Chronic Care Management Software Market
Chronic Care Management Software Market Size, Share & Trends Analysis Report by Deployment Mode (On-Premises and Cloud), and by End-User (Healthcare Provider and Healthcare Payer) Forecast Period (2023-2030)
Chronic care management software market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. The growing digitalization of healthcare infrastructure has been contributing to the global market growth. The rising implementation of electronic health records (EHRs) and health information exchange systems along with the high demand for telemedicine technologies is further contributing to the market growth. According to HealthIT.Gov, as of 2021, nearly 4 in 5 office-based physicians (78.0%) and nearly all non-federal acute care hospitals (96.0%) adopted a certified EHR. This marks substantial 10-year progress since 2016 when 96.0% of hospitals and 78.0% of physicians had adopted an EHR.
EHRs Adopted by National Hospitals & Office-Based Physicians, 2016-2021 (%)
Source: HealthIT.Gov
According to the World Health Organization (WHO), around 17.9 million fatalities occur each year due to these heart diseases, which is estimated to be around 31.0% of the global fatalities. Amongst these fatalities, around 7.4 million had CHD and approx. 6.7 million fatalities occurred due to a stroke. By 2030, it has been projected that CVDs will be responsible for approx. around 23.6 million mortalities around the globe. The rising burden of chronic disorders such as heart diseases that require immediate actions has further created demand for the chronic care management software market. The growing funding for new startups has further contributing to the market growth. For instance, in October 2023, Prevounce Health closes $7million to scale remote care management solutions. However, the high cost of implementation of this software may restrain its market growing in low income economies.
Segmental Outlook
The global chronic care management software market is segmented based on deployment mode and end-user. Based on deployment mode, the market is bifurcated into on-premises and cloud. Based on end-user, the market is sub-segmented into healthcare payers and healthcare providers.
Cloud-Based Sub-Segment is Anticipated to Exhibit the Highest CAGR in the Global Market
Cloud-based solutions provide higher flexibility, are easy to scale up depending on the patient base, and are comparatively more affordable than other modes of delivery. These factors are largely responsible for rapid segment growth during the forecast period. There has also been a rise in the adoption of electronic health records by healthcare providers to improve accessibility, security, and storage capabilities. Cloud-based offerings also result in massive cost savings.
Regional Outlook
The global chronic care management software market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).
Global Chronic care management software Market Growth, by Region 2023-2030
North America Hold Considerable Share in the Global Chronic Care Management Software Market
North America hold considerable share in the global market. The increased adoption of digital health technology and rising innovative strategies is a key contributor to the high share of the regional market. Increasing the adoption of digital health technology is expected to propel the market's growth. For instance, the American Medical Association report published in September 2022 reported high growth in the adoption of digital health tools that aid in remote care in the US. It also reported that the percentage of physicians using tele-visits/virtual visits grew to 80.0% in 2022, while the percentage of physicians using remote monitoring devices grew to 30.0% in 2022. Such a rise in the adoption of digital health tools for care is expected to contribute to the market segment's growth.
Market Players Outlook
The major companies serving the global chronic care management software market include Cognizant, Convey Health Solutions, EPIC Corporation Inc., Hinduja Global Solutions, Ltd., and Veradigm among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2023, Objective Medical Systems (OMS), a health information technology company in cardiovascular software solutions, has announced the availability of OMS C3 Chronic Care Coordinator for download on Connection Hub, an exclusive platform where vendors demonstrate their interoperability with Epic software. This integration marks a significant advancement in our commitment to revolutionizing cardiology practices nationwide.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global chronic care management software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Cognizant
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Convey Health Solutions
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. EPIC Corporation Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Hinduja Global Solutions, Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Veradigm
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Chronic Care Management Software Market by Deployment Mode
4.1.1. On-Premises
4.1.2. Cloud
4.2. Global Chronic Care Management Software Market by End-User
4.2.1. Healthcare Payers
4.2.2. Healthcare Providers
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AdvancedMD, Inc.
6.2. AllegianceMD, Inc.
6.3. athenahealth EHR
6.4. ClinicTracker EHR
6.5. Clockwise, Inc.
6.6. InSync
6.7. Intergy by Greenway Health
6.8. Kareo Billing
6.9. MDConnection, Inc.
6.10. NextGen Healthcare
6.11. PHYSIMED EMR
6.12. Practice Fusion
6.13. Psychiatry-Cloud
6.14. TotalMD
6.15. Waystar Revenue Cycle Technology
6.16. zHealth EHR
1. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
2. GLOBAL ON-PREMISES BASED CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL CLOUD-BASED CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
5. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE FOR HEALTHCARE PAYERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE FOR HEALTHCARE PROVIDERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. NORTH AMERICAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
9. NORTH AMERICAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
10. NORTH AMERICAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
11. EUROPEAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
12. EUROPEAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
13. EUROPEAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
14. ASIA-PACIFIC CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. ASIA-PACIFIC CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
16. ASIA-PACIFIC CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
17. REST OF THE WORLD CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. REST OF THE WORLD CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
19. REST OF THE WORLD CHRONIC CARE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE MARKET SHARE BY DEPLOYMENT MODE, 2022 VS 2030 (%)
2. GLOBAL ON-PREMISES BASED CHRONIC CARE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL CLOUD-BASED CHRONIC CARE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE MARKET SHARE BY END-USER, 2022 VS 2030 (%)
5. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE FOR HEALTHCARE PAYERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE FOR HEALTHCARE PROVIDERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL CHRONIC CARE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. US CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
9. CANADA CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
10. UK CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
11. FRANCE CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
12. GERMANY CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
13. ITALY CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
14. SPAIN CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
15. REST OF EUROPE CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
16. INDIA CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
17. CHINA CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
18. JAPAN CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
19. SOUTH KOREA CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF ASIA-PACIFIC CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF THE WORLD CHRONIC CARE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
