Care Management Solutions Market Worth $19.28 Billion by 2023

CHICAGO, September 24, 2018 /PRNewswire/ --

According to a new market research report "Care Management Solutions Market by Component (Software and Services), Delivery Mode (On-Premise and Cloud-Based), End User (Payers, Providers), Application (Disease Management, Case Management, Utilization Management) - Global Forecast to 2023", published by MarketsandMarkets, the market is projected to reach USD 19.28 billion by 2023 from USD 9.15 billion in 2018, at a CAGR of 16.1%.

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Factors such as the implementation of initiatives to shift the burden of risk from healthcare payers to providers, government initiatives and regulations promoting patient-centric care, initiatives to promote healthcare IT, rising geriatric population, and need to reduce healthcare costs are driving the growth of the Care Management Solutions Market.

By application, disease management solutions are expected to account for the largest share of the market in 2018 

On the basis of applications, the Care Management Solutions Market is broadly segmented into disease management, case management, utilization management, other applications. In 2018, the disease management segment is expected to account for the largest share of this market. The high growth in this segment can be attributed to the ability of these solutions to reduce the cost of care with the help of protocol management and prevent episodes of ill health through comprehensive health management.

Browse in-depth TOC on "Care Management Solutions Market"

111 - Tables  

27 - Figures  

164 - Pages  

By end user, the payers segment is expected to command the largest share of the market in 2018 

On the basis of end user, the market has been segmented into payers, providers, and other end users. The payers segment is expected to command the largest share of the market in 2018. The deployment of Care Management Solutions is increasing among payers as it helps them in the effective management of patient health records, claims processing and reimbursement tasks, coordinating care for their members, and ensuring better health outcomes to mitigate their risk burden. The growing stringency of regulations for payers is another important factor driving the adoption of Care Management Solutions in this end-user segment.