Care Management Solutions Market By Component (Software, Services), By Delivery mode (On-premise, Cloud-based, Web-based), By Application (Disease Management, Case Management, Utilization Management, Other), By End-User (Healthcare Payers, Healthcare Providers, Other) Global Analysis to 2023

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Care Management Solutions Market By Component (Software, Services), By Delivery mode (On-premise, Cloud-based, Web-based), By Application (Disease Management, Case Management, Utilization Management, Other), By End-User (Healthcare Payers, Healthcare Providers, Other) Global Analysis to 2023

Care Management Solutions Market Size and Forecast

According to the new report titled " "

The valuation of the Care Management Solutions market was $14.56 Billion in 2023 and is projected to reach $62.68 Billion by 2032, at a CAGR of 15.87% from 2021 to 2032.

The Care Management Solutions Market was valued at $14.56 Billion by 2023 and expected to grow at CAGR of 15.87% over forecast period. Care management solutions refer to a range of tools, technologies, and strategies designed to improve the coordination, delivery, and quality of healthcare services for patients, particularly those with chronic or complex medical conditions. These solutions aim to optimize patient outcomes, enhance patient satisfaction, and reduce healthcare costs by facilitating proactive, personalized, and integrated care delivery. Care management solutions often begin with comprehensive patient assessments to identify individuals at high risk for adverse health outcomes.

Healthcare is changing dramatically, and care management solutions are becoming more and more important. These solutions use data analysis and smart algorithms to understand the different needs of patients based on their health, lifestyle, and other factors. This information helps healthcare providers tailor their care plans and allocate resources more effectively. As chronic diseases like diabetes and heart disease become more common around the world, the need for care management solutions is growing. These solutions can help healthcare providers manage and coordinate care for patients with complex, ongoing conditions. Healthcare systems are also moving towards value-based care, which focuses on improving quality and outcomes rather than just providing more services. Care management solutions are essential for achieving this goal because they improve care coordination, reduce unnecessary treatments, and ultimately lead to better patient outcomes.

Software held the largest share in the Care Management Solutions market

By Component (Software, Services) where Software plays a crucial role in the Care Management Solutions market. Chronic diseases such as diabetes, heart disease, and hypertension are on the rise globally. Care management solutions software is in demand to help healthcare providers manage the complex care needs of patients with chronic conditions, including monitoring, medication management, and lifestyle interventions. With the aging population, there is a higher prevalence of multiple chronic conditions and complex care needs.

Care Management Software for Seniors This software helps coordinate care for older adults, making sure they get the services and support they need to stay healthy and happy. It's like a personal assistant for their well-being. Population Health Management This is about improving the health of whole groups of people, not just individuals. It focuses on reducing healthcare costs while making sure everyone gets the care they need. Care management software plays a big role here by helping medical teams identify people at risk, group them based on their health needs, and create plans to address any health issues they may have. Regulatory Compliance Hospitals and clinics have to follow strict rules about patient care, reporting, and safety. Care management software makes it easier for healthcare providers to meet these requirements, like those set by the Medicare and Affordable Care Acts. It helps them collect data, create reports, and track how well they're meeting these standards.

North America headed the Care Management Solutions market in 2023

As our population ages, we're seeing a surge in older adults facing chronic health problems and needing more complex care. This is putting a strain on healthcare systems across North America. In response, there's a growing need for ways to better coordinate and provide care for these older adults. These solutions should help manage their multiple health conditions and address factors like housing, income, and social support that can affect their health. Healthcare systems in North America are shifting to a new model that focuses on quality and outcomes, rather than just the number of services provided. Care management solutions play a crucial role in this shift by helping to coordinate care, manage populations of patients, and engage patients in their own care. Chronic diseases like diabetes, heart disease, and lung problems are a major burden on healthcare spending and people's health in North America. Care management solutions are key to helping healthcare organizations manage these conditions effectively, prevent complications, and improve patient outcomes by proactively managing their care.

 North America is a leader in healthcare technology innovation, with a strong ecosystem of digital health startups, technology companies, and research institutions. Technological advancements in electronic health records (EHRs), telehealth platforms, and data analytics have facilitated the development of advanced care management solutions that leverage data-driven insights to improve care delivery and patient outcomes.

Key market players operating in the market that are profiled in the report are

EXL Service Holdings, Inc., Casenet, LLC, Medecision Inc., ZeOmega Inc., Cognizant Technology Solutions, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Cerner Corporation, EXL Healthcare etc.

