Chronic Disease Management Market size is poised to cross USD 27 Billion by the end of 2035, growing at a CAGR of 13% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of chronic disease management was USD 6 Billion. The reason behind the growth is impelled by the increasing use of tobacco across the globe which has led to an increase in the prevalence of various types of chronic diseases, which is increasing the death rate and the need for long-term intensive care.
For instance, the tobacco epidemic, which kills more than 6 million people a year worldwide, is known to be one of the greatest risks to public health the world has ever seen.
The worldwide upsurge in chronic obstructive pulmonary disease (COPD) across the world is believed to fuel the chronic disease management market. Chronic obstructive pulmonary disease (COPD) is a long-term disease that occurs when the lungs and air route become damaged. The upsurge in COPD is also leading to an increase in demand for chronic disease management. As per the data provided by the World Health Organization, globally, 3.23 million people died from chronic obstructive pulmonary disease (COPD) in 2019.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~13% |
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Base Year Market Size (2022) |
~ USD 6 Billion |
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Forecast Year Market Size (2035) |
~ USD 27 Billion |
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Regional Scope |
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Disease Type (Cancer, Diabetes, Cardiovascular Diseases, Arthritis, Asthma, Chronic Obstructive Pulmonary Disorders (COPD), Stroke)
The cardiovascular diseases segment is estimated hold 30% share of the global chronic disease management market in the coming years owing to the growing prevalence of chronic illnesses in the world. Moreover, heart failure, coronary artery disease, stroke, and other illnesses that impact the blood vessels and the heart are all included in CVD. Blood pressure, high blood cholesterol, smoking, inactivity, a poor diet, and obesity are all CVD risk factors. A major amount of the global illness burden is attributable to CVD, which is one of the main causes of mortality worldwide.
According to the World Health Organization (WHO), the largest cause of mortality worldwide is cardiovascular disease (CVD), followed by cancer, respiratory conditions, and diabetes. Furthermore, more than 17 million people die every year owing to cardiovascular diseases around the world.
Type (Solutions, Services)
Chronic disease management market from the solutions segment is set to garner a notable share shortly on the back of increased awareness regarding the use of cloud-based healthcare solutions. The best option to enable patients to share health information for advancing the treatment of chronic diseases is determined to be a hybrid cloud solution as it enhances the environment for healthcare, enables remote monitoring, boosts operational effectiveness, and reduces costs. This can help in the management of chronic diseases more efficiently.
Our in-depth analysis of the global chronic disease management market includes the following segments:
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Type |
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Deployment Mode |
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Disease Type |
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Service Type |
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End-User |
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North American Market Forecast
Chronic Disease Management market in North America is predicted to account for the largest share of 47% by 2035 impelled by increasing spending in healthcare. This has led to an increase in access to quality medical treatments for people with chronic diseases in the region. Besides this, owing to the availability of sufficient resources more specialized training is being given to the medical professionals in the region for managing chronic conditions. In 2021, the United States spent over 2% more on health care, amounting to roughly USD 4 trillion or around USD 12,910 per person.
European Market Statistics
The Europe chronic disease management market is estimated to hold the second largest of 29%, during the forecast timeframe led by growing awareness regarding health. As a result, more people in the region can access medical care for the timely management and diagnosis of several chronic conditions.
Author Credits: Radhika Gupta, Shivam Bhutani
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