Care Management Solutions Market Size, Share & Trends Analysis Report By Component (Software, Services), By Mode of Delivery (Web-based, Cloud-based, On premise), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Care Management Solutions Market Size, Share & Trends Analysis Report By Component (Software, Services), By Mode of Delivery (Web-based, Cloud-based, On premise), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Care Management Solutions Market Growth & Trends

The global care management solutions market size is expected to reach USD 33.26 billion by 2030, registering a CAGR of 14.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Several initiatives are implemented to shift the risk burden from healthcare payers to healthcare providers. This shift enables the growing adoption of healthcare IT solutions, which include care management solutions, to enhance the delivery efficiency of healthcare services and minimize unnecessary expenses. Care management systems provide comprehensive solutions to improve decision-making, quality, and clinical outcomes. These patient-centered strategies enhance community health and help manage medical care. These solutions offer collaborative treatment planning, information on disease & utilization management, and coordination.

Moreover, the rising prevalence of chronic diseases, such as cancer, cardiovascular, and diabetes, boosts the market growth. For instance, according to the government of Canada, 1 in 4 individuals in Canada are anticipated to die from cancer in 2023. Similarly, according to the American Cancer Society, in the U.S., 609,820 cancer deaths and 1,958,310 new cancer cases are expected to occur in 2023. Thus, such factors lead to the rise in the need for care management solutions.

Furthermore, favorable government initiatives, the growing adoption of digital health technologies, the rise in care management solution launches, and growing healthcare IT expenditures propel the market's growth. For instance, in April 2024, Quantum Health, known for coordinating care, launched Premier Oncology, a comprehensive care management solution for employers and their employees diagnosed with cancer. This program ensures access to top-tier cancer care and medical advice.

Some of the key players in the market are Veradigm LLC (Allscripts Healthcare, LLC), Epic Systems Corporation, Cognizant, Koninklijke Philips N.V., Oracle (Cerner Corp.), ZeOmega, and Medecision. Players are adopting key strategic initiatives to expand their business footprint and grow their clientele. For instance, in March 2023, Royal Philips, a health technology company, introduced Philips Virtual Care Management. This extensive collection of customizable services and solutions was designed to enable healthcare payers, providers, and employer groups to engage with patients remotely from any location.

Care Management Solutions Market Report Highlights

• Based on component, the software segment dominated the market in 2023 and is expected to witness the fastest growth over the forecast period, owing to rising demand for patient-centric software and growing investments in the healthcare IT sector
• Based on mode of delivery, the web-based segment dominated the market in 2023. The rise of digital health technologies has led to a surge in demand for web-based care management solutions
• Based on end use, the healthcare providers segment dominated the market in 2023 and is anticipated to witness the fastest growth over the forecast period owing to the demand for patient-centric care and enhanced quality of healthcare
• North America dominated the global market due to the presence of a large number of major market players, government initiatives, and the launch of a diverse range of care management solutions

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