by The accountable care solutions market is witnessing significant growth owing to the rising need to curtail escalating healthcare costs and enhance the quality of care. Accountable care solutions help providers share clinical and financial responsibility for a defined patient population. They help eliminate unnecessary costs, reduce hospitalizations and readmissions, improve health outcomes, and enhance overall patient experience.
The global accountable care solutions market is estimated to be valued at US$ 21.50 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Accountable Care Solutions Market are Cerner Corporation, IBM Corporation, UnitedHealth Group, Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, McKesson Corporation, Verisk Health, ZeOmega, Inc., eClinicalWorks, Inc., NextGen Healthcare, Athenahealth Inc., Constellation Software Inc., Optum, Inc, COTIVITI, INC, Verisk Analytics, Inc.
The key opportunities in the accountable care solutions market include growth in healthcare IT spending across emerging nations, rising focus on quality care and improved patient outcomes, and increasing investments by hospitals and payers to optimize cost and enhance coordination of care.
Globally, the accountable care solutions market is expected to witness high growth in the regions of North America, Asia Pacific, and Europe. This can be attributed to rising healthcare costs, growing geriatric population, increasing prevalence of chronic diseases, and implementation of favorable government initiatives and policies supporting value-based care models.
Market Drivers
The major driver for the growth of the accountable care solutions market is the rising focus on value-based care globally. Value-based models incentivize providers to take accountability for clinical outcomes as well as the costs of caring for a population. They aim to curb rising healthcare spending by aligning reimbursements to quality and outcomes rather than volume of services. Accountable care solutions help enhance coordination and integration of point solutions, thereby supporting value-based care transition.
PEST Analysis
Political: The accountable care solutions market is influenced by regulatory policies related to healthcare reforms that focus on value-based care and population health management.
Economic: Growing healthcare costs and rising chronic disease prevalence is increasing the focus on reducing healthcare spending and improving patient outcomes which is driving demand for accountable care solutions.
Social: Growing consumerism in healthcare and rise of value-based models is shifting focus from fee-for-service to quality and coordinated care which requires integrated solutions offered by accountable care organizations.
Technological: Advancements in big data analytics, artificial intelligence, and cloud computing is enabling providers to better manage patient health across healthcare settings and support clinical decision-making as well as population health management initiatives.
The market in terms of value is currently concentrated in regions with advanced healthcare infrastructure and higher healthcare spending such as North America. The region accounted for the largest share in 2024 supported by early adoption of value-based models and presence of favorable regulatory policies promoting integrated care delivery.
Asia Pacific is expected to be the fastest growing regional market between 2024-2031 due to rising healthcare expenditures, growing focus on multichannel healthcare delivery, and increasing governmental initiatives for implementing accountable care in countries such as China, India and Japan.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research.
2. We have leveraged AI tools to mine information and compile it.
