Adroit Market Research - Industry Insights
Global Care management solutions Market Size 2019, by Component (Software, Services), by Delivery Mode (On Premise, Cloud Based), by Application (Chronic Care Management, Case Management System, Utilization Management, Others), by Region and Forecast 2019 to 2025
Apr 2020
Total Pages: 152
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The global care management solutions market was valued at USD 12,511.0 million in 2019 and is expected to grow at a CAGR of 12.5% over the forecast period. Various initiatives to shift the economic burden from payers to providers is anticipated to drive the global market in coming years. Rising geriatric population coupled with robust developments in healthcare IT is likely to benefit the market growth in coming years. Rapid penetration of data analytics, artificial intelligence in healthcare systems is likely to reduce the time required for diagnosis and reduce the burden of disease management in future. With such trends, chronic care management systems are likely to penetrate in emerging economies.
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Emerging economies such as Japan, China, and India are anticipated to show tremendous growth in the demand for care management solutions. Due to government-led healthcare projects, enhanced use of innovative healthcare facilities is likely to be observed in emerging countries. Because of the rising incidence of chronic illnesses, as well as enhanced insurance coverage and affordability, countries such as China, Brazil, India, and many more are likely to see significantly enhanced use of healthcare facilities over next 5 years. In these countries, economic growth and increased healthcare awareness have ensured potential investment possibilities over the forecast period. The worldwide market share of emerging markets is anticipated to grow to one-third of the complete MedTech market by 2022, further encouraging important players in the industry to create long-term investments.
Key segments of the global care management solutions market
Component Overview, 2015-2025 (USD Million)
- Software
- Services
Delivery Mode Overview, 2015-2025 (USD Million)
- On Premise
- Cloud Based
Application Overview, 2015-2025 (USD Million)
- Chronic Care Management
- Case Management System
- Utilization Management
- Others
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Central and South America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global care management solutions industry
- The overall segmentation of care management solutions market, especially key segments such as product, material, and end users are thoroughly studied.
- Presence of major players and their wide product portfolio across developed countries is anticipated to further boost the growth of care management solutions market
What does the report include?
- The study on the global care management solutions market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global care management solutions market is suitable for all the players across the value chain including raw material suppliers, care management solutions providers, pharmaceutical and medical device manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global care management solutions market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global care management solutions market
The healthcare IT sector is growing at a rapid pace and is projected to offer fresh opportunities to cut down growing healthcare costs and improve patient care. The progressing healthcare IT sector provides immense opportunities to make the health care system more effective and efficient. As per the reports of the Bureau of Labor Statistics, jobs for health information technicians are projected to grow by 15% through 2024 as per the current market which is faster than the average for all jobs. The 2009 HITECH act has fueled the usage of health information technology and is anticipated to grow with healthy CAGR over 5 years.
A study by the National Coordinator for Health Information Technology indicates that the health care system is experiencing unprecedented levels of electronic health exchange. For instance, 96% of hospitals and 78% of physician's offices use electronic health record technology. Nonetheless, much needs to be done to develop and refine the technology that offers great opportunities for new entrants.
Information technology in health care provides an opportunity for the use of data analytics in health care. Predictive analytics can assist in recognizing patients at risk of chronic disease and other medical conditions. This is accomplished by monitoring individual patient medical data alongside population-wide health patterns, and then cross-referencing the data with the medical history, socio-economic position and comorbidity of the patient. This helps health care systems to recognize patients for early, intensive intervention and treatment, to save long-term costs and to improve overall health.
The global care management solutions market for software was valued at USD 7,301.5 million in 2019 and is expected to grow at a CAGR of 10.5% to surpass USD 14 billion by 2025.
Care management solutions software provide better quality of care and make better decisions to achieve best possible health. Medical practices, hospitals and other healthcare organizations are shifting to care management software for help complying with the increasingly complex medical coding and billing rules enforced by health insurance companies and government agencies. Software for healthcare administration can also help physicians and healthcare administrators tackle time-consuming activities such as management of electronic medical records (EMR) and medical credentialing.
Based on regions, the global care management solutions market is segmented into North America, Europe, Asia Pacific, Latin South America and Middle East & Africa. North America currently leads the global care management solutions market, at a revenue share of 44.2% in 2018, followed by Europe. The dominance of these regions is collectively attributed to high healthcare expenditure, high investments in advanced IT solutions and its penetration in the healthcare system, and greater awareness. Growing requirement for cost containment for healthcare, optimum management of admitted patients and the growing need to reduce readmissions is also a key attribute to the dominant position of North America and Europe on the global front.
Additionally, Asia Pacific is anticipated to be the fastest growing regional market for care management solutions. Consistent improvement in patient footfall in both inpatient and outpatient settings, growing healthcare expenditure, and developing healthcare infrastructure form the key drivers of Asia Pacific market growth. Improving stronghold of medical tourism in Pacific region, and the corresponding requirement to offer the best healthcare form another key driver for this Asia Pacific market
The global care management solutions market was valued at USD 12,511.0 million in 2019 and is expected to grow at a CAGR of 12.5% over the forecast period. Various initiatives to shift the economic burden from payers to providers is anticipated to drive the global market in coming years. Rising geriatric population coupled with robust developments in healthcare IT is likely to benefit the market growth in coming years. Rapid penetration of data analytics, artificial intelligence in healthcare systems is likely to reduce the time required for diagnosis and reduce the burden of disease management in future. With such trends, chronic care management systems are likely to penetrate in emerging economies.
Emerging economies such as Japan, China, and India are anticipated to show tremendous growth in the demand for care management solutions. Due to government-led healthcare projects, enhanced use of innovative healthcare facilities is likely to be observed in emerging countries. Because of the rising incidence of chronic illnesses, as well as enhanced insurance coverage and affordability, countries such as China, Brazil, India, and many more are likely to see significantly enhanced use of healthcare facilities over next 5 years. In these countries, economic growth and increased healthcare awareness have ensured potential investment possibilities over the forecast period. The worldwide market share of emerging markets is anticipated to grow to one-third of the complete MedTech market by 2022, further encouraging important players in the industry to create long-term investments.
Key segments of the global care management solutions market
Component Overview, 2015-2025 (USD Million)
- Software
- Services
Delivery Mode Overview, 2015-2025 (USD Million)
- On Premise
- Cloud Based
Application Overview, 2015-2025 (USD Million)
- Chronic Care Management
- Case Management System
- Utilization Management
- Others
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Central and South America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global care management solutions industry
- The overall segmentation of care management solutions market, especially key segments such as product, material, and end users are thoroughly studied.
- Presence of major players and their wide product portfolio across developed countries is anticipated to further boost the growth of care management solutions market
What does the report include?
- The study on the global care management solutions market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global care management solutions market is suitable for all the players across the value chain including raw material suppliers, care management solutions providers, pharmaceutical and medical device manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global care management solutions market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global care management solutions market
Chapter 1 Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
1.4 Data Sources
Chapter 2 Research Methodology
2.1 Methodology/Research Approach
2.2 Market Size Estimation Methodology
2.3 Forecasting Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Market Drivers
4.1.1 Growing Initiatives to Promote Healthcare IT
4.1.2 Shift of Risk Burden from Payers to Providers
4.1.3 Evolution Towards Value-Based Care
4.2 Market Restraints/Challenges
4.2.1 Security & HIPPA (Health Insurance Portability and Accountability Act)
4.2.2 High Deployment Cost
4.2.3 Data Breach
4.3 Market Opportunities
4.3.1 Emerging Economies
4.3.2 Rising Demand for High Quality and Lower Costs
4.4 Porter’s Five Forces Analysis
4.5 Vendor Landscape
Chapter 5 Global Care Management Solutions Market Overview, By Component
5.1. Global Care Management Solutions Market Share, by Component, 2018 & 2025
5.2. Software
5.2.1. Global Care Management Solutions Market for Software, 2015 - 2025 (USD million)
5.3. Services
5.3.1. Global Care Management Solutions Market for Services, 2015 - 2025 (USD million)
Chapter 6 Global Care Management Solutions Market Overview, By Delivery Mode
6.1 Global Care Management Solutions Market Share, by Delivery Mode, 2018 & 2025
6.2 Cloud Based
6.2.1 Global Cloud Based Care Management Solutions Market, 2015 – 2025 (USD Million)
6.3 On- Premises
6.3.1 Global On-Premises Care Management Solutions Market, 2015 – 2025 (USD Million)
Chapter 7 Global Care Management Solutions Market Overview, By Application
7.1 Global Care Management Solutions Market Share, by Application, 2018 & 2025
7.2 Chronic care management
7.2.1 Global Care Management Solutions Market for Chronic Care Management, 2015 - 2025 (USD Million)
