The growth of the overall care management solutions market can be attributed to the implementation of initiatives to shift the burden of risk from healthcare payers to providers, initiatives to promote patient-centric care, rising geriatric population coupled with the burden of chronic diseases, need to reduce healthcare costs, growth in medical tourism sector, and advancing IT and big data capabilities.
The care management solutions market is projected to reach USD 15.70 Billion by 2021 from USD 6.93 Billion in 2016, at a CAGR of 17.8 % from 2016 to 2021.
In the coming years, the market is expected to witness the highest growth in the European region. This is attributed to the impetus in Europe to adopt HCIT solutions to increase the efficiency of healthcare delivery, government initiatives to promote care coordination and enhance care quality, the rising aging population, and the need to curb the high cost of healthcare in Europe.
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Restraints for the Growth:
# Inadequate Patient Engagement
# Reluctance of Providers to Adopt Care Management Solutions
# High Investments Required for Supporting Infrastructure
# Low Internet Usage and Investments in Hcit Solutions in Developing and Underdeveloped Countries
# Data Security Concerns Related to Cloud-Based Solutions
# Lack of Interoperability
Opportunities:
# Emerging Markets
# Growth of Consumer Awareness and Participation in the Healthcare Delivery Process
# Technological Advancements in Healthcare It Solutions
# Growth in the Adoption of Cloud-Based Models
In this report, the care management solutions market has been segmented on the basis of component, delivery mode, end user, application, and region. On the basis of component, the market is segmented into software, and services.
Allscripts Healthcare Solutions, Inc. (U.S.), TriZetto Corporation (U.S.), Phytel Inc. (U.S.), EXL Healthcare (U.S.), AxisPoint Health (U.S.), Wellcentive, Inc. (U.S.), Medecision, Inc. (U.S.), ZeOmega Inc. (U.S.), i2i Systems, Inc. (U.S.), HealthSmart Holdings, Inc. (U.S.), Pegasystems Inc. (U.S.), Epic Corporation Inc. (U.S.), and Harmony Information Systems, Inc. (U.S.) are some of the key players in the care management solutions market worldwide.
Stakeholders in the Care Management Solutions Market
- Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics)
- Healthcare Insurance Companies/Payers
- Healthcare IT Service Providers
- Venture Capitalists
- Government Bodies
- Corporate Entities
- Accountable Care Organizations
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