The Care Management Solutions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Care Management Solutions Global Market Report 2024, The care management solutions market size has grown rapidly in recent years. It will grow from $16.88 billion in 2023 to $19.77 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to aging population, increased chronic disease, electronic health records (ehr) adoption, population health management, and increased focus on healthcare data interoperability.
The care management solutions market size is expected to see rapid growth in the next few years. It will grow to $35.7 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to heightened focus on healthcare data security, increasing use of remote patient monitoring technologies, wider use of mobile health apps, adoption of care management solutions in emerging healthcare markets, and increasing focus on preventive care. Major trends in the forecast period include integration of artificial intelligence (ai) and predictive analytics, sustainability and eco-friendly practices, integration of genomics and precision medicine into care management, collaborative efforts to integrate community health, and blockchain in healthcare.
The increase in investment in digital healthcare is expected to propel the growth of the care management solutions market going forward. Digital healthcare prevents disease and lowers healthcare costs while helping patients monitor and manage chronic conditions. It can also tailor medicine for individual patients. A digital healthcare solution would allow users to share and receive files online via desktops, laptops, and mobile devices. For instance, according to the Healthcare Information and Management Systems Society, a US-based not-for-profit healthcare organization, in 2021, the financing for digital communication technology grew by 72% during the COVID-19 outbreak, and telemedicine alone received $4.3 billion in financing in 2020. The total amount invested in digital health has hit an all-time high of $26.5 billion. Therefore, the increasing investment in digital healthcare is driving the demand for the care management solutions market.
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The care management solutions market covered in this report is segmented –
1) By Component: Software, Services
2) By Delivery Mode: On-premise, Cloud-based
3) By Application: Disease Management, Case Management, Utilization Management
4) By End User: Hospitals And Clinics, Accountable Care Organizations (ACOs), Health Insurance Providers, Other End-Users
Major companies operating in the care management solutions market are developing new advance solution and platform, such as medical management platforms to meet larger customer bases, more sales, and increase revenue. A medical management platform is a comprehensive and integrated software system or technology solution designed to facilitate and optimize various aspects of healthcare management. For instance, in October 2022, VirtualHealth, a US-based provider of healthcare solutions, launched HELIOS Essentials, a new preconfigured setup for their industry-dominant HELIOS platform. HELIOS Essentials is a distinctive solution tailored for specialty care providers and medium-sized healthcare organizations seeking exceptional customization and robust AI-driven automation. This cutting-edge platform offers an affordable, user-friendly, enterprise-level medical management solution. It eradicates data isolation, simplifies operations, lowers IT resource demands, and promotes comprehensive, value-driven healthcare. HELIOS Essentials serves as a cohesive ecosystem for contemporary care teams, fostering unmatched collaboration, coordination, automation, and healthcare provision.
Top Major Players
EXL Service Holdings Ltd.,
Allscripts Healthcare Solutions Inc.,
Axispoint Health LLC,
Conduent Inc.,
Envolve Health LLC
The care management solutions market report table of contents includes:
1. Executive Summary
- Care Management Solutions Market Characteristics
- Care Management Solutions Market Trends And Strategies
- Care Management Solutions Market – Macro Economic Scenario
- Global Care Management Solutions Market Size and Growth
- Care Management Solutions Market Segmentation
- Care Management Solutions Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Care Management Solutions Market
- Care Management Solutions Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Care Management Solutions Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Care Management Solutions Market, Segmentation By Delivery Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Care Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: EXL Service Holdings Ltd. Financial Performance
Table 76: Allscripts Healthcare Solutions Inc. Financial Performance
Table 77: Axispoint Health LLC Financial Performance
Table 78: Conduent Inc. Financial Performance
Table 79: Envolve Health LLC Financial Performance
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