New York, NY, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Chronic Disease Management Market by Disease Type (Arthritis, Cardiovascular Disease, Cancer, Diabetes, and Others), by Delivery Mode (Cloud-Based and On-Premises), by Service (Educational Services, Implementation Service, Consulting Service, and Others), and by End-User (Providers, Payers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2024”. According to the report, the global chronic disease management market was valued at approximately USD 3.92 billion in 2018 and is expected to generate around USD 10.3 billion by 2024, at a CAGR of around 17.5% between 2019 and 2024.
Chronic disease management comprises a defined set of interventions mainly aimed at providing high-quality healthcare and a better quality of life to patients. Chronic disease management services include a variety of services, such as multidisciplinary care, guidelines for the self-management of the chronic disease condition, and guidance for healthy behavioral change, to increase awareness about various diseases. Chronic care management is used for dealing with a wide variety of diseases, such as depression, cardiovascular disorders, obesity, neurological disorders, etc.
Browse through 71 Tables & 33 Figures spread over 110 Pages and in-depth TOC on “Global Chronic Disease Management Market Size 2018: Industry Type, Share, Trends, Analysis and Forecast 2024”.
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The growing invasion of chronic diseases along with the increasing awareness about the consequences of life-threatening diseases is estimated to drive the global chronic disease management market growth in the future. Chronic diseases, such as cardiovascular disorder, cancer, and neurological disorder, are creating the demand for solutions that can deliver the services to improve patient health at a relatively lower and affordable cost. About 17.5 million people died from cardiovascular disorders in 2015, i.e., 31% of all the global deaths. Additionally, the global burden of chronic disease is increasing, owing to the increasing geriatric population globally.
The adoption of digital technologies and trending IT healthcare services are further anticipated to fuel the chronic disease management market growth globally in the future. However, the non-compliance and lack of adherence among the patients may hamper the global chronic disease service market expansion in the years ahead.
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The global chronic disease management market is segmented based on disease type, delivery mode, service, and end-user. By disease type, the chronic disease management market is divided into arthritis, cardiovascular disease, cancer, and diabetes. Cardiovascular diseases held the largest market share in 2017.
By delivery mode, the chronic disease management market is categorized into cloud-based and on-premises. The cloud-based segment is likely to register the highest CAGR owing to its flexibility, affordability, and scalability.
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By service, the chronic disease management market is segmented into educational services, implementation service, consulting service, and others. The implementation services are estimated to hold the largest market share in the future, owing to the growing focus on offering cost-effective and efficient solutions.
The end-user segment of the chronic disease management market includes providers, payers, and others. Providers are further segmented into ambulatory care centers, hospitals, physician groups, and integrated delivery networks, diagnostic and imaging centers, home healthcare agencies, nursing homes, and assisted living facilities, and others. The payers segment is further divided into public payers and private payers.
Browse the full “Chronic Disease Management Market by Disease Type (Arthritis, Cardiovascular Disease, Cancer, Diabetes, and Others), by Delivery Mode (Cloud-Based and On-Premises), by Service (Educational Services, Implementation Service, Consulting Service, and Others), and by End-User (Providers, Payers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2024” Report at https://www.zionmarketresearch.com/report/chronic-disease-management-market
By region, North America is anticipated to dominate the chronic disease management market globally over the forecast time period. This can be attributed to the substantial developments witnessed in the healthcare infrastructure and funds for research granted by the government and ruling authorities. Furthermore, favorable government policies have accelerated the growth of chronic disease management market in this region. In 2013, 43 states implemented the medical home model with emphasis on chronic conditions. The North American chronic disease management market consists of several key companies, such as Aetna Health Management, American Healthways, Merck-Medco Managed Care, and Eli Lilly. This, in turn, is likely to further fuel the region’s chronic disease management market in the future.
Europe is another prominent region in the chronic disease management market. The increasing burden of chronic diseases in Europe is not only driven by growing geriatric population but the younger generations suffering from a wide range of chronic diseases along with over 80% of premature deaths due to non-communicable diseases.
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The Asia Pacific is anticipated to demonstrate the fastest growth rate in the chronic disease management market over the forecast timeframe, owing to the region’s thriving healthcare industry due to a large population base, especially in India, China, and Japan. In 2006, the chronic disease management program was launched by the ministry of health in Singapore, to create infrastructure for chronic disease treatment. In 2006, there was only diabetes mellitus under this program but in 2017, 19 more chronic diseases were added including rheumatoid arthritis (RA), psoriasis, osteoporosis, epilepsy, benign prostatic hyperplasia (BPH), Parkinson’s disease, osteoarthritis, dementia, stroke, anxiety, bipolar disorder, major depression, schizophrenia, nephritis/nephrosis, chronic obstructive pulmonary disease (COPD), asthma, lipid disorders, and hypertension. Additionally, the growing disposable income and healthcare concerns of people are estimated to further drive the chronic disease management market in the Asia Pacific in the future.
The Middle Eastern and African region is dealing with resource constraint issues in the healthcare industry and might find it difficult to implement chronic disease management services properly, thereby showing slow growth in this market in the future.
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.
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This report segments the global chronic disease management market into:
Global Chronic Disease Management Market: By Disease Type
- Arthritis
- Cardiovascular Disease
- Cancer
- Diabetes
- Others
Global Chronic Disease Management Market: By Delivery Mode
- Cloud-Based
- On-Premises
Global Chronic Disease Management Market: By Service
- Educational Implementation Service
- Implementation Service
- Consulting Service
- Others
Global Chronic Disease Management Market: By End-User
- Providers
- Ambulatory Care Centers
- Hospitals, Physician Groups, and Integrated Delivery Networks
- Diagnostic and Imaging Centers
- Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
- Others
- Payers
- Public Payers
- Private Payers
- Others
Global Chronic Disease Management Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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