Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Collaborative care model uses a team-based, interdisciplinary approach to deliver evidence-based diagnoses, treatment, and follow-up care to an identified patient population suffering from depression and anxiety. Collaborative care model is also used to treat the large number of people suffering unnecessarily from mental illness. The market is expected to have growth opportunities due to rising mental healthcare development in developing regions such as Asia Pacific, Latin America and others where the incidences are rising due to poor economic conditions, instability of jobs, and other related insecurities.
The global collaborative care model market is estimated to be valued at US$ 1475.0 million in 2021 and is expected to exhibit a CAGR of 15.6% over the forecast period (2021-2028).
Increasing alcohol abuse among all age groups is expected to drive the market growth over the forecast period.
The global collaborative care model market growth is estimated to grow due to increasing alcohol abuse among all age groups. For instance, according to the 2019 National Survey on Drug Use and Health (NSDUH), 85.6% of people aged 18 and older reported alcohol consumption at some point in their lifetime, 69.5% reported that they consumed alcohol in 2018, and 54.9% (59.1% of men in this age group and 51.0% of women in this age group) reported that they drank in the past month (May 2019). Furthermore, according to the same source, in 2019, alcohol-impaired driving fatalities accounted for about 10,142 deaths (28.0% of overall driving fatalities).
Figure 1. Global Collaborative Care Model Market Share (%), By Region, 2021
Increasing cases of depression is expected to drive the market growth over the forecast period.
For instance, as per the report from Pew Research Center, July 2017, the increase in the number of adults who had experienced depression in the U.S. was around 14.8 million in 2007 to 17.3 million in 2017. Adults also differed by gender in their experiences with depression (9% of women vs. 5% of men). By 2029, mental illness is predicted to become the leading cause of disease worldwide. A World Health Organization (WHO) report estimated that the global cost of treatment of mental illness is nearly US$ 2.5 trillion (two-thirds in indirect costs) in 2010, which is expected to increase to over US$ 6 trillion by 2030.
Collaborative Care Model Market Report Coverage
||Market Size in 2021:
||US$ 1475.0 Mn
|Historical Data for:
||2017 to 2020
||2021 to 2028
|Forecast Period 2021 to 2028 CAGR:
||2028 Value Projection:
||US$ 4073.7 Mn
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC Countries, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
- By Deployment: Web-based, Cloud-based, On-premise
- By Application: Population-based Care, Patient-centered Team Care, Measurement-based Treatment, Evidence-based Care, Accountable Care, Others
- By End User: Hospitals and Clinics, Rehabilitation Centers, Medical Institutes
Cosmax Group, Cisco Systems, Microsoft Corporation, IBM, Jive Software, AGNITY Healthcare, Uniphy Health Holding, Everbridge, PerfectServe, and Vocera Communications.
- Increasing alcohol abuse
- Growing incidences of depression and anxiety
- Growing awareness about common mental health conditions and their treatment
|Restraints & Challenges:
- Lack of a clearly stated, shared, and measurable purpose
- Lack of training in interprofessional collaborationLack of a clearly stated, shared, and measurable purpose
Global Collaborative Care Model Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe thus the World Health Organization declared it as a public health emergency. According to the World Health Organization’s report, the manifestation of Coronavirus (COVID-19) has resulted in more than 190,597,409 infected individuals worldwide as of July 19, 2021.
COVID-19 affects the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another. Due to the increasing prevalence of COVID-19, key players operating in the market are focusing on treatment options to support and combat mental illness during the crisis period.
Figure 2. Global Collaborative Care Model Market Share (%) Analysis, By End User, 2021
Global Collaborative Care Model market: Restraint
Lack of training in interprofessional collaboration is the major factor that is expected to hinder growth of the global collaborative care model market.
Major players operating in the global collaborative care model market include Cosmax Group, Cisco Systems, Microsoft Corporation, IBM, Jive Software, AGNITY Healthcare, Uniphy Health Holding, Everbridge, PerfectServe, and Vocera Communications.