Chronic Care Management Software Market in Focus: Forecasting Growth Drivers, Scaling Potential, and Global Opportunities
Discover trends, market shifts, and competitive outlooks for the chronic care management software industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Chronic Care Management Software Market Size Shifted, And What Is the Outlook Through 2034?
The market size for chronic care management software has experienced a significant expansion in the past few years. Its anticipated growth will be from $13.44 billion in 2024 to $15.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.4%. The surge witnessed in the historic time frame is a result of the escalating prevalence of chronic illnesses, an expanding elderly population, a focus on patient-centric care, an increase in demand for remote patient monitoring, and escalating healthcare expenses.
Anticipations predict a quick expansion for the chronic care management software market in the coming years. The market is projected to rise to $26.35 billion by 2029, with a compound annual growth rate (CAGR) of 14.4%. The predicted development within the projection period is mainly due to the uptake of telemedicine and virtual care, a heightened emphasis on preventive care, a growing demand for interoperable healthcare solutions, an increase in healthcare consumerism, and regulatory backing for chronic care management initiatives. The forecast period also includes significant trends such as personalized chronic disease management, the use of wearables and Internet of Things (IoT) devices, the roll-out of telehealth platforms, the deployment of predictive analytics for proactive care, and the implementation of technologies for remote patient observation.
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What Are the Core Market Drivers Propelling Growth in the Chronic Care Management Software Industry?
The rise in the use of healthcare information technology (IT) solutions is projected to fuel the progress of the chronic care management software market. These solutions, which encompass digital technologies and strategies designed to optimize healthcare processes, boost the quality of patient care, and enhance overall health outcomes, are becoming increasingly essential in improving efficiency, enhancing patient care, streamlining operations, and complying with regulations within an increasingly digital healthcare landscape. With various IT tools, chronic care management software enhances care quality for patients with chronic disorders by fostering improved communication, coordination, and monitoring of their healthcare needs. For example, the Healthcare Information and Management Systems Society (HIMSS), a not-for-profit organization in the US, indicated in their January 2022 report that a remarkable 80% of healthcare providers are planning to increase their spending on technology and digital solutions in the next five years. Moreover, a survey in February 2023 by Rock Health, a health technology firm in the US, demonstrated out of 8,014 participants, 76% of individuals over 55 had used telemedicine services, and 80% of all participants had at some point accessed care via telemedicine—an increase of 8% from 72% in 2021. Consequently, the escalating use of healthcare information technology (IT) solutions is propelling the expansion of the chronic care management software market.
How Is the Chronic Care Management Software Market Segmented?
The chronic care management software market covered in this report is segmented –
1) By Type: Standalone Software, Integrated Software
2) By Deployment: Cloud-Based, Web-Based, On-Premise
3) By Application: Chronic Disease Management, Case Management, Communication And Collaboration, Other Applications
4) By End User: Hospitals, Clinics, Specialty Centers, Other End Users
Subsegments:
1) By Standalone Software: Remote Patient Monitoring Software, Chronic Disease Tracking Software, Appointment Scheduling Software, Medication Management Software, Patient Engagement Software, Electronic Health Records (EHR) Software, Data Analytics and Reporting Tools
2) By Integrated Software: Integrated Chronic Care Management Platforms, Telehealth and Telemedicine Integration, Health Information Exchange (HIE) Systems, Care Coordination and Communication Tools, Population Health Management Solutions, Billing and Revenue Cycle Management Integration, Patient Portal and Mobile App Integration
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Which Regions Are Driving the Next Phase of the Chronic Care Management Software Market Growth?
North America was the largest region in the chronic care management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chronic care management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Key Market Trends and Innovations Are Shaping the Future of the Chronic Care Management Software Industry?
Leading firms in the chronic care management software market are concentrating on the development of cutting-edge solutions such as EHR-integrated software to enhance their market position through superior patient results, improved care coordination, and efficient workflows for healthcare providers. This type of software for chronic care simplifies patient management by integrating real-time health information, treatment strategies, and communication resources within a single electronic health record system. For example, in March 2024, Rimidi, a US-based digital health firm, initiated the Rimidi Care Network – a collaborative program for remote patient monitoring service providers meant to expand the reach of RPM services. This initiative is planned to link healthcare providers, payers, and tech vendors, facilitating them to effectively distribute Rimidi’s solutions across a broader spectrum of healthcare environments. By merging with electronic health records and providing user-friendly RPM tools, Rimidi aims to assist organizations in improving patient engagement, particularly in chronic condition management. The program is designed to simplify remote care services, enhance results and broaden the access to groups that would benefit from remote health monitoring.
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How Is the Chronic Care Management Software Market Defined and What Are Its Core Parameters?
Chronic care management software is a digital solution designed to assist healthcare providers in managing and coordinating care for patients with chronic conditions. This software helps healthcare providers streamline care delivery, track patient progress, and improve outcomes for individuals with chronic health issues.
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