Care Management Solutions Market 2020 Global Industry Analysis, Growth Trends and Forecast 2025 | Health Catalyst, MedSolis Inc.IBM Corporation, Optum, Inc., Casenet, LLC, ZeOmega, Conduent, Inc., and Cognizant Technology

The global care management solutions market was valued at USD 12,511.0 million in 2019 and is expected to grow at a CAGR of 12.5% over the forecast period. The rise in demand for care management solutions software can be attributed to the growing geriatric population, rising prevalence of chronic diseases along with increasing demand for patient-centric solutions among healthcare providers. Furthermore, advancement in IT solutions and big data management capabilities accelerates the development of care management solutions software in the forecasted period.

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Care management solutions is a comprehensive suite of services and activities that help patients with chronic or complex conditions manage their health. There are various care management solutions services provided, which include ongoing IT support & implementation service, consulting services, training & education services, and post-scale & maintenance services etc.

The need for care management solution services is increasing with the rise in prevalence of various chronic diseases. Services for instance disease management programs, which guide patients through a daily health check based on their health conditions such as anxiety, asthma, bipolar, chronic kidney disease (CKD), chronic obstructive pulmonary disease (COPD), Depression, Diabetes and Coronary artery disease (CAD) etc.

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According to the report from the Centers for Disease Control and Prevention, Americans living with chronic physical and mental health conditions account for 90% of the USD 3.5 trillion the U.S. spends each year on healthcare. Appropriate care management solutions services can help healthcare organizations lower those costs, while improving care quality and efficiency.

In terms of component, software segment dominated the global market in 2018. However, services segment is likely to emerge as the most lucrative of them. The services segment is likely to grow at a CAGR of 15.6% over the forecast period.

In terms of delivery mode, cloud-based segment dominated the global market in 2018 and is predicted to maintain its market position by 2025. Digitization of healthcare systems coupled with emphasis on paper less operations is the major factor for transfer of all the physical documents in cloud-based platforms.

In terms of application, chronic care management segment accounted for majority of the market share and is likely to maintain its market dominance in coming years. increasing prevalence of chronic medical conditions such as cancer, cardiovascular diseases, neurological disorders which require frequent patient monitoring and counselling is anticipated to dive the segment growth in coming years.

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The growing patient pool across the globe is demanding the need for high-quality care at a lowered cost. The healthcare providers across the globe are facing the daunting task of revamping the delivery system to improve quality and continuum care at lowered costs. Furthermore, healthcare organizations are working towards managing the growing healthcare needs & reducing per capita healthcare costs to transform the delivery of care. The rising disposable income, healthcare expenditure, and government initiatives towards the betterment of healthcare facilities across emerging economies like China, Japan, and India are projected to offer fresh revenue generation avenues for the market players over the forecast period.

Key Segments of Global Care Management Solutions Market

Component Overview, 2015-2025 (USD Million)

Software

Services

Delivery Mode Overview, 2015-2025 (USD Million)

On Premise

Cloud Based

Application Overview, 2015-2025 (USD Million)

Chronic Care Management

Case Management System

Utilization Management

Others

Regional Overview, 2015-2025 (USD Million)

North America

U.S.

Canada

Europe

Germany

United Kingdom

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Central and South America

Middle East & Africa

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