Care Management Solutions Market

Market Study on Care Management Solutions: Rising Demand for Patient-centric Care to Drive Market Growth

Care Management Solutions Market Segmented By Software and Services in Cloud-based, On-Premises as Deployment

Care Management Solutions Market Outlook (2022 – 2030)

The global care management solutions market is set to be valued at over US$ 18.5 Bn in 2022, and surge at a CAGR of 17.4% to close in on a valuation of US$ 66.9 Bn by the year 2030.

Care Management Solutions Market Size (2022)

US$ 18.5 Bn

Projected Market Value (2030)

US$ 66.9 Bn

Global Market Growth Rate (2022-2030)

17.4% CAGR

Market Share of Top 5 Vendors

30%

Care management solution sales accounted for almost 20% share of the global healthcare IT market in 2021.

Care management solutions such as integrated care management software suites, standalone software/ modules, and care management services are majorly used in hospitals and clinics. Disease management, utilization management, and case management modules enable healthcare organizations to track service deliveries, healthcare program engagements, attendance, service schedules, and more.

Rising digitization of clinical/medical information and growing adoption of care management software and care management services across the healthcare sector and by health insurance providers are expected to drive demand for the care management solutions over the coming years.

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Companies

  • Cerner Corporation
  • Allscripts Healthcare Solutions, Inc.
  • Cognizant
  • Health Catalyst
  • Conduent, Inc.
  • Envolve Health
  • Epic Systems Corporation
  • McKesson Corporation
  • ZeOmega, Inc.
  • Datamatics Global Services Limited
  • Pegasystems Inc.
  • Medecision, Inc.
  • Altruista Health
  • OSP Labs
  • Wipro Limited
  • EXL Service Holdings, Inc.
  • AssureCare, LLC
  • VirtualHealth
  • Casenet, LLC
  • i2i Population Health

Consumption Analysis of Care Management Solutions from 2015-2021 Vs Market Outlook for 2022-2030

The global market for care management solutions increased at the rate of 13.8% over 2015-2021. The trend of implementing care management solution platforms in many healthcare organizations across the globe is expected to drive market growth.

As per Persistence Market Research, the care management software segment enjoys the highest market share of 58%. North America is followed by Europe as the leading market. However, the South Asia & Pacific care management solutions market is set to experience the highest growth at a CAGR of 25.8% through 2030.

Care management systems and solutions are Internet-based integrated healthcare solutions that help provide quality care to patients using products and services in a cost effective manner and at reduced risk. Care management solutions are used by government bodies, payers, providers, and employer groups on a large scale.

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Key Factors Affecting Demand for Care Management Solutions

“Rising Need for Integrated Care Management Services”

Factors such as improving health through integrated care management solutions & services and advancements in IT systems and healthcare technologies are anticipated to spur demand for care management systems and solutions.

Advancements in IT systems and healthcare technologies enable patient-centric care, solutions support multiple directories, which allows healthcare professionals to work at multiple facilities. All these factors are supporting rapid adoption of healthcare solutions across the globe, and is ultimately fuelling care management solution demand growth.

Rising implementation of patient engagement solutions in many healthcare organizations and growing adoption of IoT (Internet of Things), Big Data, and Artificial Intelligence are resulting in the convergence of technology and hospitals, and will drive demand for healthcare IT solutions over the coming years.

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Country-wise Insights

How Will Sales of Care Management Solutions Shape Up in the U.S.?

“Rising Usage of Cloud by Advanced U.S. Healthcare Sector”

Currently, the U.S. care management solutions market is anticipated to constitute the highest growth over the forecasted period in North America, at 12.1% CAGR through 2030.

This is due to rising adoption of patient care solutions that help in achieving healthcare goals of better quality care and lower costs by healthcare providers in the country. Factors such as rising adoption of cloud-based solutions, medical technological advancements, rising geriatric population, and growing awareness about patient care are driving market growth in the country.

Why is India Set to Become a Prominent Market for Care Management System Providers?

“Emergence of Telemedicine Driving Market Expansion in India”

The India market accounts for large care management solution consumption in the APAC region, with the market size expected bloat 7.9X by 2030. The market in India is expected to surge at 29.6% CAGR over the forecasted period owing to factors such as supportive healthcare regulations and advancements in healthcare technology.

The healthcare industry is growing at an enormous pace due to its strengthening services, coverage, and increasing expenditure by private as well as public players. Factors such as rapid health insurance penetration, emergence of telemedicine, and government initiatives such as e-health, together with incentives and tax benefits, will ultimately propel demand for care management solutions market in India.

Which Market is Prominent in the European Region?

“U.K. Care Management Solution Market Leading in Europe”

The U.K. care management solutions market size is expected expand 2.9X by 2030, at around 12.7% CAGR during the 2022-2030 assessment period.

