Collaborative care model is a team-based, interdisciplinary method used to diagnose, treat, and check up on patients who have been found to be suffering from depression and anxiety. The collaborative care approach is also used to help the many people who have mental illness for no good reason. As mental health care improves in developing areas like Asia-Pacific, Latin America, and others, where the number of cases is rising because of bad economic conditions, job insecurity, and other problems, the market is expected to grow. Due to excessive drinking, the worldwide joint care model market is predicted to rise. Drunk drivers caused 10,142 deaths—28.0% of all driving deaths. Thus, more people of all ages using alcohol will fuel market growth in the coming years. Due to more depressed people, the market may rise in the next years. Mental disease will be the leading cause of sickness worldwide by 2029. In 2010, the WHO estimated that mental illness treatment cost US$2.5 trillion, two-thirds of which were indirect expenses. By 2030, this expenditure will exceed $6 trillion.
Over the projected period (2021-2028), the market for Collaborative Care Models is anticipated to grow at a 15.6% CAGR.
Top Companies in the Collaborative Care Model Industry:
1. Cosmax Group
Cosmax Group was founded in 1992 and headquartered in South Korea. It operates in around 100 different countries.
2. Cisco Systems
Cisco Systems commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporations. It was founded in 1984 and headquartered in California, United States. It operates in more than 80 countries.
3. Microsoft Corporation
Microsoft Corporation was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800, and headquartered in Washington, United States. It operates in more than 100 countries worldwide. In March 2022, with the release of Azure Health Data Services and updates to Microsoft Cloud for Healthcare, Microsoft Corp. said that cloud tools for healthcare and life sciences continue to improve better.
4. IBM
IBM is an American multinational technology corporation, was founded in 1911 and headquartered in New York, United States. It operates in 170 countries. In March 2021, Cleveland Clinic and IBM announce 10-Year partnership to speed up discovery in healthcare and life sciences.
5. Jive Software
Jive Software an Aurea Software company, is a provider of communication and collaboration software for business. It was founded in 2001 and headquartered in California. United States. It operates across 70 countries.
6. AGNITY Healthcare
AGNITY Healthcare was founded in 2013 and headquartered in Silicon Valley. It operates in over 60 countries (TNS). In August 2022, Transaction Network Services (TNS) announced that it will buy AGNITY Global. AGNITY Global is a major provider of intelligent business communication applications and infrastructure to companies in the healthcare and telecommunications industries.
7. Uniphy Health Holding
Uniphy Health Holding was founded in 2013 and headquartered in Minneapolis, United States. It operates in 34 countries (Harris Healthcare Group). In May 2019, Uniphy Health Holding was acquired by Harris Healthcare Group, to extend the suite of clinical solutions of the latter.
8.Everbridge
Everbridge is an American enterprise software company that offers applications which provide information about critical events to help with personal safety and business continuity. It was founded in 2002 and headquartered in Massachusetts, U.S. It operates in 25 countries. In Feb 2022,
9. PerfectServe
PerfectServe was founded in 1997 and headquartered in Tennessee, United States. It operates in multiple countries. In April 2023, PerfectServe®, a top provider of cloud-based clinical collaboration and provider scheduling solutions, said that Methodist Le Bonheur Healthcare has adopted its call center solution to streamline and centralize patient transfer operations.
10. Vocera Communications
Vocera Communications was founded in 2000 and headquartered in California, United States. Vocera has offices worldwide, including Canada, United Kingdom, and Australia. In July 2021, the new cloud-based clinical communication and collaboration (CC&C) solution for smartphones from Vocera Communications, Inc, is dubbed Vocera Edge. Vocera Edge, which was developed for the cloud, helps healthcare organizations make the most of their investments in electronic health records (EHR) while empowering nurses, doctors, and other members of the care team by giving useful information at the point of care.
*Definition: Collaborative Care (CoCM) is a specific type of integrated care developed at the University of Washington to treat common mental health conditions in medical settings like primary care. Behavioral health problems like depression, anxiety, PTSD, and alcohol or drug use issues are some of the most common and disabling health problems in the world.
