APAC Care Management Solutions Market

APAC Care Management Solutions Market Size (2023 to 2028)

The size of the Asia-Pacific care management solutions market is estimated to be growing at a significant CAGR during the forecast period.

The growth of the APAC care management solutions market is majorly driven by the growing implementation of initiatives to shift the burden of risk from healthcare payers to providers and the growing geriatric population and the growing adoption of information technology in the healthcare sector. Also, the increasing number of hospitals and regulations promoting patient-centric care in emerging countries such as India and China are most likely to propel market growth. Moreover, care management solutions can integrate claims-based data sources and EHR-based data at a patient level, thus allowing analytics to support clinical decision-making.

Furthermore, several factors, including the increasing stringency of payer rules, and the desire to decrease healthcare costs, are expected to propel the market forward throughout the forecast period. In addition, some of the market players in the region are promoting patient care management solutions due to the prevalence of chronic diseases. Many healthcare companies prefer risk-based contracts, in which they are held accountable for providing healthcare that is tailored to the patient cohort. 

The market is projected to increase because of the centralized approach to care management and integrated care for patients, enhancing the quality of life by preventing problems through early intervention. As a consequence, healthcare expenses are reduced, and the burden on payers and providers is reduced. Hence, these factors are expected to propel the growth of the care management solutions market in the Asia Pacific region.

At the same time, the medical tourism sector is proliferating year after year; this has aided healthcare institutions in emerging nations in adopting a positive investment mindset when it comes to caring management systems. In addition, the enormous data that nearly every medium and big healthcare business create is another high-impact development driver for the APAC care management software and solutions market. As a result, companies seeking to maximize the value of this data are more ready to employ care management systems.

On-premise and cloud-based delivery options are used to offer care management systems to end-users. As a consequence, the on-premise solutions category had a significant market share in 2020. The benefits of on-premise delivery, such as solution customization, lower risk of data breaches, and the possibility of reusing existing servers and storage infrastructure, drive its growing acceptance in the care management systems industry in the APAC region. 

However, lower app accuracy, a lack of technical knowledge among the elderly, restricted payment coverage, delayed adoption of patient-centric healthcare applications in developing nations, and regulatory uncertainty are all likely to impede the APAC care management solutions market growth pace.

This research report on the APAC care management solutions market has been segmented and sub-segmented into the following categories:

By Component:

• Software
• Services

By Delivery Mode:

• On-premise
• Cloud-based

By Application:

• Disease Management
• Case Management
• Utilization Management
• Other Applications

By End Users:

• Payers
• Providers
• Other end-users

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically, the APAC care management solutions market is one of the fastest-growing regional markets in the global market. It is estimated to showcase a healthy CAGR during the forecast period. This regional market is anticipated to account for the largest market share due to the rising prevalence of chronic disorders and the growing adoption of care management solutions by healthcare providers and payers. Further, increasing healthcare infrastructure, penetration of information technology in the healthcare sector, and growing investments and funding by the government and non-government organizations are most likely to uplift the market growth in the Asian countries—increased interest and investment from major industry players continuous collaborative initiatives. For example, in May 2018, SingHealth, a Singapore-based healthcare organization, partnered with Allscripts to roll out the iPro Anesthesia platform across SingHealth's facilities.

In addition, the presence of significant growth contributors such as China, India, and Japan are encouraging regional market growth. During the previous year, China dominated the care management solutions market due to the medical sector's technological advancements. On the other hand, India is one of the fastest-growing countries in the Asia Pacific and most likely to account for the highest share in the market. The supportive government funds and improving the healthcare sector, and raising awareness about patient care management are key contributors to the regional market growth. 

KEY MARKET PLAYERS:

Allscripts Healthcare Solutions, Inc., Casenet, LLC, Epic Systems Corporation, Medecision Inc., Cognizant Technology Solutions, Cerner Corporation, Koninklijke Philips N.V, IBM, ZeOmega Inc., and EXL Service Holdings, Inc. are a few of the notable companies operating in the North American care management solutions market.