Unlocking the Future of the Accountable Care Solutions Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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Analyzing the Growth Rate of the Accountable Care Solutions Market: What’s the Expected CAGR for the Next Decade?
In recent times, there has been a substantial expansion in the accountable care solutions market size. The market, which is expected to be worth $25.42 billion in 2024, is predicted to escalate to $29.03 billion in 2025 with a compound annual growth rate (CAGR) of 14.2%. The historical growth in this market can be credited to factors such as an increase in healthcare spending, wider use of patient-focused solutions, patient engagement tools’ increased usage, a surge in health care analytics demand and a rise in accountable care solutions’ adoption by healthcare institutions.
The market size for accountable care solutions is predicted to undergo quick expansion in the coming years. The expectation is for it to reach a value of $48.77 billion in 2029, growing at a compound annual growth rate (CAGR) of 13.8%. This progress in the forecasted period can be credited to factors such as the escalating adoption of value-based care, an increase in population health management, a heightened focus on population health, consumer demand for higher quality care, and the rising adoption of integrated care models. Notable trends in the projection period encompass embracing value-based care, increased use of cloud-based platforms, an expanding emphasis on patient interaction, utilization of patient-centric solutions, and advancements in remote patient monitoring.
Which Major Market Drivers Are Expected to Boost the Accountable Care Solutions Market’s Growth Potential?
The surge in chronic diseases is predicted to fuel accountable care market expansion in the imminent future. Chronic illnesses persist over more than a year, often requiring uninterrupted care and interfering with day-to-day life. An older population, extended lifespans, and increasing instances of illnesses like heart disease and diabetes are key contributors to the rise in chronic diseases. Accountable care solutions support management of these chronic diseases by enhancing patient care coordination, improving results, and reducing expenditure with coordinated preventive measures. For example, in January 2023, the National Center for Biotechnology Information (NCBI) – a US-based National Library of Medicine, projected that by 2035, at least one chronic condition would afflict 35.66% of adults aged 50 and over, climbing to 47.81% by 2050. Therefore, the escalation in chronic diseases prevalence is spurring the growth of the accountable care market.
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What Are the Leading Organizations Impacting the Accountable Care Solutions Market’s Growth?
Major companies operating in the accountable care solutions market are UnitedHealth Group, McKesson Corporation, Optum Inc., Oracle Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Infosys Limited, Change Healthcare, Aetna Inc., Athenahealth Inc., Lumeris, Inovalon Holdings Inc., eClinicalWorks LLC, NXGN Management LLC, Health Catalyst, Innovaccer Inc., ZeOmega Inc., MedeAnalytics Inc., HealthEC LLC, Azara Healthcare LLC, ISalus Healthcare LLC, Ayoka L.L.C.
What Are the Most Prominent Trends Driving Change in the Accountable Care Solutions Market?
Leading corporations in the accountable care solutions market are leveraging artificial intelligence (AI) models to provide higher-quality, more efficient alternatives in healthcare. These AI models are sophisticated systems equipped with innovative algorithms and technology to improve healthcare delivery, efficiency and performance. Their goal is to enhance patient care, allocate resources intelligibly, and accomplish cost-effective management using advanced algorithms and data analytics. Innovaccer, for instance, a digital healthcare firm based in the US, launched an AI-backed quality management solution in April 2024. This solution aids accountable care organizations (ACOs) in complying with the electronic clinical quality measures (eCQMs) reporting requirements set by the Centers for Medicare & Medicaid Services (CMS) for 2025. Its main features include AI-powered predictive models that improve gap closure and patient outreach, sophisticated analytics and efficient reporting capabilities for electronic clinical quality measures (eCQMs) and merit-based incentive payment system clinical quality measures (MIPS CQMs) processing, and a streamlined data flow facilitated by optimized worklist administration.
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What Are the Core Segments of the Accountable Care Solutions Market, and How Do They Contribute to Growth?
The accountable care solutionsmarket covered in this report is segmented –
1) By Component: Software, Services
2) By Solutions: Electronic Health Or Medical Records, Healthcare Analytics, Revenue Cycle Management Solutions (RCM), Patient Engagement Solutions, Population Health Management (PHM) Solutions, Claims Management Solutions, Healthcare Information Exchange (HIE), Other Solutions
3) By Deployment: On-Premise, Web And Cloud-Based
4) By End-User: Healthcare Providers, Healthcare Payers
Subsegments:
1) By Software: Population Health Management (PHM) Software, Electronic Health/Medical Records (EHR/EMR) Software, Care Management Software, Health Information Exchange (HIE) Software, Revenue Cycle Management (RCM) Software, Clinical Decision Support Systems (CDSS), Claims Management Software, Patient Engagement Software
2) By Services: Implementation Services, Consulting Services, Support & Maintenance Services, Training & Education Services, Managed Services, Analytics and Reporting Services.
What Regions Are Leading the Charge in the Accountable Care Solutions Market?
North America was the largest region in the accountable care solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the accountable care solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Accountable Care Solutions Market Categorized and Defined in the Industry?
Accountable care solutions (ACS) refer to a set of coordinated healthcare initiatives aimed at improving patient outcomes and reducing costs by promoting accountability among healthcare providers. These solutions typically involve the integration of several solutions to encourage providers to deliver high-quality care while efficiently managing resources. They are commonly used in value-based care models to enhance quality and efficiency in healthcare delivery.
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