The Global Population Health Management Market is predominantly driven by increasing digitization and computerization of data coupled with the growing processing power and inter-connectivity of systems. Increased expenditures in healthcare is fostering the market growth.
Additionally, demand for value-based care delivery that resulted in to the switch from fee-for-service to a value-based payment model is also providing impetus to the growth of the market. Moreover, implementation of Affordable Care Act and Hospital Readmissions Reduction Program coupled with Medicare initiative to penalize unnecessary patient readmissions is expected to propel the growth of global market of Population Health Management during the forecast period.
The Population Health Management Market is growing at the rapid pace; mainly due to the evolving digitization and computerization of data coupled with the growing processing power and inter-connectivity of systems.
Allscripts, Inc., Cerner Corporation, Conifer Health Solutions, LLC, McKesson Corporation, Wellcentive, Inc., Epic Corporation, Inc., and IBM Corporation are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Population Health Management Market.
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Population Health Management is the aggregation and analysis of patient data across multiple health domains and data resources, so as to improve both clinical and financial outcomes. The explosive growth of healthcare data availability which includes clinical data, market data etc. is creating a new set of opportunities and challenges for healthcare industry. In 2012, the global Digital Healthcare Data was estimated to be around 500 petabytes and is expected to reach to 25,000 petabytes by 2020.
On the other hand there has been deterioration in clinical outcomes in spite of huge expenditure on healthcare. The U.S. alone spends a whopping 16% of its GDP on healthcare in 2015. Despite this huge GDP expenditure the United States doesn’t even rank in the top 10 best public health care systems with countries such as Denmark ranking higher than it. Thus the extreme need to fill in the gap between expenditure and outcomes is the most critical driving factor for population health management market.
Population Health Management Global Market – Segments
The Global Population Health Management Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Component: Comprises Software and Service.
Segmentation By Application: Comprises healthcare economics and resource management, healthcare coordination & consultancy, clinical and compliance studies, surveillance and others.
Segmentation By Delivery Mode: Comprises On-premise, web and cloud based & mobile based.
Segmentation By End Users: Comprises Healthcare Providers, healthcare Payers, Government organizations and others
Segment Healthcare Providers by End Users hold the largest as in 45% of market Share.
Population Health Management Market – Regional analysis
U.S. accounts for the maximum market share of the global population health management market and is expected to hold this position in the near future. This can be attributed to transition to value-based care delivery, leading to change from fee-for-service to a value-based payment models. The regulatory changes in the U.S. such as implementation of Affordable Care Act and Hospital Readmissions Reduction Program coupled with Medicare initiative to penalize unnecessary patient readmissions will strengthen the position of the U.S. Europe will be the second largest market. However, Asia pacific will be the fastest growing market and the growth will be led by China, and India as these nations have huge population with an urgent need to avoid any future extreme healthcare expenditure and the possibilities of achieving highest benefit is in these regions.
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