Global Population Health Management Market is Estimated to be Worth USD 10400 million in 2020 and is Projected to Reach USD 14800 million by 2027, at A CAGR of 11.5% From 2020 to 2027: Proficient Market
At Proficient Market, Global Population Health Management Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of population health management market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global population health management market along with, market trends, drivers, and restraints of the population health management market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global Population Health Management Market in 2019 stood at USD 10400 million and is expected to reach USD 14800 million by 2027 growing at a CAGR of 11.5% from 2020 to 2027.
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Population health management is an collection and analysis of patient’s data from various multiple health information technology resources. Population health management aids in examining the condition of the patient and segmenting the patients based on disease. However, It also assists in enhancing clinical outcomes and minimizing the cost of treatments. Furthermore, these programs utilize business intelligence (BI) tool to aggregate data and offers a comprehensive clinical picture of each patient. Using that data, providers can track, and enhance, clinical outcomes while minimizing costs.
Population Health Management Market Key Players: The research study includes profiles of leading companies operating in the global population health management market. Key players profiled in the report include:
Allscripts Healthcare Solutions Inc.
Health Catalyst LLC
Verisk Health Inc.
Conifer Health Solutions LLC
In January 2020, Allscripts Healthcare Solutions Inc. partnered with MyndYou Inc. to enable Allscripts EHR providers to promote population health through MyndYou’s care portal, app platform, and virtual care manager that identifies and monitors high-risk triage patients.
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Drivers for the Global Population Health Management Market: The rising geriatric population is blooming the growth of the population health management market. While, the Geriatric population requires extreme care as they are prone to illness owing to low immunity levels and high recovery time. The elders are more susceptible to chronic diseases including cancer and cardiovascular diseases, hence thereby leading to increase in demand for better diagnosis, prevention and treatment. Furthermore, the older population also has increased need for personalized customized medicine, as they have lower immunity levels and are more susceptible to drug allergy. Thus, raising geriatric population led to increased demand for these solutions. Hence all these factors are responsible for the growth of the population health management market.
Opportunities for the Global Population Health Management Market: Personalized medicine segregate patients into different groups. The advent of personalized customized medicine has led to precise, better, predictable healthcare. Furthermore, With the increasing understanding of genes and enhanced healthcare analytics capabilities, providers can understand the drug responses, impact of pathogens, impact of diseases, and possible health outcomes in individual patient. This has led to the rising demand for personalized medicine. While Population health management plays an important role in the development of personalized medicine. Additionally, It is significant to understand the care gaps, health record of population groups to develop personalized medicine. Thus, increasing compliance for personalized medicine-based analytics is creating ample growth opportunity for the global population health management market.
Restrains for the Global Population Health Management Market: With the growing popularity of cloud-based services and wireless connectivity in the healthcare sector, there has been a significant increase in the usage of handheld devices worldwide among healthcare professionals and patients. This raises issues for security of private patient information, which is a major concern for population health management vendors. A hacker can have the ability to control critical information stored in systems. Additionally, threat posed by computer viruses is also rising that can prompt deterioration in the proficiency of population health management. This threat of low information security is expected to limit the growth of the population health management market during the forecasted period. Thus all these factors are responsible for creating a negative impact at population health management market.
Region Wise, Global Population Health Management Market Analysis: Report covers the region wise analysis, global population health management market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia-pacific leads the global population health management market share followed by North America and Europe. While the Asia-pacific leads the global population health management market due to the to the rising medical tourism, the implementation of new ICT guidelines in Japan, investments and reforms to modernize China’s healthcare infrastructure, the rapidly growing healthcare industry in India, and the implementation of IT programs in emerging economies. Furthermore, increasing healthcare expenditure and enhancing healthcare infrastructure in this region is boosting the market of Asia-pacific region. Thus all these factors are boosting the growth of this market in Asia-pacific region.
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Global Population Health Management Market: Product analysis
On the basis of type, software accounted for largest share of total revenue generated. Because, of the increased adoption of software solutions by payers and providers to reduce readmissions, increase cost-effectiveness, improve operational efficiency, enhance patient engagement, and aid data integration and analysis. Thus, all these factors are boosting the growth of the market segment.
Global Population Health Management Market: Mode of Delivery analysis
On the basis of mode of delivery, on-premises accounted for largest share of total revenue generated due to the advantages offered by the on-premise mode of delivery, such as customization of solutions, reduction in the risk of data breaches, and the ability to reuse existing servers and storage hardware are supporting its increased adoption in the population health management market.
Global Population Health Management Market: Application analysis
The demand of Global Health Management Market is highest from healthcare providers , due to the implementation of the Affordable Care Act and Hospital Readmissions Reduction Program in the US (that is introduced for lowering healthcare costs by making use of newer solutions including population health management) along with the high demand for Population health management solutions among healthcare providers due to the benefits offered by these solutions.
Global Population Health Management Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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