COLLABORATIVE CARE MODEL MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing prevalence of chronic diseases

Non-communicable diseases have emerged as a leading cause of mortality and morbidity across both developed and developing world. Countries like U.S., China and India faces a heavy disease burden of chronic illnesses such as diabetes, cancer, cardiovascular conditions and respiratory disorders. As per estimates, over 60% of global fatalities are due to chronic conditions currently. This poses huge economic implications in terms of medical expenditures, loss of productivity and quality of life. Chronic diseases frequently require long term treatment, management, monitoring and lifestyle modifications. A single physician may not be able to satisfactorily address all aspects especially when co-morbidities exist. Patients find it difficult to navigate the complex care processes which span multiple care settings, specialties and service lines. Lack of coordination raises risks of suboptimal care, hospital re-admissions, medical errors and duplications. It also affect patients' adherence to treatment plans in the absence of streamlined guidance and support structures. Collaborative care models help foster integrated, patient-centric approaches for chronic illness care. Empanelment of multi-disciplinary care teams allows comprehensive oversight over patients' conditions. Co-located services in community-based facilities facilitate convenient access. Shared care plans and interoperable health records exchange timely updates while keeping patient preferences and goals at heart. This helps enhance quality of life as well as clinical outcomes for patients living with chronic diseases.