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Care Management Solutions Market worth 15.70 Billion USD by 2021
The report "Care Management Solutions Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud Based), End-user (Provider, Payer), Application (Chronic Care Management, Case Management) - Analysis & Global Forecasts to 2021" analyzes and studies the major market drivers, restraints/challenges, and opportunities.
Browse 76 market data Tables and 38 Figures spread through 191 Pages and in-depth TOC on "Care Management Solutions Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud Based), End-user (Provider, Payer), Application (Chronic Care Management, Case Management) - Analysis & Global Forecasts to 2021"
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This report studies the global care management solutions market over the forecast period of 2016 to 2021. This market is expected to reach USD 15.70 Billion by 2021 from USD 6.93 Billion in 2016, at a CAGR of 17.8%. The care management solutions market appears poised for growth in the forecast period owing to factors such as initiatives to shift the burden of risk from healthcare payers to providers, implementation of patient-centric mandates, growth in geriatric population and the burden of chronic diseases, necessity to curb rising healthcare costs, growth in the medical tourism sector, and advancements in IT solutions and big data capabilities.
In this report, the global care management solutions market is segmented on the basis of component, delivery mode, end user, application, and region.
On the basis of component, the care management solutions market is categorized into software and services. The software segment is estimated to account for the largest share of the global care management solutions market in 2016 and witness the highest growth during the forecast period.
On the basis of delivery mode, the care management solutions market is segmented into web-based, cloud-based, and on-premise solutions. The web-based solutions segment is expected to command the largest share of the global care management solutions market in 2016. However, the market for cloud-based solutions is expected to witness the highest growth rate, owing to the higher flexibility, scalability, and affordability offered by these solutions.
The care management solutions market has been further segmented on the basis of end users into providers, payers, and others (employer groups and government bodies). The payers segment is expected to account for the largest share of the care management solutions market in 2016. However, the healthcare providers segment is poised to witness the highest growth rate during the forecast period.
On the basis of application, the market is segmented into chronic care management, case management, disease management, and utilization management. The chronic care management segment is expected to command the largest share of the global care management solutions market in 2016 and grow at the highest rate.
Geographically, the global care management solutions market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest market share in 2016, followed by Europe and Asia-Pacific.
As compared to other HCIT markets, the care management solutions market is growing at a double-digit CAGR. Europe is the second-largest market, growing at a higher CAGR as compared to North America. The Asia-Pacific market is relatively nascent; factors such as increasing government initiatives for HCIT adoption and measures to digitalize healthcare systems in the region are contributing to the growth of this market.
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 the key players in the global care management solutions market.
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