The U.K. market is expected to grow into one of the largest markets for chronic care management solutions in the European region. This is due to increasing government healthcare initiatives and rising aging population in the country.

For instance, the UK government is set to invest around £3.7 billion for 40 hospitals in one of the biggest hospital building programs. Furthermore, 8 schemes have been invited to bid for future funding, which will help deliver 48 hospitals by 2030.

Thus, presence of developed infrastructure and government initiatives are set to drive care management solution demand growth in the U.K.

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Category-wise Insights

Why is Demand for Care Management Software High?

“Technology Advancements Augmenting Growth of Software Segment”

The care management software segment will dominate the market, and is expected to expand 3.1X by 2030. However, the care management services segment is set to witness a higher growth rate of 19.6% CAGR during 2022-2030.

Advancements in IT systems and healthcare technologies play an important role in fuelling demand for digital healthcare IT platforms. Development in mobile health technology has emerged as a natural extension of new generation of healthcare systems and IT platforms. It helps improve the value of patient health management programs by using information systems, data analytics, and care management services to improve healthcare outcomes.

Thus, rising adoption of technological developments and healthcare solutions through integrated care management solutions and services is expected to spur demand for care management software in the years to come.

Why Type of Deployment is Exhibiting High Demand?

“On-premise Care Management Solution Hugely Popular”

On the basis of deployment, on-premise care management solutions will be a dominating segment. Market size of this is expected to expand 3.1X by 2030. However, cloud-based care management solutions are set to register the highest growth at CAGR 20% during 2022-2030.

Care management solutions help deliver a unique combination of real-time connected data and managed care best practices. On-premise care management solutions and services enable healthcare providers improve the value of patient health management programs. Moreover, rising adoption of cloud computing across the healthcare sector is also expected to fuel demand for cloud-based care management solutions over the coming years.

Competitive Landscape

Key chronic care management solution providers are investing substantially in innovation, research, and development to uncover increased applications of healthcare management solutions.

  • In April 2020, Epic Systems Corporation partnered with New York Hospitals for COVID-19 patients treated at Manhattan’s Javits Center. Epic and NYC Health plus hospitals staff helped by setting up technology and provide remote training and technical support.
  • In August 2020, ZeOmega launched Jiva Interoperability solutions for population health management. It is a suite of connectivity tools and services designed to enable compliance with patient access, provider directory, and payer-to-payer data exchange requirements of the ONC and CMS interoperability and patient access final rule.

Care Management Solutions Industry Report Scope

Attribute

Details

Forecast Period

2022-2030

Historical Data Available for

2015-2021

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Solution
  • Deployment
  • End User
  • Region

Key Companies Profiled

  • Cerner Corporation
  • Allscripts Healthcare Solutions, Inc.
  • Cognizant
  • Health Catalyst
  • Conduent, Inc.
  • Envolve Health
  • Epic Systems Corporation
  • McKesson Corporation
  • ZeOmega, Inc.
  • Datamatics Global Services Limited
  • Pegasystems Inc.
  • Medecision, Inc.
  • Altruista Health
  • OSP Labs
  • Wipro Limited
  • EXL Service Holdings, Inc.
  • AssureCare, LLC
  • VirtualHealth
  • Casenet, LLC
  • i2i Population Health

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Care Management Solutions Industry Survey by Category

Care Management Solutions Market by Solution:

  • Software
    • Integrated Care Management Software Suite
    • Standalone Software/ Modules
      • Disease Management
      • Utilization Management
      • Case Management
      • Others
  • Services
    • Professional Services
      • Care Management Assessment Services
      • Healthcare Consulting
      • Integration & Implementation
      • Support & Maintenance
    • Managed Services

Care Management Solutions Market by Deployment:

  • Cloud-based (Web-based) Care Management Solutions
  • On-Premise Care Management Solutions

Care Management Solutions Market by End User:

  • Hospitals & Clinics
  • Accountable Care Organizations (ACOs)
  • Health Insurance Providers
  • Others

Care Management Solutions Market by Region:

  • North America Care Management Solutions Market
  • Latin America Care Management Solutions Market
  • Europe Care Management Solutions Market
  • East Asia Care Management Solutions Market
  • South Asia & Pacific Care Management Solutions Market
  • Middle East & Africa Care Management Solutions Market

Media Release

- FAQs -

The global care management solutions market was valued at over US$ 16 Bn in 2021.

Increasing awareness regarding better healthcare and rising implementation of care management solution platforms across various healthcare organizations are driving market expansion.

From 2015 to 2021, care management solution sales increased at a CAGR of 13.8%.

Sales revenue of care management solutions is projected to increase at 17.4% CAGR and be valued at close to US$ 66.9 Bn by 2030.

France and Germany together held almost 45% share of the total European market in 2021.

France, the U.S., India, China, and Japan are major hubs for care management solution sales.

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