Care Management Solution Market
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Global Care Management Solution Market, By Component (Software, Services), By Deployment (On-Premise Solutions, Cloud-Based Solutions), By End User (Healthcare Payers, Healthcare Providers, Other End Users), By Application (Disease Management, Case Management, Utilization Management, Other Applications), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: August 2021
- Report ID: BWC2140
- Available Format: PDF
- Page: 200
Report Overview
The global care management solution market is flourishing due to factors such as the increasing preference for patient-centric care, as well as the need for more cost-effective healthcare. Aside from that, government initiatives to lower the burden on healthcare payers are also driving the global market.
The global care management solution market was worth USD 11.5 billion in 2020 and is further projected to reach USD 24.3 billion by the year 2027, growing at the CAGR of 11.4% in the forecast period. As patient-centric care continues to rise, along with healthcare expenditures, there is a growing demand for better cost-effective healthcare, thus fostering the growth of the global care management solution market. Furthermore, various government initiatives to lower the burden on healthcare payers are estimated to boost the market during the forecast period.
Source: BlueWeave Consulting
Global Care Management Solution Market- Overview
A care management solution is a wellness program that coordinates a set of activities along with the patient's long-term care. It helps to reduce overall medical costs. During this process, the patients' medical needs are easily and seamlessly aligned with the healthcare services provided by registered nurses who have specialized knowledge concerning disease management and lifestyle coaching.Care management solutions are becoming more and more popular among healthcare payers since they assist patients and caregivers in managing health conditions more effectively.
Global Care Management Solution Market Forecast and Trends
Growth Drivers
Benefits of Care Management Solution
The adoption of care management solutions offers several benefits for both patients and healthcare service providers, which fuels the growth of the global care management solution. It offers workflow automation which is an essential part of caregiving. Using automated care plans, healthcare providers can analyze both past and current health scenarios and treat them accordingly. In addition to developing customized treatments, care management solutions also offer data-driven solutions for improving health outcomes. These factors are driving the growth of the global care management solution market.
Growth Potential in The Emerging Economies
The rising healthcare expenditure, government initiatives, and developing IT infrastructure in emerging economies are some of the major growth factors for the global care management solution. Several countries, including India and China, are investing heavily in information technology (IT) and healthcare. These countries are now emerging as hubs for healthcare and IT. As a result of these developments, the global market is seeing immense opportunities because citizens are waking up to the benefits of the care management system due to digitization and increasing internet usage.
Restraints
Lack of Skilled Healthcare Professionals
Information technology and advanced technologies play a crucial role in the adoption of care management solutions. Unfortunately, the lack of sufficient IT infrastructure and healthcare providers well versed in this technology pose great threats to the growth of the global care management solution market. Furthermore, healthcare organizations need to maintain a proper server and operational workflow for providing proper and timely healthcare services. In emergency situations, any mismanagement can lead to severe consequences, negatively affecting the global market for care management solutions.
Impact of COVID-19 on Global Care Management Solution Market
The COVID-19 brought a tremendous amount of burden on the entire healthcare system. With the ever-increasingCOVID-19 cases, it was getting tiresome to manage patients suffering from coronavirus infection, as well as other medical conditions. In such a scenario, the global care management solution market emerged as a proficient solution for healthcare providers to integrate solutions to deliver healthcare services. Furthermore, as a result of the lockdown, hospital visits were also limited, which provided significant growth opportunities for health care management solutions globally.
Global Care Management Solution Market - By Component
Based on components, the global care management solution market is segmented into software and services. The software segment captures the largest market share and is expected to remain at its dominant position in the forecast period as well.Software solutions provide simple user interfaces that are easy to use, especially for geriatrics. It helps patients monitor, record, and share their vitals which proves to be effective in diagnosis and treatment. Furthermore, the affordability of the software also favors the growth of this segment.
Global Care Management Solution Market - By Deployment
Based on deployment, the global care management solution market is categorized into on-premise solutions and cloud-based solutions. The on-premise segment covers the largest market share. However, its share is expected to decline during the forecast period and is projected to take over by cloud-based solutions. The increasing penetration of medical technologies and smartphones, along with the rising demand for home care settings are some of the major factors propelling the growth of this segment. Furthermore, cloud-based solutions offer the convenience of remote data access and sharing, contributing to the overall increase in the market.
Global Care Management Solution Market - Regional Insights
Geographically, the global care management solution market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Because of advancements in healthcare infrastructure, North America dominates the market for cloud-based solutions. Furthermore, the growing awareness regarding management solutions and an increasing number of senior citizens who are under home-based care are contributing greatly to the growth of the global care management solution market in the region. The European market, on the other hand,is also gaining traction and is expected to grow at a substantial rate during the forecast period.
