New York, NY, February 14, 2019 (GLOBE NEWSWIRE) – Zion Market Research has published a new report titled "Market for the management of chronic diseases by type of disease (arthritis, cardiovascular disease, cancer, diabetes and other), in delivery mode (cloud-based and on-premise), by service (educational services, implementation services, consulting and other) and for end users (providers, payers and others): Global industrial perspective, complete analysis and forecasting, 2018-2024 ". According to the report, the global chronic disease management market it was valued at about $ 3.82 billion in 2018 and is expected to generate about $ 10.3 billion by 2024, at a CAGR of around 17.5% between 2019 and 2024.
The management of chronic diseases includes a defined set of interventions aimed primarily at providing high quality health care and a better quality of life for patients. Chronic disease management services include a variety of services, such as multidisciplinary care, guidelines for self-management of chronic disease and guidance for healthy behavioral change, to raise awareness about various illnesses. The management of chronic care is used to treat a wide variety of diseases, such as depression, cardiovascular disorders, obesity, neurological disorders, etc.
Navigate among 71 Tables and 33 Figures distributed on 110 Pages and TOC in depth on "Global Chronic Disease Management Market Size 2018: Type of sector, share, trends, analyzes and forecasts 2024".
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It is estimated that the increasing invasion of chronic diseases and the growing awareness of the consequences of life-threatening diseases can drive the growth of the global market for chronic disease management in the future. Chronic diseases, such as cardiovascular disorders, cancer and neurological disorders, are creating the demand for solutions that can provide services to improve the health of patients at a relatively lower cost and cost. About 17.5 million people died from cardiovascular disease in 2015, ie 31% of all global deaths. Furthermore, the overall weight of chronic disease is increasing, due to the growing geriatric population globally.
The adoption of digital technologies and trends in IT health services is expected to fuel the growth of the chronic disease management market globally in the future. However, non-compliance and lack of adherence among patients may hinder the expansion of the global chronic disease services market in the coming years.
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The global market for chronic disease management is segmented according to the type of disease, the mode of delivery, service and the end user. By type of disease, the market for chronic disease management is divided into arthritis, cardiovascular disease, cancer and diabetes. Cardiovascular disease holds the largest market share in 2017.
With the delivery mode, the chronic disease management market is divided into cloud-based and local categories. It is likely that the cloud-based segment will record the highest CAGR because of its flexibility, accessibility and scalability.
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For service, the chronic disease management market is divided into educational services, implementation services, consulting services and others. Implementation services are estimated to hold the largest market share in the future, thanks to the growing focus on offering cost-effective and efficient solutions.
The end-user segment of the chronic disease management market includes suppliers, payers and others. Suppliers are further segmented into outpatient care centers, hospitals, medical teams and integrated delivery networks, diagnostic and imaging centers, home health agencies, nursing homes and assisted living facilities, and others. The payers segment is further divided into public and private debtors.
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By region, it is expected that North America will globally dominate the chronic disease management market in the foreseeable time frame. This can be attributed to substantive developments in health infrastructures and research funding granted by the government and government authorities. Furthermore, favorable government policies have accelerated the growth of the chronic disease management market in this region. In 2013, 43 states implemented the medical house model with emphasis on chronic conditions. The North American chronic disease management market is comprised of several key companies, such as Aetna Health Management, American Healthways, Merck-Medco Managed Care and Eli Lilly. This, in turn, will probably further fuel the chronic disease management market in the region in the future.
Europe is another important region in the chronic disease management market. The growing burden of chronic diseases in Europe is not driven solely by the growing geriatric population, but by the younger generation suffering from a wide range of chronic diseases and over 80% of premature deaths due to non-communicable diseases.
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The Asia-Pacific is expected to show the fastest growth rate in the chronic disease management market on schedule, due to the region's booming health sector due to a large population, especially in India, China and Japan . In 2006, the health ministry in Singapore launched the chronic disease management program to create infrastructure for the treatment of chronic diseases. In 2006, there was only diabetes mellitus in this program, but in 2017 were added 19 other chronic diseases including rheumatoid arthritis (RA), psoriasis, osteoporosis, epilepsy, benign prostatic hyperplasia (BPH), Parkinson's disease , arthrosis, dementia, stroke, anxiety, bipolar disorder, major depression, schizophrenia, nephritis / nephrosis, chronic obstructive pulmonary disease (COPD), asthma, lipid disorders and hypertension. In addition, increasing disposable income and people's health concerns are estimated to further drive the market for chronic disease management in Asia Pacific in the future.
The Middle East and African region is facing resource limitation problems in the health sector and may find it difficult to properly implement chronic disease management services, thus showing slow growth in this market in the future.
Some key players in 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 market for chronic disease management into:
Global market for chronic disease management: by type of disease
- Cardiovascular disease
Global market for chronic disease management: in delivery mode
Global market for chronic disease management: by service
- Educational implementation service
- Implementation service
- Advisory Service
Global market for chronic disease management: for end users
- Outpatient assistance centers
- Hospitals, medical groups and integrated delivery networks
- Diagnostic and imaging centers
- Home care agencies, nursing homes and assisted living facilities
- Public payers
- Private payers
Global market for chronic disease management: by region
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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