Care Management Solutions Market Perceives Heavy Growth With A Substantial CAGR; MRFR Unleashes The Industry Forecast 2019-2023
Care Management comprises a set of activities aimed at improving patient care and assisting healthcare professionals in managing health conditions better. Care management solutions are deployed to enhance the experience of care, improve the health of populations and to reduce per capita costs of healthcare.
The growing use of big data and its significant impact has undeniably pushed the healthcare sector toward patient-centric care. The presence of an ever-growing aging population and increased occurrence of chronic diseases have increased the need for care management solutions. These solutions provide the most effective workflow methods which result in lucrative opportunities for market players in the chronic disease market. Advancements in IT technology and increasing use of healthcare IT for the efficient management of large volumes of data are expected to lead to market opportunity. Moreover, care management solutions have the ability to integrate claims-based data sources and EHR -bases data at a patient level, thus allowing the use of analytics which is then used for support in clinical decision making.
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Care Management Solutions Market – Competitive Landscape
The notable players operating in the Global Care Management Solutions Market include
- Epic Systems Corporation
- Cerner Corporation
- Koninklijke Philips N.V.
- Allscripts Healthcare Solutions
- EXL Healthcare
- Cognizant Technology Solutions
- HealthSmart Holdings
- Casenet LLC
Care Management Solutions Market – Segmentation
The Global Care Management Solutions Market has been segmented based on component, application, delivery method, and end user. By component, the market has been segmented into software and services. By application, the market has been segmented into diseases management, case management, utilization management, EMR management, and others. By the delivery method, the market has been segmented into web, cloud, and on-premise. By end-user, the market has been segmented into payers, providers, and others.
Care Management Solutions Market – Regional Analysis
Regionally, the Global Care Management Solution Market has been segmented into North America, Europe, Asia Pacific, and the Middle East & Africa. North America is a strong market for care management solutions driven by a robust economy, high healthcare expenditure and the presence of key players in the region. Europe is also a profitable market and is expected to exhibit high growth in the forthcoming years. Government initiatives to promote care coordination and quality of healthcare drives the Europe Care Management Solutions Market. Asia Pacific is an emerging market and expected to exhibit substantial growth over the forecast period. Improving economy, high expenditure on healthcare sector and rise in geriatric population support the growth of the market in Asia Pacific.
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