The Chronic Disease Management Global Market Report 2023 by The Business Research Company, provides chronic disease management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Chronic Disease Management Global Market Report 2023, the global chronic disease management market size will grow from $6.89 billion in 2022 to $8.34 billion in 2023 at a compound annual growth rate (CAGR) of 21.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the chronic disease management is expected to grow to $17.68 billion in 2027 at a CAGR of 20.7%.
The rise in the geriatric population is significantly driving the growth of the chronic disease management market. The geriatric population refers to people above the age of 65 years. Geriatric people have the highest chance of suffering from chronic diseases. Chronic illness often results in an increased need for medical care and supportive long-term care services, increasing the need for the chronic disease management solutions. According to report published in October 2021 by WHO, the proportion of the world’s population over 60 years old would nearly double from 12% to 22% between 2015 and 2050. Thus, an increase in the geriatric population will propel the chronic disease management market growth.
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Major Players:
The global chronic disease management market is segmented –
1) By Service: Consulting Service, Implementation Service, Educational Service
2) By Delivery Mode: On-premise, Cloud-based, Web-based
3) By Disease Type: Cardiovascular Diseases, Diabetes, Cancer, Asthma, Chronic Obstructive Pulmonary Disorders
4) By End User: Providers, Payers
Technological advancement is a key trend gaining popularity in the chronic disease management market. Advanced technologies like artificial intelligence (AI) are being adopted to treat chronic diseases. By utilizing AI, medical personnel can witness advances in early intervention and patient outcomes for patients suffering from heart disease, cancer, and diabetes. For instance, in February 2022, Biofourmis, a Boston-based startup specializing in artificial intelligence-driven virtual care and digital pharmaceuticals, has developed Bioformis Care, a service that provides high-quality remote care to patients suffering from chronic diseases. Biofourmis Care will concentrate on increasing provider adherence to care recommendations and spotting patterns of clinical deterioration to allow for early treatments.
The chronic disease management market report table of contents includes:
1. Executive Summary
2. Chronic Disease Management Market Characteristics
3. Chronic Disease Management Market Trends And Strategies
4. Chronic Disease Management – Macro Economic Scenario
5.Chronic Disease Management Market Size And Growth
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26. Africa Chronic Disease Management Market
27. Chronic Disease Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chronic Disease Management Market
29. Chronic Disease Management Market Future Outlook and Potential Analysis
30. Appendix
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