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Accountable Care Solutions Market by Product & Service, Delivery mode, End User - Global Forecast to 2021

NEW YORK, Nov. 21, 2016 /PRNewswire/ -- The accountable care solutions market is expected to grow at a lucrative CAGR of 16.6% from 2016 to 2021, to reach USD 18.86 billion by 2021 from USD 8.76 billion in 2016. Market growth can be attributed to the growing need to adhere to regulatory guidelines, government initiatives for eHealth, high return on investment (ROI), and rising needs to curtail escalating healthcare costs. On the other hand, lack of in-house IT domain knowledge and reluctance among end users to adopt new methods are expected to restrain the overall market growth to a certain extent during the forecast period.

In 2015, the healthcare provider solutions segment accounted for the largest share of the accountable care solutions market, by product & service. The large share of this segment can primarily be attributed to the rising adoption of EHR systems, the increasing demand for improved patient safety and patient care, stringent regulations regarding healthcare provider solutions, and need for integrated healthcare systems. The web & cloud based segment accounted for the largest share of accountable care solutions market, by delivery mode. The ability to quickly access computing and storage resources when needed without the requirement for a large technical staff, is a key factor driving the uptake of web & cloud-based accountable care solutions. The healthcare providers segment accounted for the largest share of accountable care solutions market, by end user. This large share for healthcare providers is due to 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...