Chronic Disease Management Market Charts a 13.4% Growth Surge Amidst Aging Demographics-FMI Projection

The chronic disease management market share has shown notable expansion in the past few years, mostly due to the increasing global incidence of chronic illnesses. Chronic ailments like diabetes, heart disease, cancer, and respiratory disorders are on the rise as the world’s population ages and lifestyle-related causes gain prominence. In order to improve patient outcomes and lessen the strain on healthcare systems, the market for chronic illness management solutions has changed in response to this challenge.

The Chronic Disease Management Market is anticipated to thrive at a steady CAGR of 13.4%between 2023 and 2033. The market is expected to have a market share of US$ 16.83 Billion by 2033 while it is likely to be valued at US$ 4.77 Billion in 2023.

Key Driving Factors of Chronic Disease Management Market:

• The increasing lifestyle-based diseases along with the advanced healthcare infrastructure and online management-based solutions are expected to flourish the market growth. Furthermore, the increasing per capita income and independent patients are some other factors positively affecting the market dynamics.
• The idle lifestyle and poor eating habits have pushed long-term diseases like diabetes, high blood pressure, etc. to flourish the market growth across the region. Further, coordinated care across teams, enhanced overall care, high 24/7 access to vendors, and frequent phone check-ins are some of the progressive elements that propel the market’s success.
• Better management improves access to care and satisfaction while delivering quality healthcare and integrating smart technologies like artificial intelligence, machine learning, and cloud computing. Advanced disease management platforms come with sensory technology for symptom detection.
• The significant task of the chronic diseases management solution is to rectify symptoms and deliver suitable treatment, and diagnostics while helping the patients with advanced treatment. Also, the recurring revenue for providers and better patient engagement like this is helping the market expand its boundaries.

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Key Takeaways from Chronic Disease Management Market:

1. The United States market leads North America’s chronic disease management market in terms of market share in North America. The United States held a market share of 38.4% in 2022. The factors attributed to the growth are advanced healthcare, and a high prevalence of chronic diseases like diabetes, lung cancer, stroke, and heart disease. The North America region held a market share of 44.1% in 2022
2. Germany’s chronic disease management market held a healthy market share of 5.9% in 2022. The market growth is caused by the government’s efforts for better public health and the rising penetration of technology in healthcare. The Europe region held a market share of29.7% in 2022.
3. India’s market thrives at a steady CAGR of 15.9% between 2023 and 2033. The growth is attributed to the high economic activities, flourishing healthcare sector along with high-end research and development in the field.
4. China’s chronic disease management market thrives at a CAGR of 19.4% between 2023 and 2033.
5. Based on delivery type, the on-premise segment held the leading market share of 54.3% in 2022.
6. Based on end users, the provider’s segment leads as it held a market share of 58.8% in 2022

Competitive Scenario of Chronic Disease Management Market:

The key suppliers focus on easy deployment, user-friendly functionality, and effective results. The competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

1. TriZetto Corporation
2. IBM
3. Pegasystems Inc.
4. EXL Healthcare
5. AxisPoint Health
6. Wellcentive, Inc.
7. Medecision, Inc.
8. i2i Systems, Inc.
9. HealthSmart Holdings, Inc.
10. Allscripts Healthcare Solutions, Inc.
11. ZeOmega Inc.
12. Epic Corporation Inc.
13. Harmony Information Systems, Inc.

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