Latest News- Chronic Disease Management Market: Solutions is expected to lead the Type segment during 2025-2029

The Chronic Disease Management Market is being driven by Rising geriatric population and chronic diseases

The Chronic Disease Management Market is expected to grow at a CAGR of 11.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5662.6 million. The chronic disease management market is experiencing significant growth due to technological advancements. Innovative technologies, such as Artificial Intelligence (AI), are being integrated into chronic disease treatment plans by market participants. This integration enables early intervention and improved patient outcomes for individuals suffering from conditions like diabetes, heart disease, and cancer. Furthermore, chronic disease management companies offer essential support to diabetic patients, enhancing the overall effectiveness of care. Consequently, technological advancements will have a positive impact on the expansion of the global chronic disease management market throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Solutions
  • Services
• End-user
  • Healthcare providers
  • Healthcare payers
• Disease Type
  • Cardiovascular diseases
  • Diabetes
  • Chronic obstructive pulmonary disorders
  • Arthritis
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising geriatric population and chronic diseases
• Increase in awareness of use of cloud-based and on-premises solutions in healthcare
• Growing demand for electronic data transfer and claim management

However, the market also witnesses some limitations, which are as follows:

• Rising medical data privacy concerns
• Lack of skilled professionals and technical limitations
• Cost associated with managing chronic diseases

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Market Scope in Chronic Disease Management Market Research Report

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Research Analysis Overview

The Chronic Disease Management Market focuses on improving the care of patients suffering from chronic conditions such as heart disease, hypertension, chronic respiratory diseases including asthma, stroke, tobacco use, physical inactivity, unhealthy diet, and obesity. Healthcare professionals utilize healthcare services, medical services, digital technologies, telehealth industry, and telehealth services to enhance quality of life for these patients. Mobile apps, caregivers, clinics, hospitals, therapies, screenings, check-ups, monitoring, and coordinating treatment are essential components of this approach.

Market Research Overview

The global life sciences tools and services market encompasses organizations involved in the research and development (R&D) of a range of product categories, including capital equipment, instruments, accessories, and consumables for pharmaceutical and biotechnology product development and laboratory diagnosis of chronic diseases. Additionally, this market includes life sciences-related services such as contract research, manufacturing, and sales. According to Technavio, the market size is determined by the collective revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving market growth include the increasing global population aging, resulting in a larger patient base for chronic disease management, and the subsequent demand for advanced medical services and improved quality of life solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/