Accountable Care Solutions Market is Estimated to Witness High Growth Owing to Increasing Healthcare Costs
The accountable care solutions market comprises population health management solutions, referral management solutions, health analytics solutions, patient engagement solutions, and payment management solutions. These solutions help streamline healthcare operations and lower costs, while improving quality of care and health outcomes. The accountable care solutions provide real-time insights and help providers coordinate care better across care settings. They also engage patients and empower them to play an active role in managing their health. The need for such solutions is growing due to the rising healthcare costs and demand for value-based reimbursement models.
The Global accountable care solutions market is estimated to be valued at US$ 42.54 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Accountable Care Solutions Market are Cerner Corporation, IBM Corporation, UnitedHealth Group, Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, McKesson Corporation, Verisk Health, ZeOmega, Inc., eClinicalWorks, Inc., NextGen Healthcare, Athenahealth Inc., Constellation Software Inc., Optum, Inc, COTIVITI, INC, Verisk Analytics, Inc.
Key opportunities: Increasing adoption of cloud-based solutions, growing focus on patient-centric care, and rising need to curtail healthcare costs present significant growth opportunities for players in the accountable care solutions market.
Global expansion: Leading accountable care solutions providers are expanding their geographical footprint and enhancing their product portfolios organically as well as inorganically through acquisitions to better serve the global demand.
In terms of value, the accountable care solutions market is concentrated in North America. Factors such as the increasing prevalence of chronic diseases, rising healthcare costs, and favorable government initiatives are driving higher adoption of accountable care solutions in the region. The Asia Pacific region is poised to be the fastest growing market for accountable care solutions during the forecast period due to rising medical tourism, growing geriatric population, increasing per capita healthcare expenditure, and growing penetration of healthcare IT solutions.
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