A recent report published by Infinium Global Research on the population health management market provides an in-depth analysis of segments and sub-segments in the global as well as regional population health management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional population health management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global population health management market. According to the report, Population Health Management Market was valued at nearly USD 30 billion in 2021 and is expected to reach over USD 100 billion in 2027, with a CAGR of 22.4% during the forecast period.
Population health management market (PHM) is a discipline within the healthcare industry that studies and facilitates care delivery across the general population or a group of individuals. Population health management market tools provide real-time insights to administrators and clinicians, enabling them to identify the care management gap within risk patient population. The tools include improvement of medications, patient self-management, and cost management. By merging clinical care with healthcare economics and outcomes assessment, population health management market can help providers, patients and insurers aggregate, exchange and analyze patient data to coordinate care and promote wellness through evidence-based decision support in clinical care.
The benefits offered by the population health management market include giving providers the ability to find care gaps, presenting providers with actionable steps on how to treat a patient or group of patients, and reducing the cost for the healthcare organization. Additionally, it helps to achieve value-based care as this helps to find the most effective way to treat the population by understanding the patient population. Moreover, advancing IT and big data capabilities drives the growth of the population health management market. In addition, the implementation of the patient protection act in the U.S are strengthening the growth of the population health management market system. Understanding the technological benefits of disease management program facilitates to analyze the demographic characteristics and healthcare organizations along with the identification of target high-risk population. However, security anxieties of private patient information is a key concern for population health management market vendors and reimbursement issue is likely to curtail the growth of the population health management market system. Furthermore, the increase in demand for value-based medicine creates ample growth opportunities for the key players in the population health management market over the years to come. On the other hand, the introduction of personalized medicine has led to precise, better, predictable healthcare. With the increasing understanding of genes and enhanced healthcare analytics capabilities. Therefore the providers can understand the drug responses, the impact of pathogens, the impact of diseases, and possible health outcomes in an individual patient. Hence it plays a vital role in the development of personalized medicines.
Among the geographies, North America accounted for the largest share in the of the population health management market system. The growth in the North American region is due to the adoption rate of population health management market platforms in the U.S and UK regions. Moreover, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. The growth in the Asia-Pacific region attributes to the rapidly growing healthcare industry in India and the efforts taken to digitize the healthcare system in China. The government is focusing on increased incentives and investment to improve national health by accurately tracking the health of the population and its subgroups. Developed countries such as Australia and Japan are the major markets for the population health management market.
The report on global population health management market covers segments such as deployment mode, and end-user. On the basis of deployment mode, the sub-markets include web based, cloud based, and on-premise. On the basis of end-user, the sub-markets include healthcare providers, healthcare payers, and employers group.
The report provides profiles of the companies in the market such as Epic Systems Corporation, International Business Machines Corporation (IBM), McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions Inc., Health Catalyst LLC, Philips Healthcare, Conifer Health Solutions, Optum, Inc., and GE Healthcare.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the population health management market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.