02 August 2020
Visiongain has launched a new pharma report Care Management Solutions Market Report 2020-2030: Prospects by Component (Software, Services), Mode of Delivery (Web Based Solutions, Cloud Based Solutions, On Premise Solutions), End Use (Healthcare Providers, Healthcare Payers), and Geography.
The global care management solutions market is projected to grow at a lucrative CAGR of ~xx% and anticipated to surpass USD xx billion by 2030.
The global care management solutions market is anticipated to grow on account of the growing geriatric population and the rising burden of chronic diseases. The advancement in health care IT is projected to reduce overall healthcare costs. Due to the centralized approach to care management and integrated patient care, the market is expected to witness growth, which further improves the quality of life by inhibiting complications with early care intervention. This results in a decrease in healthcare costs and reduces the burden on healthcare providers and payers. Therefore, these factors are anticipated to drive the growth of the global care management solutions market over the forecast period.
Furthermore, factors such as the proliferation of big data, and the growing need for streamlining healthcare expenses are all contributing to the growth of the global care management solutions market. Care management systems make it possible for healthcare providers to monitor healthcare data in an efficient manner. It also helps healthcare providers to make better decisions and accomplish their goals more quickly by offering better solutions without compromising on quality.
Care management solution accesses a patient's information to determine their healthcare needs. Care management software then provides health care plans and brings different coordinators on the same page, thus execution of the seamless process. Through providing a centralized forum where health care providers, patients, and their families can track and monitor the progress of health care programs, care management systems have redefined patient-centered treatment in several ways.
The growing healthcare expenditure is demanding a strong need to reduce overall costs while improving the quality of care. Most healthcare providers favor risk-based systems in which they are responsible for providing patient-specific healthcare. Many companies with extensive care management experience use industrial methods that are not suitable for scaling up. Many organizations have limited resources and work in a fee-for-service environment. To perform better while exercising good care management, such organizations need efficient care management solutions.
The global care management solutions market is dominated by the North American region owing to advancement & wide network of IT infrastructure coupled with the growing demand for affordable & flexible solutions to reduce healthcare costs. The North American care management solutions market is anticipated to hold its dominance over the forecast period owing to rising government initiatives and the growing geriatric population.
However, the Asia Pacific care management solutions market is anticipated to witness lucrative market opportunities owing to growing medical tourism, improving healthcare facilities as a result of rapid economic development in emerging countries such as India, China, Japan, & South East Asian countries. The growth is also attributed to growing investment by respective government, and prominent industry players.
Some of the major players operating in this industry are Allscripts Healthcare Solutions, Casenet, LLC, Cerner Corporation, Cognizant Technology Solutions, Epic Systems, Exlservice Holdings, Inc., Harmony Information Systems, Inc., Health Catalyst, LLC, I2i Population Health, IBM Corporation, Koninklijke Philips N.V., Medecision, Inc., Pegasystems Inc., Salesforce.Com, Inc., TCS Healthcare Technologies, Zeomega Inc. among other prominent players.
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