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Care Management Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5562474

Quick Summary:

In the ever-evolving care management solutions industry, opportunities for optimization and enhancement of patient care are constantly emerging and expanding. As the prevalence of chronic diseases increases and governments continue to encourage cost-effective health management, the demand for care management services rises significantly. These software solutions can significantly reduce overall healthcare costs while providing comprehensive care for patients, enabling healthcare entities to coordinate care effectively, streamline their workflow, and maintain a high standard of services for their patients. This growing demand signifies the bright future of the care management solutions market and presents a lucrative investment opportunity.

Utilizing these solutions can help healthcare organizations to optimize their workload, reduce administrative tasks, and offer safe, cost-effective, and enhanced services to patients. Moreover, as IoT and big data analytics gain traction in this industry, their integration into care management solutions will further improve accessibility, efficiency, and functionality, paving the way for a promising market outlook. The demand for these solutions is also strengthened by the increasing chronic disease prevalence coupled with the rising geriatric population, thereby fostering market growth. The introduction of new health solutions targeting value-based care performance improvement further opens attractive growth avenues for industry investors.

Overall, enhancing your understanding of the global care management solutions market and its latest trends can be instrumental in helping your business leverage emerging opportunities and stay ahead of the competition. Our comprehensive report provides a powerful tool in the hands of businesses, helping them to make data-driven decisions and create effective strategies.

The global care management solutions market size reached US$ 15.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 31.6 Billion by 2028, exhibiting a growth rate (CAGR) of 12.1% during 2023-2028. The growing prevalence of chronic diseases, favorable government initiatives, and rising focus on reducing healthcare costs represent some of the key factors driving the market.

Care management solutions are designed to enhance care management for patients. They comprise care plan creation, clinical coordination, appointment scheduling, data monitoring, patient intake, analytics, reporting, and patient engagement. They ensure proper medication, decrease administrative workload, and maintain coordination between multiple providers. They reduce overall healthcare costs, save time and effort, and decrease the number of hospital visits. They assist in preventing human errors, streamlining the working process, and increasing efficiency. They also aid in improving clinical outcomes, providing high customer satisfaction, and lowering duplicative tests and procedures. Besides this, they are beneficial in managing several chronic health conditions of individuals. As they are widely utilized by healthcare organizations and service providers to improve patient care quality, the demand for care management solutions is increasing across the globe.

Care Management Solutions Market Trends:

Presently, the rising adoption of care management solutions in hospitals, clinics, and other healthcare centers to reduce overall healthcare costs represents one of the key factors supporting the growth of the market. Apart from this, the growing utilization of care management solutions, as they aid in optimizing workload and reducing administrative tasks of a business organization, is positively influencing the market. Additionally, the rising demand for safe, cost-effective, and enhanced services among individuals around the world is contributing to the growth of the market. Besides this, the increasing prevalence of several chronic diseases among individuals, along with the rising geriatric population across the globe, is strengthening the growth of the market. In addition, governing agencies of various countries are encouraging the adoption of care management solutions by promoting patient-centric care, which is bolstering the growth of the market. Moreover, the emergence of the internet of things (IoT) and big data analytics in care management solutions, along with the increasing investments in healthcare infrastructure by profit and non-profit organizations, is offering a favorable market outlook. In line with this, the rising demand for care management solutions, as they assist in providing easy access to data, even from remote locations, is impelling the growth of the market. Furthermore, key players are introducing a new health solution for value-based care performance improvement, which is offering lucrative growth opportunities to industry investors.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global care management solutions market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, delivery mode, application and end user.

Type Insights:

  • Software
  • Services
The report has provided a detailed breakup and analysis of the care management solutions market based on the type. This includes software and services. According to the report, software represented the largest segment.

Delivery Mode Insights:

  • Cloud-based and Web-based
  • On-premises
A detailed breakup and analysis of the care management solutions market based on the delivery mode has also been provided in the report. This includes cloud-based and web-based and on-premises. According to the report, cloud-based and web-based accounted for the largest market share.

Application Insights:

  • Chronic Care Management
  • Disease Management
  • Utilization Management
A detailed breakup and analysis of the care management solutions market based on the application has also been provided in the report. This includes chronic care management, disease management, and utilization management.

End User Insights:

  • Healthcare Payers
  • Healthcare Providers
  • Others
A detailed breakup and analysis of the care management solutions market based on the end user has also been provided in the report. This includes healthcare payers, healthcare providers, and others. According to the report, healthcare providers accounted for the largest market share.

