US Complex And Chronic Condition Management Market Primed for Growth Backed by Rising Prevalence of Chronic Diseases

The US complex and chronic condition management market is anticipated to witness high growth owing to rising prevalence of chronic diseases. Complex and chronic conditions require continuous care of various health providers including primary physicians, nurses, specialists and ancillary providers over a period of time. The integrated care delivery models adopted under the complex and chronic condition management aims at delivering seamless, high-quality and cost-effective care to patients. The chronic condition management involves coordination of all aspects of patient health with risk stratification, clinical information exchanges among providers and self-management support.

The Global complex and chronic condition management market is estimated to be valued at US$ 52.2 Billion in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the US Complex and Chronic Condition Management are Medtronic plc., AllScripts, Siemens Healthineers, Koninklijke Philips N.V., Pegasystems, Inc., Cognizant TriZetto Software Group Inc., IBM Corporation, ScienceSoft USA, MINES & Associates, Inc., Healthcare at Home, Mediware Information Systems, Humana, Centene Corporation, Kaiser Permanente, WellCare Health Plans, Inc.

Us Complex and Chronic Condition Management Market Demand is driven by the growing geriatric population prone to chronic diseases, the rising need for cost-effective healthcare, and large healthcare companies seeking global expansion through acquisitions to strengthen their market positions.

Market Drivers

Increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, cancer and respiratory diseases is a major factor driving growth of the complex and chronic condition management market. According to Centers for Disease Control and Prevention, in 2017 around 60% of American adults suffered from at least one chronic medical condition and 40% had more than one chronic illness. The rising disease burden requires efficient care management to improve health outcomes and lower healthcare spending.

Market Restraints

High costs involved in deploying condition management programs is a key challenge for widespread adoption. Concerns around data privacy, security and integration of disparate healthcare IT systems can also negatively impact the market growth. Limited access to condition management services in rural areas remains another bottleneck that needs to be addressed.

Segment Analysis

Chronic disease management segment dominates the US complex and chronic condition management market as more number of people in the US are diagnosed with chronic diseases like diabetes, heart diseases, cancer etc. Continuous monitoring of health condition is required for chronic disease patients which drives the growth of this segment. Disease management further segmented into heart disease, diabetes, asthma & COPD, obesity, and other diseases. Among them heart disease segment holds highest share as heart diseases are major cause of death in the US. By medical condition, multimorbidity management accounts for largest revenue share as large chunk of population suffers from multiple chronic conditions in the country.

Global Analysis

Regionally, South region generates highest revenue in the US complex and chronic condition management market followed by West, Midwest, and Northeast. Higher prevalence of obesity, diabetes and other chronic diseases in states like Alabama, Oklahoma etc. drives the market in South region. Additionally, presence of leading companies providing disease management services also contributes to regional market growth. In terms of revenue, California, Texas, Florida are major revenue generating states in the country. The region is expected to continue dominating in the forecast period as well owing to increasing healthcare expenditure. Adoption of advanced technologies by condition management service providers assist faster market growth in the West region.

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