Chronic disease management services are also referred as enhance primary care. This service is provided to the patient suffering from the chronic or terminal health condition and require multidisciplinary care. If any patient suffering from the chronic medical condition such as asthma, COPD, cancer, diabetes, stroke or musculoskeletal diseases for more than six months. However, there is no specified condition for the patient to provide chronic disease management service. Chronic disease management services are generally provided are long-term care center and rehabilitation center. In chronic care management services patient are aware of the more reliable treatment option. Patient thoroughly guided with to choose appropriate physician and treatment to cure the disease. This improves the quality of care of patient through various means. Chronic disease management services provider also aware the patient with the available reimbursement scenario provided by Medicare and Medicaid and also guide them to claim the respective allowances. If the patients are opting for chronic disease management service, there is strong possibility that patient will get most appropriate treatment with cheaper price and also get the benefit of allocated reimbursement.
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Chronic Disease Management Services Market: Drivers and Restraints
Increasing prevalence of chronic diseases such as asthma, COPD, cancer, diabetes, stroke or musculoskeletal diseases around the globe is the major factor driving the growth of chronic diseases management services market. Beside that increasing awareness of regarding the healthcare management service have also upsurge the growth of chronic disease management services market over the forecast period. Moreover, improved services by service provider have increased the demand for chronic disease management services in the market. The growth in the medical tourism sector and rise in healthcare IT solution have fueled the progression of chronic disease management service market. Inadequate patient engagement and lack of interoperability may responsible for the sluggish growth of this market. Besides that high investment required to establish the infrastructure and data security concerns related to cloud-based solutions can also hamper the progress of chronic disease management services market.
Chronic Disease Management Services Market: Overview
The chronic diseases management services market is expected show significant growth over the forecast period due to increasing awareness of people. In 2010 overall spending on chronic diseases management services is 73.6 million. Approximately 36 million people have taken the advantage of Medicare reimbursement policy in 2015 due chronic disease management services. There is huge competition among the leading services provider in this market. Both leading and local service provider offers various scheme to compete in the market. Chronic disease management service is taking gaining the attractiveness throughout the globe, due to the use of health information technologies and improved availability of the online resource in the healthcare. Leading services providers of this market are focusing on the collaboration and partnership with healthcare stakeholders to provide patient-centric care.
Chronic Disease Management Services Market: Regional Overview
Based on geographic region Chronic Disease Management Services market is classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. North America is expected to be the most attractive market for chronic disease management service due to the availability of high healthcare infrastructure. This market is then followed by Western Europe and Eastern Europe owing to rising awareness of people in this region. APEJ and Japan are expected to be fastest growing market owing to increasing geriatric population. MEA and Latin America is expected to be the least attractive region for chronic disease management services market due to inadequate patient engagement.
Chronic Disease Management Services Market: Key Players
Examples of some of the market participants in chronic disease management services market identified across the value chain include, TriZetto Corporation, Phytel Inc., Pegasystems Inc. EXL Healthcare, AxisPoint Health, Wellcentive, Inc, Medecision, Inc, i2i Systems, Inc., HealthSmart Holdings, Inc., Allscripts Healthcare Solutions, Inc. ZeOmega Inc. Epic Corporation Inc, and Harmony Information Systems, Inc.
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