Competitive Landscape
The leading players in the global care management solution market are Zeomega Inc., Koninklijke Philips N.V., Allscripts Healthcare Solutions, VirtualHealth, Trizetto Corporation, Nextgen Healthcare, Inc., Axispoint Health, Health Catalyst LLC., Phytel Inc., Epic Corporation Inc., Cerner Corporation, Medecision Inc., Mediware Information Systems, Salesforce, Inc., EXL Healthcare, Athenahealth, Inc., I2I Systems Inc., Healthsmart Holdings Inc., Pegasystems Inc., and other prominent players.
The market is consolidated with the presence of leading players such as Philips. However, as the market is still growing, it has huge potential for new entrants as well. The leading players in the market have been adopting competitive strategies, such as partnerships, mergers and acquisitions, collaborations, and many others, to broaden the solutions and services they offer and strengthen their niches in different geographical locations.
Recent Development
- In August 2021, Keystone Healthcare Partners, a US-based provider of Emergency Medicine, Hospital Medicine, and Telehealth clinical management services, announced its partnership with EmOpti, a Wisconsin-based company, and HealthTalk A.I., a Virginia-based company to deliver high-quality patient-centered care through innovative management solutions
- In August 2021, Evolent Health Inc., a US-based healthcare delivery company, and WindRose Health Investors, a US-based capital market company, announced their definitive agreement for Evolent to acquire the latter’s portfolio company Vital Decisions.
Scope of the Report
Attributes | Details |
Years Considered | Historical data – 2017-2020 |
Base Year – 2020 | |
Forecast – 2021 – 2027 | |
Facts Covered | Revenue in USD Billion |
Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product Service/Segmentation | By Component, By Deployment, By End-User, By Application, By Region |
Key Players | Zeomega Inc., Koninklijke Philips N.V., Allscripts Healthcare Solutions, VirtualHealth, Trizetto Corporation, Nextgen Healthcare, Inc., Axispoint Health, Health Catalyst LLC., Phytel Inc., Epic Corporation Inc., Cerner Corporation, Medecision Inc., Mediware Information Systems, Salesforce, Inc., EXL Healthcare, Athenahealth, Inc., I2I Systems Inc., Healthsmart Holdings Inc., Pegasystems Inc., and other prominent players. |
By Component
- Software
- Services
By Deployment
- On-Premise Solutions
- Cloud-Based Solutions
By End-User
- Healthcare Payers
- Healthcare Providers
- Other End-Users
By Application
- Disease Management
- Case Management
- Utilization Management
- Other Applications
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Research Framework
- Research Objective
- Product Overview
- Key Market Segments
- Research Methodology
- Qualitative Research
- Methodology
- Regional Split of Primary & Secondary Research
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumptions for the Study
- Market Breakdown & Data Triangulation
- Executive Summary
- Industry Insight and Growth Strategy
- Value Chain Analysis
- DROC Analysis
- Market Drivers
- Benefits of Care Management Solution
- Growth Potential in The Emerging Economies
- Market Restraints
- Lack of Skilled Healthcare Professionals
- Market Challenges
- Lack of Sufficient IT Infrastructure
- Market Opportunity
- Increasing Prevalence of Chronic Diseases
- Growing Demand of Home Care Settings
- Market Drivers
- Recent Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Rivalry
- Threat of New Entrants
- Threat of Substitutes
- Global Care Management Solution Market Overview
- Market Size & Forecast by Value, 2017-2027
- Market Size and Forecast, By Segment
- By Component
- Software
- Services
- By Deployment
- On-Premise Solutions
- Cloud-Based Solutions
- By End User
- Healthcare Payers
- Healthcare Providers
- Other End Users
- By Application
- Disease Management
- Case Management
- Utilization Management
- Other Applications
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- By Component
- North America Care Management Solution Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Component
- By Deployment
- By End User
- By Application
- By Country
- U.S.
- Canada
- Market Size and Forecast
- Europe Care Management Solution Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Component
- By Deployment
- By End User
- By Application
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Market Size and Forecast
- APAC Care Management Solution Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Component
- By Deployment
- By End User
- By Application
- By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
- Market Size and Forecast
- LATAM Care Management Solution Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Component
- By Deployment
- By End User
- By Application
- By Country
- Mexico
- Brazil
- Rest of LATAM
- Market Size and Forecast
- MEA Care Management Solution Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Component
- By Deployment
- By End User
- By Application
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Europe
- Market Size and Forecast
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis (2020)
- Competitive Benchmarking by Operating Parameters
- Impact of COVID-19 on Global Care Management Solution Market
- Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- Zeomega Inc.
- Koninklijke Philips N.V.
