Market Research Future Insights
In 2021, the Chronic Disease Management market was valued at USD 4.69 billion & expected to reach USD 15.82 Billion during the forecasted period. The rate of CAGR would be up to 13.82%, by 2030.
As patients are more aware of this reliable treatment and the adoption of this, Chronic disease management has been increasing because they are fully guided to choose appropriate physicians and treatments to cure the diseases.
Patients receive appropriate treatment, at a cheap price & also they are backed by reimbursement. In addition to this, Chronic disease is majorly caused by older people, because they are the ones who suffer more from obesity & diabetes.
Taking the Covid-19 scenario, a huge amount of funds have been allocated to Covid-19 patients. Due to this, there’s been a little delay in the treatment of chronic patients. Moreover, during Covid-19 there’s an increase in the usage of various digital technologies. In the end, the demand for Chronic Disease Management solutions had been raised.
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Regional analysis
Based on the region, Chronic Disease Management Market has been divided into the Americas, Europe, Asia-pacific, and the middle east & Africa.
The Americas are expected to dominate the market in the upcoming year because the number of patients is increasing plus a huge amount has been invested in R&D. The R&D has been done for both the pharma and biotech enterprises.
Moving to the next, Europe would be the second dominated market after America, because here there’s a tremendous rise in the aged population & Healthcare Expenses. Along with these two regions the Asia Pacific region too had been expected to rise because of a rise in the desire for technologically improved therapies.
Market Segmentation
The Chronic Disease Management Market is fragmented by considering 4 bases. They are based on Solution, delivery mode, Application & the End user.
Based on Solution, the market has been segmented into Educational Solutions, Implementation Solution & Consulting Solution. Moving to the next, based on the Delivery mode it is further split into Cloud-Based, On-Premises & Web-Based. Based on Application, it is segmented into Arthritis, Cardiovascular Disease, Cancer & Diabetes. Then based on End-User, it is divided into Providers & Payers.
Key players
The major key companies for this Chronic Disease Management Market are from the US then followed by other countries are as follows: TriZetto Corporation (US), Infosys Limited (India), Pegasystems Inc. (US), Siemens Healthcare Private Limited (Germany), MINES & Associates, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), Koninklijke Philips NV (Netherlands), EXL Healthcare (New York), Harmony Information Systems Inc.(US), ScienceSoft USA & Corporation (US)
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