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2017-2028
BASE YEAR

2020
FORECAST PERIOD

2021-2028
HISTORICAL PERIOD

2017-2019
UNIT

Value (USD Billion)
KEY COMPANIES PROFILED

EXL Service Holdings, Inc. (US), Casenet, LLC (US), Medecision Inc. (US), ZeOmega Inc. (US), Cognizant Technology Solutions (US), Cerner Corporation (US)
SEGMENTS COVERED
  • By End-User
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Key Players-

  • EXL Service Holdings Inc. (US)
  • Casenet LLC (US)
  • Medecision Inc. (US)
  • ZeOmega Inc. (US)
  • Cognizant Technology Solutions (US)
  • Cerner Corporation (US)
  • Allscripts Healthcare Solutions Inc. (US)
  • TCS Healthcare Technologies (US)
  • N.V. (Netherlands)
  • IBM Corporation (US)
  • Health Catalyst Inc. (US).

Global Care Management Solutions MarketSegmentation Analysis

The Global Care Management Solutions Market is segmented based on Application, End-User, And Geography.

Care Management Solutions Market, By Application

• Disease Management
• Case Management
• Utilization Management
• Other Applications

Based on Application, the market is segmented into Disease Management, Case Management, Utilization Management, and Other Applications. The disease management segment is expected to account for the largest share of this market. The high growth in this segment can be attributed to the ability of these solutions to reduce the cost of care with the help of protocol management and prevent episodes of ill health through comprehensive health management.

Care Management Solutions Market, By End-User

• Payers
• Providers
• Other End Users

Based on End-User, the market is bifurcated into Payers, Providers, and Other End Users. The deployment of Care Management Solutions is increasing among payers as it helps them in the effective management of patient health records, claims processing and reimbursement tasks, coordinating care for their members, and ensuring better health outcomes to mitigate their risk burden. The growing stringency of regulations for payers is another important factor driving the adoption of Care Management Solutions in this end-user segment.

Care Management Solutions Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Reasons to Purchase this Report

Market Insights We've done a thorough dive into the market, considering both financial and other factors, to give you a clear picture of the different segments and their potential. Each segment and sub-segment comes with its own market size (in billions of dollars) for a more detailed understanding. We've pinpointed the regions and segments that are likely to see the most growth and take the lead in the market.Regional Analysis We've broken down consumption by region, highlighting how and why the market is evolving in each area. Competitive Landscape We've ranked the key players in the market, along with their recent moves (new products, partnerships, expansions, etc.) over the past five years. For the top players, you'll find detailed profiles including company overviews, insights, product comparisons, and a SWOT analysis. Market Outlook We've analyzed recent developments, both positive and negative, to give you an outlook on the future of the industry. We've used Porter's Five Forces analysis to provide a deeper understanding of the market dynamics. Value Chain and Market Dynamics We've dissected the market value chain to give you insights into the key processes and stakeholders. Our analysis also includes potential growth opportunities and challenges in the coming years. Support and Guidance To ensure you have the best possible understanding of the market, we offer six months of post-sales analyst support.

Table of Content

1 INTRODUCTION OF GLOBAL CARE MANAGEMENT SOLUTIONS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL CARE MANAGEMENT SOLUTIONS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL CARE MANAGEMENT SOLUTIONS MARKET, BY APPLICATION
5.1 Overview
5.2 Disease Management
5.3 Case Management
5.4 Utilization Management
5.5 Other Applications

6 GLOBAL CARE MANAGEMENT SOLUTIONS MARKET, BY END-USER
6.1 Overview
6.2 Payers
6.3 Providers
6.4 Other End Users

7 GLOBAL CARE MANAGEMENT SOLUTIONS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East

8 GLOBAL CARE MANAGEMENT SOLUTIONS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 EXL Service Holdings Inc.
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2 Casenet LLC
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3 Medecision Inc.
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4 ZeOmega Inc.
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 Cognizant Technology Solutions
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 Cerner Corporation
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments

9.7 Allscripts Healthcare Solutions Inc.
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8 TCS Healthcare Technologies
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments

9.9 IBM Corporation
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments

9.10 Health Catalyst Inc.
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments

10 Appendix
10.1 Related Research

Key Players-

  • EXL Service Holdings Inc. (US)
  • Casenet LLC (US)
  • Medecision Inc. (US)
  • ZeOmega Inc. (US)
  • Cognizant Technology Solutions (US)
  • Cerner Corporation (US)
  • Allscripts Healthcare Solutions Inc. (US)
  • TCS Healthcare Technologies (US)
  • N.V. (Netherlands)
  • IBM Corporation (US)
  • Health Catalyst Inc. (US).

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