basis of mode of delivery, the market is bifurcated into on-premise and cloud-based. On-premise segment was the major revenue contributor in 2021, as it provides greater protection of data and increased use of on-premise solutions by hospitals and healthcare professionals. However, cloud-based segment is expected to register highest CAGR from 2022 to 2031, owing to new innovations in the cloud-based services for managing the large volume data.
On the basis of application, the market is classified into disease management, case management, and others. Disease management segment dominated the market in 2021, owing to rise in chronic diseases and increased use of patient engagement solutions in many healthcare organizations. In addition, it is expected to register highest CAGR from 2022 to 2031.
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By end user, the market is divided into healthcare providers, healthcare payers, and others. Healthcare providers segment was the largest revenue contributor to the market in 2021, owing to increase adoption of care management solutions by ambulatory care centers and clinics. In additions, it is expected to register highest CAGR from 2022 to 2031.
Region wise, the care management solutions industry is studied across North America, Europe, Asia-Pacific, and LAMEA. North America held the highest market share in 2021, owing to increase in adoption of patient care solutions for achieving better healthcare quality. However, Asia-Pacific is expected to register highest CAGR from 2022 to 2031, owing to emergence of telemedicine and advancement in healthcare technology.
๐๐๐ซ๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Allscripts Healthcare Solutions, Inc., Athenahealth, axispoint health, Casenet LLC, Cerner Corporation, Cognizant Technology Solutions Corp., Epic Systems Corporation, epic systems corporation, EXL Service Holdings, Inc., Healthsmart Holdings Inc, I2I Systems Inc., Medecision Inc., ZeOmega Inc.
KEY FINDINGS OF THE STUDY:
Based on component, software segment was the highest revenue contributor to the market in 2021.
On the basis of mode of delivery, on-premise segment dominated the market in 2021.
Based on application, disease management segment dominated the market in 2021, and is expected to grow at a highestย CAGR .
Based on end user, healthcare provider segment was the highest revenue contributor to the market in 2021.
Based on region North America generated the largest revenue share in 2021, however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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