- Allscripts Healthcare Solutions
- Virtualhealth
- Trizetto Corporation
- Nextgen Healthcare, Inc.
- Axispoint Health
- Health Catalyst Llc.
- Phytel Inc.
- Medecision Inc.
- Epic Corporation Inc.
- Cerner Corporation
- Mediware Information Systems
- Salesforce.Com, Inc.
- EXL Healthcare
- Athenahealth, Inc.
- I2I Systems Inc.
- Healthsmart Holdings Inc
- Pegasystems Inc.
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1: Global Care Management Solution Market Segmentation
Figure 2: Global Care Management Solution Market Value Chain Analysis,
Figure 3: Company Market Share Analysis, 2020
Figure 4: Global Care Management Solution Market Size, By Value (USD Billion), 2017-2027
Figure 5: Global Care Management Solution Market Share (%), By Component, By Value, 2017-2027
Figure 6: Global Care Management Solution Market Share (%), By Deployment, By Value, 2017-2027
Figure 7: Global Care Management Solution Market Share (%), By End User, By Value, 2017-2027
Figure 8: Global Care Management Solution Market Share (%), By Application, By Value, 2017-2027
Figure 9: Global Care Management Solution Market Share (%), By Region, By Value, 2017-2027
Figure 10: North America Care Management Solution Market Size, By Value (USD Billion), 2017-2027
Figure 11: North America Care Management Solution Market Share (%), By Component, By Value, 2017-2027
Figure 12: North America Care Management Solution Market Share (%), By Deployment, By Value, 2017-2027
Figure 13: North America Care Management Solution Market Share (%), By End User, By Value, 2017-2027
Figure 14: North America Care Management Solution Market Share (%), By Application, By Value, 2017-2027
Figure 15: North America Care Management Solution Market Share (%), By Country, By Value, 2017-2027
Figure 16: Europe Care Management Solution Market Size, By Value (USD Billion), 2017-2027
Figure 17: Europe Care Management Solution Market Share (%), By Component, By Value, 2017-2027
Figure 18: Europe Care Management Solution Market Share (%), By Deployment, By Value, 2017-2027
Figure 19: Europe Care Management Solution Market Share (%), By End User, By Value, 2017-2027
Figure 20: Europe Care Management Solution Market Share (%), by Application, By Value, 2017-2027
Figure 21: Europe Care Management Solution Market Share (%), By Country, By Value, 2017-2027
Figure 22: Asia-Pacific Care Management Solution Market Size, By Value (USD Billion), 2017-2027
Figure 23: Asia-Pacific Care Management Solution Market Share (%), By Component, By Value, 2017-2027
Figure 24: Asia-Pacific Care Management Solution Market Share (%), By Deployment, By Value, 2017-2027
Figure 25: Asia-Pacific Care Management Solution Market Share (%), By End User, By Value, 2017-2027
Figure 26: Asia-Pacific Care Management Solution Market Share (%), By Application, By Value, 2017-2027
Figure 27: Asia-Pacific Care Management Solution Market Share (%), By Country, By Value, 2017-2027
Figure 28: Latin America Care Management Solution Market Size, By Value (USD Billion), 2017-2027
Figure 29: Latin America Care Management Solution Market Share (%), By Component, By Value, 2017-2027
Figure 30: Latin America Care Management Solution Market Share (%), By Deployment, By Value, 2017-2027
Figure 31: Latin America Care Management Solution Market Share (%), By End User, By Value, 2017-2027
Figure 32: Latin America Care Management Solution Market Share (%), By Application, By Value, 2017-2027
Figure 33: Latin America Care Management Solution Market Share (%), By Country, By Value, 2017-2027
Figure 34: Middle East & Africa Care Management Solution Market Size, By Value (USD Billion), 2017-2027
Figure 35: Middle East & Africa Care Management Solution Market Share (%), By Component, By Value, 2017-2027
Figure 36: Middle East & Africa Care Management Solution Market Share (%), By Deployment, By Value, 2017-2027
Figure 37: Middle East & Africa Care Management Solution Market Share (%), By End User, By Value, 2017-2027
Figure 38: Middle East & Africa Care Management Solution Market Share (%), By Application, By Value, 2017-2027
Figure 39: Middle East & Africa Care Management Solution Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table 1: Global Care Management Solution Market Size, By Component, By Value, 2017-2027
Table 2: Global Care Management Solution Market Size, By Deployment, By Value (USD Billion), 2017-2027
Table 3: Global Care Management Solution Market Size, By End User, By Value (USD Billion), 2017-2027
Table 4: Global Care Management Solution Market Size, By Application, By Value (USD Billion), 2017-2027
