Accountable Care Solutions Market (By Product: Healthcare Payer Solutions, Healthcare Provider Solutions, and Services; By End User: Payers and Providers; By Delivery Mode: Cloud & Web-based and On-premise) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030


The global accountable care solutions market was estimated at USD 19.8 billion in 2020 and is expected to hit over USD 45.6 billion by 2030, poised to grow at a notable CAGR of 8.7% from 2021 to 2030.

Accountable Care Solutions Market Size 2020 to 2030

Growth Factors

The growing adoption of digital and advanced technologies across the global healthcare industry owing to the increased pressure to provide efficient and cost-effective care is the primary driver of the global accountable care services market. The integration of the information technology with the modern healthcare sector is changing the way the healthcare sector operates. The accountable care solutions helps the healthcare units to improve quality of care, increases cost-effectiveness, and enhances the safety of care delivery systems. The adoption of various accountable care products and services can enhance the patient-provider communication and co-ordination. The increasing government initiatives to digitalize and equip the hospitals with advanced technologies have boosted the growth of the accountable carte solutions market across the globe. The rising government focus towards the promotion of patient-centric care, growing demand for controlling healthcare costs, integration of advanced technologies, growing geriatric population, and rising prevalence of chronic diseases are some of the most significant factors that are estimated to drive the growth of the global accountable care solutions market during the forecast period.

The latest technologies such as internet of things, big data, internet, cloud computing, and artificial intelligence are expected to transform the healthcare industry in the foreseeable future. The growing number of patients and rising number of hospital admissions is creating a pressure on the healthcare sector to provide effective and quick healthcare services for the smooth functioning. Therefore, the effective co-ordination and communication and the automation of the healthcare system is expected to have an exponential impact on the growth of the accountable care solutions market in the upcoming years. The government support for the adoption of eHealth platforms amongst the healthcare providers and patients is expected to augment the market growth. The rising investments across various countries in the development of smart hospitals are boosting the demand for the accountable care solutions. The rising demand for the personalized medicines and personalized care is another factor that spurs the demand for the accountable care solutions. Moreover, the improving access to the healthcare facilities in the developing nations will have a positive impact on the growth of the global accountable care solutions market.

Scope of the Accountable Care Solutions Market

Report Coverage Details
Market Size US$ 45.6 Billion by 2030
Growth Rate CAGR of 8.7% from 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Route of Administration, End User, Application, Region
Companies Mentioned Cerner Corporation, IBM Corporation, Aetna, Inc., Mckesson Corporation, Allscripts Healthcare Solutions, Inc., UnitedHealth Group, EPIC Systems Corporation, Verisk Health, Inc., Zeomega Inc., Eclinicalworks, LLC.

 

Product Insights

Based on the product, the healthcare provider solutions segment dominated the global accountable care solutions market in 2020. This is attributed to the increased demand for the various provider solutions such as electronic health records, healthcare analytics, care management solutions, and patient engagement solutions. Moreover, the rising government and corporate investments in digitalizing the hospitals has fueled the growth of this segment in the past few years. The rising number of patients and hospital admissions across the globe is expected to further drive the growth of this segment in the forthcoming years.

On the other hand, the services are estimated to be the most opportunistic segment during the forecast period. This is attributable to the increased adoption of the telehealth and telemedicine platforms amongst the patients and the healthcare professionals for the convenient consulting and education services. Moreover, the implementation services have gained rapid traction across the developed nation which is expected to contribute towards the market growth.

End User Insights

The provider segment dominated the global accountable care solutions market in 2020. The increased government initiative to promote the adoption of the electronic healthcare records and patient-centric solutions in the hospitals and clinics has boosted the growth of the healthcare providers segment in the accountable care solutions market. The growing number of hospitals and clinics across the globe is further expected to contribute towards the growth of this segment.

The payers are expected to be the fastest-growing segment during the forecast period. The favorable government policies regarding the reimbursements are encouraging the payers to adopt the accountable solutions to efficiently handle various activities such as claim settlements and timely payment of premium.

Delivery Mode Insights

The cloud & web-based segment dominated the global accountable care solutions market in 2020. The increased demand for the cloud and web-based technologies among the hospitals owing to various benefits such as affordability, easy data storage, data transfer, easy access to data, and easy data management has fostered the growth of this segment.

Region Insights

North America dominated the global accountable care solutions market in 2020. The increased adoption rate of the automation and advanced digital solutions across the healthcare units in North America has led to the market growth. The increased burden of diseases, increasing geriatric population, and increased healthcare expenditure couple with the increased demand for the efficient and quality care services has fostered the demand for the accountable care solutions in North America. According to the Population Reference Bureau, the number of people aged 65 years and above is expected to reach at 95 million in US by 2060. Moreover, the government’s regulatory framework pertaining to the adoption of the telehealth has facilitated the growth of the accountable care solutions market in North America.

Asia Pacific is estimated to be the fastest-growing market during the forecast period. Asia Pacific is characterized by the presence of huge population, growing geriatric population, increasing government investments in the development of advanced healthcare infrastructure, rising adoption of eHealth platforms, and rising healthcare spending by the consumers are the most prominent factors that drives the growth of the Asia Pacific accountable care solutions market. The growing investments in the development of the IT and telecommunications infrastructure will significantly impact the growth of the market in the forthcoming years. The promotional activities by the government in nations like India to adopt the digital technologies are expected to spur the adoption of the eHealth platforms among the people and the healthcare providers.

Key Market Developments

  • In November 2019, NextGen Healthcare acquires the Medfusion with an aim to strengthen its portfolio and enhance its care services in an ambulatory setting.

The accountable care solutions market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.

Some of the prominent players in the global accountable care solutions market include:

  • Cerner Corporation
  • IBM Corporation
  • Aetna, Inc.
  • Mckesson Corporation
  • Allscripts Healthcare Solutions, Inc.
  • UnitedHealth Group
  • EPIC Systems Corporation
  • Verisk Health, Inc.
  • Zeomega Inc.
  • Eclinicalworks, LLC.

Segments Covered in the Report

By Product

  • Healthcare Payer Solutions
    • Payment Management Solutions
    • Claim Management Solutions
    • Provider Network Management Solutions
    • Others
  • Healthcare Provider Solutions
    • EHR
    • Healthcare Analytics
    • Healthcare Information Exchange
    • Population Health Management
    • Revenue Cycle Management
    • Care Management Solutions
    • Patient Engagement Solutions
    • Others
  • Services
    • Consulting
    • Implementation
    • Education
    • Support and Maintenance

By End User

  • Payer
  • Provider

By Delivery Mode

  • Cloud & Web-based
  • On-premise

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current size of accountable care solutions market?
The global accountable care solutions market size was reached at USD 19.8 billion in 2020 and is projected to surpass USD 45.6 billion by 2030.
The global accountable care solutions market is growing at a CAGR of 8.7% from 2021 to 2030.
The rapidly rising prevalence of various chronic diseases and growing geriatric population across the globe is resulting in the increased number of hospital admissions.
The major players operating in the accountable care solutions market are Cerner Corporation, IBM Corporation, Aetna, Inc., Mckesson Corporation, Allscripts Healthcare Solutions, Inc., UnitedHealth Group, EPIC Systems Corporation, Verisk Health, Inc., Zeomega Inc., Eclinicalworks, LLC.
  • Report Code:1528
  • Category:Healthcare
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Status:Published

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