Press release
Integrated Care Management Market 2021 Growth, Cost Analysis and Forecast till 2030
COVID-19 Impact on the Global Integrated Care Management Market
COVID-19 had a significant impact on the growth of the market. During COVID-19, various companies and healthcare providers introduced different integrated care packages to ensure the safety of patients in their home settings. The demand for integrated care management has increased amid the pandemic to manage such integrated care services. Further, during the pandemic, people also opted for integrated home care services, as panic was their due to the high impact of COVID-19 on every individual and market.
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Scope of the Integrated Care Management
The study categorizes the integrated care management market based on integration type, component type, integration method, integration level, and integration care model at the regional and global levels.
By Integration Type
Organizational
Functional
Service
Clinical
By Component Type
Service
Software
Hardware
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By Integration Level
Macro
Meso
Micro
By Integrated Care Model
Population-based Model
Group and disease-specific models
Individual Models
By Region
North America
US
Canada
Mexico
South America
Brazil
Argentina
Colombia
Peru
Rest of South America
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
Hungary
Czech Republic
Belgium
The Netherlands
Norway
Sweden
Denmark
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
Myanmar
Cambodia
The Philippines
Singapore
Australia
New Zealand
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
The software segment is projected to account for the highest CAGR by component type in the integrated care management market
Based on integration type, the global integrated care management market is bifurcated into software, hardware, and service. Among them, the services accounted for the highest market share in 2021 due to the integrated care management offered by various healthcare giants to cater to the needs of the patients. However, the software is estimated to showcase the highest CAGR growth during the forecasting period. The growth is attributed to the growing investment in technology and emerging integrated care management software, which will drive the segment's growth.
North America accounts for the highest market share in the integrated care management market
Based on the regions, the global integrated care management has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, North America accounts for the highest market share in the integrated care management market and is estimated to hold the highest market share over the forecasting period. Owing to the presence of well-established market players across the region, including IBM, Genex Services, and more. Further, the growing technological advancements across the regions will drive the market's growth.
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Key Market Players in the Global Integrated Care Management Market
On the basis of research and analysis below are some key market players adopting various strategies to enhance their customer base and market position:
Wipro
Integrated Care Solutions
InfoMC
Uphealth Inc.
Lightbeam
OSP Labs
Centene Corporation
The General Hospital Corporation
IBM
Healthedge
Genex Services
ExlService Holdings, Inc. and Affiliates
Philips
Access
Some key strategies are as follows
In September 2021, Access acquired Servelec to develop integrated health and social care offerings. This will enhance the company's product portfolio and enable the company to cater to customers' needs.
In January 2021, Philips inked an agreement to acquire Capsule Technologies, Inc. This acquisition will expand its business in integrated patient care management solutions for the hospitals.
Key Issues Addressed
What is the market size by various segmentation of the integrated care management by region and its respective countries?
What are the customer buying behavior, key takeaways, and Porter's 5 forces of the integrated care management market?
What are the key opportunities and trends for manufacturers involved in the integrated care management supply chain?
What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
What and how regulations, schemes, patents, and policies are impacting the growth of the market?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
The market player positioning, top winning strategies by years, company product developments, and launches will be?
How has COVID-19 impacted the demand and sales of integrated care management in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
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