Global Care Management Solutions Market: Overview
Care management solutions are web-based integrated healthcare solutions. They offer the patient’s quality care with the use of services and products in a cost-effective way at a reduced risk. Care management solutions are used by government bodies, employer groups, providers, and payer. Owing to the rising demand of the care management solutions, the global market is expected to grow at a fast pace in the near future.
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Global Care Management Solutions Market: Growth Factors
The major factors boosting the growth of the global care management solutions include initiatives to move the burden of risk from healthcare payers to providers, establishment of patient-centered mandates, increase in aging population and the burden of chronic diseases. The other factors contributing to the growth of the market are the inevitability to control increasing healthcare prices, increase in the medical tourism domain, and improvements in big data capabilities and IT solutions.
Global Care Management Solutions Market: Segmentation
The global care management solutions market may be segmented based on application, delivery mode, component, end-user, and geography. The application segment of the market is divided into disease management, chronic care management, utilization management, and case management. The delivery mode segment of the global market is classified into cloud-based, web-based, and on-premise. The cloud-based segment of the global market is assumed to grow at a higher rate due to scalability, more flexibility, and affordability provided by these solutions. The component segment of the global care management solutions market is diversified into services and software. The services segment of the market is sub-segmented into training and education services, consulting services, post-sale & maintenance services, and implementation services. The end-user segment of the market is divided into payers, providers, and others. Geographically, the global care management solutions market is grouped into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Care Management Solutions Market: Regional Analysis
North America is anticipated to dominate the global care management solutions market owing to increase in consumer expenditure in the healthcare domain, growing frequency of chronic diseases, governmental improvements, and enhanced healthcare framework. Europe is also expected to grow at a fast pace in the global market in the coming period. Asia Pacific region is assumed to grow at a significant rate in the care management solutions in the near future owing to rising geriatric population, increase in demand for better care facilities at inexpensive cost, and government support.
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Global Care Management Solutions Market: Competitive Players
The prominent players in the global care management solutions market are TriZetto Corporation, AxisPoint Health, Phytel Inc., ZeOmega Inc., EXL Healthcare, Allscripts Healthcare Solutions, Inc., and Wellcentive, Inc. The other major players in the market are Medecision, Inc., HealthSmart Holdings, Inc., i2i Systems, Inc., Pegasystems Inc., Harmony Information Systems, Inc., McKesson Corporation, and Epic Corporation Inc.
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