Care Management Solutions Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region

"The Business Research Company recently released a comprehensive report on the Global Care Management Solutions Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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%. The growth in the forecast period can be attributed to heightened focus on healthcare data security, increasing use of remote patient monitoring technologies, wider use of mobile health apps, adoption of care management solutions in emerging healthcare markets, and increasing focus on preventive care. Major trends in the forecast period include integration of artificial intelligence (ai) and predictive analytics, sustainability and eco-friendly practices, integration of genomics and precision medicine into care management, collaborative efforts to integrate community health, and blockchain in healthcare.

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Market Drivers and Trends:

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. The total amount invested in digital health has hit an all-time high of $26.5 billion. Therefore, the increasing investment in digital healthcare is driving the demand for the care management solutions market.

Major companies operating in the care management solutions market are developing new advance solution and platform, such as medical management platforms to meet larger customer bases, more sales, and increase revenue. A medical management platform is a comprehensive and integrated software system or technology solution designed to facilitate and optimize various aspects of healthcare management. For instance, in October 2022, VirtualHealth, a US-based provider of healthcare solutions, launched HELIOS Essentials, a new preconfigured setup for their industry-dominant HELIOS platform. HELIOS Essentials is a distinctive solution tailored for specialty care providers and medium-sized healthcare organizations seeking exceptional customization and robust AI-driven automation. This cutting-edge platform offers an affordable, user-friendly, enterprise-level medical management solution. It eradicates data isolation, simplifies operations, lowers IT resource demands, and promotes comprehensive, value-driven healthcare. HELIOS Essentials serves as a cohesive ecosystem for contemporary care teams, fostering unmatched collaboration, coordination, automation, and healthcare provision.

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Major Key Players of the Market:

EXL Service Holdings Ltd., Allscripts Healthcare Solutions Inc., Axispoint Health LLC, Conduent Inc., Envolve Health LLC, EPIC Systems Inc., Exlservice Holdings Inc., Health Catalyst Inc., Healthsmart Holdings Inc., i2i Population Health, International Business Machines Corporation, Koninklijke Philips N.V., Mediware Information Systems, Pegasystems Inc., Salesforce Inc., Trizetto Corporation, Zeomega Inc., ZeOmega Infotech Private Limited, Athenahealth, Medical Transcription Billing Corporation, Casenet LLC, Cerner Corporation, Change Healthcare, Conifer Health Solutions, eClinicalWorks, Enli Health Intelligence Corp., Ensocare Care, GetWellNetwork, Harris Healthcare, IBM Watson Health, Jvion AI Company, McKesson Corporation, Medecision, Meditech Inc., Netsmart LLC, NextGen Healthcare, Optum Inc., RelayHealth Corp., TCS Healthcare Technologies, WellSky Corp., Zeiss Meditec AG

Care Management Solutions Market 2024 Key Insights:

• 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%.
• Digital Healthcare Investment Surge Fuels Growth In Care Management Solutions Market
• Innovative Solution For Specialty Care Providers And Medium-Sized Healthcare Organizations
• North America was the largest region in the care management solutions market in 2023

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