Accountable Care Solutions Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product & Services, Deployment (On-premise and Web & Cloud-Based), End User and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >15 %

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Market Overview

Patient-centered care ensure that the patients are part of decision-making along with other stakeholders involved in care. Technologies are built for transfer of personalized data and interactions prompted by the patient and managed by both the patient and provider. The government makes payments to healthcare providers is based on the healthcare outcome to improve quality, reduce costs and safety. The advanced technology and infrastructure support built around the healthcare for seamless transfer of data is helpful in taking quick decision making and reduce the costs. The patient-centric care allows to identify the underlying driving costs of each of the allocated resources.

Big data is considered as the fast-emerging topic in the analytics. The demand for big data analytics integrates most recent innovation in machine learning, logical methodologies, computational intelligence and data mining. Many of the healthcare experts including payers, providers are now starting to analyze big data to obtain detail knowledge. These efforts would collectively help to tackle the industry related problems regarding inconsistency in healthcare quality and escalating healthcare expenditures. The improvement in the quality of people's daily health and life activities as well as big data analytics to support and promote such research activities are some of the factors driving the market growth.

Scope of the Report

Accountable care solutions are required to improve health care facilities given to patients and limit rising costs for medical expenses. The market is categorized on the basis of product & services, deployment, and end-user.

By Product & Services
Electronic Health/Medical Records
Healthcare Analytics
Revenue Cycle Management Solutions (RCM)
Claims Management Solutions
Payment Management Solutions
Support and Maintenance Services
Others
By Deployment
On-premise
Web & Cloud-Based
By End User
Healthcare Providers
Healthcare Payers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Cloud Based Segment is Expected to Show Better Growth in the Forecast Years

Based on the deployment, it is segmented into on-premise and cloud-based. The cloud-based segment is expected to show better growth during the forecast period, owing to the increasing adoption of cloud platforms. The market is driven by the rising application of cloud analytics as it allows organizations to incorporate data from all sources. The accountable care organizations were set up in an attempt to improve care and reduce growing costs.

In addition, the rising demand for healthcare analytics and electronic health record in healthcare and cloud computing acceptance across various industries is expected to have a positive effect on the accountable care solutions market.

Accountable Care Solutions Market 1

North America Dominates the Accountable Care Solutions Market

The healthcare infrastructure in the North America region is expected to reflect positive trends in the market, owing to factors such as technological advancements, high requirement of management of big data generated from hospitals and other healthcare facilities. In United States the government wants all the hospitals to adopt an accountable care model which helps aligning all the physicians across care settings. With this model, care can be provided in a cost-efficient manner and improve population health.

Furthermore, the growing popularity of software in the management of data reduces the manpower leading to increased adoption of accountable care solutions. Hence, the rising demand of advanced technologies across various verticals is expected to enhance the growth of the studied market.

Accountable Care Solutions Market 2

Competitive Landscape

The global players in the accountable care solutions market are – Allscripts Healthcare Solutions, Athenahealth Inc., Cerner Corporation, Constellation Software, Eclinicalworks, LLC, Epic Systems Corporation, Mckesson Corporation, UnitedHealth Group Incorporated, Verisk Analytics, Inc and ZeOmega, Inc. The companies in this market are adopting various strategies such as partnerships, collaboration, mergers and acquisitions, expansion and product deployment to proliferate their share and create a strong position in the global market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Emergence of Big Data in Healthcare

      2. 4.2.2 Government Regulations and Initiatives to Promote Patient-Centric Care

      3. 4.2.3 Increasing Demand to Curtail Healthcare Costs

    3. 4.3 Market Restraints

      1. 4.3.1 Data Security and Privacy Concerns

      2. 4.3.2 High Investments Required for Supporting Infrastructure

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product & Services

      1. 5.1.1 Electronic Health/Medical Records

      2. 5.1.2 Healthcare Analytics

      3. 5.1.3 Revenue Cycle Management Solutions (RCM)

      4. 5.1.4 Claims Management Solutions

      5. 5.1.5 Payment Management Solutions

      6. 5.1.6 Support and Maintenance Services

      7. 5.1.7 Others

    2. 5.2 By Deployment

      1. 5.2.1 On-premise

      2. 5.2.2 Web & Cloud-Based

    3. 5.3 By End User

      1. 5.3.1 Healthcare Providers

      2. 5.3.2 Healthcare Payers

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Allscripts Healthcare Solutions

      2. 6.1.2 Athenahealth Inc.

      3. 6.1.3 Cerner Corporation

      4. 6.1.4 Constellation Software

      5. 6.1.5 Eclinicalworks, LLC

      6. 6.1.6 Epic Systems Corporation

      7. 6.1.7 Mckesson Corporation

      8. 6.1.8 UnitedHealth Group Incorporated

      9. 6.1.9 Verisk Analytics, Inc

      10. 6.1.10 ZeOmega, Inc

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Accountable Care Solutions Market market is studied from 2018 - 2026.

The Accountable Care Solutions Market is growing at a CAGR of >15% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Allscripts Healthcare Solutions, Athenahealth Inc., Cerner Corporation, Mckesson Corporation, UnitedHealth Group Incorporated are the major companies operating in Accountable Care Solutions Market.

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