Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Care Management Solutions Market size is expected to reach $25.4 billion by 2028, rising at a market growth of 14.8% CAGR during the forecast period.
The Healthcare Payers segment is showcasing a CAGR of 15.3% during (2022 - 2028) The payer’s role in care management mainly entails quality of care. The payer care management programs focus majorly on the cost and the care outcome of the member patients. The market is expected to grow in this segment in near future due to the rising need of balancing the healthcare cost.
The Software segment acquired maximum revenue share in the Global Care Management Solutions Market by Component in 2021 thereby, achieving a market value of $14.9 billion by 2028. This can be ascribed to the software's user-friendliness and low cost. Software solutions offer coordinated care that is effective. They allow medical professionals to accurately diagnose patients, keep track of their vital signs and medications, reduce surgical mistakes, and provide digital data for use in clinical research.
The Cloud-based segment has shown the growth rate of 15.2% during (2022 - 2028). In comparison to other delivery methods, cloud-based software offers greater flexibility, is simple to scale up depending on the patient population, and is comparably more economical. These elements are to blame for the segment's faster expansion. Healthcare providers are increasingly using cloud-based EHR to increase security, accessibility, and storage capacity, which is propelling the market growth.
The North America market dominated the Global Care Management Solutions Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10 billion by 2028. The Europe market is exhibiting a CAGR of 14% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 15.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AllScripts Healthcare Solutions, Inc., Epic Systems Corporation, Cognizant Technology Solutions Corporation, ExlService Holdings, Inc., Koninklijke Philips N.V., Oracle Corporation (Cerner Corporation), Zeomega, Inc., Medecision, Inc. (Health Care Service Corporation), IBM Corporation, and Casenet, LLC (Zyter, Inc.)
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