Market Overview:

The global care management solutions market reached a value of US$ 13.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.94 Billion by 2027 exhibiting a growth rate (CAGR) of 12.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Care management solutions refer to various advanced and integrated solutions that enhance care management capabilities across utilization, case, and disease management. These solutions include care plan creation, patient intake, clinician and care coordination, patient engagement, analytics, and reporting. They assist in transforming care management into an automated, data-driven activity that delivers more targeted and effective health information. They help streamline workflows, increase efficiency, improve cost and quality of care, save time, and drive revenue growth simultaneously. In recent years, care management solutions have gained immense popularity among healthcare organizations and service providers to enhance clinical outcomes, improve patient care quality, reduce costs, and personalize healthcare interventions. 

Care Management Solutions Market Trends:

Care management solutions aid in the efficient management of patient health records and improve the quality of patient’s life by mitigating complications with early care intervention. As a result, the shifting focus toward patient-centric care represents the primary factor driving the market growth. Besides this, the growing geriatric population and the widespread prevalence of chronic conditions, such as cancer, diabetes, and cardiovascular diseases (CVDs), are catalyzing the demand for care management solutions. Additionally, governments of various countries are introducing stringent regulations and taking favorable initiatives to shift the burden of risk from healthcare payers to providers. Along with this, the rising need to reduce costs due to the surging healthcare expenditures is propelling the market growth. Furthermore, several leading players are launching new and innovative care management solutions integrated with advanced technologies, such as the Internet of Things (IoT), big data, and artificial intelligence (AI), to expand their customer base and gain a competitive edge. Moreover, the recent outbreak of coronavirus disease (COVID-19) is accelerating the adoption of care management solutions for accurate diagnosis, treatment, and monitoring of COVID-19 patients. Other factors, including the increasing investments in healthcare information technology (HCIT) solutions, improving healthcare infrastructure, technological advancements, and rapid urbanization, are also creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global care management solutions market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, delivery mode, application and end user.

Breakup by Type:

• Software
• Services
   

Breakup by Delivery Mode:

• Cloud-based and Web-based
• On-premises
   

Breakup by Application:

• Chronic Care Management
• Disease Management
• Utilization Management
   

Breakup by End User:

• Healthcare Payers
• Healthcare Providers
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allscripts Healthcare Solutions Inc., Cerner Corporation, Cognizant, Epic Systems Corporation, Exlservice Holdings Inc., i2i Population Health, International Business Machines Corporation, Koninklijke Philips N.V., Medecision Inc. (Health Care Service Corporation), Pegasystems Inc., Salesforce.com Inc. and Zeomega Inc.

Report Coverage: