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Care Management Solutions Global Market Size, Share, Growth, Future Trends, Industry Analysis And Outlook By 2033 | Key Players: Axispoint Health LLC, Conduent Inc., Envolve Health LLC, EPIC Systems Inc., Exlservice Holdings Inc.
Care Management Solutions Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Care Management Solutions industry. This report on Care Management Solutions market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The care management solutions market size has grown rapidly in recent years. It will grow from $16.88 billion in 2023 to $19.77 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to aging population, increased chronic disease, electronic health records (EHR) adoption, population health management, and increased focus on healthcare data interoperability. The care management solutions market size is expected to see rapid growth in the next few years. It will grow to $35.7 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%.
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Key Market Players:
EXL Service Holdings Ltd., Allscripts Healthcare Solutions Inc., Axispoint Health LLC, Conduent Inc., Envolve Health LLC, EPIC Systems Inc., Exlservice Holdings Inc., Salesforce Inc., Health Catalyst Inc., The Progressive Corporation are prominent players in the Care Management Solutions industry.
Market Drivers:
According to the Care Management Solutions Market Report 2023 by The Business Research Company, the increase in investment in digital healthcare is expected to propel the growth of the care management solutions market going forward. Digital healthcare prevents disease and lowers healthcare costs while helping patients monitor and manage chronic conditions. It can also tailor medicine for individual patients. A digital healthcare solution would allow users to share and receive files online via desktops, laptops, and mobile devices. For instance, according to the Healthcare Information and Management Systems Society, a US-based not-for-profit healthcare organization, in 2021, the financing for digital communication technology grew by 72% during the COVID-19 outbreak, and telemedicine alone received $4.3 billion in financing in 2020.
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Market segments for Care Management Solutions include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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