Care Management Solutions Market is projected to reach USD 19.28 billion by 2023 from USD 9.15 billion in 2018 | at a CAGR of 16.1%

To identify the scope of Global Care Management Solutions Market 2020, this report is prepared by in-depth analysis of historical data. The report forecasts the market size by the end of 2025 at an impressive CAGR provided by Reports and Reports. The report offers detailed outline of Global Care Management Solutions Market and vital market trends. The prime agenda of this report is to provide a detailed analysis of the global, regional and country-level market size, market growth, market status, forecast, sales analysis, value chain optimization, trade regulations, recent developments, opportunities analysis, and importance of the global and national market players, competitive environment, expansion, acquisition, partnerships and technological innovations. The prime market segments considered to prepare this report are key players, regional segments, type and application. 

"The care management solutions market is projected to grow at a CAGR of 16.1% during the forecast period."

The global care management solutions market is projected to reach USD 19.28 billion by 2023 from USD 9.15 billion in 2018, at a CAGR of 16.1%. The key factors driving the growth of this market are the implementation of initiatives to shift the burden of risk from healthcare payers to providers, government initiatives and regulations promoting patient-centric care, and initiatives to promote healthcare IT. On the other hand, lack of interoperability, high cost of deployment, and increased instances of data breaches are expected to hamper market growth to a certain extent during the forecast period.

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 "The cloud-based segment is projected to grow at the highest CAGR during the forecast period."

Based on delivery mode, the care management solutions market is segmented into the on-premise and cloud-based delivery modes. The cloud-based segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed the advantages this method offers such aslow installation and maintenance costs, unlimited storage of information, easy access to information from any place, and reduced spam & web threats.

 "Europe to witness the highest growth during the forecast period."

Europe is expected to grow at the highest CAGR during the forecast period of 2018-2023. Efforts made by governments of European nations such as UK, Germany, France, Italy, and Spain are promoting care coordination and quality of healthcare and reforms to reduce healthcare costs by integrating HCIT solutions into healthcare are propelling the growth of this region.

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Break of primary participants was as mentioned below:

By Company Type - Tier 1- 54%, Tier 2- 34%, Tier 3- 12%
By Designation - C-level-31%, Director Level-19%, Others-50%
By Region - North America-46%, Europe-25%, Asia-18%, RoW-11%

Some of the major players in the 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 TCS Healthcare Technologies (US)

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Research Coverage:

The report analyzes the care management solutions market and aims at estimating the market size and the future growth potential of this market based on various segments such as component, delivery mode, end user, application, and region. The report also includes an in-depth regulatory analysis for various regions across the globe and the competitive analysis of the key players in this market along with their company profiles, recent developments, and key strategies adopted by them to remain competitive in the market.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them to garner a greater share. Firms purchasing the report could use any one or a combination of the below-mentioned strategies.

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