Research Nester published a report titled “Chronic Disease Management Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global chronic disease management market in terms of market segmentation by type, deployment mode, disease type, service type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global chronic disease management market is anticipated to grow with a CAGR of ~13% over the forecast period, i.e., 2022 – 2031. The market is segmented by type into solutions, and services. Out of these, solutions segment is projected to grow at a highest pace over the forecast period owing to the heightened awareness of the adoption of cloud-based healthcare solutions, as well as the rising prevalence of on-demand healthcare solutions.
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The global chronic disease management market is projected to significantly grow owing to the globally increasing chronic obstructive pulmonary disease, followed by the upsurge in aging population, as a lot of intensive care is required for the old people, and increasing utilization of big data in healthcare sector are some of the major factors anticipated to drive the growth of the market in the coming years.
Geographically, the global chronic disease management market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is estimated to witness significant growth over the forecast period on the back of rising occurrence of various kinds of chronic diseases i.e., cardiovascular disease, heart disease, diabetes and cancer, growing count of geriatric population, and expansion in technological progressions in the region
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Prevalence of Various Types of Chronic Diseases to Drive the Market Growth
For instance, by 2020, global chronic disease prevalence was boosted by 59%.
Chronic disease is defined as one that lasts for more than a year and necessarily requires continuous medical treatment or restricts everyday activities. Chronic diseases i.e., diabetes, cardiovascular disease, cancer, strokes, and heart disease are the major reasons behind the huge count of disability and death across the globe. These diseases require long duration treatment as well as a precise monitoring of health recovery in a patient. In such scenario, chronic disease management gives great support by providing health monitoring on a go by the aid of several sorts of digitally accessible tools i.e., health monitoring apps, cloud based tool to search health related query and getting an appropriate outcome of such queries. Therefore, the increasing number of chronic disease patients is fueling the demand of chronic disease management.
However, high primary investments, shortage of skilled personnel, and high treatment cost of chronic diseases are expected to operate as key restraint to the growth of global chronic disease management market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global chronic disease management market which includes company profiling of NXGN Management, WellSky Corporation, Epic Systems Corporation, Cedar Gate Technologies, Koninklijke Philips N.V, Altruista Health, Cognizant TriZetto Software Group Inc, Infosys Ltd, Pegasystems Inc., Hinduja Global Solutions Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global chronic disease management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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