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NEW YORK, April 19, 2022 /PRNewswire/ — As per the Zion Market Research study, the global care management solutions market was worth around USD 11894.9 million in 2021 and is estimated to grow to about USD 22128.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.9 percent over the forecast period. The report analyzes the care management solutions market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the care management solutions market.
Zion Market Research published the latest report titled as "Care Management Solutions Market By Component (Software, Services), By Delivery Mode (Web, Cloud, On Premise), By Application (Disease Management, Case Management, Utilization Management, Other Applications), By End User (Payers, Providers, Other End Users) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028." into their research database.
Care Management Solutions Market: Overview
Care management solutions have gained massive popularity over the past few years owing to the rising focus on healthcare and increasing healthcare spending on a global scale. Healthcare infrastructure is developing rapidly across the world and will majorly propel care management solutions market growth through 2028.
Rising healthcare expenditure, increasing focus on healthcare, rising technological proliferation, rising focus on patient-centric healthcare, increasing investments, growing burden on healthcare infrastructure are some major factors that influence the adoption of care management solutions over the forecast period.
However, the lack of skilled professionals to effectively use and manage care management solutions is anticipated to act as a major constraining factor through 2028 and will hamper the care management solutions market potential in the long run.
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Care Management Solutions Market: Growth Dynamics
Increasing Deployment of Initiatives to Create an Effective Healthcare Management Infrastructure
Advancements in technology have boosted several industry vertical growth and this trend is now highly prominent in the healthcare industry as well. Increasing demand for healthcare is putting pressure and burden on healthcare infrastructure that it’s not 9yet equipped to handle and this is boosting the adoption of care management solutions market growth through 2028. Increasing focus on shifting risk from healthcare payers to providers is expected to bolster the care management solutions market potential over the forecast.
Care Management Solutions Market: Restraints
Lack of Skilled Workforce
Care management solutions are deployed in accordance with multiple technologies and are effective with a developed and established IT infrastructure that is lacking in most healthcare systems across the world. However, there is a shortage of skilled professionals who could manage and maintain such IT-based care management solutions. This is expected to act as a key restraining factor for the care management solutions market potential through the forecast period.
Global Care Management Solutions Market: Segmentation
The global care management solutions market is segregated based on component, delivery mode, application, end user, and region.
By Delivery mode, the market is divided into cloud-based, and on premise. The cloud-based segment is anticipated to see stellar growth over the forecast period owing to the rising popularity of cloud technology across the world. Increasing adoption of cloud-based solutions will also propel this segment to drive the global care management solutions market growth over the forecast period.
By End user, the care management solutions market is segmented into healthcare providers, healthcare payers, and others. The provider’s segment is anticipated to hold a dominant outlook through 2028. Increasing demand for patient-oriented care solutions, rising healthcare expenditure, increasing patient pool, growing demand for productive and efficient management solutions are some of the major factors driving this segment and care management solutions market potential through 2028.
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List of Key Players of Care Management Solutions Market:
Key Industry Insights & Finding of the Care Management Solutions Market Reports:
Key questions answered in this report:
Market size value in 2021
USD 11894.9 Million
Revenue forecast in 2028
USD 22128.4 Million
CAGR of almost 10.9% 2022-2028
2016 – 2021
2022 – 2028
By Product Type, By Application, and By End Use
Value (USD Million), and Volume (Units)
Revenue in USD million/billion and CAGR from 2022 to 2028
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
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), and Epic Systems Corporation (US).
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
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The market for care management solutions in North America will emerge as the most lucrative market in the global care management solutions market landscape. Increasing focus on healthcare, rising adoption of technology, increasing healthcare spending, increasing demand for patient safety, rising adoption by healthcare providers and payers, presence of key care management solutions companies are some of the major factors that will be propelling the care management solutions market growth in this region. The United States and Canada are projected to be the most lucrative market in this region through 2028
Asia Pacific region will also have a bright outlook for the global care management solutions market in terms of revenue and volume share owing to developing healthcare infrastructure and rising investments in healthcare in emerging economies in this region. India, China, and Japan are expected to be prominent markets in this region over the forecast period.
Global Care Management Solutions Market is segmented as follows:
Care Management Solutions Market: By Component Outlook (2022-2028)
Care Management Solutions Market: By Delivery Mode Outlook (2022-2028)
Care Management Solutions Market: By Application Outlook (2022-2028)
Care Management Solutions Market: By End User Outlook (2022-2028)
Care Management Solutions Market: By Region Outlook (2022-2028)
Middle East & Africa
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