The Collaborative Care Model Market Is Estimated To Witness High Growth Owing To Rising Demand For Coordinated Healthcare Delivery

 

Collaborative Care Model Market

The global Collaborative Care Model Market is estimated to be valued at US$ 1971.1 Mn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

The collaborative care model involves primary care physicians, care managers, and psychiatric consultants working together to provide more comprehensive care for patients. This model is effective in treating behavioral health conditions like depression and anxiety at a lower cost than traditional treatment methods. It employs a team-based approach that considers the "whole-person" to achieve better health outcomes.

 

Market key trends:

One of the major trends in the collaborative care model market is the growing adoption of integrated care delivery systems. Integrated care delivery breaks down barriers between mental and physical healthcare, brings different specialties together, and coordinates care across settings. This helps streamline treatment for patients with complex needs. By facilitating collaboration and communication between providers, integrated care delivery models are able to deliver more continuous, comprehensive and coordinated care. This in turn is driving increased demand for collaborative care solutions.

Segment Analysis

The global collaborative care model market is segmented into care setting, application, and region. Based on care setting, the market is classified into acute care, home healthcare, and ambulatory care. The acute care segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. The higher adoption of collaborative care models in hospitals to provide better patient care is driving the segment's growth.

 

Key Takeaways

The global collaborative care model market size is expected to reach US$ 12,325.7 Mn by 2030, expanding at a CAGR of 15% over the forecast period. Increasing prevalence of chronic diseases and rising need for collaborative care are expected to drive the market during the forecast period.

 

Regional analysis

Regionally, North America dominated the collaborative care model market in 2022 and is expected to continue its dominance over the forecast period. The increasing adoption of value-based care and presence of established healthcare infrastructure in the region are expected to boost the market in North America.

 

Key players

Key players operating in the collaborative care model market are Cosmax Group, Cisco Systems, Microsoft Corporation, IBM, Jive Software, AGNITY Healthcare, Uniphy Health Holding, Everbridge, PerfectServe, and Vocera Communications. Microsoft Corporation holds the leading market share in the global collaborative care model market due to its partnerships with healthcare organizations to provide collaborative care solutions.

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https://www.dailyprbulletin.com/collaborative-care-model-market-size-share-growth-outlook-2023/

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