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A recent report published by Infinium Global Research on population health management market provides 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 global population health management market.
Population Health Management (PHM) aims to enhance the overall health of communities by preventing disease, managing chronic illnesses, and eventually lowering healthcare expenditures through the use of data and collaborations. PHM tools provide real-time insights to administrators and clinicians, enabling them to identify gaps in care management within the at-risk patient population. These tools include improving medications, patient self-management, and cost management. The population health management market can assist providers, patients, and insurers in gathering, exchanging, and analyzing patient data to coordinate care and promote wellness through evidence-based decision support in clinical care. This is achieved by integrating clinical care with healthcare economics and outcomes assessment. The healthcare industry is undergoing a rapid transformation from a paper-based system to digitization, resulting in an increased demand for healthcare IT services. Moreover, there is a growing need for solutions that support healthcare providers, leading to a shift from Fee-for-service (FFS) to Value-based Payment (VBP) models. The market growth is expected to be boosted by the increasing demand for effective disease management strategies.
Growing technological advancement in IT and big data abilities drives the growth of the population health management market. Sympathetic technological aids of disease management programs simplify the demographic characteristics and healthcare organizations along with the identification of target high-risk populations. Additionally, Increased funds in the healthcare sector and enhancements in medication personalization both significantly accelerate the growth of the population health management market. Healthcare smart devices that permit remote health monitoring are in high demand since they are eagerly available, easily share data, and are compatible with medical experts. However, security concerns about private patient information are a key concern for population health management market retailers and reimbursement issues are likely to curtail the growth of the population health management market system. Moreover, 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 adapted medicine has led to precise, better, and predictable healthcare. With the increasing understanding of genetic factors and enhanced healthcare analytics abilities. 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.
North America is projected to hold the most prominent market share in the upcoming forecast period. The growth in the North American region is due to the implementation rate of the population health management market in the U.S. and UK regions. Moreover, the fastest developing Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The growth in the Asia-Pacific region is attributed to the speedily growing healthcare industry in India and the efforts taken to digitize the healthcare system in China. The government is concentrating on increased encouragement and investment to improve national health by precisely 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.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 67.2 Billion |
| Market Size by 2030 | USD 380.91 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 21.30% |
| Largest Market | North America |
| No. of Pages | 180 |
| Market Drivers |
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| Market Segmentation | By Deployment Mode, and By End User |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
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 employer groups.
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 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 forecasts from 2023-2030. 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.
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