Patient Case Management Software Market is Growing at a CAGR of 10.0% from 2017 to 2025
According to a new report from Research N Reports, the global patient case management software market stood at $930.7 million in 2016 and is anticipated to reach almost $2.2 billion by the year 2025. This typically web-based software is used in hospitals, clinics, and other medical settings to assist in scheduling, progress notes, treatment planning, and billing. Owing to a rising demand for patient case management software, the global market is expected to grow at a fast pace in the near future.
The market is enhanced by factors including increasingly affordable computing infrastructure, a shift toward patient-centric care, and growing integration of hospitals.
Based on product segmentation, the integrated software segment is expected to account for the largest share of the global patient case management software market, and the stand-alone software segment is expected to grow at the highest CAGR during the forecast period. However, on the basis of mode of delivery, the cloud-based segment is assumed to grow at a higher rate due to scalabiity, flexibility, and affordability. The low total cost of deployment and faster implementation process are major contributors to the segment’s growth.
Hospitals are expected to register the highest CAGR over the forecast period due to the greater use of patient case management software in hospitals and high patient inflow.
Geographically, North America is anticipated to dominate the market, with companies such as Evariant, Athena Software, HelathStream, and Bridge Patient Portal highlighted as significant players in the global patient care software arena.
Evariant, a McKesson Ventures portfolio company, is a healthcare CRM platform for health systems based on a centralized healthcare data hub, analytics, and communication engine capable of identifying, executing, and measuring all types of engagement initiatives.