Population Health Management Market Overview :
Market Research Future (MRFR) has launched a new market intelligence report on the global population health management market. The report projects the global population health management market to grow at a robust CAGR of 22.4% over the forecast period from 2018 to 2023. The report provides a thorough look at the market’s probable future growth trajectory on the basis of an analysis of the market’s historical growth trajectory and leading growth drivers and restraints.
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Population health management helps make individual healthcare dispensation easier and cheaper, while also improving the chances of a successful recovery regardless of the disease, as environmental factors that can worsen the patient’s condition have been brought under control. The increasing prevalence of chronic diseases, which need constant monitoring and surveillance, is likely to be a major driver for the global population health management. Increasing adoption of healthcare IT in developing regions is also likely to be a major driver for the global population health management market over the forecast period, as IT systems increase the scope and efficiency of population health management systems massively. Increasing government support to the development of the healthcare sector is also likely to be a major driver for the global population health management market over the forecast period.
Population health management is the study of the healthcare provisions and disease prevalence patterns among a given population to make the population healthier as a group. More than treating individuals, population health management focuses on removing the factors causing diseases with a widespread prevalence and bringing about a healthier community. Social determinants of health, the result of inequal distribution of economic and other resources, are the prime target in the population health management market. Factors related to workplaces or living arrangements are studied in the population health management market and viable solutions are provided as to making the population immune from said factors.
Population Health Management Market Segmentation:
The population health management market has been segmented on the basis of component, solution, delivery mode, end user, and region.
On the basis of component, the population health management market has been segmented into 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 population health management 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 segmented into 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.
By delivery mode, the global population health management market has been divided into on-premise, web-based, cloud-based, and app-based.
By end user, the market has been segmented into healthcare providers, healthcare payers, government organizations, and others.
Population Health Management Market Regional Analysis:
The Americas is the leading regional segment of the global population health management market, accounting for close to half of the overall market in 2017. Europe also accounted for around 25% of the market in 2017 and is likely to remain a leading regional player in the global population health management market. The growing government support to the development and expansion of the healthcare sector, in addition to the growing incorporation of advanced IT resources to improve the functioning of the healthcare sector, is likely to be a major driver for the population health management market over the forecast period. The rising prevalence of chronic diseases and lifestyle diseases in Europe and North America is also likely to be a major driver for the population health management market in these regions.
Population Health Management Market Studied By Competitive Analysis:
Leading players in the global population health management market include Allscripts Healthcare Solutions Inc., McKesson Corporation, Epic Systems Corporation, Optum Inc., Koninklijke Philips NV, ZeOmega, UnitedHealth Group, Persivia, Healthagen LLC, Lumeris, Conifer Health Solutions LLC, Health Catalyst, IBM, and Cerner Corporation.
Industry Updates:
In February 2019, Providence St. Joseph Health launched a new for-profit population health management company called Ayin Health Solutions.
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