Accountable Care Solutions Market expected to show steady growth by 2024

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Global Accountable Care Solutions Market: Overview

Accountable care solutions are established to improve health care facilities delivered to patients and limit rising cost for medical expenses. The government is taking part to enhance healthcare operations, build full facilitated hospitals for customers, and is also planning to implement eHealth. Accountable care solutions provide easy access to the customer with better convenience. Many financial services providers also assist in order to get easy finance and high return on investment (ROI) bringing more customer pool.

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Major driving factors for accountable care solutions market growth are the government initiatives for eHealth, limiting rising medical expenses, and setting up strict regulations. This is anticipated to boost the globally accountable care solutions market growth in the near future. In addition, high return on investment (ROI) and easy finance are also expected to fuel the global market in future. Convenience and better quality of services are provided by such accountable care solutions impacting the global market in a positive way. Conversely, lack of IT domain knowledge, unwillingness to adopt new technology and skilled workforce are needed for the fast operation which may hinder the globally accountable care solutions market growth to some extent.

The globally accountable care solutions market is categorized on the basis of end-user as payer and provider. The global market on the basis of product & service is divided as population health, healthcare analytics, care management, RCM, Claims Management, HIE, EHR, and CDSS. The healthcare analytics contributes for the largest market chunk in the global market. However, HER is another growing end-user segment witnessing high demand. Furthermore, the global market is bifurcated on the basis of delivery mode as web & cloud and on-premise. Of these, web & cloud is the leading product & service segment in the globally accountable care solutions market. It is able to store large data and provides quick access, hence is broadly preferred by customers.

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North America contributed the largest market share in the globally accountable care solutions market. This trend is followed by Europe owing to lucrative growth opportunities for the accountable care solutions market. Europe is emerging as the leading niche market due to the extensive customer base, which is anticipated to fuel the market growth in the near future. However, growth in Asia Pacific is mainly owing to government initiative for medical tourism, eHealth, and quality healthcare infrastructure.

Market by Competitive Players:  Major players in the globally accountable care solutions market are Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., UnitedHealth Group, Aetna, Inc., and IBM Corporation. Others key players influencing the global market are eClinical Works, Inc., Mckesson Corporation, NextGen Healthcare, Zeomega, Inc., and Verisk Health. Major players in the global market focus on improving their market presence by adopting new innovations and strategies. For example, MedeAnalytics, a leading provider of healthcare performance management solutions, declared the launch of Accountable Care Solution for payer organizations and healthcare provider. This new solution highlights the need of ACOs, as elucidated in the Medicare Shared Savings Program, Section 3022 (Patient Protection and Affordable Care Act).

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Accountable Care Solutions Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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