The accountable care solutions global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Accountable Care Solutions Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The accountable care solutions market size has grown rapidly in recent years. It will grow from $22.34 billion in 2023 to $25.42 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to rising healthcare expenditure, increasing adoption of patient-centric solutions, increasing use of patient engagement tools, rise in demand for health care analytics, rising adoption of accountable care solutions by healthcare institutions.
The accountable care solutions market size is expected to see rapid growth in the next few years. It will grow to $42.86 billion in 2028 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to growing adoption of value-based care, growth in population health management, increasing focus on population health, consumer demand for better care, increasing adoption of integrated care models. Major trends in the forecast period include adoption of value-based care, greater adoption of cloud based platform, growing focus on patient engagement, adoption of patient-centric solutions, development in remote patient monitoring.
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Scope Of Accountable Care Solutions Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Accountable Care Solutions Market Overview
Market Drivers –
The increase in the prevalence of chronic diseases is expected to propel the growth of the accountable care market going forward. Chronic diseases are enduring health issues that last over a year, typically needing continuous care and affecting daily life. An aging population, longer lifespans, and more cases of conditions such as heart disease and diabetes mainly drive chronic diseases. Accountable care solutions aid chronic disease management by streamlining patient care, enhancing outcomes, and lowering costs through coordinated and preventive approaches. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, estimated that by 2035, 35.66% of adults aged 50 and older will have at least one chronic condition, rising to 47.81% by 2050. Therefore, the increase in the prevalence of chronic diseases is driving the growth of the accountable care market.
Market Trends —
Major companies operating in the accountable care solutions market are developing artificial intelligence (AI)-based models to better serve customers with more efficient and effective healthcare options. AI-based models refer to advanced systems designed with cutting-edge algorithms and technologies to enhance healthcare delivery, performance, and efficiency. These models aim to improve patient care, optimize resource allocation, and ensure cost-effective management through advanced algorithms and data analytics. For instance, in April 2024, Innovaccer, a US-based digital healthcare company, launched an AI-assisted quality management solution. It is designed to assist accountable care organizations (ACOs) in meeting the new electronic clinical quality measures (eCQMs) reporting requirements set by the Centers for Medicare & Medicaid Services (CMS) for 2025. The key features of this solution include artificial intelligence (AI)-powered predictive models that optimize gap closure and patient outreach, advanced analytics and reporting capabilities for efficient processing of electronic clinical quality measures (eCQMs) and merit-based incentive payment system clinical quality measures (MIPS CQMs), and seamless data flow through optimized worklist management.
The accountable care solutions market covered in this report is segmented —
1) By Component: Software, Services
2) By Solutions: Electronic Health Or Medical Records, Healthcare Analytics, Revenue Cycle Management Solutions (RCM), Patient Engagement Solutions, Population Health Management (PHM) Solutions, Claims Management Solutions, Healthcare Information Exchange (HIE), Other Solutions
3) By Deployment: On-Premise, Web And Cloud-Based
4) By End-User: Healthcare Providers, Healthcare Payers
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Regional Insights —
North America was the largest region in the accountable care solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the accountable care solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the accountable care solutions market are UnitedHealth Group, McKesson Corporation, Optum Inc., Oracle Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Infosys Limited, Change Healthcare, Aetna Inc., Athenahealth Inc., Lumeris, Inovalon Holdings Inc., eClinicalWorks LLC, NXGN Management LLC, Health Catalyst, Innovaccer Inc., ZeOmega Inc., MedeAnalytics Inc., HealthEC LLC, Azara Healthcare LLC, ISalus Healthcare LLC, Ayoka L.L.C.
Table of Contents
1. Executive Summary
2. Accountable Care Solutions Market Report Structure
3. Accountable Care Solutions Market Trends And Strategies
4. Accountable Care Solutions Market — Macro Economic Scenario
5. Accountable Care Solutions Market Size And Growth
…..
27. Accountable Care Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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