Global Care Management Solutions Market Size, Share, Trends And Drivers 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest care management solutions market share, and Asia-Pacific was the fastest-growing region in 2022.
The global care management solutions market is expected to grow from $14.14 billion in 2022 to $16.56 billion in 2023 at a compound annual growth rate (CAGR) of 17.2%. The care management solutions market size is expected to grow to $29.47 billion in 2027 at a CAGR of 15.5%.
Major Driver In The Care Management Solutions Market – Increase In Investment In Digital Healthcare
According to the Healthcare Information and Management Systems Society, a non-profit healthcare organisation based in the United States, funding for digital communication technology increased by 72% during the COVID-19 outbreak in 2021, and telemedicine alone received $4.3 billion in funding in 2020. Total investment in digital health has reached an all-time high of $26.5 billion. As a result, rising investment in digital healthcare is fueling demand for the care management solutions market.
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Key Care Management Solutions Market Segments
1) By Component: Software, Services
2) By Delivery Mode: On-premise, Cloud-based
3) By Application: Disease Management, Case Management, Utilization Management
4) By End User: Hospitals And Clinics, Accountable Care Organizations (ACOs), Health Insurance Providers, Other End-Users
Recent Care Management Solutions Market Trend – Technological Advancement
To increase their market position, major organisations in the care management solutions sector are focusing on developing innovative technical solutions. For example, VirtualHealth, a comprehensive care management platform based in the United States, will launch HELIOS Essentials in October 2020. HELIOS Essentials offers unrivalled configuration and powerful AI-powered automations for specialised care providers and mid-sized healthcare organisations. It eliminates data silos, streamlines operations, makes better use of IT resources, and allows for value-based, whole-person care. This launch signifies yet another step forward for the organisation and the industry for care management solutions.
Care Management Solutions Market Prominent Players
Major players in the care management solutions market are Cerner Corporation, International Business Machines Corporation, Koninklijke Philips N.V., ZeOmega Infotech Private Limited, i2i Population Health, EPIC Systems Inc., Salesforce Inc., Pegasystems Inc., Mediware Information Systems, Allscripts Healthcare Solutions Inc., EXL Service Holdings, Exlservice Holdings Inc., Zeomega Inc., Health Catalyst Inc., Conduent Inc., Envolve Health, Trizetto Corporation, Healthsmart Holdings Inc., and Axispoint Health.
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The Care Management Solutions Global Market Report 2023 provides a comprehensive overview on the care management solutions market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the care management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Care management solutions are a collection of services that patients can employ to treat chronic illnesses. They are utilised to give a comprehensive collection of services and activities to those suffering from chronic or complex medical diseases.
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