Care Management Solutions Market Size, Share, Growth Analysis, By Component(Software and Services), By Mode of Delivery(Web-based, Cloud-based, and on premise), By Application(Disease Management, Case Management, Utilization Management, and Others), By End User(Healthcare providers, and Healthcare payers.), By Region - Industry Forecast 2024-2031

Care Management Solutions Market Drivers:

Implementation of initiatives to shift the burden of risk from healthcare payers to providers

• Numerous measures have been put in place on a global scale to shift the risk-bearing responsibility from healthcare payers to providers. This change encourages the implementation of healthcare information technology (HCIT) solutions to cut wasteful spending and improve the effectiveness of healthcare services. Additionally, alternative payment models including physician incentives, bundled payments, and customer incentives, among others, further support value-based care.

An increase in chronic diseases among the older Population

• The incidence of chronic diseases in old age, combined with the growing need for high-quality care for the older population, is fuelling the market for care management systems. Chronic diseases like heart disease, cancer, stroke, and respiratory disease are more prevalent as a result of lifestyle changes and the lack of access to preventive care.

Care Management Solutions Market Restraint:

Lack of Skilled Workforce

• Care management solutions are implemented in line with a variety of technologies and are successful with a developed and established IT infrastructure, which is lacking in the majority of healthcare systems worldwide. However, there is a lack of qualified personnel who could oversee and maintain such IT-based care management solutions. Through the projection period, this is anticipated to be a major restraint on the market potential for care management solutions.

Shortage of skilled professionals

• The operational use of care management solutions necessitates a robust IT infrastructure and assistance both inside and outside the company. Technical support is constantly required in a healthcare company to maintain the network and server for optimal care management speed solutions and efficient work flow.