Population Health Management Market – Global Industry Insights, Trends and Growth Opportunity Analysis to 2025

Posted on 2020-08-04 by researchinsights in Healthcare // 0 Comments

04th Aug 2020 – Global Population Health Management Market is expected to reach USD 88.9 billion by 2025. Population Health Management is the combination of patient data across many health information technology resources and a management within healthcare industry that facilitates and studies care distribution across the general population. The main aim of PHM is to examine, collect, and regularize clinical data to recover the patients’ health and the provider’s financial results. The Population Health Management industry is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe.

Growing geriatric population and occurrence of chronic disease, government initiative for the deterrence of long-lasting diseases and acceptance of HCIT, and rising use of enhanced big data and IT technologies are documented as major factors of Population Health Management that are estimated to enhance the growth in the years to come. However, lack of knowledge and high cost may restrain overall market growth in the coming years. Population Health Management Market is segmented based on component, mode of delivery, end user, and region.

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Services and software are the two important components of Population Health Management industry that could be explored in forecast period. software segment accounted for the largest market share of Population Health Management and is estimated to lead the overall market in coming years. Mode of delivery may on-premise, web-based, and cloud-based that could be explored in the Market in the foremost period.

The market may be categorized based on end users like government bodies, healthcare providers, employer groups, healthcare payers, and others could be explored in foremost period. the healthcare providers sector accounted for the largest market share and is estimated to continue its dominance in the coming years. This may be because of application of Hospital Readmissions Reduction Program and Affordable Care Act in the United States to lower the healthcare cost. Also, healthcare payers sector is estimated to grow at highest CAGR in the coming years. these payers are the third party entities like insurance carriers and known to be a financer or reimburse the cost of health services.

The key players of Population Health Management Market are Verscend Technologies, Inc., Cerner Corporation, i2i Population Health, McKesson Corporation, Wellcentive Inc., Allscripts Healthcare Solutions, Inc., Health Catalyst, LLC, Healthagen, LLC., Conifer Health Solutions, LLC, OptumHealth, Epic Corporation, Inc., and IBM Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Regional Outlook (Revenue, USD Million; 2014 – 2025)

North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
Japan
China
Latin America
Brazil
Mexico
Middle East & Africa
South Africa

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