Market Overview:
The global care management solution market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chronic care management, disease management, case management, and utilization management solutions. Additionally, the growing need for reducing healthcare costs and improving patient outcomes is also contributing to the growth of this market. The software segment is expected to dominate the global care management solution market during the forecast period owing to its ability to improve operational efficiency and reduce administrative costs. The services segment is also expected to grow at a high rate during the forecast period as it helps healthcare organizations manage their resources effectively and improve patient outcomes. Geographically, North America dominates the global care management solution market followed by Europe and Asia Pacific respectively.
Product Definition:
A care management solution is a software application that enables healthcare providers to manage the care of their patients. It allows providers to track patient visits, appointments, medications, and treatments. It also helps providers to identify at-risk patients and manage their care accordingly. The importance of a care management solution is that it enables healthcare providers to provide better quality care for their patients.
Software:
Software is the part of Care Management Solution and it's used for various purposes such as billing, patient record keeping, care delivery ( Nursing & Therapy Services), Equipment Administration ( Pharmacy Services) and other reporting. The software also helps in reducing cost by eliminating the need for repetitive tasks.
Software Usage In CMSS Market By Service Type 2014 - 2024 ( Thous.
Services:
Services are the invisible components of any Care Management Solution. They are responsible for enabling care delivery and capturing data from various sources to provide a complete view of patient history, statistics, and their progress through the system.
Application Insights:
The chronic care management segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to a rising geriatric population, which is at high risk of developing chronic diseases. As per the United Nations (UN), it has been estimated that by 2050, there will be more than 70 million people aged 65 or above across the world. In addition, as per a study published in Health Affairs by researchers from Harvard Medical School and Mathematica Policy Research, it has been found that nearly 60% of patients with diabetes have two or more co-morbid conditions such as heart disease and cancer. These factors are anticipated to increase demand for care management solutions over the forecast period thus driving growth.
Case Management segment accounted for revenue share of 15% in 2017 owing to an increasing number of healthcare cases resulting from growing prevalence of chronic diseases such as cancer.
Regional Analysis:
North America dominated the global care management solution market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the growth. Moreover, increasing demand for cost-effective & quality healthcare services is expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as China and India. Furthermore, an increase in chronic diseases prevalence rates due to unhealthy lifestyles will boost regional market development further on account of growing need for effective disease management solutions among patients & their families.
Growth Factors:
- Increasing geriatric population: The global elderly population is expected to grow at a CAGR of 5.8% from 2016 to 2020, reaching 1.4 billion by 2020. This will create a large pool of patients with chronic diseases who will require care management services.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and cancer is increasing due to changing lifestyles and aging populations. This is leading to an increase in the demand for care management solutions that can help manage these conditions effectively.
- Growing awareness about care management solutions: There is growing awareness among healthcare providers and patients about the benefits of using care management solutions for managing chronic diseases effectively. This is driving the adoption of these solutions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Care Management Solution Market Research Report
By Type
Software, Services
By Application
Chronic Care Management, Disease Management, Case Management, Utilization Management
By Companies
I2i Systems, Allscripts Healthcare Solutions, TriZetto, Phytel, EXL Healthcare, AxisPoint Health, Wellcentive, Medecision, ZeOmega, HealthSmart, Epic, Pegasystems, Harmony Information Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Care Management Solution Market Report Segments:
The global Care Management Solution market is segmented on the basis of:
Types
Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chronic Care Management, Disease Management, Case Management, Utilization Management
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- I2i Systems
- Allscripts Healthcare Solutions
- TriZetto
- Phytel
- EXL Healthcare
- AxisPoint Health
- Wellcentive
- Medecision
- ZeOmega
- HealthSmart
- Epic
- Pegasystems
- Harmony Information Systems
Highlights of The Care Management Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Services
- By Application:
- Chronic Care Management
- Disease Management
- Case Management
- Utilization Management
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Care Management Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A care management solution is a software application that helps individuals and families manage the care of a loved one. It can include features such as scheduling appointments, tracking medication doses, and managing finances.
Some of the major players in the care management solution market are I2i Systems, Allscripts Healthcare Solutions, TriZetto, Phytel, EXL Healthcare, AxisPoint Health, Wellcentive, Medecision, ZeOmega, HealthSmart, Epic, Pegasystems, Harmony Information Systems.
The care management solution market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Care Management Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Care Management Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Care Management Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Care Management Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Care Management Solution Market Size & Forecast, 2020-2028
4.5.1 Care Management Solution Market Size and Y-o-Y Growth
4.5.2 Care Management Solution Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Software
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chronic Care Management
6.2.2 Disease Management
6.2.3 Case Management
6.2.4 Utilization Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Care Management Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Care Management Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Software
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chronic Care Management
9.10.2 Disease Management
9.10.3 Case Management
9.10.4 Utilization Management
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Software
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chronic Care Management
10.10.2 Disease Management
10.10.3 Case Management
10.10.4 Utilization Management
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Software
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chronic Care Management
11.10.2 Disease Management
11.10.3 Case Management
11.10.4 Utilization Management
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Software
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chronic Care Management
12.10.2 Disease Management
12.10.3 Case Management
12.10.4 Utilization Management
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Software
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chronic Care Management
13.10.2 Disease Management
13.10.3 Case Management
13.10.4 Utilization Management
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Care Management Solution Market: Competitive Dashboard
14.2 Global Care Management Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 I2i Systems
14.3.2 Allscripts Healthcare Solutions
14.3.3 TriZetto
14.3.4 Phytel
14.3.5 EXL Healthcare
14.3.6 AxisPoint Health
14.3.7 Wellcentive
14.3.8 Medecision
14.3.9 ZeOmega
14.3.10 HealthSmart
14.3.11 Epic
14.3.12 Pegasystems
14.3.13 Harmony Information Systems
