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Chronic Disease Management Market Growth is Expected to Account for 13.1% CAGR to Gain USD 19.9 Billion by 2032

Sep 28, 2023 3:00 PM ET

Chronic Disease Management Market Growth is Expected to Account for 13.1% CAGR to Gain USD 19.9 Billion by 2032

Chronic Disease Management Market Research Report Information By Solution (Educational Solution, Implementation Solution, Consulting Solution and others), Delivery Mode (Cloud-Based, On-Premises and Web-Based), Application (Arthritis, Cardiovascular Disease, Cancer, Diabetes and others), End-User (Providers, Payers), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

According to MRFR analysis, the global Chronic Disease Management Market is expected to register a CAGR of 13.1% from 2023 to 2032 and hold a value of over USD 19.9 billion by 2032.

The Chronic Disease Management Market has witnessed remarkable growth and transformation in recent years, driven by an escalating global burden of chronic diseases and innovative healthcare solutions. Chronic diseases, often characterized by their long-lasting nature, include conditions such as diabetes, cardiovascular diseases, cancer, chronic respiratory diseases, and many others.

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These diseases have emerged as a significant global health challenge, prompting healthcare providers, pharmaceutical companies, and medical technology firms to develop comprehensive strategies and advanced tools for effective management.

Segmentation

The Chronic Disease Management industry is divided into three categories based on delivery mode: cloud-based, on-premises, and web-based. Arthritis, Cardiovascular Disease, Cancer, Diabetes, and Others are among the applications included in the Chronic Disease Management segmentation of the market.

Providers and Payers are part of the End-User market segmentation for Chronic Disease Management. Based on solutions, the Chronic Disease Management market is divided into educational solutions, implementation solutions, consulting solutions, and other solutions.

Key Players

Some of the top market players are TriZetto Corporation (US), Infosys Limited (India), Pegasystems Inc. (US), Siemens Healthcare Private Limited (Germany),   MINES & Associates Inc. (US), Allscripts Healthcare Solutions Inc. (US), Koninklijke Philips NV (Netherlands), EXL Healthcare (New York), Harmony Information Systems Inc.(US),  ScienceSoft USA Corporation (US). 

Regional Analysis

Because of rising healthcare costs and an aging population, Europe represented the second-largest marketplace for chronic illness management. Increasing healthcare spending is another aspect of promoting market expansion. The increasing pervasiveness of chronic illnesses, such as respiratory infections, lung cancer, diabetes, stroke, and neurological ailments throughout Europe, is the main factor driving the market for managing chronic diseases.

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The Asia-Pacific region is projected to expand the fastest. The prevalence of chronic ailments like cancer and diabetes is on the rise, and the aging population is one of the important drivers fueling the expansion of the chronic disease care market. The market for chronic disease management will expand due to population expansion and the increased demand for cutting-edge medical treatments.

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