The size of the Global Accountable Care Solutions Market is expected to grow from USD 11.78 billion in 2019 to USD 23.54 billion by 2024, a CAGR of 16.6%. The Asia Pacific has lucrative growth potential in the Global Accountable Care Solutions Market.
The term Accounting Organization (ACO) refers to reimbursement of reimbursements ranging from process costs for service to reimbursement costs for quality, illness, and condition, with equal payments to health care organizations, per case and capita. To be economically accountable as an accounting organization, it must determine whether it offers superior care and improved skills. Paid Care Solutions Help Collect Different Electronic Health Data (EHR) Data, but Allow Providers to Leverage Current Systems and Workflows.
Advanced health technology and infrastructure support for transparent data transfer help you make quick decisions and reduce costs. Patient-centered care is used to determine the underlying travel costs for each of the resources assigned.
Key Market Growth Drivers
The ability of responsible health care to contain costs while providing affordable and patient-centered care is becoming increasingly important.
The growing need to comply with regulatory guidelines, high return on investment, government eHealth initiatives, and the reduction of rising health care costs are among the key drivers of the Global Accountable Care Solutions Market.
However, the reluctance of end-users to introduce new procedures and the lack of internal IT skills are factors that may hinder the Global Accountable Care Solutions Market growth.
Besides, the unwillingness of providers to provide these solutions, the need for infrastructure investment, the lack of patient involvement, the low usage of Internet solutions, the lack of interoperability, and the data security issues associated with Cloud solutions are other factors that are holding back the Global Accountable Care Solutions Market.
Increasing focus on custom-based medicine and the use of analytics in the quality and personalized medicine is likely to provide tremendous opportunities for the global accountable care solutions market during the forecast period.
Factors like existing markets and an increase in take-up of cloud-based models further promote this industry.
The activities such as acquisitions, partnerships and collaborations are paving the way for business expansion and client base of market players. These market players are expected to have lucrative opportunities with increasing demand for the Global Accountable Care Solutions Market.
Recent Market Developments
In November 2019, NextGen Healthcare has announced the acquisition with the Medfusion. With this acquisition, the company aimed to provide a better experience for healthcare consumers especially in the ambulatory platform and also strengthens the company’s portfolio.
In July 2019, the partnership between the Epic and Connected Care health services has brought many changes in healthcare organizations. These companies are engaged in the integration of genomic data and AI-based predictive models where this could improve the quality of services in the hospitals and clinics.
Market Size Available
2018 – 2024
2019 - 2024
Products and Services, Delivery Mode, End-User and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Cerner Corporation (United States), IBM Corporation (United States), UnitedHealth Group (United States), Aetna, Inc. (USA), Allscripts Healthcare Solutions, Inc. (United States) and Epic Systems Corporation (United States), McKesson Corporation (United States), Verisk Health (United States), ZeOmega, Inc. (United States), EClinicalWorks, Inc. (United States) and NextGen Healthcare (United States).
This research report on the Global Accountable Care Solutions Market has been segmented and sub-segmented into the following categories and analyzed market size & forecast for each segment until 2024.
Accountable Care Solutions Market - By Product & Service
On the basis of product and service, the healthcare providers segment holds the most considerable share value in the Global Accountable Care Solutions Market. In healthcare providers, healthcare analytics sector held the largest market value. The need to improve the gain of healthcare operations and government initiatives to improve the quality of care delivered into patients and also reducing the high cost of healthcare are the factors leading to the development of healthcare providers.
Accountable Care Solutions Market - By Delivery Mode
On the basis of delivery mode, the Web and cloud-based delivery mode is the leading segment in the global accountable care solutions market, as it is able to store extensive data and also provides quick access to data, which is mostly preferred by the customers.
Accountable Care Solutions Market - By End User
Based on end-user segment, healthcare provider holds the most substantial share value of the worldwide accountable care solutions market.
North America has a large part of the global accountable care solutions market, followed by Europe and Asia-Pacific. However, Latin America and the Asia Pacific have a potential for lucrative growth in the market, due to the increasing prevalence of various diseases, a broad customer base, the increase in medical tourism, the increase in government initiatives for electronic health, to the growing demand for high-quality medical care and the high aging of the population in Europe. The region is defeated. The majority of products and services for responsible care products in these regions are provided by developing countries such as Singapore, China, India, Mexico, Brazil, and South Korea.
The leading companies in the global accountable care solutions market profiled in this report are
These companies increasingly participate in mergers and acquisitions, product launches, and expansions to develop and introduce new technologies in the market.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product & Service
5.1.3 Healthcare Analytics
5.1.7 Population Health
5.1.8 Claims Management
5.1.9 Care Management
5.1.10 Y-o-Y Growth Analysis, By Product & Service
5.1.11 Market Attractiveness Analysis, By Product & Service
5.1.12 Market Share Analysis, By Product & Service
5.2 Delivery Mode
5.2.3 Web & Cloud
5.2.4 Y-o-Y Growth Analysis, By Delivery Mode
5.2.5 Market Attractiveness Analysis, By Delivery Mode
5.2.6 Market Share Analysis, By Delivery Mode
5.3.4 Y-o-Y Growth Analysis, By End-User
5.3.5 Market Attractiveness Analysis, By End-User
5.3.6 Market Share Analysis, By End-User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product & Service
126.96.36.199 By Delivery Mode
188.8.131.52 By End-User
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product & Service
18.104.22.168 By Delivery Mode
22.214.171.124 By End-User
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product & Service
184.108.40.206 By Delivery Mode
220.127.116.11 By End-User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 IBM Corporation
8.4 Cerner Corporation
8.5 UnitedHealth Group
8.6 Aetna, Inc.
8.7 Allscripts Healthcare Solutions, Inc.
8.8 Epic Systems Corporation
8.9 McKesson Corporation
8.10 Verisk Health
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures