The chronic care management software market size has grown rapidly in recent years. It will grow from $11.78 billion in 2023 to $13.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth witnessed during the historical period can be attributed to various factors. These factors include the rising prevalence of chronic diseases, an expanding aging population, a heightened focus on patient-centered care, an increasing demand for remote patient monitoring solutions, and the upward trajectory of healthcare costs.
The chronic care management software market size is expected to see rapid growth in the next few years. It will grow to $23.05 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. In the forecast period, growth is expected to be driven by the uptake of telemedicine and virtual care services, a heightened emphasis on preventive healthcare, a rising demand for healthcare solutions that can seamlessly integrate and share data, an increase in patient-driven healthcare decision-making, and regulatory backing for chronic care management initiatives. Key trends anticipated during this period include personalized chronic disease management, the adoption of wearable technology and IoT devices, the integration of telehealth platforms into healthcare delivery systems, the utilization of predictive analytics to enable proactive care, and the implementation of remote patient monitoring technologies.
The expanding utilization of healthcare information technology (IT) solutions is poised to drive the chronic care management software market forward. Healthcare IT solutions encompass digital technologies and systems aimed at streamlining healthcare processes, enhancing patient care delivery, and improving overall healthcare outcomes. The adoption of healthcare IT solutions is driven by the imperative to enhance efficiency, elevate patient care standards, streamline operations, and meet regulatory requirements within an increasingly digitalized healthcare landscape. Leveraging various IT solutions, chronic care management software enhances the quality of care for patients with chronic conditions by facilitating improved communication, coordination, and monitoring of their healthcare needs. Notably, a January 2022 report from the Healthcare Information and Management Systems Society (HIMSS) highlighted that 80% of healthcare providers intend to enhance their investments in technology and digital solutions over the next five years. Additionally, statistics from the Office of the National Coordinator for Health Information Technology (ONC) indicate that by 2021, nearly 88% of U.S. office-based physicians had adopted any electronic health record (EHR), with around 78% implementing certified EHR systems. Thus, the growing adoption of healthcare IT solutions is a key driver propelling the chronic care management software market.
Leading companies in the chronic care management software market are intensifying their focus on developing advanced solutions such as ConnectedCare365 to gain a competitive edge. ConnectedCare365 is a digital platform designed to remotely monitor and manage individuals' health metrics and chronic conditions, facilitating proactive care delivery and improving health outcomes. For instance, in May 2021, Geisinger, a US-based health and wellness organization, introduced ConnectedCare365, an innovative care delivery model. This platform incorporates features such as remote patient monitoring, artificial intelligence integration, data analysis tools, direct communication, patient engagement capabilities, coverage of various clinical initiatives, and assistance in care transition post-hospital discharge. The integration of artificial intelligence and data analytics in this system enhances patient outcomes, care coordination, and engagement, setting a new standard in the chronic care management software market by prioritizing personalized care plans, proactive interventions, and cost-effective healthcare delivery.
In August 2023, MD Revolution, a digital health software provider based in the United States, completed the acquisition of NavCare for an undisclosed sum. Through this strategic acquisition, MD Revolution aims to introduce enhanced clinical and patient management tools, sophisticated patient engagement applications, seamless bi-directional integrations, scaled services, an expanded leadership team, improved capabilities, and sustained growth. This move significantly enhances remote patient care management services, underlining the pivotal role of advanced technologies in the chronic care management software market. NavCare, the acquired entity, specializes in chronic care management solutions and programs, complementing MD Revolution's objectives and strengthening its position in the industry.
Major companies operating in the chronic care management software market are McKesson Corporation, International Business Machines Corporation, Siemens Healthineers, Cognizant Technology Solutions, Koninklijke Philips N.V., Infosys Limited, Cerner Corporation, Epic Systems Corporation, EXL Service Holdings Inc, Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, Waystar Revenue Cycle Technology, NextGen Healthcare Inc., MEDITECH, Medecision Inc, Greenway Health LLC, Vivify Health Inc., Casenet LLC, AdvancedMD Inc., Practice Fusion, ZeOmega Inc, Kareo Billing, ScienceSoft USA Corporation, Azalea Health, Care Sync (Vatica Health), InSync Healthcare Solutions, RxNT, ClinicTracker EHR, zHealth EHR, Chronic Care Management Inc.
North America was the largest region in the chronic care management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chronic care management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the chronic care management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Chronic care management software is a digital solution designed to assist healthcare providers in efficiently managing and coordinating care for patients suffering from chronic conditions. This software simplifies care delivery processes, enables the monitoring of patient progress, and aims to improve outcomes for individuals grappling with chronic health issues.
