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Market Dynamics:
Factors such as the implementation of initiatives to shift the burden of risk from payers to providers, legislations and initiatives to promote ‘patient-centeredness’ in healthcare, rising geriatric population coupled with the burden of chronic diseases, need to reduce healthcare costs, growth in the medical tourism sector, and advancing IT and big data capabilities are driving the growth of the market.
However, inadequate patient engagement, reluctance among providers to adopt care management solutions, requirement of infrastructural investments, low usage of the internet and HCIT solutions, data security concerns related to cloud-based solutions, and a lack of interoperability are expected to restrain market growth.
Geographically, the care management solutions market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
North America is expected to account for the largest share of the market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). However, the European region is expected to grow at the highest CAGR during the forecast period.
Allscripts Healthcare Solutions, Inc. (U.S.), TriZetto Corporation (U.S.), Phytel Inc. (U.S.), EXL Healthcare (U.S.), AxisPoint Health (U.S.), Wellcentive, Inc. (U.S.), Medecision, Inc. (U.S.), ZeOmega Inc. (U.S.), i2i Systems, Inc. (U.S.), HealthSmart Holdings, Inc. (U.S.), Pegasystems Inc. (U.S.), Epic Corporation Inc. (U.S.), and Harmony Information Systems, Inc. (U.S.) are some of the key players in the care management solutions market.
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