by The accountable care solutions market is projected to grow from USD 23.38 billion in 2022 and is forecasted to reach USD 45.6 billion by 2030; it is expected to grow at a CAGR of 8.7 % from 2021 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2021 is considered as the base year.
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Table of Contents
Accountable Care Solutions Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 21.51 Billion
- Market Size Is Projected to Grow By 2022: US$ 23.38 Billion
- Market Size Is Projected to Grow By 2023: US$ 25.41 Billion
- Market Size Is Projected to Grow By 2024: US$ 27.62 Billion
- Market Size Is Projected to Grow By 2025: US$ 30.02 Billion
- Market Size Is Projected to Grow By 2026: US$ 32.63 Billion
- Market Size Is Projected to Grow By 2027: US$ 35.48 Billion
- Market Size Is Projected to Grow By 2028: US$ 38.58 Billion
- Market Size Is Projected to Grow By 2029: US$ 41.95 Billion
- Market Size Is Projected to Grow By 2030: US$ 45.6 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 8.7 percent
Scope of the Accountable Care Solutions Market
| Report Coverage | Details |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Segments Covered | Route of Administration, End User, Application, Region |
The rapidly rising prevalence of various chronic diseases and growing geriatric population across the globe is resulting in the increased number of hospital admissions. This is creating a huge pressure on the hospitals to provide effective and efficient care services along with cost-effectiveness. The rising demand for reducing the healthcare costs across the hospitals is propelling the growth of the global accountable care solutions market. Moreover, the rising investments in the development of IT and telecommunications infrastructure will have a significant and positive impact on the market growth.
The adoption of the accountable care solutions is facilitating the hospitals to provide patient-centric care services. The rising government initiatives to equip the healthcare units with advanced automation and digital technologies will propel the growth of the global accountable care solutions market. Furthermore, the growing investments in the development of smart hospitals across various countries are expected to spur the demand for the accountable care solutions.
Accountable Care Solutions Market Report Highlights
- Based on the product, the services segment is estimated to be the most opportunistic market. This is attributed to the rising adoption of the eHealth platforms amongst the healthcare providers and the patients. The rising demand for the implementation, consulting, and education services are estimated to drive the growth of this segment.
- Based on the end user, the providers segment dominated the market in 2020. This can be attributed to the increased government initiatives to promote the adoption of the digital technologies in the hospitals to increase operational efficiency of the hospitals, reduce healthcare costs, and enhance the patient care services.
- Based on the delivery mode, the cloud & web-based segment dominated the global accountable care solutions market in 2020. The increased affordability, easy data storage, data transfer, easy access to data, and easy data management are the major benefits of the cloud & web-based solutions that has fostered its growth across the globe.
Accountable Care Solutions Market Dynamics
Driver
Growing number of accountable care organizations
A rapid increase in the number of accountable care organizations has been witnessed in the past few years. According to the Department of Healthcare Policy and Research, there were more than 700 accountable care organizations in US in 2015 and this number is growing by 100 organizations per year. Therefore, the growing number of accountable care organizations is expected to drive the growth of the global accountable care solutions market during the forecast period.
Restraints
The lack of IT skills among the healthcare professionals
The healthcare professionals lacks in the IT knowledge that forces them to opt for third-party service providers in order to integrate and operate the accountable care solutions in the hospitals. This results the hospitals to incur extra costs, which may hamper the market growth in the forthcoming years.
Opportunity
Adoption of the latest technologies in the accountable care solutions
The introduction of various technologies like artificial intelligence, big data analytics, internet of medical things, internet, and cloud computing is expected to offer various growth avenues to the market players. The integration of these technologies may significantly automate the process and increase efficiency and reduce the operational costs.
Challenges
High cost of the accountable care solutions
The acquisition of the accountable care solutions is an expensive affair. The small and medium size hospitals and clinics faces financial restrictions in the adoption of the accountable care solutions that may restrict the growth of the accountable care solutions market in the upcoming years.
Read Also: Drug Discovery Services Market May See a Big Move In The Coming Future
Regional Snapshot
North America dominated the global accountable care solutions market in 2020. This is attributed to the increased government and corporate investments in the digitalization of the hospitals in the region has facilitated the growth of the market. The rising burden of diseases and presence of elderly population in US has resulted in the increased number of hospital admissions.
According to the Population Reference Bureau, the number of people aged 65 years and above is expected to reach at 95 million in US by 2060.The healthcare providers and payers need to properly store and maintain data regarding the patients, reimbursements, and payments, which fuels the demand for the accountable care solutions across the region. Moreover, the favorable reimbursement policies has favored the market growth.
On the other hand, Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rising government initiatives to automate and digitalize the hospitals and the development of favorable regulatory framework that favors the adoption of accountable care solutions is expected to drive the growth of the Asia Pacific accountable care solutions market. The increasing prevalence of chronic diseases, rising penetration of the health insurances, and growing demand for the automated technologies in the hospitals are the most prominent drivers of the accountable care solutions market.
Some of the prominent players in the global accountable care solutions market include:
- Cerner Corporation
- IBM Corporation
- Aetna, Inc.
- Mckesson Corporation
- Allscripts Healthcare Solutions, Inc.
- UnitedHealth Group
- EPIC Systems Corporation
- Verisk Health, Inc.
- Zeomega Inc.
- Eclinicalworks, LLC.
Segments Covered in the Report
By Product
- Healthcare Payer Solutions
- Payment Management Solutions
- Claim Management Solutions
- Provider Network Management Solutions
- Others
- Healthcare Provider Solutions
- EHR
- Healthcare Analytics
- Healthcare Information Exchange
- Population Health Management
- Revenue Cycle Management
- Care Management Solutions
- Patient Engagement Solutions
- Others
- Services
- Consulting
- Implementation
- Education
- Support and Maintenance
By End User
- Payer
- Provider
By Delivery Mode
- Cloud & Web-based
- On-premise
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Why should you invest in this report?
If you are aiming to enter the global accountable care solutions market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for accountable care solutions are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Accountable Care Solutions Market
5.1. COVID-19 Landscape: Accountable Care Solutions Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Accountable Care Solutions Market, By Product
8.1. Accountable Care Solutions Market, by Product Type, 2021-2030
8.1.1. Healthcare Payer Solutions
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Healthcare Provider Solutions
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Services
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Accountable Care Solutions Market, By End User
9.1. Accountable Care Solutions Market, by End User, 2021-2030
9.1.1. Payer
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Provider
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Accountable Care Solutions Market, By Delivery Mode
10.1. Accountable Care Solutions Market, by Delivery Mode, 2021-2030
10.1.1. Cloud & Web-based
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. On-premise
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Accountable Care Solutions Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by End User (2019-2030)
11.1.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.4.2. Market Revenue and Forecast, by End User (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by End User (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by End User (2019-2030)
11.2.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.4.2. Market Revenue and Forecast, by End User (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by End User (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by End User (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by End User (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by End User (2019-2030)
11.3.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.4.2. Market Revenue and Forecast, by End User (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by End User (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by End User (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by End User (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by End User (2019-2030)
11.4.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.4.2. Market Revenue and Forecast, by End User (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by End User (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by End User (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by End User (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by End User (2019-2030)
11.5.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.4.2. Market Revenue and Forecast, by End User (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by End User (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Delivery Mode (2019-2030)
Chapter 12. Company Profiles
12.1. Cerner Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. IBM Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Aetna, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Mckesson Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Allscripts Healthcare Solutions, Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. UnitedHealth Group
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. EPIC Systems Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Verisk Health, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Zeomega Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Eclinicalworks, LLC.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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