Accountable Care Solutions Market

Market Synopsis:

The Global Accountable Care Solutions Market is valued at USD 19.75 Million in the year 2022 and is forecasted to reach a value of USD 65.65 Million by the year 2030. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 16.20% over the forecast period.

Accountable Care Solutions help in obtaining electronic health record (EHR) data and letting healthcare practitioners to use their present systems and procedures. The Accountable Care Solutions Market is likely to benefit from a rise in the number of ACOs providing high-quality care at a lower cost. The bulk of healthcare providers and payers are migrating from volume to value-based treatment, which has resulted in significant changes in healthcare payment models. The key driver of the Global Accountable Care Solutions Market is the increasing adoption of digital and sophisticated technologies across the global healthcare industry because of increased demand to provide efficient and cost-effective care.

Furthermore, the integration of information technology with the modern healthcare sector is transforming how the industry operates. The Accountable Care Solutions assist healthcare organizations in improving care quality, increasing cost-effectiveness, and improving the safety of care delivery systems. The use of various responsible care products and services can improve communication and coordination between patients and providers. Also, the growing number of governments attempts to digitalize and equip hospitals with new technologies has strengthened the global demand for responsible carte solutions.

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Even though several value-based care delivery models are now being adopted by stakeholders, accountable care has shown to be the most effective technique to date. The government's support of healthcare professionals and patients to use eHealth platforms is projected to boost market growth. The growing need for responsible care solutions is being fueled by increased investments in the development of smart hospitals in various nations.

Market Segmentation:

The Accountable Care Solutions Market is segmented based on Product & Service, Delivery Mode, End Users and Region. Based on Product & Service, the market is further sub-segmented as Healthcare Provider Solutions, Healthcare Payer Solutions and Services. Based on Delivery Mode, market is further sub-segmented as Web & Cloud-Based Delivery Mode and On-Premises Delivery Mode. Based on End Users, the market is sub segmented as Healthcare Providers and Healthcare Payer.

Based on Product & Service:

Based on Product & Service, the market is further sub-segmented as Healthcare Provider Solutions, Healthcare Payer Solutions and Services. The Healthcare Provider Solutions holds the largest share in the market during the forecast period. The rising demand for various provider solutions such as Electronic Health Records, Healthcare Analytics, Care Management Solutions, and Patient Engagement Tools might be attributable to this. Furthermore, increased government and business investments in digitalizing hospitals have supported this segment's growth in recent years. The growing number of patients and hospital admissions around the world is expected to fuel this segment's growth.

Based on Delivery Mode:

Based on Delivery Mode, the market is sub segmented as Web & Cloud-Based Delivery Mode and On-Premises Delivery Mode. The Web & Cloud-Based Delivery Mode segment is anticipated to grow at the highest rate during the forecast period. The rise of this category has been fueled by the rising demand for cloud and web-based technologies among hospitals, owing to many benefits such as affordability, easy data storage, data transfer, easy access to data, and easy data management.

North America is Projected to Grow at the Highest CAGR During the Forecast Period

North America is accounted to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. The market has grown due to the rising usage of automation and advanced digital solutions across healthcare units in North America. Increased disease burdens, a growing senior population, and rising healthcare costs, combined with a growing demand for efficient and high-quality care services, have fueled demand for Accountable Care Solutions in North America. Asia Pacific is expected to be the fastest expanding market. A huge population, a growth in the number of older persons, and rising government investment in improved health infrastructure development characterize Asia Pacific.

Competitive Landscape:

The key players in the Global Accountable Care Solutions Market include- Cerner Corporation (US), IBM Corporation (US), UnitedHealth Group (US), Aetna Inc. (US), Allscripts Healthcare Solutions Inc. (US), Epic Systems Corporation (US), McKesson Corporation (US), Verisk Health (US), ZeOmega Inc. (US), eClinicalWorks Inc. (US), NextGen Healthcare (US) and others.

Segmentation of the Global Accountable Care Solutions Market: