Felton, 6 December
2019 - 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.
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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.
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.
Globally, North America accounted for the largest market
share in 2016 and is estimated to lead the overall market in the coming years.
The United States is a major consumer of Population Health Management in this
region. This may be because of application of the affordable care act
(ACA).Instead, Europe and the Asia Pacific are also estimated to have a
positive influence on the future growth.
Europe is the second largest region with significant market
share. Germany is a major consumer, as rising awareness among people regarding
the benefits of Population Health Management (PHM), developed healthcare
infrastructure, governmental and non-governmental organizations initiative, and
high occurrence of disease.
However, Asia Pacific is estimated to grow at fastest pace
with the highest CAGR in the foremost period. The aspects that may be ascribed
to the growth comprise, growing disposable income, government initiative for
disease management using data analytics, developing healthcare infrastructure,
and increasing awareness regarding PHM. The Japan and Australia are the major
consumers of Population Health Management in the region.
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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Market Segment:
Application Outlook (Revenue,
USD Million; 2014 - 2025)
• Software
• Services
End-Use Outlook
(Revenue, USD Million; 2014 - 2025)
• Payers
• Providers
• Employer Groups
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