Regional Insights:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for care management solutions. Some of the factors driving the North America care management solutions market included the growing demand to reduce healthcare costs, rising consumer spending in healthcare products and services, presence of several key players in the region, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global care management solutions market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Allscripts Healthcare Solutions Inc., Cerner Corporation, Cognizant, Epic Systems Corporation, Exlservice Holdings Inc., i2i Population Health, International Business Machines Corporation, Koninklijke Philips N.V., Medecision Inc. (Health Care Service Corporation), Pegasystems Inc., Salesforce.com Inc., Zeomega Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global care management solutions market in 2022?
2. What is the expected growth rate of the global care management solutions market during 2023-2028?
3. What are the key factors driving the global care management solutions market?
4. What has been the impact of COVID-19 on the global care management solutions market?
5. What is the breakup of the global care management solutions market based on the type?
6. What is the breakup of the global care management solutions market based on the delivery mode?
7. What is the breakup of the global care management solutions market based on the end user?
8. What are the key regions in the global care management solutions market?
9. Who are the key players/companies in the global care management solutions market?
Frequently Asked Questions about the Global Care Management Solutions Market

What is the estimated value of the Global Care Management Solutions Market?

The Global Care Management Solutions Market was estimated to be valued at $15.1 Billion in 2022.

What is the growth rate of the Global Care Management Solutions Market?

The growth rate of the Global Care Management Solutions Market is 13.1%, with an estimated value of $31.6 Billion by 2028.

What is the forecasted size of the Global Care Management Solutions Market?

The Global Care Management Solutions Market is estimated to be worth $31.6 Billion by 2028.

Who are the key companies in the Global Care Management Solutions Market?

Key companies in the Global Care Management Solutions Market include Allscripts Healthcare Solutions Inc., Cerner Corporation, Cognizant, Epic Systems Corporation, Exlservice Holdings Inc., i2i Population Health, International Business Machines Corporation, Koninklijke Philips N.V., Medecision Inc. (Health Care Service Corporation) and Pegasystems Inc..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Care Management Solutions Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Delivery Mode
7.1 Cloud-based and Web-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Chronic Care Management
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Disease Management
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Utilization Management
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End User
9.1 Healthcare Payers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare Providers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allscripts Healthcare Solutions Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cerner Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cognizant
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Epic Systems Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Exlservice Holdings Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 i2i Population Health
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 International Business Machines Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Koninklijke Philips N.V.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Medecision Inc. (Health Care Service Corporation)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Pegasystems Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Salesforce.com Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Zeomega Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Care Management Solutions Market: Major Drivers and Challenges
Figure 2: Global: Care Management Solutions Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Care Management Solutions Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Care Management Solutions Market: Breakup by Type (in %), 2022
Figure 5: Global: Care Management Solutions Market: Breakup by Delivery Mode (in %), 2022
Figure 6: Global: Care Management Solutions Market: Breakup by Application (in %), 2022
Figure 7: Global: Care Management Solutions Market: Breakup by End User (in %), 2022
Figure 8: Global: Care Management Solutions Market: Breakup by Region (in %), 2022
Figure 9: Global: Care Management Solutions (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Care Management Solutions (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Care Management Solutions (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Care Management Solutions (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Care Management Solutions (Cloud-based and Web-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Care Management Solutions (Cloud-based and Web-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Care Management Solutions (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Care Management Solutions (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Care Management Solutions (Chronic Care Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Care Management Solutions (Chronic Care Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Care Management Solutions (Disease Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Care Management Solutions (Disease Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Care Management Solutions (Utilization Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Care Management Solutions (Utilization Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Care Management Solutions (Healthcare Payers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Care Management Solutions (Healthcare Payers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Care Management Solutions (Healthcare Providers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Care Management Solutions (Healthcare Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Care Management Solutions (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Care Management Solutions (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: United States: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: United States: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Canada: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Canada: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Asia-Pacific: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Asia-Pacific: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: China: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: China: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Japan: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Japan: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: India: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: India: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: South Korea: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: South Korea: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Australia: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Australia: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Indonesia: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Indonesia: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Others: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Others: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Europe: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Europe: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Germany: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Germany: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: France: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: France: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: United Kingdom: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: United Kingdom: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Italy: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Italy: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Spain: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Spain: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Russia: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Russia: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Latin America: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Latin America: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Brazil: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Brazil: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Mexico: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Mexico: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Middle East and Africa: Care Management Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Middle East and Africa: Care Management Solutions Market: Breakup by Country (in %), 2022
Figure 77: Middle East and Africa: Care Management Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: Care Management Solutions Industry: SWOT Analysis
Figure 79: Global: Care Management Solutions Industry: Value Chain Analysis
Figure 80: Global: Care Management Solutions Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Care Management Solutions Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Care Management Solutions Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Care Management Solutions Market Forecast: Breakup by Delivery Mode (in Million US$), 2023-2028
Table 4: Global: Care Management Solutions Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Care Management Solutions Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Care Management Solutions Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Care Management Solutions Market: Competitive Structure
Table 8: Global: Care Management Solutions Market: Key Players

Companies Mentioned

  • Allscripts Healthcare Solutions Inc.
  • Cerner Corporation
  • Cognizant
  • Epic Systems Corporation
  • Exlservice Holdings Inc.
  • i2i Population Health
  • International Business Machines Corporation
  • Koninklijke Philips N.V.
  • Medecision Inc. (Health Care Service Corporation)
  • Pegasystems Inc.
  • Salesforce.com Inc.
  • Zeomega Inc.

Methodology

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