(IT-NEWSWIRE.COM, July 31, 2019 ) The global accountable care solutions market is segmented on the basis of product and service, delivery mode, end users and regions. Based on product and service, the global accountable care solutions market is segmented into healthcare provider solutions, healthcare payer solutions and services.
In 2015, healthcare provider solutions accounted for the largest share of the accountable care solutions market covers electronic health/medical records, healthcare analytics, revenue cycle management, patient engagement solutions, population health management solutions, care management solutions, healthcare it integration systems, healthcare information exchange and clinical decision support systems.
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Expected to witness the highest growth in the next five years. The growing need to improve the profitability of healthcare operations and government initiatives for eHealth implementation to improve the quality of care delivered to patients & curtail healthcare costs are the major drivers of market growth. The services segment is further classified into support & maintenance services, implementation services, consulting services, training & education services.
Furthermore, on the basis of end users, the market is classified into healthcare providers and healthcare payers. The healthcare providers end user segment accounted for the largest share of accountable care solutions market. The growing need to improve the profitability of healthcare operations and government initiatives to improve the quality of care delivered to patients & curtail the soaring cost of healthcare are some of the factors driving the adoption of accountable care solutions among providers.
Accountable Care Solutions Market: Region-wise Outlook
In 2015, North America was the major market for accountable care solutions product and service, followed by Europe and Asia-Pacific. The highest market share of North America and European regions is primarily attributed to the presence and expansion of major healthcare IT companies through acquisitions which has improved the accessibility of accountable care solutions products and services in this region.
However, Asia-Pacific and Latin American regions provide wide scope for the accountable care solutions market growth. This is mainly attributed to the continuous efforts of Asian economies toward the development of the healthcare sector in this region. These economies have modified regulations and monitored the implementation of procedures, policies, and guidelines to promote innovation and commercialization. This is attracting many homegrown entrepreneurs as well as global leaders to the region. The increasing number of hospitals, academic institutions, government focus to implement information technology in healthcare and improving healthcare infrastructure propel the market for accountable care solutions.
Accountable Care Solutions Market: Key Players
Cerner Corporation (U.S.), IBM Corporation (U.S.), Aetna, Inc. (U.S.) and Epic Systems Corporation (U.S.) held the major share of the accountable care solutions market and will continue to dominate the market between 2016 and 2021. Other major players operating in this market are UnitedHealth Group (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), ckesson Corporation (U.S.), Verisk Health (U.S.), Zeomega, Inc. (U.S.), eClinicalWorks, Inc. (U.S.) and NextGen Healthcare (U.S.).
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Mr. Shelly Singh