The primary types of chronic care management software include standalone software and integrated software. Standalone chronic care management software operates independently from other healthcare software systems, providing specialized functionalities tailored to managing chronic conditions without integration with broader electronic health record (EHR) or practice management systems. The deployment models encompass cloud-based, web-based, and on-premise approaches, catering to various applications such as chronic disease management, case management, communication and collaboration, among others. These solutions are utilized by end users such as hospitals, clinics, specialty centers, and others in the healthcare industry.
The chronic care management software research report is one of a series of new reports that provides chronic care management software market statistics, including the chronic care management software industry's global market size, regional shares, competitors with an chronic care management software market share, detailed chronic care management software market segments, market trends and opportunities, and any further data you may need to thrive in the chronic care management software industry. This chronic care management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The chronic care management software market consists of revenues earned by entities by providing services such as remote patient monitoring, care coordination, medication management, telehealth consultations, patient education, and personalized care plans. The market value includes the value of related goods sold by the service provider or included within the service offering. The chronic care management software market also includes sales of products such as Electronic health records (EHR), patient portals, mobile applications, analytics tools, communication platforms, and interoperability solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The chronic care management software market size is expected to see rapid growth in the next few years. It will grow to $23.05 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. In the forecast period, growth is expected to be driven by the uptake of telemedicine and virtual care services, a heightened emphasis on preventive healthcare, a rising demand for healthcare solutions that can seamlessly integrate and share data, an increase in patient-driven healthcare decision-making, and regulatory backing for chronic care management initiatives. Key trends anticipated during this period include personalized chronic disease management, the adoption of wearable technology and IoT devices, the integration of telehealth platforms into healthcare delivery systems, the utilization of predictive analytics to enable proactive care, and the implementation of remote patient monitoring technologies.
The expanding utilization of healthcare information technology (IT) solutions is poised to drive the chronic care management software market forward. Healthcare IT solutions encompass digital technologies and systems aimed at streamlining healthcare processes, enhancing patient care delivery, and improving overall healthcare outcomes. The adoption of healthcare IT solutions is driven by the imperative to enhance efficiency, elevate patient care standards, streamline operations, and meet regulatory requirements within an increasingly digitalized healthcare landscape. Leveraging various IT solutions, chronic care management software enhances the quality of care for patients with chronic conditions by facilitating improved communication, coordination, and monitoring of their healthcare needs. Notably, a January 2022 report from the Healthcare Information and Management Systems Society (HIMSS) highlighted that 80% of healthcare providers intend to enhance their investments in technology and digital solutions over the next five years. Additionally, statistics from the Office of the National Coordinator for Health Information Technology (ONC) indicate that by 2021, nearly 88% of U.S. office-based physicians had adopted any electronic health record (EHR), with around 78% implementing certified EHR systems. Thus, the growing adoption of healthcare IT solutions is a key driver propelling the chronic care management software market.
Leading companies in the chronic care management software market are intensifying their focus on developing advanced solutions such as ConnectedCare365 to gain a competitive edge. ConnectedCare365 is a digital platform designed to remotely monitor and manage individuals' health metrics and chronic conditions, facilitating proactive care delivery and improving health outcomes. For instance, in May 2021, Geisinger, a US-based health and wellness organization, introduced ConnectedCare365, an innovative care delivery model. This platform incorporates features such as remote patient monitoring, artificial intelligence integration, data analysis tools, direct communication, patient engagement capabilities, coverage of various clinical initiatives, and assistance in care transition post-hospital discharge. The integration of artificial intelligence and data analytics in this system enhances patient outcomes, care coordination, and engagement, setting a new standard in the chronic care management software market by prioritizing personalized care plans, proactive interventions, and cost-effective healthcare delivery.
In August 2023, MD Revolution, a digital health software provider based in the United States, completed the acquisition of NavCare for an undisclosed sum. Through this strategic acquisition, MD Revolution aims to introduce enhanced clinical and patient management tools, sophisticated patient engagement applications, seamless bi-directional integrations, scaled services, an expanded leadership team, improved capabilities, and sustained growth. This move significantly enhances remote patient care management services, underlining the pivotal role of advanced technologies in the chronic care management software market. NavCare, the acquired entity, specializes in chronic care management solutions and programs, complementing MD Revolution's objectives and strengthening its position in the industry.
Major companies operating in the chronic care management software market are McKesson Corporation, International Business Machines Corporation, Siemens Healthineers, Cognizant Technology Solutions, Koninklijke Philips N.V., Infosys Limited, Cerner Corporation, Epic Systems Corporation, EXL Service Holdings Inc, Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, Waystar Revenue Cycle Technology, NextGen Healthcare Inc., MEDITECH, Medecision Inc, Greenway Health LLC, Vivify Health Inc., Casenet LLC, AdvancedMD Inc., Practice Fusion, ZeOmega Inc, Kareo Billing, ScienceSoft USA Corporation, Azalea Health, Care Sync (Vatica Health), InSync Healthcare Solutions, RxNT, ClinicTracker EHR, zHealth EHR, Chronic Care Management Inc.
