China Emerges as a Powerhouse in the Care Management Solutions Market, Projected to Grow at an Astonishing 18.3% CAGR

PR Newswire
5 min read

DUBLIN, Oct. 12, 2023 /PRNewswire/ -- The "Care Management Solutions - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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The global care management solutions market, valued at $13.2 billion in 2022, is projected to grow to $36.7 billion by 2030, with a compound annual growth rate (CAGR) of 13.6% during the forecast period from 2022 to 2030.

The market analysis highlights key segments, including software and services, with software projected to experience a 14.2% CAGR and reach $28.5 billion by the end of the analysis period.

Market Trends and Opportunities

  • Software Growth: The software segment is forecasted to record a 14.2% CAGR, reaching $28.5 billion by 2030. Care management software solutions play a crucial role in healthcare organizations, enabling them to streamline operations and improve patient care.

  • Services Expansion: The services segment is estimated to grow at an 11.8% CAGR over the next eight years. Services include consulting, implementation, training, and ongoing support, making them essential for successful care management system deployment.

Regional Insights

  • U.S. Market: The care management solutions market in the U.S. is estimated at $5.4 billion in 2022.

  • China's Growth: China, the world's second-largest economy, is forecast to reach a market size of $2.2 billion by 2030, with an impressive CAGR of 18.3% during 2022-2030.

  • Other Noteworthy Markets: Japan and Canada are expected to grow at 10.3% and 12.7%, respectively, over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.6% CAGR.

Key Competitors

The care management solutions market includes 137 featured competitors. Some of the key players in the market include:

  • Athenahealth, Inc.

  • Allscripts Healthcare Solutions, Inc.

  • Appian Corporation

  • Best Practice Software Pty Limited

  • Azalea Health Innovations, Inc.

  • Arcadia io

  • Cardinality.ai

  • Care Innovations LLC

  • Aware Recovery Care

  • Cantata Health

  • CarePaths

  • CARECENTA, INC.

  • Amazing Charts, LLC

  • Aptean

  • Cardiology-Cloud

Economic Outlook

The global economic outlook is showing signs of improvement, with growth recovery expected in the near term. While various challenges persist, including geopolitical uncertainties and inflation concerns, countries and governments are adapting to weather these challenges.

New technologies such as AI, machine learning, cloud computing, and quantum technologies are expected to drive incremental growth and value to the global GDP in the coming years. The short-term economic landscape presents a mix of challenges and opportunities for both consumers and investors, with resilient and adaptable businesses poised to seize opportunities.

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