Care Management Solutions Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud), End-user (Payer, Provider, Employer Groups, & Government Bodies) – Trends & Global Forecasts to 2018
The healthcare industry is undergoing a fundamental transformation globally as it shifts from a volume-based business to a value-based business. Growing demands from consumers for improved healthcare quality and greater value are forcing healthcare providers and payers to deliver optimized outcomes. In addition, governments across the globe are increasingly working towards reducing healthcare costs, which increases the burden on payers and providers to meet government as well as consumer expectations, thereby compelling them to move towards care management solutions which enable them to provide improved healthcare at reduced costs.
The global care management solutions market is estimated to grow at a CAGR of 21% from 2013 to 2018, to reach $7.3 billion by 2018 from $2.8 billion in 2013.Over the years, the healthcare industry is recognizing that the traditional approaches to patient care, quality assurance, and cost management are inefficient to keep pace with the emerging challenges. Therefore, care management solutions will be among the priorities on the investment list of healthcare organizations for quality outcomes and cost management. Based on the mode of delivery, web-hosted solutions form the largest segment of the care management solutions market in 2013. However, cloud-based solutions are the fastest-growing delivery mode.
In the segmentation based on end users, the payer segment is the largest segment. However the provider and employer groups segments are expected to grow at a rapid rate in the end-user market as these markets are hitherto untapped and employers are realizing that the health of their employees directly affects the productivity of the company. Based on geography, North America is expected to grow at the highest CAGR. The high growth in the North American region can be attributed to factors such as the rising healthcare costs and the demands for quality care, legislative reforms, rising aging and chronically ill population, and government support for care management.
The care management solutions market is highly fragmented with many small and few large players. The companies in this market focus on growth strategies such as client acquisitions; agreements, partnerships, collaborations, and alliances; new product launches; and others (event participation, marketing and promotion, and expansion) to increase their customer base.
The major players in the global care management solutions market include McKesson Corporation (U.S.), Medecision, Inc. (U.S.), EXL Landa (U.S.), ZeOmega, Inc. (U.S.), HealthSmart Holdings, Inc. (U.S.), Allscripts, Inc. (U.S.), Phytel Inc. (U.S.), WellCentive, Inc. (U.S.), TriZetto Corporation (U.S.), and i2i Systems, Inc. (U.S.).
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolio and services offered by the 10 major players in the care management solutions market. The report analyzes care management solutions across geographies
- Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the care management solutions market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets care management solutions across geographies
- Market Diversification: Extensive information about new products and services, untapped geographies, recent developments, and investments in the care management solutions market
- Competitive Assessment: In-depth assessment of strategies, products, and services of leading players in the care management solutions market
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Markets Covered
1.3 Stakeholders
1.4 Market Scope
2 Research Methodology
2.1 Secondary and Primary Research Methodology
2.1.1 Secondary Research
2.1.2 Key Data From Secondary Sources
2.1.3 Primary Research
2.1.4 Key Data From Primary Sources
2.1.5 Key Insights From Primary Sources
2.2 Market Size Estimation Methodology
2.3 Market forecast Methodology
2.4 Market Data Validation & Data Triangulation
2.5 Assumptions
2.6 Limitations
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Drivers
5.1.1 Affordable Care Act Providing A Fillip to the Adoption of CMS
5.1.2 Rise in the Number of Accountable Care Organizations Driving the Care Management Solutions Market
5.1.3 Stakeholders Focusing on CMS to Address Rise in Aging Population, incidences of Chronic Diseases
5.1.4 Post-Implementation Benefits of Care Management Solutions, and Improvements in Quality of Care and Clinical Outcomes Positive Signs for Market
5.1.5 Incentives By Federal Government to Fuel Growth of the CMS Market
5.1.6 High Roi Increasing the Demand for CMS
5.1.7 Firm Investments By Payers and Providers An Encouraging Sign for the Market
5.1.8 Advanced It and Big Data Capabilities Driving the CMS Market
5.2 Restraints
5.2.1 Lack of Skilled Analysts Restraining Growth of CMS Market
5.2.2 Mindset and Policy Changes Needed for Successful Implementation of CMS
5.2.3 Infrastructural Investments Required for CMS
5.2.4 Lack of Evidence and Confidence in Solutions Hindering the Growth of the CMS Market
5.2.5 Fragmented End-User Market Posing Difficulties for Care Management Solution Vendors
5.2.6 Protection of Patient information A Major Concern
5.2.7 Interoperability Issues to Curb the Growth of the CMS Market
5.3 Opportunities
5.3.1 Asia-Pacific Region offers Huge Potential for CMS Market
5.3.2 Growing Medical tourism offering Growth Opportunities for the Care Management Solutionsmarket
5.3.3 Increasing Focus on Value-Based Medicine Could Increase Adoption of CMS
5.3.4 Cloud-Based Models offering Significant Growth Opportunities
5.3.5 Shifting Focus towards Patient-Centric Systems Likely to Boost Care Management Solutions Market
6 Industry Trends
6.1 End-User Affinity Analysis
6.1.1 Assessment Parameters
6.1.1.1 Direct Benefits
6.1.1.2 Purchasing Power
6.1.1.3 Infrastructural Capabilities
6.1.1.4 Regulatory Impacts
6.1.2 End-User Affinity Assessment
6.2 End-User Market Potential Analysis
7 Care Management Solutions Market, By Component
7.1 Introduction
7.2 Software
7.3 Services
7.3.1 Consulting Services
7.3.2 ongoing It Support & Implementation Services
7.3.3 Training & Education Services
7.3.4 Post-Sale & Maintenance Services
8 Care Management Solutions Market, By Delivery Mode
8.1 Introduction
8.2 Web-Based Solutions
8.3 on-Premise Solutions
8.4 Cloud-Based Solutions
9 Care Management Solutions Market, By End User
9.1 Introduction
9.2 Providers
9.3 Payers
9.4 Employer Groups
9.5 Government Bodies
10 Care Management Solutions Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 CMS A Vital tool in Curbing Healthcare Costs in the U.S. and Canada
10.2.2 Regulatory Mandates By Aca Stimulating the CMS Market in the U.S.
10.2.3 Aging Population in the U.S. to Aid the Growth of the Cms Market
10.3 Europe
10.3.1 Rising Healthcare Costs Coupled With Ageing Population Likely to Stimulate the CMS Market in Europe
10.3.2 Ehrs Laying the Foundation for Adoption of CMS
10.3.3 Growth of Hcit Market and Consolidation of Healthcare Providers in Europe Bodes Well for Care Management Solutions Market
10.4 Asia
10.4.1 Growth in Medical tourism Set to Propel Cms Market in Asia
10.4.2 An Effective Way to Curb Expenditure of the Rapidly-Growing indian Healthcare Industry
10.4.3 New Outline By Japan Fund for Information and Communication Technology Likely to Stimulate Care Management Solutions Market
10.4.4 Healthcare Investments Likely to Trigger Adoption of CMS in the Middle East
10.5 Rest of the World
10.5.1 Growth of Hcit Market in Latin America - A Platform for the Cms Market
10.5.2 Focus on Hcit to Provide Impetus to Cms Market in Australia
11 Competitive Landscape
11.1 Introduction
11.2 Client Acquisitions
11.3 Agreements, Partnerships, and Collaborations
11.4 Marketing and Promotional Activities
11.5 New Product Launches
11.6 Acquisitions
11.7 Others
12 Company Profiles
12.1 Allscripts Healthcare Solutions, Inc.
12.1.1 Business Overview
12.1.2 Company Snapshot
12.1.3 Product Portfolio
12.1.4 Key Strategy
12.1.5 Recent Developments
12.2 Exl Landa (Exlservice Holdings, Inc.)
12.2.1 Business Overview
12.2.2 Company Snapshot
12.2.3 Product Portfolio
12.2.4 Key Strategy
12.2.5 Recent Developments
12.3 Healthsmart Holdings, Inc.
12.3.1 Business Overview
12.3.2 Financials
12.3.3 Solutions & Services
12.3.4 Key Strategy
12.3.5 Recent Developments
12.4 I2I Systems, Inc.
12.4.1 Business Overview
12.4.2 Financials
12.4.3 Products & Services
12.4.4 Key Strategy
12.4.5 Recent Developments
12.5 Mckesson Corporation
12.5.1 Business Overview
12.5.2 Company Snapshot
12.5.3 Products & Services
12.5.4 Key Strategy
12.5.5 Recent Developments
12.6 Medecision, Inc.
12.6.1 Business Overview
12.6.2 Financials
12.6.3 Product Portfolio
12.6.4 Key Strategy
12.6.5 Recent Developments
12.7 Phytel, Inc.
12.7.1 Business Overview
12.7.2 Financials
12.7.3 Product Portfolio
12.7.4 Key Strategy
12.7.5 Recent Developments
12.8 Trizetto Corporation
12.8.1 Business Overview
12.8.2 Financials
12.8.3 Products & Services
12.8.4 Key Strategy
12.8.5 Recent Developments
12.9 Wellcentive, Inc.
12.9.1 Business Overview
12.9.2 Financials
12.9.3 Product Portfolio
12.9.4 Key Strategy
12.9.5 Recent Developments
12.1 Zeomega, Inc.
12.10.1 Business Overview
12.10.2 Financials
12.10.3 Products & Services
12.10.4 Key Strategy
12.10.5 Recent Developments
13 Appendix
13.1 Discussion Guide
13.2 Introducing Rt: Real Time Market Intelligence
13.3 Available Customizations
13.4 Related Reports
List of Tables
Table 1 Parameter Weightage
Table 2 Factors Affecting Adoption of Care Management Solutions By End Users
Table 3 Global Care Management Solutions Market Size, By Component, 2011-2018 ($Million)
Table 4 Care Management Solutions Software Market Size, By Geography, 2011-2018 ($Million)
Table 5 CMS Services Market Size, By Geography, 2011-2018 ($Million)
Table 6 Global Care Management Solutions Market Size, By Delivery Mode, 2011-2018 ($Million)
Table 7 Market Size for Web-Based Solutions, By Geography, 2011- 2018 ($Million)
Table 8 Market Size for on-Premise Solutions, By Geography, 2011-2018 ($Million)
Table 10 Care Management Solutions Market Size for Cloud-Based Solutions, By Geography, 2011-2018 ($Million)
Table 11 Global Care Management Solutions Market Size, By End User, 2011-2018 ($Million)
