Description

The global integrated care management market size is expected to grow at a CAGR of 8.6% from 2022 to 2030. Integrated care, or integrated health, comprehensive care, coordinated care, transmural care, or seamless care, is a global trend in healthcare reforms and new organizational arrangements focusing on more coordinated and integrated forms of care provision, and its management is considered as integrated care management.

There is a growing understanding that if healthcare is to be sustainable, there must be a fundamental shift from treating illness as it arises to focusing on prevention. Due in part to scientific and technical advancements and a greater awareness of how the behaviours affect human life expectancy, the vast majority of health systems have witnessed remarkable gains in health outcomes over the past few decades.

However, for many people in modern society, a longer life means a longer life with various chronic illnesses. In addition, while life expectancy continues to rise for the wealthiest 10% of the population, it has either plateaued or declined for the poorest 10%. Simultaneously, the expenses of providing care are growing, and the social care system is in turmoil, with many provider organisations suffering severe financial issues.

COVID-19 Impact on the Global Integrated Care Management Market

COVID-19 had a significant impact on the growth of the market. During COVID-19, various companies and healthcare providers introduced different integrated care packages to ensure the safety of patients in their home settings. The demand for integrated care management has increased amid the pandemic to manage such integrated care services. Further, during the pandemic, people also opted for integrated home care services, as panic was their due to the high impact of COVID-19 on every individual and market.

Scope of the Integrated Care Management

The study categorizes the integrated care management market based on integration type, component type, integration method, integration level, and integration care model at the regional and global levels.

By Integration Type

• Organizational
• Functional
• Service
• Clinical

By Component Type

• Service
• Software
• Hardware

By Integration Level

• Macro
• Meso
• Micro

By Integrated Care Model

• Population-based Model
• Group and disease-specific models
• Individual Models

By Region

• North America
  • US
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Rest of South America
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • Hungary
  • Czech Republic
  • Belgium
  • The Netherlands
  • Norway
  • Sweden
  • Denmark
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Myanmar
  • Cambodia
  • The Philippines
  • Singapore
  • Australia
  • New Zealand
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

The software segment is projected to account for the highest CAGR by component type in the integrated care management market

Based on integration type, the global integrated care management market is bifurcated into software, hardware, and service. Among them, the services accounted for the highest market share in 2021 due to the integrated care management offered by various healthcare giants to cater to the needs of the patients. However, the software is estimated to showcase the highest CAGR growth during the forecasting period. The growth is attributed to the growing investment in technology and emerging integrated care management software, which will drive the segment's growth.

North America accounts for the highest market share in the integrated care management market

Based on the regions, the global integrated care management has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, North America accounts for the highest market share in the integrated care management market and is estimated to hold the highest market share over the forecasting period. Owing to the presence of well-established market players across the region, including IBM, Genex Services, and more. Further, the growing technological advancements across the regions will drive the market’s growth.

Key Market Players in the Global Integrated Care Management Market

On the basis of research and analysis below are some key market players adopting various strategies to enhance their customer base and market position:

• Wipro
• Integrated Care Solutions
• InfoMC
• Uphealth Inc.
• Lightbeam
• OSP Labs
• Centene Corporation
• The General Hospital Corporation
• IBM
• Healthedge
• Genex Services
• ExlService Holdings, Inc. and Affiliates
• Philips
• Access

Some key strategies are as follows

• In September 2021, Access acquired Servelec to develop integrated health and social care offerings. This will enhance the company’s product portfolio and enable the company to cater to customers' needs.
• In January 2021, Philips inked an agreement to acquire Capsule Technologies, Inc. This acquisition will expand its business in integrated patient care management solutions for the hospitals.

Key Issues Addressed

• What is the market size by various segmentation of the integrated care management by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the integrated care management market?
• What are the key opportunities and trends for manufacturers involved in the integrated care management supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of integrated care management in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.