In care management solutions market report overview by basis of component, delivery mode, end user, application, and region. Geographically, care management solutions market is categorized into North America, Europe, Asia-Pacific, & Rest of the World (RoW).
The global care management solutions market to grow at 16.1% CAGR and projected to reach USD 19.28 billion by 2023 from USD 9.15 billion in 2018. In, care management solutions market report segmented on basis of component, delivery mode, end user, and application. In-depth assessment of strategies, products, and distribution networks of the leading players in the care management solutions market.
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Report describes & studies care management market by component, delivery mode, end user, application, & region. Lack of interoperability, high cost of deployment, & increased instances of data breaches are some of factors restraining overall growth of this market. North America is expected to account for largest share of market in 2018, followed by Europe, Asia-Pacific, & Rest of the World (RoW).
“The care management solutions market is projected to grow at a CAGR of 16.1% during the forecast period.”
Europe market for care management solutions is expected to grow at the highest CAGR during the forecast period of 2018–2023. Efforts made by governments of European nations such as UK, Germany, France, Italy, and Spain are promoting care coordination and quality of healthcare and reforms to reduce healthcare costs by integrating HCIT solutions into healthcare are propelling the growth of this region.
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Care management solutions market is segmented into the on-premise & cloud-based delivery modes. Cloud-based segment is expected to grow at highest CAGR during forecast period. High growth of this segment can be attributed advantages this method offers such aslow installation & maintenance costs, unlimited storage of information, easy access to information from any place, & reduced spam & web threats.
Key care management solutions market players are 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.)
Stakeholders in the Care Management Solutions Market
- Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, & Outpatient Clinics)
- Healthcare Insurance Companies/Payers
- Healthcare IT Service Providers
- Venture Capitalists
- Government Bodies
- Corporate Entities
- Accountable Care Organizations
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The software component segment is estimated to account for the largest share of the global care management solutions market in 2016. Software is a non-tangible component used as an application to run a system or to perform primary tasks, which include maintaining patient records, analyzing databases, and performing administrative tasks in any healthcare organization or hospital.
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