Product Code: RP-ID-10008216 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10008216
Market Overview:
Global Healthcare Biometrics Market Size, Growth, Opportunity and Forecast 2022-2030
" The global care management solutions market size is estimated to be valued at more than ~USD 10 billion in 2021 and is expected to grow at a compound annual growth rate of ~20% during the forecast period 2022-2030. The increasing emphasis on patient-centered care and the increasing burden of medical expenditures are creating a demand for comprehensive care management solutions.
Healthcare payers, government agencies, and employer groups are increasingly using nursing management solutions to meet their healthcare management needs. Rising medical expenses have created a strong need to reduce costs while improving the quality of care. Healthcare providers rely on nursing management solutions to achieve these goals. An ideal solution is measured by its breadth, comprehensiveness and analytical capabilities. The key factor driving the adoption of these solutions is to shift the burden of risk from health care payers to providers.
With the increase in the elderly population and the increasing prevalence of chronic diseases such as cancer, diabetes, stroke, cardiovascular disease and respiratory diseases, care management solutions provide effective workflow methods that can save time and reduce costs. This provides profitable opportunities for participants in the chronic disease market.
Many healthcare organizations prefer risk-based arrangements, and they are responsible for providing specific healthcare to patient groups. Some organizations with extensive experience in providing nursing management services use commercial tools that do not help when scaling up. Some organizations operate in a fee-for-service environment and have limited resources.
These organizations need effective nursing management solutions to operate better while implementing good nursing management. Advances in IT infrastructure and big data capabilities have also promoted market growth. The function is used to integrate EMR and claims-based data sources at the member/patient level. This information enhances in-depth analysis for clinical decision support, nursing management planning and planning.
COMPONENT INFORMATION:
According to components, the market is divided into software and services. Software accounted for the majority in 2020 and is expected to maintain its dominant position by 2030. Due to the ease of use and affordability of the software, this segment is also expected to achieve the fastest growth rate during the forecast period.
They enable providers to effectively diagnose patients, monitor their vital signs and medications, minimize errors during surgery, and generate digital records for clinical research. The iPro anesthesia platform is one such example.
DELIVERY METHOD INFORMATION:
According to the delivery method, the nursing management solution market is divided into network, cloud and local. Network-based market segments accounted for the largest share in 2020, while cloud-based products are expected to record the fastest growth rate during the forecast period. More affordable than other delivery methods. These factors are the main reasons for the rapid growth of this market segment by 2020. Healthcare providers are increasingly adopting electronic medical records to improve accessibility, security, and storage capabilities. Cloud-based products can also save a lot of costs.
END USE INFORMATION:
According to end-use, the market is divided into healthcare providers, healthcare payers, and other institutions such as governments and employers. Due to the growing demand for patient-centered care, the continuous improvement of medical quality, the growing patient population, and the growing demand for faster services, healthcare providers dominated the market in 2020. Healthcare relies on statistical models and clinical models. Big data analysis helps them identify members with specific chronic diseases and develop the most relevant care management plan for the patient. It also helps them improve the efficiency of their health management plans.
REGIONAL OUTLOOK:
From a geographic perspective, North America dominated the market in 2020 and is expected to maintain its dominant position during the forecast period. Technological advancements, increasing adoption of cloud-based solutions, and increased awareness of patient care management are key factors for the growth of the regional market.
Europe is expected to show strong growth during the forecast period. The Asia-Pacific region also offers lucrative market opportunities. Due to the rapid economic development of emerging countries such as China, Japan, South Korea, and India, the improvement of sanitation facilities is one of the rendering engines with greater impact.
The increasing interest and investment of major industry players, as well as continued collaborative efforts, are also reasons for regional growth. For example, in May 2018, Singaporean healthcare group SingHealth cooperated with Allscripts to implement the iPro anesthesia platform in all SingHealth institutions. The software tracks the patient;s vital signs and medications during surgery, and generates digital records for clinical research.
INSIGHTS INTO THE MARKET SHARE OF NURSING MANAGEMENT SOLUTION:
Existing participants are strengthening their influence in the industry through cooperation, mergers and acquisitions. In May 2018, Allscripts announced the completion of the acquisition of HealthGrid Holding Company, a developer of commercial patient participation solutions. This acquisition marks the expansion of the Allscripts FollowMyHealth platform, which provides patient engagement solutions that focus on connecting patients with providers.
Similarly, in March 2018, Philips Wellcentive announced a strategic partnership with Holon Solutions. The association aims to provide information about patients in the electronic records of healthcare providers so that they can make more informed decisions at the point of care. Some of the major industry contributors are Allscripts Healthcare Solutions, Inc.; Epic Systems; Competent; EXL; Koninklijke Philips N.V.; Athena Health; Screening; Healing; and IBM.
MARKET SEGMENTS COVERED BY THE REPORT:
The report forecasts global, regional, and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research will report on the global care management solutions market based on components, delivery methods, end uses, and regions: Outlook components (revenue, millions of dollars, 2022-2030) SoftwareServicesMode of Delivery Outlook (revenue, Millions of dollars, 2022-2030) Web-cloud-based on-premise end-use outlook (revenue, million dollars, 2022-2030) Healthcare providers, healthcare payers, others"
1. Fujitsu Ltd.
2. 3M cogent, Inc.
3. DXC Technology company
4. NEC Corporation
5. Lumidigm
6. Morpho
7. Imprivata, Inc.
8. Suprema, Inc.
9. Bio-key International, Inc.
10. Zkteco, Inc.
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