US Complex And Chronic Condition Management Market is Anticipated to Witness High Growth Owing to Growing

The US complex and chronic condition management market deals with solutions that help in effectively managing complex and chronic conditions among patients. Chronic conditions like diabetes, heart disease, cancer, and respiratory diseases have become quite prevalent in the US. Managing such conditions primarily involves monitoring health metrics, coordination among care providers, adhering to medication and treatment plans, and lifestyle changes. The solutions in this market include population health management platforms, home health solutions, chronic care management programs, pharmacy care services, and more.

The growing geriatric population base that is susceptible to developing chronic conditions has been driving the demand for such solutions in the US Complex And Chronic Condition Management Market Demand Of late, healthcare providers and payers have been focusing on value-based and population health management approaches to lower medical costs, improve outcomes, and offer convenience to patients managing complex conditions at home. Remote patient monitoring programs are aiding timely interventions and reducing emergency department visits and hospital readmissions. All of these factors are fueling the need for advanced complex and chronic condition management solutions in the country.

The US Complex and Chronic Condition Management Market is estimated to be valued at US$ 11.30 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.

Market drivers:
- Growing geriatric population susceptible to developing chronic conditions. According to the U.S. Census Bureau, there were over 56 million people aged 65+ in the U.S. in 2020 and this number is expected to double by 2050.
- Rising prevalence of chronic diseases like diabetes, heart disease and respiratory diseases. The CDC estimates that 6 in 10 adults in the US live with at least one chronic disease.
- Increased focus on value-based care and population health management to lower costs through remote monitoring, coordinated care programs and medication adherence solutions.

Market restraints:
- Data security and privacy concerns associated with sharing records between providers, remote monitoring devices and population health databases.
- Lack of interoperability between disparate health IT systems hampering seamless integration of solutions and clinical workflows. This can delay adoption among providers.

Global Analysis