Chronic Disease Management Market Research Report: Application (Arthritis, Cardiovascular Disease, Cancer, Diabetes and others), By Solution (Educational Solution, Implementation Solution, Consulting Solution and others), Delivery Mode (Cloud-Based, On-Premises and Web-Based), End-User (Providers, Payers) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast 2027
|ID: VPR/HC/1119||Publishing Year: January 2022||Pages: 105||Format:|
Chronic Disease Management Market Overview:
Chronic Diseases are long-term health problems that worsen over time. It is widely regarded as the most costly and widespread health-care issue on the planet. As a result, chronic illness management programmes are a well-organized and proactive set of interventions that are tailored to the demands of the patient group. Chronic Disease Management entails the efforts of a specific group of patients and a variety of health-care specialists to enhance patient health outcomes and quality of life. A important component is improving patient adherence to chronic illness care. Support from various medical and allied health providers is part of the Chronic Disease Management Plan.
The Global Chronic Disease Management Market is expected to be driven by the integration of digital technologies with health care systems in developed countries, rising awareness about the seriousness of Chronic and life-threatening diseases, and rising healthcare expenditure of people during the forecast period. However, from 2018 to 2026, a key restriction for the worldwide chronic illness management market will be patient non-adherence and non-compliance, which would result in unsatisfactory outcomes.
Some Key Players of the Global Chronic Disease Management Market are TriZetto Corporation, Infosys Limited, Pegasystems Inc., Siemens Healthcare Private Limited, MINES & Associates, Inc., Allscripts Healthcare Solutions, Inc., HealthSmart Holdings, Inc., Wellcentive, Inc., EXL Healthcare, Phytel Inc., Harmony Information Systems, Inc., and ScienceSoft USA Corporation.
Chronic Diseases are a major source of concern among the elderly, who are more prone to obesity and diabetes. Because these variables are combined with a sedentary and inactive lifestyle, the world's growing middle-class population, as well as the rate of urbanisation, increases the risk of chronic diseases. As a result, obesity and diabetes cases have been on the rise, not just among the elderly but also among the youth. The healthcare sector also offers preventative health services and patient-centered care, allowing retailers, telecommunications, technology, and wellness & fitness companies to enter the chronic illness management market with creative solutions.
In recent years, IT healthcare services and advanced digital health technologies have gained a lot of traction, proving to be crucial in the chronic illness management industry's growth. The rising adoption of health information technologies, as well as the many online resource options available in healthcare, are boosting the chronic illness management industry.
Type, solution type, service type, disease indication, and end user are all used to segment the Chronic Disease Management Market. The growth of segments allows you to analyse specific pockets of growth and market approaches, as well as establish your main application areas and target market differences.
The Chronic Disease Management Market is divided into two types: solutions and services. Due to increased technological advancement in chronic illness management solutions, the solution segment is estimated to dominate the Chronic Disease Management Market by 2021.
The Chronic Illness Management Market is divided into three segments depending on solution type: on-premise, cloud-based, and web-based. Due to increased usage of corporate application software and improved internal processing support, the on-premise solution vectors segment is estimated to lead the Chronic Disease Management Market in 2021.
The Chronic Illness Management Market is divided into four segments based on service type: education, implementation, consulting, and others. Due to increased research and development activities in several emerging nations, the implementation services segment is likely to dominate the Chronic Disease Management Market by 2021.
The Chronic Disease Management Services market is divided into seven primary regions based on geographic location: North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, the Middle East, and Africa. Because of its extensive healthcare infrastructure, North America is projected to be the most appealing market for Chronic illness Management Services. Because of the growing knowledge of people in this region, Western Europe and Eastern Europe come in second and third. Because of the growing geriatric population, APEJ and Japan are likely to be the fastest growing markets. Due to a lack of patient engagement, MEA and Latin America are likely to be the least appealing regions for Chronic Illness Management Services.
The pandemic has forced health systems to focus on the coronavirus's difficulties, such as diminishing personal protective equipment (PPE), rising ICU capacity, and the impact of reduced elective surgeries. These challenges arose mostly as a result of COVID-19 posing an unprecedented task for which much of the industry was unprepared. The spread of COVID-19 has put health-care organisations under extreme pressure. The adoption of electronic health records by clinicians has proven critical in overcoming that obstacle. Due to hospital overcrowding and the critical need for social distance to help prevent the transmission of the virus, telehealth adoption has exploded. Telehealth services via patient portals have helped to alleviate hospital overcrowding even more. Furthermore, the COVID-19 outbreak has increased the usage of various digital platforms that assist individuals in gaining better access to medical treatment, which might benefit the care management market and increase demand for chronic illness management solutions.
Type Here for table of content.