The global care management solutions market is expected to be valued at about USD 11894.9 million in 2021 and approximately USD 22128.4 million by 2028, with a compound yearly growth rate (CAGR) of nearly 10.9% throughout the forecast period. The study examines the drivers, restraints/challenges, and their impact on demand during the forecast period in the care management solutions market. Furthermore, the paper investigates potential opportunities in the market for care management solutions.
Care management solutions Market: Overview
Care management systems have grown in prominence in recent years as the global focus on healthcare has increased, as has healthcare spending. Healthcare infrastructure is quickly increasing around the world, which will significantly drive the growth of the care management solutions market through 2028.
Rising healthcare expenditure, increased focus on healthcare, increased technological proliferation, increased focus on patient-centric healthcare, increased investments, and increased burden on healthcare infrastructure are some of the major factors influencing the adoption of care management solutions during the forecast period.
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However, the lack of skilled professionals to effectively use and manage care management solutions is anticipated to act as a major constraining factor through 2028 and will hamper the care management solutions market potential in the long run.
Global Care management solutions Market: Segmentation
The global market for care management solutions is segmented by component, delivery mode, application, end user, and geography.
The market is segmented into two delivery modes: cloud-based and on-premise. Because of the growing popularity of cloud technology around the world, the cloud-based segment is expected to rise rapidly over the projected period. The growing acceptance of cloud-based solutions will also encourage this sector to drive the global care management solutions market growth over the forecast period.
By End-user, the care management solutions market is segmented into healthcare providers, healthcare payers, and others. The provider segment is anticipated to hold a dominant outlook through 2028. Increasing demand for patient-oriented care solutions, rising healthcare expenditure, increasing patient pool, and growing demand for productive and efficient management solutions are some of the major factors driving this segment and care management solutions market potential through 2028.
Some of the main competitors dominating the global care management solutions market include – EXL Service Holdings, Inc. (US), Casenet, LLC (US), Medecision Inc. (US), ZeOmega Inc. (US), Cognizant Technology Solutions (US), Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), and Epic Systems Corporation (US).
Global Care Management Solutions Market is segmented as follows:
Global Care Management Solutions Market By Component
By Delivery mode
By End User
Other end users
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