Table 12 Market Size for Providers, By Geography, 2011-2018 ($Million)
Table 13 Market Size for Payers, By Geography, 2011-2018 ($Million)
Table 14 Market Size for Employer Groups, By Geography, 2011-2018 ($Million)
Table 15 Market Size for Government Bodies, By Geography, 2011-2018 ($Million)
Table 16 Care Management Solutions Market Size, By Geography, 2011-2018 ($Million)
Table 17 North America: CMS Market Size, By Component, 2011-2018 ($Million)
Table 18 North America: Market Size, By Delivery Mode, 2011-2018 ($Million)
Table 19 North America: Market Size, By End User, 2011-2018 ($Million)
Table 20 Europe: CMS Market Size, By Component, 2011-2018 ($Million)
Table 21 Europe: Market Size, By Delivery Mode, 2011-2018 ($Million)
Table 22 Europe: Market Size, By End User, 2011-2018 ($Million)
Table 23 Asia: CMS Market Size, By Component, 2011-2018 ($Million)
Table 24 Asia: Market Size, By Delivery Mode, 2011-2018 ($Million)
Table 25 Asia: Market Size, By End User, 2011-2018 ($Million)
Table 26 ROW: Market Size, By Component, 2011-2018 ($Million)
Table 27 ROW: Market Size, By Delivery Mode, 2011-2018 ($Million)
Table 28 ROW: Market Size, By End User, 2011-2018 ($Million)
Table 29 Client Acquisitions, 2012-2014
Table 30 Agreements, Partnerships, and Collaborations, 2012-2014
Table 31 Marketing and Promotional Activities, 2012-2014
Table 32 New Product Launches, 2012-2014
Table 33 Acquisitions, 2012-2014
Table 34 Other Strategies, 2012-2014
List of Figures
Figure 1 Market Segmentation
Figure 2 Research Methodology Steps
Figure 3 Sampling Frame: Primary Research
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: top-Down Approach
Figure 7 Market forecast Methodology
Figure 8 Data Triangulation Methodology
Figure 9 Global Market Size Snapshot (2013 Vs. 2018)
Figure 10 Global Market, Geographical Ranking
Figure 11 Market Dynamics
Figure 12 Healthcare ProvidersMost Lucrative Market Segment in the U.S.
Figure 13 Software Segment Will Continue to Command Major Share of the Market
Figure 14 Cloud-Based Care Management to Grow At the Fastest Rate Between 2013 and 2018
Figure 15 Cloud-Based Segment Revenues Poised to Quadruple By 2018
Figure 16 Providers Is the Fastest-Growing End-User Segment in Market
Figure 17 Some Care Management Solutions Adopted By Healthcare Providers
Figure 18 Employer Groups to Witness Highest Growth in North America
Figure 19 North American CMS Market Expected to Grow By 150% Between 2013 and 2018
Figure 20 Providers to Become the Biggest End-User Segment By 2018 in North America
Figure 21 Battle for Market Share: Client Acqusitions Was the Key Strategy
Figure 22 Client Acquisitions, By Company, 2012-2014
Figure 23 Agreements, Partnerships, and Collaborations, By Company, 2012-2014
Figure 24 Marketing and Promotional Activities, By Company, 2012-2014
Figure 25 New Product Launches, By Company, 2012-2014
Figure 26 Acqusitions, By Company, 2012-2014
Figure 27 Other Strategies, By Company, 2012-2014