Table 5: Global Care Management Solution Market Size, By Region, By Value (USD Billion), 2017-2027
Table 6: North America Care Management Solution Market Size, By Component, By Value (USD Billion), 2017-2027
Table 7: North America Care Management Solution Market Size, By Deployment, By Value (USD Billion), 2017-2027
Table 8: North America Care Management Solution Market Size, By End User, By Value (USD Billion), 2017-2027
Table 9: North America Care Management Solution Market Size, By Application, By Value (USD Billion), 2017-2027,
Table 10: Europe Care Management Solution Market Size, By Component, By Value (USD Billion), 2017-2027
Table 11: Europe Care Management Solution Market Size, By Deployment, By Value (USD Billion), 2017-2027
Table 12: Europe Care Management Solution Market Size, By End User, By Value (USD Billion), 2017-2027
Table 13: Europe Care Management Solution Market Size, By Application, By Value (USD Billion), 2017-2027
Table 14: the Asia-Pacific Care Management Solution Market Size, By Component, By Value (USD Billion), 2017-2027
Table 15: the Asia-Pacific Care Management Solution Market Size, By Deployment, By Value (USD Billion), 2017-2027
Table 16: the Asia-Pacific Care Management Solution Market Size, By End User, By Value (USD Billion), 2017-2027
Table 17: the Asia-Pacific Care Management Solution Market Size, By Application, By Value (USD Billion), 2017-2027
Table 18: Latin America Care Management Solution Market Size, By Component, By Value (USD Billion), 2017-2027
Table 19: Latin America Care Management Solution Market Size, By Deployment, By Value (USD Billion), 2017-2027
Table 20: Latin America Care Management Solution Market Size, By End User, By Value (USD Billion), 2017-2027
Table 21: Latin America Care Management Solution Market Size, By Application, By Value (USD Billion), 2017-2027
Table 22: The Middle-East & Africa Care Management Solution Market Size, By Component, By Value (USD Billion), 2017-2027
Table 23: The Middle-East & Africa Care Management Solution Market Size, By Deployment, By Value (USD Billion), 2017-2027
Table 24: The Middle-East & Africa Care Management Solution Market Size, By End User, By Value (USD Billion), 2017-2027
Table 25: The Middle-East & Africa Care Management Solution Market Size, By Application, By Value (USD Billion), 2017-2027
Table 26: Zeomega Inc. Financial Analysis
Table 27: Zeomega Inc. Business Overview
Table 28: Koninklijke Philips N.V. Financial Analysis
Table 29: Koninklijke Philips N.V. Business Overview
Table 30: Allscripts Healthcare Solutions Financial Analysis
Table 31: Allscripts Healthcare Solutions Business Overview
Table 32: Virtualhealth Financial Analysis
Table 33: Virtualhealth Business Overview
Table 34: Trizetto Corporation Financial Analysis
Table 35: Trizetto Corporation Business Overview
Table 36: Nextgen Healthcare, Inc. Financial Analysis
Table 37: Nextgen Healthcare, Inc. Business Overview
Table 38: Axispoint Health Financial Analysis
Table 39: Axispoint Health Business Overview
Table 40: Health Catalyst LLC. Financial Analysis
Table 41: Health Catalyst LLC.Business Overview
Table 42: Phytel Inc. Financial Analysis
Table 43: Phytel Inc. Business Overview
Table 44: Medecision, Inc.Financial Analysis
Table 45: Medecision, Inc. Business Overview
Table 46: Epic Corporation Inc. Financial Analysis
Table 47: Epic Corporation Inc. Financial Analysis
Table 48: Cerner CorporationFinancial Analysis
Table 49: Cerner CorporationBusiness Overview
Table 50: Mediware Information SystemsFinancial Analysis
Table 51: Mediware Information SystemsBusiness Overview
Table 52: Salesforce.Com, Inc.Financial Analysis
Table 53: Salesforce.Com, Inc.Business Overview
Table 54: EXL HealthcareFinancial Analysis
Table 55: EXL HealthcareBusiness Overview
Table 56: Athenahealth, Inc.Financial Analysis
Table 57: Athenahealth, Inc.Business Overview
Table 58: I2I Systems Inc.Financial Analysis
Table 59: I2I Systems Inc.Business Overview
Table 60: Healthsmart Holdings IncFinancial Analysis
Table 61: Healthsmart Holdings IncBusiness Overview
Table 60: Pegasystems Inc.Financial Analysis
Table 61: Pegasystems Inc.Business Overview
Market Segmentation
By Component
- Software
- Services
By Deployment
- On-Premise Solutions
- Cloud-Based Solutions
By End-User
- Healthcare Payers
- Healthcare Providers
- Other End-Users
By Application
- Disease Management
- Case Management
- Utilization Management
- Other Applications
By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East & Africa
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