Global Care Management Solutions Market

Care Management Solutions Market Size, Share, Growth Analysis, By Component (Software, Services), By Mode of Delivery (Web-Based, Cloud-Based), By Application (Disease Management, Case Management), By End Use, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35G2091 | Region: Global | Published Date: July, 2024
Pages: 237 | Tables: 115 | Figures: 77

Care Management Solutions Market Insights

Care Management Solutions Market size was valued at USD 11.5 Billion in 2023 and is poised to grow from USD 13.16 Billion in 2024 to USD 38.6 Billion by 2032, growing at a CAGR of 14.4% during the forecast period (2025-2032).

Care management is the term for a group of activities designed to enhance patient care and save medical expenses by helping patients and caregivers better manage their health issues. A smart care management solution includes a complete range of features as standard, enabling healthcare organisations to improve patient outcomes while cutting costs. Examples of this include care coordination, population health management, and electronic medical records. Many companies are quite skilled at care management, yet they rely on non-scalable commercial or homegrown solutions.

The global market is growing as a result of the convergence of all costs made possible by care management solutions. A variety of factors, including the introduction of government regulations encouraging the adoption of HCIT solutions and higher government healthcare spending, are fueling the growth of the market in Asia. As the global population ages and chronic diseases increase in prevalence, care management solutions are becoming more and more crucial.

US Care Management Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Care Management Solutions Market size was valued at USD 11.2 billion in 2022 and is poised to grow from USD 12.79 billion in 2023 to USD 37.0 billion by 2031, growing at a CAGR of 14.2% during the forecast period (2024-2031).

There are a number of major players in the fragmented and competitive market for care management solutions. The market is populated by major corporations like Allscripts Healthcare Solutions, Axis point Health, EPIC Corporation Inc., Exl Healthcare, Health smart Holdings Inc., I2I Systems Inc., Me decision Inc., Phytel Inc. (IBM Corporation), TriZetto Corporation, Ze omega Inc., Centene Corporation (Evolve), InfoMC, Optum, Inc., and Care Harmony, Inc. 'Allscripts Healthcare Solutions ', 'Cerner Corporation ', 'Casenet, LLC ', 'Medecision, Inc. ', 'TCS Healthcare Technologies ', 'Salesforce.Com, Inc. ', 'I2i Population Health ', 'Zeomega Inc. ', 'Health Catalyst LLC ', 'Athenahealth, Inc. ', 'Epic Systems Corporation ', 'Cognizant Technology Solutions ', 'IBM Corporation ', 'Pegasystems Inc. ', 'EXL Service Holdings, Inc. ', 'Koninklijke Philips N.V. ', 'Wellsky (Formerly Mediware Information Systems) ', 'HGS Axis Point Health Llc. ', 'Nextgen Healthcare, Inc. ', 'EclinicalWorks '

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.

The capacity of disease management solutions to lower healthcare costs through protocol management and prevent disease through comprehensive medical management is credited with the strong growth of this market. The majority of healthcare spending goes toward treating people with chronic disease conditions; as a result, disease management lowers inpatient and outpatient expenses. Furthermore, the chronic care management segment is anticipated to expand significantly over the course of the forecast period due to rising chronic disease prevalence and increased awareness. Disease management is the idea that by preventing or minimising the effects of a disease through integrated care, healthcare costs can be reduced and the quality of life for people with chronic illnesses can be improved. The management of diseases has become a promising strategy for improving care for patients with chronic illnesses.

In terms of region, North America dominated the global care management solutions market. In North America, the U.S. dominates the market. The market in North America is expanding as a result of factors like increased awareness of patient care solutions, technical advancements, and rising acceptance of cutting-edge technology.

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Global Care Management Solutions Market

Report ID: SQMIG35G2091

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