Care Management Solutions Industry – Technological Advancements Reduce Healthcare Costs Providing Better Results

The report " Care Management Solutions Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud Based), End-user (Provider, Payer), Application (Chronic Care Management, Case Management) - Analysis & Global Forecasts to 2021", This report studies the global care management solutions market over the forecast period of 2016 to 2021. This market is expected to reach USD 15.70 Billion by 2021 from USD 6.93 Billion in 2016, at a CAGR of 17.8%.

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Factors such as the implementation of initiatives to shift the burden of risk from payers to providers, legislations and initiatives to promote ‘patient-centeredness’ in healthcare, rising geriatric population coupled with the burden of chronic diseases, need to reduce healthcare costs, growth in the medical tourism sector, and advancing IT and big data capabilities are driving the growth of the market.

However, inadequate patient engagement, reluctance among providers to adopt care management solutions, requirement of infrastructural investments, low usage of the internet and HCIT solutions, data security concerns related to cloud-based solutions, and a lack of interoperability are expected to restrain market growth.

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On the other hand, emerging markets, growth of consumer awareness and participation in the healthcare delivery process, technological advancements in healthcare IT solutions, the rising adoption of cloud-based models, and growing medical tourism offer growth opportunities for players in the market.

Care management solutions find major applications in the management of chronic conditions. Chronic care management solutions are used to coordinate care processes for patients with long-term care needs to empower them to better manage their conditions and increase their compliance with care interventions. These solutions are also used in for case management, disease management and utilization management. The chronic care management solutions segment is the fastest-growing segment and expected to command the largest share of the global care management solutions market in 2016.

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Providers are encouraging patients to adopt health management solutions as they help save time for providers and reduce gaps in care. Chronic care management solutions empower patients to improve the quality of care, resulting in better clinical and financial outcomes.

Geographically, the care management solutions market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). However, the European region is expected to grow at the highest CAGR during the forecast period.

Allscripts Healthcare Solutions, Inc. (U.S.), TriZetto Corporation (U.S.), Phytel Inc. (U.S.), EXL Healthcare (U.S.), AxisPoint Health (U.S.), Wellcentive, Inc. (U.S.), Medecision, Inc. (U.S.), ZeOmega Inc. (U.S.), i2i Systems, Inc. (U.S.), HealthSmart Holdings, Inc. (U.S.), Pegasystems Inc. (U.S.), Epic Corporation Inc. (U.S.), and Harmony Information Systems, Inc. (U.S.) are some of the key players in the care management solutions market worldwide.

Stakeholders in the Care Management Solutions Market:

• Healthcare Institutions/Providers
• Healthcare Insurance Companies/Payers
• Healthcare IT Service Providers
• Venture Capitalists
• Government Bodies
• Corporate Entities
• Accountable Care Organizations

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