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Care Management Solutions Global Market Report 2022

Care Management Solutions Global Market Report 2022

  • October 2022
  • 175 pages
  • ID: 6351350
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the care management solutions market are Cerner Corporation, International Business Machines Corporation, Koninklijke Philips N.V., ZeOmega Infotech Private Limited, i2i Population Health, EPIC Systems Inc., Salesforce Inc., Pegasystems Inc., Mediware Information Systems, Allscripts Healthcare Solutions Inc., EXL Service Holdings, Exlservice Holdings Inc., Zeomega Inc., Health Catalyst Inc, Conduent Inc., Envolve Health, Trizetto Corporation, Healthsmart Holdings Inc, and Axispoint Health.

The global care management solutions market is expected to grow from $11.85 billion in 2021 to $14.05 billion in 2022 at a compound annual growth rate (CAGR) of 18.6%. The care management solutions market is expected to grow to $24.97 billion in 2026 at a compound annual growth rate (CAGR) of 15.5%.

The care management solutions market consists of sales of care management solutions by entities (organizations, sole traders, and partnerships) that are used to provide a complete set of services and activities designed to assist people with chronic or complicated medical illnesses.The ultimate purpose of care management is to promote patient health and manage their health.

The care management solutions make it easier for clinicians in remote places to obtain data and provide information on coordination and care, collaborative care planning, disease and utilization management.

The main types of components in care management solutions are software and services.The services refer to a comprehensive suite of services and activities that help patients with chronic or complex conditions manage their health.

The care management solutions are delivered via on-premises and cloud-based methods that are used in several applications such as disease management, case management, and utilization management. It is employed in hospitals and clinics, accountable care organizations (ACOs), health insurance providers, and other end users.

North America was the largest region in the care management solutions market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the care management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The care management solutions market research report is one of a series of new reports that provides care management solutions market statistics, including care management solutions industry global market size, regional shares, competitors with a care management solutions market share, detailed care management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the care management solutions industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The increasing 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.

Technological advancement is a key trend gaining popularity in the care management solution market.Major companies operating in the care management solutions sector are focused on developing new technological solutions to strengthen their position in the market.

For instance, in February 2019, Cerner, a US-based provider of health IT services, introduced (artificial intelligence) AI-powered chat assistance to combat physician burnout, improve clinician experience, and boost productivity.These advancements would help doctors address patient care and validate diagnoses, reducing physician burden and bolstering the financial strength of the health system.

This launch represents another step forward for the company and the care management solutions market.

In January 2021, Royal Philips, a US-based health technology company, acquired Capsule Technologies, Inc. for a deal amount of $635 million. Through this acquisition, Philips would expand its patient care management offering and look forward to participating strengths, adding a vendor-neutral medical device combination that further unlocks the ability of medical device data to improve patient monitoring and management. Capsule Technologies is a US-based company that provides medical device integration, clinical surveillance, and patient monitoring for hospitals.

The countries covered in the care management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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