Chronic Disease Management Market to Reach $14.88 Bn, Globally, by 2031 at 11.8% CAGR: Allied Market Research

Increase in geriatric population, surge in prevalence of chronic diseases including cancer and diabetes, and popularity of chronic disease management owing to integration of IT solutions have boosted the growth of the global chronic disease management market.

PORTLAND, Ore., Aug. 4, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Chronic Disease Management Market by Type (Solutions, Services), by Disease Type (Cardiovascular diseases, Diabetes, Cancer, Asthma, Chronic obstructive pulmonary disorders, Others), by End User (Healthcare Providers, Healthcare Payers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global chronic disease management industry was pegged at $4.90 billion in 2021, and is expected to reach $14.88 billion by 2031, growing at a CAGR of 11.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. 

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Major determinants of the market growth

Increase in geriatric population, surge in prevalence of chronic diseases including cancer and diabetes, and popularity of chronic disease management owing to integration of IT solutions have boosted the growth of the global chronic disease management market. However, dearth of skilled professionals and trained workforce hinder the market growth. On the contrary, rise in strategic initiatives such as mergers, acquisitions, and collaborations by major market players would open new opportunities in the future.

Covid-19 scenario:

• The Covid-19 pandemic had a positive effect on the market due to the increased prevalence of Covid-19 and rise in demand for accurate diagnosis and treatment devices.
• Chronic disease management solutions are very helpful as they allow healthcare professionals to integrate solutions such as HER, care management, patient management to healthcare payer solutions.
• The strict lockdown regulations increased the demand for electric data transfer and claim management.

Scope of the Report: -

The diabetes segment to manifest the highest CAGR through 2031

By disease type, the diabetes segment is estimated to portray the highest CAGR of 12.7% during the forecast period. In addition, the segment held the largest share in 2021, accounting for more than one-fourth of the global chronic disease management market, and is expected to continue its dominance during the forecast period. This is due to increase in prevalence of diabetes because of changes in lifestyle, unhealthy diet, physical inactivity, and obesity. The report includes analysis of the cardiovascular diseases, cancer, asthma, chronic obstructive pulmonary disorders, others.

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The solution segment dominated the market

By type, the solutions segment held the largest share in 2021, contributing to nearly two-thirds of the global chronic disease management market, and is expected to dominate the market. In addition, the segment is projected to manifest the highest CAGR of 12.0% during the forecast period, due to increase in awareness of the use of cloud-based and on-premise solutions in healthcare leads to the growth of the chronic disease management system. The report includes analysis of the services segment.

The healthcare providers segment held the largest share

By end user, the healthcare providers segment dominated the market in 2021, accounting for nearly half of the global chronic disease management market, due to prevalence of chronic diseases such as cancer, cardiovascular disease, heart disease, asthma, and chronic obstructive pulmonary disease increases. However, the others segment is expected to showcase the highest CAGR of 12.9% during the forecast period, owing to the increase in the prevalence of chronic diseases.

North America held the lion's share

By region, the market across North America held the largest share in 2021, accounting for nearly half of the global chronic disease management market, and is expected to maintain the leading position throughout the forecast period. This is due to the prevalence of chronic diseases such as cancer, diabetes, cardiovascular disease, heart disease, and arthritis. However, the market across Asia-Pacific is expected to register the highest CAGR of 13.4% during the forecast period, owing to rise in the geriatric population in the region.

Major market players

• ZeOmega
• Cedar Gate Technologies
• Health Catalyst
• Pegasystems Inc.
• Cognizant
• Hinduja Global Solutions Ltd. (Bengaluru)
• Epic Systems Corporation
• Casenet, LLC
• NXGN Management, LLC
• cliexa, Inc.
• ExlServings Holdings, Inc.
• Allscripts Healthcare, LLC
• Vivify Health, Inc.
• Medecision
• Infosys Limited
• Koninklijke Philips N.V. (Netherlands)
• Altruista Health

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The report analyzes these key players of the global chronic disease management market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chronic disease management market analysis from 2021 to 2031 to identify the prevailing chronic disease management market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the chronic disease management market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global chronic disease management market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

• Disease Type
• Cardiovascular diseases 
• Diabetes
• Cancer
• Asthma
• Chronic obstructive pulmonary disorders
• Others

• Type
• Solutions
• Services

• End User
• Healthcare Providers
• Healthcare Payers
• Others

• By Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• Italy
• Spain
• Rest of Europe
• Germany
• France
• U.K.
• Asia-Pacific
• Japan
• China
• Australia
• India
• South Korea
• Rest Of Asia Pacific
• LAMEA
• Brazil
• Saudi Arabia
• South Africa
• Rest of LAMEA

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