North America Care Management Solutions Market

North America Care Management Solutions Market Size (2023 to 2028)

The size of the North American care management solutions market is forecasted to register a healthy CAGR from 2023 to 2028.

The adoption of programs to shift the risk burden from payers to providers, initiatives to promote healthcare information technology, and the need for care management systems is driven by the desire to save healthcare expenditures that are majorly driving the North American care management solutions market. In addition, initiatives and regulations by the government for promoting the patient-centric and increasing investments by the government and non-government for the infrastructure is likely to boost the market growth. Care management systems offer effective workflow methods, saving time and lowering costs as the elderly population grows. The prevalence of chronic diseases such as cancer, diabetes, stroke, cardiovascular disease, and respiratory disease rises; this provides attractive prospects for chronic illness industry participants. 

Many healthcare companies in North America prefer risk-based contracts, in which they are held accountable for providing treatment tailored to a specific patient cohort. Certain businesses use commercial solutions with considerable expertise in delivering care management; however, they are ineffective when scaling up.

Furthermore, in the recent period, Due to the emergence of the global pandemic, COVID-19 pandemic, medical practices of all sizes are under immense pressure, and healthcare facilities worldwide have been overwhelmed by the large number of patients visiting them daily. In addition, the rising prevalence of COVID-19 has driven the demand for accurate diagnosis and treatment devices in North American countries such as the United States and Canada.

However, data breaches and loss of confidentiality, high implementation costs, and limited development environments may hinder the growth of the care management solutions market in the North American region over the forecast period.

This research report on the North American 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:

• The U.S.
• Canada
• Rest of North America

Geographically, the North American market dominated the global care management solutions market in 2020, and it is expected to witness a significant share during the forecast period due to the growing awareness about healthcare management, growing adoption of cloud-based in the region, and technological advancements in the healthcare sector. Also, favorable reimbursement policies and growing investment is encouraging new market participants. Furthermore, the Increasing healthcare expenses have generated a pressing need to save costs while increasing treatment quality. To achieve these objectives, healthcare professionals rely on care management technologies. The comprehensiveness, all-encompassing character, and analytical abilities of an optimal solution are all factors to consider. In addition, the weight of risk is being shifted from payers to providers, which boosts the adoption of these solutions.

The presence of new market players such as the United States and Canada are significantly contributing to the North American regional market growth. On the other hand, the United States recorded the largest market share of the North American care management solutions market owing to the increasing initiative to shift the burden of risk from healthcare payers to providers, rising occurrence of chronic disease, and availability of advanced healthcare infrastructure. Healthcare payers use statistical and clinical models. Extensive data analysis aids them in identifying chronic diseases and developing the most appropriate patient care management strategies. It also aids in the improvement of healthcare management programs' efficiency. Canada's care management solutions market is estimated to showcase a moderate share during the market forecast period. 

KEY MARKET PLAYERS:

A few of the prominent companies operating in the North American care management solutions market analyzed under this report are 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.