Care Management solutions are getting popularity across the world. The use of health information expertise and online abilities in healthcare boosts care quality by improving care access, effectiveness, chronic disorder management and care management. Care management solutions deliver several features that increase collaboration between healthcare participants to deliver patient-centric care and increase patient compliance to interventions provided. Global care management solution market is anticipated to reach $16.5 billion from $ 6 billion with a robust CAGR of 18% during 2015-2022.
The enactment of initiatives to shift the burden of risk from healthcare payers to providers, expansion of patient-centric care, growing geriatric population coupled with the burden of chronic diseases, need to decrease healthcare costs, growing medical tourism sector and advancing information technology and big data abilities are some of the key factors developing the care management solutions market. Global Care management solution market has huge market potential and acceptance of these facilities are growing still there are few factor such as high investments required for supporting infrastructure and data security concerns related to cloud-based solutions are hindering the growth for care management solution market.
Segmentation of global care management solution market is done on the basis of component, application, delivery mode and end-users. On the basis of components market is segmented into, software and services. Services market further sub segmented into consulting services, ongoing IT support & implementation services, training & education service and post-sale & maintenance services. On the basis of delivery mode, the market of care management solution is segmented into web-based, cloud based and on–premise delivery. The web-based delivery solutions segment is anticipated to capture largest share of the care management solutions market in 2016. On the basis of application market is segmented into case management, chronic care management, disease management and utilization management. The chronic care management is anticipated to command the largest share of the care management solutions market in 2016 and grow at the highest rate. On the basis of end user market is segmented into healthcare providers, healthcare payers and others.
Segmentation by geographically of care management solution market is done into North America, Europe, Asia Pacific and RoW. North America is projected to account for the largest share of the global care management solutions market in 2016, followed by Europe. North America maintaining large share of the market due to the shift in the burden of risk from payers to providers in the U.S., growing geriatric population, and need to control healthcare costs in the U.S. Asia Pacific will grow at a fastest rate during the forecasted years due to rising medical tourism in China, India & Thailand and increasing cases of cancer and other chronic diseases.
Key players operating in care management solution include, Allscripts Healthcare Solutions, Cerner Corporation, Exl Healthcare, Harmony Information Systems, Inc., Medecision Inc., Phytel, Inc., Salesforce.com, Trizetto Corporation, Zeomega Inc. Mergers & acquisition, innovation in the technology, technical collaboration and expansions in the different geography are the key strategies adopted by the market players to sustain in the market.