NEW YORK, Nov. 21, 2016 /PRNewswire/ -- The accountable care solutions market is expected to grow at a lucrative CAGR of 16.6% from 2016 to 2021, to reach USD 18.86 billion by 2021 from USD 8.76 billion in 2016. Market growth can be attributed to the growing need to adhere to regulatory guidelines, government initiatives for eHealth, high return on investment (ROI), and rising needs to curtail escalating healthcare costs. On the other hand, lack of in-house IT domain knowledge and reluctance among end users to adopt new methods are expected to restrain the overall market growth to a certain extent during the forecast period.
In 2015, the healthcare provider solutions segment accounted for the largest share of the accountable care solutions market, by product & service. The large share of this segment can primarily be attributed to the rising adoption of EHR systems, the increasing demand for improved patient safety and patient care, stringent regulations regarding healthcare provider solutions, and need for integrated healthcare systems. The web & cloud based segment accounted for the largest share of accountable care solutions market, by delivery mode. The ability to quickly access computing and storage resources when needed without the requirement for a large technical staff, is a key factor driving the uptake of web & cloud-based accountable care solutions. The healthcare providers segment accounted for the largest share of accountable care solutions market, by end user. This large share for healthcare providers is due to 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.
Geographically, North America is the major market for accountable care solutions, accounting for ~70% the global market share, followed by Europe and Asia-Pacific. However, Asia-Pacific and Latin America possess lucrative growth potential for the accountable care solutions market during the forecast period. This is mainly attributed to the extensive customer base in these regions due to large base of aging population, rising prevalence of various disorders increasing government initiatives for eHealth, rising medical tourism, and growing demand for quality healthcare in this region. Most of the accountable care solutions products and services in these regions will be driven by developing countries such as India, China, South Korea, Singapore, Brazil, and Mexico.
The accountable care solutions market is fragmented in nature with the presence of many small and big firms. The major players in the accountable care solutions market include Cerner Corporation (U.S.), IBM Corporation (U.S.), UnitedHealth Group (U.S.), Aetna, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Epic Systems Corporation (U.S.), Mckesson Corporation (U.S.), Verisk Health (U.S.), Zeomega, Inc. (U.S.), eClinicalWorks, Inc. (U.S.) and NextGen Healthcare (U.S.).
The accountable care solutions market in this report is segmented by product and service, delivery mode, end users, and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges). The study tracks and analyzes competitive developments such as partnerships, agreements, collaborations, alliances, mergers and acquisitions, new product developments, geographical expansions, and research and development activities and strategically profiles the key players and comprehensively analyze their market shares and core competencies in the accountable care solutions market
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the accountable care solutions market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on accountable care solutions offered by the top players in the global accountable care solutions market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the accountable care solutions market
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for accountable care solutions across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global accountable care solutions market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global accountable care solutions market
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