Categories: Market Research

Care Management Solutions Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Care management solutions are a suite of services that patients can used to manage their chronic health conditions. They are used to provide a complete set of services and activities designed to assist people with chronic or complicated medical illnesses.

Sizing and Forecast
The care management solutions market size has grown rapidly in recent years. It will grow from $16.88 billion in 2023 to $19.77 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to aging population, increased chronic disease, electronic health records (ehr) adoption, population health management, and increased focus on healthcare data interoperability.

The care management solutions market size is expected to see rapid growth in the next few years. It will grow to $35.7 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to heightened focus on healthcare data security, increasing use of remote patient monitoring technologies, wider use of mobile health apps, adoption of care management solutions in emerging healthcare markets, and increasing focus on preventive care. Major trends in the forecast period include integration of artificial intelligence (ai) and predictive analytics, sustainability and eco-friendly practices, integration of genomics and precision medicine into care management, collaborative efforts to integrate community health, and blockchain in healthcare.

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Segmentation & Regional Insights
The care management solutions market covered in this report is segmented –

1) By Component: Software, Services
2) By Delivery Mode: On-premise, Cloud-based
3) By Application: Disease Management, Case Management, Utilization Management
4) By End User: Hospitals And Clinics, Accountable Care Organizations (ACOs), Health Insurance Providers, Other End-Users

North America was the largest region in the care management solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the care management solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increase in 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.

Key Industry Players
Major companies operating in the care management solutions market include EXL Service Holdings Ltd., Allscripts Healthcare Solutions Inc., Axispoint Health LLC, Conduent Inc., Envolve Health LLC, EPIC Systems Inc., Exlservice Holdings Inc., Health Catalyst Inc., Healthsmart Holdings Inc., i2i Population Health, International Business Machines Corporation, Koninklijke Philips N.V., Mediware Information Systems, Pegasystems Inc., Salesforce Inc., Trizetto Corporation, Zeomega Inc., ZeOmega Infotech Private Limited, Athenahealth, Medical Transcription Billing Corporation, Casenet LLC, Cerner Corporation, Change Healthcare, Conifer Health Solutions, eClinicalWorks, Enli Health Intelligence Corp., Ensocare Care, GetWellNetwork, Harris Healthcare, IBM Watson Health, Jvion AI Company, McKesson Corporation, Medecision, Meditech Inc., Netsmart LLC, NextGen Healthcare, Optum Inc., RelayHealth Corp., TCS Healthcare Technologies, WellSky Corp., Zeiss Meditec AG

The care management solutions market report table of contents includes:

1. Executive Summary

2. Care Management Solutions Market Characteristics

3. Care Management Solutions Market Trends And Strategies

4. Care Management Solutions Market – Macro Economic Scenario

5. Global Care Management Solutions Market Size and Growth

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31. Global Care Management Solutions Market Competitive Benchmarking

32. Global Care Management Solutions Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Care Management Solutions Market

34. Care Management Solutions Market Future Outlook and Potential Analysis

35. Appendix