DUBLIN, Nov 28, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Accountable Care Solutions Market - Global Forecast to 2021" report to their offering.
The global accountable care solutions market is projected to reach USD 18.86 Billion by 2021, at a CAGR of 16.6% from 2016 to 2021. The market growth can be attributed to a number of factors such as increasing government initiatives, implementation of initiatives to shift the burden of financial risk from payers to healthcare providers, growing need to curb healthcare costs and advancing IT and big data capabilities. Healthcare provider solutions accounted for the largest share of the accountable care solutions market in 2015. Healthcare Analytics is fastest growing product segment in the healthcare provider solutions market during the forecast period. This is mainly attributed to the rising demand for quality healthcare, increasing medical errors, soaring operating costs, the growing number of receivables, and the increasing number of claims denials from insurers. Healthcare providers is the fastest growing end user segment in the market during the forecast period. The growing need to improve the profitability of healthcare operations and government initiatives to improve the quality of care delivered to patients & curtail the soaring cost of healthcare are some of the factors driving the adoption of accountable care solutions among providers. In 2015, North America accounted for the largest share of the global market, followed by Europe, Asia-Pacific, and RoW. Growth in the developed markets in North America and Europe is mainly driven by the government regulations and initiatives, high adoption of accountable care solutions and the presence of major companies in this region. As opposed to the North American and European markets, the demand in the APAC and Latin American markets is primarily driven by the growth in the overall healthcare industry. With the rapid rise in the number of patients, demand for quality care, increasing number of hospitals, there will be an upsurge in the demand for HCIT solutions in these regions. Companies Mentioned: