U.S. Complex & Chronic Condition Management Market Size US$ 8.7 Bn by 2027

The U.S. complex & chronic condition management market size is estimated to grow US$ 8.7 billion by 2027 and expanding growth at a CAGR of 18% from 2021 to 2027.

The rise in digitalization had significant impact on the growth of U.S. complex and chronic condition management market. The use of smartphones and personal computers have increased over the period of time. Around 288.1 million people use internet in U.S. During 2020, the telehealth apps downloads increased around 42% in the U.S. One of the telehealth application known as SimplePractice saw a significant growth in the U.S. The application downloads increased over 40% in 2020. Thus, the applications play vital role in the value chain of complex and chronic condition management market.

The patients and healthcare service providers are connected with each other with the help of healthcare applications. As a result, the device providers, applications, orange platform, and connectivity are important components of U.S. complex and chronic condition management value chain. Furthermore, the increased prevalence of chronic diseases in US has positively impacted the market growth. It is also estimated that more than half of the people are suffering from one or more chronic diseases.

Get the sample copy of report@ https://www.precedenceresearch.com/sample/1455

The high healthcare expenditure and favorable reimbursement policies pertaining to the telehealth services has propelled the growth of the U.S. complex & chronic condition management market.The emergence and rapid growth of the telehealth in US has resulted in an increased awareness regarding the various services provided by the telehealth platforms. The growing awareness regarding telehealth among the consumers is boosting the adoption of the complex and chronic condition management solutions. The increased prevalence of various chronic diseases and rapidly growing geriatric population in US is fueling the demand for the chronic condition management services.

Report Highlights:

• By disease type, the cardiovascular diseases segment dominated the U.S. complex & chronic condition management market in 2020, accounting for a market share of 28.6%. Cardiovascular diseases are the leading cause of death and disability in the US. According to the CDC, the cardiovascular diseases are the major cause behind the death of about 33.33% people in the US. The cardiovascular diseases costs around US$ 214 billion per year to the healthcare system of the country. The pre-mature death in US due to the cardiovascular diseases accounts for around US$ 138 billion loss in productivity each year.

• By service, the education services are anticipated to grow at the highest rate. The education services are gaining a rapid traction as the consumers are inclining towards learning self-management of chronic conditions.

Ask here for customization@ https://www.precedenceresearch.com/customization/1455

Future of U.S. Complex & Chronic Condition Management Market

The trend of the telehealth services is expected to continue over the forecast period in U.S. The increased demand for the digital technologies and the integration of novel technologies like artificial intelligence, wireless connectivity, cloud computing, and data analytics in the telehealth is expected to offer numerous growth opportunities to the market players in the forthcoming period.

COVID-19 Impact Analysis:

• The outbreak of the COVID-19 pandemic has resulted in increased demand for the education services. The patients for whom the self-care and self-management is necessary for the maintaining their health conditions, are significantly opting for the complex and chronic condition management services to get the education services from the healthcare professionals.

• The COVID-19 resulted in the increased adoption of the telehealth services owing to the lockdown restrictions and the huge number of hospital admissions due to the rapid spread of the COVIUD-19 disease.

• The remote care facilities offered by the telehealth became a boon for the patients during the pandemic. It allowed the healthcare professionals at a distant location to serve the patients with necessary guidance and helped to prevent negative consequences by providing timely patient care. The telehealth had simplified the delivery of the patient care services and eliminated the complex navigation of the hospitals faced by the patients earlier.

Key Developments in the Marketplace:

• In 2021, ScienceSoft opened its new office in Atlanta, GA. It is 7th ScienceSoft office globally.
• Siemens Healthineersentered into a partnership with Prisma Health for 10 years. This aimed to develop and enhance healthcare services for patientsat South Carolina.
• Royal Philips announced a strategic collaboration with Akumin Inc. that aimed at deploying Philips’ Radiology Operations Command Center across the outpatient imaging centers of Akumin, Inc.
• Royal Philips announced a strategic collaboration with Ibex Medical Analyticsto promote together their AI solutions and digital pathology to, health networks,hospitals, and pathology labs worldwide.

Some of the prominent players in the global US complex & chronic condition management market include:

• 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

Segments Covered in the Report

By Disease Type

• Cardiovascular Diseases
• Oncology
• Musculoskeletal
• Women’s Health/Fertility/Maternity
• Chronic Obstructive Pulmonary Disease
• Others

By Service

• Consulting Service
• Implementation Service
• Education Service
• Others

Click Here to View Full Report Table of Contents

Buy this Research Report@ https://www.precedenceresearch.com/checkout/1455

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333