Accountable Care Solutions Market to Reach Valuation of USD 43.3 Million by 2028 – Rising Geriatric Population and an Increasing Number of Chronic Diseases Drives the Market

Vantage Market Research

Jun 27, 2022

In terms of revenue, the Global Accountable Care Solutions Market is expected to reach USD 43.3 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 16.3% from 2022 to 2028.

The need for an affordable healthcare system is growing rapidly, especially in urban cities. One of the major drivers of boosting the Accountable Care Solutions Market is the rising geriatric population and an increasing number of chronic diseases. Also, key solution providers are emphasizing on reducing expenses and unnecessary services and hence are becoming cost effective for patients to utilize the benefits.

Key Highlights from Report:

  • The cloud based sub-segment of the deployment segment is anticipated to dominate the Accountable Care Solutions Market. The increasing digitalization and easy accessibility of data drives this segment and with the help of cloud services data can be incorporated from all sources.

  • Healthcare provider sub-segment is accounted for the largest market share in 2021 for the Accountable Care Solutions Market. Healthcare providers sub-segment is expected to witness a rapid surge as majority of healthcare providers are benefiting from the Accountable Care Solutions Market, also it’s difficult to organize and systemize patient’s data. Thus, creating a positive impact on patient doctor relationship.
  • North America is the largest regional segment. This surge is attributed to the rising demand of Accountable Care Solutions in developing economies such as India, China, and Indonesia.

Market Dynamics:

Accountable care units are changing the face of healthcare payers and healthcare providers. This solution provided by key players is considerably reducing the cost, saves time of healthcare professionals and help generate revenue for healthcare providers. Affordable care organizations are significantly helping and are responsible for improving patient management and decrease unwanted expenses. For instance, according to National Association of ACOs (NAACOS) the number of Accountable Care Solutions is increasing rapidly. Around 518 new players invested in Accountable Care Solutions domain in the United States.

North America is expected to dominate the Global Accountable Care Solutions Market in 2022 and is likely to continue the same trend during the forecast period. Increase in government initiatives and support for Accountable Care Solutions in healthcare society is likely to generate demand in this region for this market in near future. Increasing key players and rising inclination towards efficiency and cost saving approach in countries such as India & China are further adding spot light.