Geographically, care management solutions market categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America expected to account for largest share of market in 2016, followed by Europe, Asia-Pacific, & Rest of the World (RoW). On basis of component, market segmented into software and services. European region expected to grow at highest CAGR during the forecast period.
Care management solutions market projected to reach USD 15.70 Billion by 2021 from USD 6.93 Billion in 2016, growing at a CAGR of 17.8%. Factors like implementation of initiatives to shift burden of risk from payers to providers, legislations & initiatives to promote ‘patient-centeredness’ in healthcare, rising geriatric population coupled with burden of chronic diseases, need to reduce healthcare costs, growth in medical tourism sector, & advancing IT and big data capabilities are driving growth of market.
Complete report on Care Management Solutions Market spread across 191 pages, Profiling 15 Companies and Supported with 76 Tables and 38 Figures is now available at http://www.reportsnreports.com/reports/297401-care-management-solutions-market-by-component-software-services-delivery-mode-on-premise-web-cloud-end-user-payer-provider-employer-groups-government-bodies-trends-global-forecasts-to-2018.html .
The software segment estimated to account for largest share of global market in 2016 and witness highest growth rate during forecast period. Technological advancements in IT solutions and big data management, growth of cloud computing, and increased penetration of internet across globe are some factors promoting growth of software-based solutions. In forecast period, it is expected that there will be an increase in adoption of care management software to coordinate care processes.
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
Care management solutions find major applications in management of chronic conditions. Chronic care management solutions are used to coordinate care processes for patients with long-term care needs to empower them to better manage their conditions and increase their compliance with care interventions. On other hand, emerging markets, growth of consumer awareness & participation in healthcare delivery process, technological advancements in HCIT solutions, & rising adoption of cloud-based models offer growth opportunities for players in the market.
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In care management solutions market report, has been segmented on the basis of component, delivery mode, end user, application, and region. On basis of component, the market is segmented into software, and services. In this report, the global care management solutions market is segmented on the basis of component, delivery mode, end user, and application.
Company Profiles (Business Overview, Products & Services, Developments)
- Exl Healthcare (Exlservice Holdings, Inc.)
- Axispoint Health
- Wellcentive, Inc.
- Phytel, Inc. (Acquired By IBM Corporation)
- Medecision Inc.
- Zeomega Inc.
- Trizetto Corporation
- Allscripts Healthcare Solutions, Inc.
- I2I Systems, Inc.
- EPIC Corporation Inc.
- Healthsmart Holdings, Inc.
- Pegasystems Inc.
- Salesforce.Com, Inc.
- Harmony Information Systems, Inc.
- Cerner Corporation
Care management solutions find major applications in the management of chronic conditions. Chronic care management solutions are used to coordinate care processes for patients with long-term care needs to empower them to better manage their conditions and increase their compliance with care interventions.
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The software component segment is estimated to account for 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.