North America was the largest region in the chronic care management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chronic care management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the chronic care management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Chronic care management software is a digital solution designed to assist healthcare providers in efficiently managing and coordinating care for patients suffering from chronic conditions. This software simplifies care delivery processes, enables the monitoring of patient progress, and aims to improve outcomes for individuals grappling with chronic health issues.
The primary types of chronic care management software include standalone software and integrated software. Standalone chronic care management software operates independently from other healthcare software systems, providing specialized functionalities tailored to managing chronic conditions without integration with broader electronic health record (EHR) or practice management systems. The deployment models encompass cloud-based, web-based, and on-premise approaches, catering to various applications such as chronic disease management, case management, communication and collaboration, among others. These solutions are utilized by end users such as hospitals, clinics, specialty centers, and others in the healthcare industry.
The chronic care management software research report is one of a series of new reports that provides chronic care management software market statistics, including the chronic care management software industry's global market size, regional shares, competitors with an chronic care management software market share, detailed chronic care management software market segments, market trends and opportunities, and any further data you may need to thrive in the chronic care management software industry. This chronic care management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The chronic care management software market consists of revenues earned by entities by providing services such as remote patient monitoring, care coordination, medication management, telehealth consultations, patient education, and personalized care plans. The market value includes the value of related goods sold by the service provider or included within the service offering. The chronic care management software market also includes sales of products such as Electronic health records (EHR), patient portals, mobile applications, analytics tools, communication platforms, and interoperability solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Chronic Care Management Software Market Characteristics3. Chronic Care Management Software Market Trends and Strategies32. Global Chronic Care Management Software Market Competitive Benchmarking33. Global Chronic Care Management Software Market Competitive Dashboard34. Key Mergers and Acquisitions in the Chronic Care Management Software Market
4. Chronic Care Management Software Market - Macro Economic Scenario
5. Global Chronic Care Management Software Market Size and Growth
6. Chronic Care Management Software Market Segmentation
7. Chronic Care Management Software Market Regional and Country Analysis
8. Asia-Pacific Chronic Care Management Software Market
9. China Chronic Care Management Software Market
10. India Chronic Care Management Software Market
11. Japan Chronic Care Management Software Market
12. Australia Chronic Care Management Software Market
13. Indonesia Chronic Care Management Software Market
14. South Korea Chronic Care Management Software Market
15. Western Europe Chronic Care Management Software Market
16. UK Chronic Care Management Software Market
17. Germany Chronic Care Management Software Market
18. France Chronic Care Management Software Market
19. Italy Chronic Care Management Software Market
20. Spain Chronic Care Management Software Market
21. Eastern Europe Chronic Care Management Software Market
22. Russia Chronic Care Management Software Market
23. North America Chronic Care Management Software Market
24. USA Chronic Care Management Software Market
25. Canada Chronic Care Management Software Market
26. South America Chronic Care Management Software Market
27. Brazil Chronic Care Management Software Market
28. Middle East Chronic Care Management Software Market
29. Africa Chronic Care Management Software Market
30. Chronic Care Management Software Market Competitive Landscape and Company Profiles
31. Chronic Care Management Software Market Other Major and Innovative Companies
35. Chronic Care Management Software Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Chronic Care Management Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on chronic care management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for chronic care management software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The chronic care management software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Standalone Software; Integrated Software2) by Deployment: Cloud-Based; Web-Based; On-Premise
3) by Application: Chronic Disease Management; Case Management; Communication and Collaboration; Other Applications.
4) by End User: Hospitals; Clinics; Specialty Centers; Other End Users
Key Companies Mentioned: McKesson Corporation; International Business Machines Corporation; Siemens Healthineers; Cognizant Technology Solutions; Koninklijke Philips N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- McKesson Corporation
- International Business Machines Corporation
- Siemens Healthineers
- Cognizant Technology Solutions
- Koninklijke Philips N.V
- Infosys Limited
- Cerner Corporation
- Epic Systems Corporation
- EXL Service Holdings Inc
- Allscripts Healthcare Solutions Inc
- eClinicalWorks LLC
- Waystar Revenue Cycle Technology
- NextGen Healthcare Inc
- MEDITECH
- Medecision Inc
- Greenway Health LLC
- Vivify Health Inc
- Casenet LLC
- AdvancedMD Inc
- Practice Fusion
- ZeOmega Inc
- Kareo Billing
- ScienceSoft USA Corporation
- Azalea Health
- Care Sync (Vatica Health)
- InSync Healthcare Solutions
- RxNT
- ClinicTracker EHR
- zHealth EHR
- Chronic Care Management Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 13.44 Billion |
Forecasted Market Value ( USD | $ 23.05 Billion |
Compound Annual Growth Rate | 14.4% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |