Care Management Solutions Market Size, Trends, Growth | Forecast 2028

Care Management Solutions Market: Industry Perspective

The global care management solutions market size was worth around USD 11894.9 million in 2021 and is predicted to grow to around USD 22128.4 million by 2028 with a compound annual growth rate (CAGR) of roughly 10.9% between 2022 and 2028.

The report analyzes the global care management solutions market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the care management solutions industry.

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Care Management Solutions Market: Overview

Care management solutions are healthcare-based integrated web solutions. They mainly provide patient-centric, cost-effective, efficient, and safe solutions. Care management solutions are the prominent tool used by payers, providers, government bodies, and employee groups. Attributed to the fact of growing demand for care management solutions, the global market is anticipated to touch new heights of growth.

As per the World Health Organization, cardiovascular diseases are one of the primary causes of death worldwide. About 17.5 million people died because of cardiovascular disease in 2015 representing 31% of all global deaths. Additionally, as per the World Health Organization estimates, worldwide, there were 14 million new cancer cases in 2012 and 8.8 million deaths resulting due to cancer in 2015. Globally, approximately 1 in 6 deaths is because of cancer. Also, the global burden of these disorders is increasing owing to the increasing geriatric population base across the world.

According to the World Health Organization, the number of people who are aged 60 or above is expected to double by 2050 and will reach 2.1 billion in 2050 from 962 million globally. Thus, the care management solutions market has vast potential in terms of a large patient pool and an upsurge need for a significant prominent platform for healthcare management. This is estimated to drive the care management solutions market services over the estimated period.

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COVID-19 Impact:

The COVID-19 pandemic increased the focus on healthcare as it created a health emergency like no other and put the world in shock. The sudden increase in load on healthcare facilities made it important to deploy technology and novel solutions to effectively manage the healthcare infrastructure and deal with the pandemic. The care management solutions proved to be highly effective in this situation and gained popularity.

However, the lack of proper implementation infrastructure and lack of skilled workforce to deploy such management hurt the care management solutions market growth in 2020 and it could not attain its full potential.

The negative trend of the market is expected to diminish as the pandemic subsides and the world returns to normal. Increasing investments in healthcare and a rising patient safety focus are expected to be prominent factors propelling market growth in the post-pandemic era.  

Care Management Solutions Market: Growth Drivers

Increasing Deployment of Initiatives to Create an Effective Healthcare Management Infrastructure

Advancements in technology have boosted several industry vertical growth and this trend is now highly prominent in the healthcare industry as well. Increasing demand for healthcare is putting pressure and burden on healthcare infrastructure that it’s not yet equipped to handle and this is boosting the adoption of care management solutions market growth through 2028. Increasing focus on shifting risk from healthcare payers to providers is expected to bolster the care management solutions market potential over the forecast.

Care Management Solutions Market: Restraints

Lack of Skilled Workforce

Care management solutions are deployed under multiple technologies and are effective with a developed and established IT infrastructure that is lacking in most healthcare systems across the world. However, there is a shortage of skilled professionals who can manage and maintain such IT-based care management solutions. This is expected to act as a key restraining factor for the care management solutions market potential through the forecast period.  

Global Care Management Solutions Market: Segmentation

The global care management solutions market is segmented based on component, delivery mode, application, end-user, and region.

Based on Components, the global care management solutions market is divided into software and services. The software segment dominates the care management solutions market, driven by cloud-based health platforms, AI-driven predictive analytics, and digital transformation in patient care coordination. However, the Services segment is expanding as healthcare organizations invest in implementation, integration, training, and managed support services to enhance patient care outcomes and operational efficiency.

By Delivery mode, the market is divided into on-premise and cloud-based. The cloud-based segment is anticipated to see stellar growth over the forecast period owing to the rising popularity of cloud technology across the world. Increasing adoption of cloud-based solutions will also propel this segment to drive the global care management solutions market growth over the forecast period.

In terms of Application, the global care management solutions market is bifurcated into disease management, case management, utilization management, and others.

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.

Care Management Solutions Market: Report Scope

Care Management Solutions Market: Regional Landscape

The market for care management solutions in North America will emerge as the most lucrative market in the global care management solutions market landscape. Increasing focus on healthcare, rising adoption of technology, increasing healthcare spending, increasing demand for patient safety, rising adoption by healthcare providers and payers, and presence of key care management solutions companies are some of the major factors that will be propelling the care management solutions market growth in this region. The United States and Canada are projected to be the most lucrative markets in this region through 2028

Asia Pacific region will also have a bright outlook for the global care management solutions market in terms of revenue and volume share owing to developing healthcare infrastructure and rising investments in healthcare in emerging economies in this region. India, China, and Japan are expected to be prominent markets in this region over the forecast period.

Recent Developments

• In November 2019 – Innovaccer a healthcare firm announced its collaboration with tech giant Microsoft Teams to launch its new care management solution. This new solution is crucial to deliver patient information and effectively manage it.

Care Management Solutions Market: Competitive Landscape

The global care management solutions market is dominated by players like:

• 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)
• Epic Systems Corporation (US)

The global care management solutions market is segmented as follows;

By Component

• Software
• Services

By Delivery Mode

• On-premise
• Cloud-based

By Application

• Disease Management
• Case Management
• Utilization Management
• Others

By End-User

• Healthcare Providers
• Healthcare Payers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa