textanalyse
CancerHealth and FitnessMedical

Chronic Disease Management Market to Reach USD 20.64 billion by 2029

An integrated approach to care called chronic disease management involves patient education, screenings, checkups, monitoring, and therapy coordination. It can lower healthcare expenses while raising life quality. Generally speaking, a chronic disease is a condition that lasts for a year or more, necessitates continuing medical care, and/or restricts a person’s everyday activities. Heart disease, hypertension (high blood pressure), chronic respiratory diseases, diabetes, asthma, stroke, cancer, and other ailments are some of the most prevalent chronic illnesses. Behavioral risk factors and metabolic risk factors are the two primary risk factors connected to chronic illness. The metabolic risk factors are obesity, hyperglycemia, hyperlipidemia, and the use of cigarettes, alcohol, being physically inactive, eating poorly, and other risky behaviors.

key factors

The increase in the elderly population and the rise in the incidence of numerous chronic illnesses, such as cancer and others, are the main drivers of the chronic disease management market‘s expansion. For instance, according to NCBI, 43% of all illnesses and 60% of all deaths worldwide are caused by chronic conditions.

Additionally, non-communicable diseases (NCDs) impact people across all age categories, geographical areas, and nations, according to the WHO. As well as the growth of the Chronic Illness Management Market is driven by the rise in popularity of chronic disease management as a result of the integration of IT solutions. Additionally, a rise in strategic actions by top companies, such as mergers, partnerships, and acquisitions, are the primary drivers of the Chronic Disease Management Market.

However, it is anticipated that over the forecast period, a lack of educated workers with cross-functional abilities and a shortage of competent experts would restrain the expansion of the chronic illness management market.

Major determinants of the market growth

Global chronic disease management market growth has been aided by the rise in the elderly population, rise in the prevalence of chronic diseases like cancer and diabetes, and popularity of chronic disease management due to the integration of IT solutions. However, a lack of qualified labor and competent specialists restrains industry expansion. On the other hand, an increase in strategic actions by top market participants, such as mergers, acquisitions, and partnerships, would provide new opportunities in the future.

Covid-19 scenario: Chronic Disease Management Market

 

  • Due to the increased frequency of Covid-19 and the resulting increase in demand for precise diagnostic and treatment tools, the Covid-19 pandemic had a favourable impact on the market.
  • Solutions for managing chronic diseases are highly beneficial because they let healthcare practitioners combine HER, care management, patient management, and healthcare payer solutions.
  • The need for electronic data sharing and claim management surged as a result of the rigorous lockout requirements.
  • The coronavirus’s challenges, including dwindling personal protective equipment (PPE), increasing ICU capacity, and the effects of fewer elective operations, have compelled health systems to concentrate on them as a result of the epidemic. These difficulties were mostly brought on by COVID-19, which presented an unprecedented job for which a large portion of the industry was unprepared. Healthcare organisations are under tremendous strain as a result of COVID-19’s proliferation. Clinicians’ adoption of electronic health records has been crucial in removing that barrier.
  • The usage of telehealth has skyrocketed as a result of hospital congestion and the crucial requirement for social distance to aid in preventing the virus’s transmission. Hospital congestion has been further reduced thanks to telehealth services delivered through patient portals. The COVID-19 epidemic has also increased the use of a number of digital platforms that help people have better access to medical care, which might be advantageous for the care management industry and boost demand for chronic illness management solutions.

Specific Requirement on COVID-19? Ask to Our Industry Expert:

https://www.databridgemarketresearch.com/reports/global-chronic-disease-management-market

Analysis and Size: Chronic Disease Management Market

Chronic diseases are the main killers and disablers on a global scale. According to the WHO’s 2010 Worldwide Status Report on Noncommunicable Illnesses, chronic diseases cause over 60% of global deaths and 43% of disease burden. Long-term progressive illnesses known as chronic diseases are among the most expensive and prevalent healthcare issues in the world. A type of digital healthcare service called chronic disease management helps healthcare professionals execute patient- and illness-specific treatment options and regimens as well as educate their patients. These services were created especially to aid in managing chronic diseases and reducing their severity.

The chronic illness management market was estimated to be worth USD 6.17 billion in 2021 and is anticipated to grow to USD 20.64 billion by 2029, recording a CAGR of 16.3% from 2022 to 2029, according to Data Bridge Market Research. The Data Bridge Market Research team’s thorough expert research, patient epidemiology, pipeline analysis, price analysis, and regulatory framework are all included in the market study.

 

 

Home

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
hosting satın al minecraft server sanal ofis xenforo
best porn games
canlı casino siteleri casino siteleri 1xbet giriş casino sex hikayeleri oku