Global Collaborative Care Model Market, by Deployment (Web-based, Cloud-based, and On-premise), by Application (Population-based Care, Patient-centered Team Care, Measurement-based Treatment, Evidence-based Care, Accountable Care, and Others), by End User (Hospitals and Clinics, Rehabilitation Centers, and Medical Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), 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), as highlighted in a new report published by Coherent Market Insights.
The increasing prevalence of mental health conditions (such as anxiety disorders, attention deficit hyperactivity disorder (ADHD), bipolar disorder, and depression) is expected to drive the growth of Global Collaborative Care Model Market. For instance, according to the National Alliance on Mental Illness (NAMI), 20.6% of the U.S. adults experienced mental illness in 2019 (51.5 million people). This represents one in five adults. 5.2% of the U.S. adults experienced serious mental illness in 2019 (13.1 million people). This represents one in 20 adults.
Global Collaborative Care Model Market – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has affected various industries globally. The players operating in the collaborative care model market are facing major challenges on various fronts due to the COVID-19 pandemic. Public health experts and clinicians agree that the COVID-19 pandemic is creating a tsunami of psychiatric illness, including substance use disorders. COVID-19 has made integration even more necessary than before, and more attractive and doable. More than ever, hospitals and systems of care need evidence-based, scalable treatment models to meet mental health needs. We are seeing the emergence of new mental illness in the context of the pandemic and the exacerbation of chronic illness. During the pandemic, patients’ routine access to primary care has been made more difficult, so psychiatrists are taking a more active role in reviewing blood pressure medications and helping patients with smoking cessation.
Browse 35 Market Data Tables and 33 Figures spread through 169 Pages and in-depth TOC on “Global Collaborative Care Model Market”- Forecast to 2028, Collaborative Care Model Market, by Deployment (Web-based, Cloud-based, and On-premise), by Application (Population-based Care, Patient-centered Team Care, Measurement-based Treatment, Evidence-based Care, Accountable Care, and Others), by End User (Hospitals and Clinics, Rehabilitation Centers, and Medical Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the Collaborative Care Model Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/collaborative-care-model-market-4610
The key players operating in the market are focusing on getting more number of people treated for mental illness in order to expand their business. For instance, according to National Health Interview Survey data, in 2019, 19.2% of adults had received any mental health treatment in the past 12 months, which includes 15.8% who had taken medication for their mental health, and 9.5% who received counseling or therapy as a form of treatment from a mental health professional. The percentage of adults who had received any mental health treatment in 2019 was lower among those aged 18–44 (18.5%) compared with adults aged 45–64 (20.2%) and 65 and over (19.4%).
Key Takeaways of the Collaborative Care Model Market:
- The global collaborative care model market is expected to exhibit a CAGR of 15.6% during the forecast period. Key players operating in the market are focusing on adopting treatment strategies for alcohol use disorder which is expected to provide a lucrative opportunity for market players to expand their business in the market. For instance, according to the 2019 NSDUH, about 7.2% of people aged 12 and older who had AUD (Alcohol Use Disorder) in 2019 had received their respective treatment. This includes about 6.9% were males and 7.8% were females in this age group.
- Among end user, rehabilitation centers segment is expected to account for the largest market share in 2021. For instance, according to The Butler Center for Research at Hazelden Betty Ford Foundation, 2019, reports that roughly 89% of patients who complete alcohol rehab are still sober one month after discharge. An estimated 76% of alcohol rehab patients who successfully complete treatment report still being sober at three months, roughly 69% are still sober at six months, and a little more than 70% are still sober at nine months.
- 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.
