Population Health Management Market Size is Expected to Reach US$ 86.9 Bn by the end of 2028, Rising at a Market Growth of 15.9% CAGR During the Forecast Period | Transparency Market Research Inc.

Posted on 2024-03-12 by Transparency Market Research in Healthcare // 0 Comments

Wilmington, Delaware, United States, 2024-Mar-12 — /EPR Network/ — Transparency Market Research Inc. –

The global population health management market, valued at US$ 25.9 Bn in 2020, is projected to grow at a CAGR of 15.9% from 2021 to 2028, surpassing US$ 86.9 Bn by 2028. Companies in this sector are intensifying efforts to capitalize on revenue opportunities for competitive advantage. The surge in chronic diseases worldwide and the increasing global patient population are driving the demand for population health management systems. However, stakeholders need to address challenges such as high investments in infrastructure hindering market growth. Key players are pursuing acquisition and collaboration strategies with established market counterparts, aiming to propel market growth.

Population health management involves collecting patient data from various health IT resources, analyzing it to create a comprehensive patient record, and using the insights gained to enhance both clinical and financial outcomes. It comprises hardware, software, and services. Software offers advantages like facilitating data integration and simplifying patient data analysis. Hardware is crucial as most applications and software rely on it for operation. Population health management vendors provide services such as data analysis guidance, training, and maintenance of hardware and software performance.

Access Sample PDF: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4174&utm_source=ExpressPress&utm_campaign=MansiR_ExpressPress

Increasing Adoption of Population Health Management Globally

Population health management (PHM) is a system that categorizes individuals into groups, commonly seen in healthcare, pharmaceuticals, and insurance sectors. It helps maintain and enhance the health of various groups, offering cost-effective treatment alternatives and aiding in risk management for reimbursement policies. In recent years, healthcare has become more patient-centric, with PHM reducing risk stratification and facilitating patient communication, data aggregation, and care coordination. Consequently, the adoption of PHM systems has surged, leading to overall improvements in patient care.

Major Players:

Koninklijke Philips N.V.,Lumeris,Health Catalyst,McKesson Corporation,Cerner Corporation,ZeOmega,Healthagen LLC,UnitedHealth Group,International Business Machines Corporation,Persivia

Market Segmentation:

Mode Of Operation
- Web-based
- Cloud-based
- On-premise

Component
- Hardware
- Software
- Services

End-user
- Health Care Providers
- Insurance Providers
- Pharmaceutical Companies
- Others

Web-based to Lead Population Health Management (PHM) Market

In terms of mode of operation, the global population health management market has been classified into web-based, cloud-based, and on-premise
The web-based segment is expected to dominate the global market during the forecast period
Web-based population health management allows simultaneous tracking and measuring of the progress of providers and patients for multiple centers. This is a key factor driving the segment during the forecast period.

Market Drivers and Challenges:

Key drivers propelling the growth of the Population Health Management Market include:

Increasing prevalence of chronic diseases.
Government initiatives promoting value-based care.
Technological advancements in healthcare IT.
Growing adoption of electronic health records (EHRs) and health information exchanges (HIEs).

However, challenges such as data security concerns, interoperability issues, and the complexity of healthcare systems may hinder market growth to some extent.

Order Copy of the Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=4174&ltype=S&utm_source=ExpressPress&utm_campaign=MansiR_ExpressPress

Market Trends:

Several trends are shaping the Population Health Management Market, including:

Integration of artificial intelligence (AI) and machine learning (ML) algorithms for predictive analytics.
Adoption of telehealth and remote patient monitoring solutions.
Emphasis on social determinants of health (SDOH) to address health inequities.
Shift towards personalized medicine and precision population health.

Key Market Study Points:

Understanding the impact of demographic trends on population health management strategies.
Assessing the effectiveness of different PHM interventions in improving health outcomes and reducing healthcare costs.
Analyzing the role of healthcare IT infrastructure in supporting population health initiatives.
Evaluating regulatory frameworks and policy initiatives influencing the adoption of population health management solutions.

Future Outlook:

The Population Health Management Market is expected to witness continued expansion, driven by ongoing efforts to improve healthcare quality, reduce costs, and enhance patient outcomes. Advancements in data analytics, interoperability standards, and healthcare delivery models will further fuel market growth, fostering collaboration among stakeholders and promoting a more holistic approach to population health management.

Browse More Reports by TMR:

Glycerol Market is Expected to See a Growth of 6.3% During the Forecast Period 2021-2031

Pediatric Asthma Treatment Market Size to Reach US$ 14.4 Bn by 2031 with CAGR of 2.9%

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Matched content

Editor’s pick