Report Overview

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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Benefits of Care Management Solution
         2. Growth Potential in The Emerging Economies
      2. Market Restraints
         1. Lack of Skilled Healthcare Professionals
      3. Market Challenges
         1. Lack of Sufficient IT Infrastructure
      4. Market Opportunity
         1. Increasing Prevalence of Chronic Diseases
         2. Growing Demand of Home Care Settings
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Global Care Management Solution Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Component
         1. Software
         2. Services
      2. By Deployment
         1. On-Premise Solutions
         2. Cloud-Based Solutions
      3. By End User
         1. Healthcare Payers
         2. Healthcare Providers
         3. Other End Users
      4. By Application
         1. Disease Management
         2. Case Management
         3. Utilization Management
         4. Other Applications
      5. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Care Management Solution Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Component
      2. By Deployment
      3. By End User
      4. By Application
      5. By Country
         1. U.S.
         2. Canada
7. Europe Care Management Solution Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Component
      2. By Deployment
      3. By End User
      4. By Application
      5. By Country
         1. Germany
         2. U.K.
         3. France
         4. Italy
         5. Spain
         6. Rest of Europe
8. APAC Care Management Solution Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Component
      2. By Deployment
      3. By End User
      4. By Application
      5. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Care Management Solution Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Component
      2. By Deployment
      3. By End User
      4. By Application
      5. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10.  MEA Care Management Solution Market Overview
    1. Market Size and Forecast
       1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Component
    4. By Deployment
    5. By End User
    6. By Application
    7. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of Europe
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
12. Impact of COVID-19 on Global Care Management Solution Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Zeomega Inc.
    2. Koninklijke Philips N.V.
    3. Allscripts Healthcare Solutions
    4. Virtualhealth
    5. Trizetto Corporation
    6. Nextgen Healthcare, Inc.
    7. Axispoint Health
    8. Health Catalyst Llc.
    9. Phytel Inc.
    10. Medecision Inc.
    11. Epic Corporation Inc.
    12. Cerner Corporation
    13. Mediware Information Systems
    14. Salesforce.Com, Inc.
    15. EXL Healthcare
    16. Athenahealth, Inc.
    17. I2I Systems Inc.
    18. Healthsmart Holdings Inc
    19. Pegasystems Inc.
    20. Other Prominent Players
14. 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