7.3 Case Management System
7.3.1 Global Care Management Solutions Market for Case Management System, 2015 – 2025 (USD Million)
7.4 Utilization management
7.4.1 Global Care Management Solutions market for Utilization Management, 2015 – 2025 (USD Million)
7.5 Others
7.5.1 Global care management solutions market for others, 2015 – 2025 (USD Million)
Chapter 8 Global Care Management Solutions Market, by Region
8.1 By Region
8.1.1 Global Care Management Solutions Market Revenue Share by Region, 2018 & 2025
8.1.2 Global Care Management Solutions Market, by Component 2015 - 2025 (USD million)
8.1.3 Global Care Management Solutions Market by Delivery Mode, 2015 - 2025 (USD million)
8.1.4 Global Care Management Solutions Market by Application, 2015 - 2025 (USD million)
8.1.5 Global Care Management Solutions Market by Region, 2015 - 2025 (USD million)
8.2 North America
8.3 North America Care Management Solutions Market Size and Projections, 2015-2025
8.3.1 North America Care Management Solutions market by Component, 2015 - 2025 (USD million)
8.3.2 North America Care Management Solutions Market by Delivery Mode, 2015 - 2025 (USD million)
8.3.3 North America Care Management Solutions Market by Application, 2015 - 2025 (USD million)
8.3.4 North America Care Management Solutions Market by Country, 2015 - 2025 (USD million)
8.4 U.S. Care Management Solutions Market Size and Projections, 2015-2025
8.5 Canada Care Management Solutions Market Size and Projections, 2015-2025
8.6 Europe
8.7 Europe Care Management Solutions Market Size and Projections, 2015-2025
8.7.1 Europe Care Management Solutions market by Component, 2015 - 2025 (USD million)
8.7.2 Europe Care Management Solutions Market by Delivery Mode, 2015 - 2025 (USD million)
8.7.3 Europe Care Management Solutions Market by Application, 2015 - 2025 (USD million)
8.7.4 Europe Care Management Solutions Market by Country, 2015 - 2025 (USD million)
8.8 France Care Management Solutions Market Size and Projections, 2015-2025
8.9 Germany Care Management Solutions Market Size and Projections, 2015-2025
8.10 UK Care Management Solutions Market Size and Projections, 2015-2025
8.11 Rest of Europe Care Management Solutions Market Size and Projections, 2015-2025
8.12 Asia Pacific
8.13 Asia Pacific Care Management Solutions Market Size and Projections, 2015-2025
8.13.1 Asia Pacific Care Management Solutions Market by Component, 2015 - 2025 (USD million)
8.13.2 Asia Pacific Care Management Solutions Market by Delivery Mode, 2015 - 2025 (USD million)
8.13.3 Asia Pacific Care Management Solutions Market by Application, 2015 - 2025 (USD million)
8.13.4 Asia Pacific Care Management Solutions Market by Country, 2015 - 2025 (USD million)
8.14 India Care Management Solutions Market Size and Projections, 2015-2025
8.15 China Care Management Solutions Market Size and Projections, 2015-2025
8.16 Japan Care Management Solutions Market Size and Projections, 2015-2025
8.17 Rest of Asia Pacific Care Management Solutions Market Size and Projections, 2015-2025
8.18 Central & South America
8.19 Central & South America Care Management Solutions Market Size and Projections, 2015-2025
8.19.1 Central & South America Care Management Solutions market by Component, 2015 - 2025 (USD million)
8.19.2 Central & South America Care Management Solutions Market by Delivery Mode, 2015 - 2025 (USD million)
8.19.3 Central & South America Care Management Solutions Market by Application, 2015 - 2025 (USD million)
8.20 Middle East & Africa
8.21 Middle East & Africa Care Management Solutions Market Size and Projections, 2015-2025
8.21.1 Middle East & Africa Care Management Solutions market by Component, 2015 - 2025 (USD million)
8.21.2 Middle East & Africa Care Management Solutions Market by Delivery Mode, 2015 - 2025 (USD million)
8.21.3 Middle East & Africa Care Management Solutions Market by Application, 2015 - 2025 (USD million)
Chapter 9 Company Profiles
9.1 Health Catalyst
9.1.1 Company overview
9.1.2 Product offerings
9.1.3 Financial performance
9.1.4 Recent developments
9.2 MedSolis Inc.
9.2.1 Company overview
9.2.2 Product offerings
9.2.3 Financial performance
9.3 IBM Corporation
9.3.1 Company overview
9.3.2 Product offerings
9.3.3 Financial performance
9.3.4 Recent developments
9.4 Optum, Inc.
9.4.1 Company overview
9.4.2 Product offerings
9.4.3 Financial performance
9.4.4 Recent developments
9.5 Casenet, LLC
9.5.1 Company overview
9.5.2 Product offerings
9.5.3 Financial performance
9.5.4 Recent developments
9.6 ZeOmega
9.6.1 Company overview
9.6.2 Product offerings
9.6.3 Financial performance
9.6.4 Recent developments
9.7 Cerner Corporation
9.7.1 Company overview
9.7.2 Product offerings
9.7.3 Financial performance
9.7.4 Recent developments
9.8 Epic Systems Corporation
9.8.1 Company overview
9.8.2 Product offerings
9.8.3 Financial performance
9.9 Cognizant Technology Solutions Corporation
9.9.1 Company overview
9.9.2 Product offerings
9.9.3 Financial performance
9.9.4 Recent developments
9.10 Conduent, Inc.
9.10.1 Company overview
9.10.2 Product offerings
9.10.3 Financial performance
9.10.4 Recent developments