The population health management market is expected to grow during the forecast period (2018–2023) at a CAGR ~22.4%.
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.
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The global population health management market is growing with the rapid pace; mainly due to the technological innovation. According to a recent study report published by the Market Research Future, the global population health management is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
Notably, extreme need to fill in the gap between expenditure and outcomes is the key factor driving the population health management market. It is observed that in the year 2012 digital healthcare data was estimated to be around 500 petabytes and is expected to reach 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 spend 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.
Population Health Management Market Segmentation:
The population health management market has been segmented on the basis of component, solution, delivery mode, and end-user.
On the basis of component, the market has been classified as hardware, software, and services. The services segment has been further divided into consulting, training, and education, post-sales and maintenance services, and others.
Based on solution, the market has been divided into data integration and management, analytics, patient engagement, and care coordination. The data integration and management segment has been further divided into clinical data integration, financial data integration, data warehousing, real-time data exploration, and others. The analytics segment has been classified as a point of care decision support, predictive analytics, and others. The patient engagement segment has been divided into remote monitoring, multimodal communication, monitoring and compliance, treatment plan, and others. The care coordination segment has been segmented into care management workflow automation, real-time alerting, clinical reporting, care team coordination, and others.
The delivery mode segment has been divided into on-premise, web-based, cloud-based, and app-based.
The market, by end-user, has been segmented into healthcare providers, healthcare payers, government organizations, and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The population health management market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European population health management market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The population health management market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The population health management market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key Players
Some of the key players in the population health management market are Allscripts Healthcare Solutions Inc., Cerner Corporation, McKesson Corporation., International Business Machines Corporation (IBM), Epic Systems Corporation, Health Catalyst. , Optum, Inc., Conifer Health Solutions, LLC., Koninklijke Philips N.V., Lumeris, ZeOmega, Healthagen LLC, UnitedHealth Group, and Persivia.
Regional Analysis
Most of the existing market players are concentrated in the Americas owing to well-established market and high healthcare expenditures. According to the Centers for Medicare & Medicaid Services, in 2015, U.S. healthcare spending increased 5.8% reaching USD 3.2 trillion Canadian healthcare specifically was stressed by an advancing demographic move. The increase of insurance coverage because of health care reform (Affordable Care Act, 2010) in the U. S. additionally prompted an expansion in health care spending.
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.
Table Of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Continued….!
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