The global care management solutions market is anticipated to be worth roughly USD 11894.9 million in 2021 and approximately USD 22128.4 million by 2028, with a CAGR of nearly 10.9% over the forecast period.
Throughout the forecast period, the study examines the drivers, restraints/challenges, and their impact on demand in the care management solutions market. Furthermore, the report explores possible market opportunities for care management solutions.
Care management solutions Market: Overview
Care management systems have gained in relevance in recent years as both the global attention on healthcare and the cost of healthcare have increased. The global healthcare infrastructure is rapidly expanding, fuelling the growth of the care management solutions market through 2028. Some of the major factors influencing the adoption of care management solutions during the forecast period are rising healthcare expenditure, increased healthcare focus, increased technological proliferation, increased patient-centric healthcare focus, increased investments, and increased burden on healthcare infrastructure. However, a lack of experienced employees to successfully utilize and operate care management systems is predicted to be a major restraining factor through 2028, limiting the market’s long-term potential.
The growing requirement for care management solutions such as cloud-based software and on-premise services is driving the growth of the worldwide care management solutions market. Additionally, advances in information technology and the increasing usage of healthcare IT for big data management are likely to drive the growth of the care management solutions market. Furthermore, the increased adoption of care management solutions for chronic care management is expected to drive market growth.
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The care management solutions market is segmented into components, mode of delivery, end user, and application & region. On the basis of components, it is segmented into software and services. By mode of delivery, the market is bifurcated into on-premise and cloud-based. On the basis of application, the market is segmented into disease management, case management, and others. On the basis of end users, it is segmented into healthcare providers (Hospital & Physician Groups, Ambulatory Care Centers, and Others), healthcare payers, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Global Care management solutions Market: Segmentation
Care management systems are classified into components, delivery modes, applications, end users, and geographies in the global market.
The market is divided into two delivery types: cloud-based and on-premise. Because cloud technology is gaining popularity around the world, the cloud-based category is predicted to increase substantially over the forecast period. Over the forecast period, the growing use of cloud-based solutions will also boost the global care management solutions market rise.
The care management solutions market is divided into three end-user categories: healthcare providers, healthcare payers, and others. The provider segment is expected to remain dominant through 2028. Growing need for patient-centered care solutions, rising healthcare spending, an expanding patient pool, and a growing need for productive and efficient workers
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
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