The advent of healthcare beneficiaries in the form of artificial intelligence and robotization has not only boosted the growth levels of the medical sector but also propelled the need for up-gradation. The rising need for obtaining digital records of patient health and welfare and easing the work of healthcare professionals across clinical and healthcare systems is projected to aid in the expansion of the global population health management market.
The global population health management market is classified based on component, platform, end-user, and region. In terms of components, the market is split into services and software. Based on the platform, the market is bifurcated into on-premise, and cloud-based. Concerning classification by end-user, the market is trifurcated into healthcare payers, healthcare providers, and others.
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The report offers a 360-degree overview of the global population health management market and emphasizes prime growth patterns such as recent innovations, current trends, and other innovations. The report also emphasizes the impact of the novel COVID19 pandemic on this market and how can manufacturers utilize this situation to the fullest to attract revenue for the overall market. Besides this, the report lists the number of players functioning in this market and their major contributions to this market in terms of innovations and product launches. The report is available for sale on the company website.
Population Health Management Market: Company Analysis
The competitive landscape of the global population health management market is highly fragmented on account of the presence of multiple players. The key emphasis of players is to expand their portfolio and geography as well. A large number of players are offering multiple product portfolios to gain an upper hand in the overall market competition. Besides this, players are also indulging in collaborative efforts to gain significant momentum in the coming years.
Some of the notable players of the global population health management market include:
- McKesson Corporation
- International Buisness Machines Corporation (IBM)
- Deloitte Touche Tohmatsu Limited
- Cerner Corporation
- UnitedHealth Group
- Koninklijke Philips N.V.
- GE Healthcare (General Electric Company)
- Allscripts Healthcare LLC
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Population Health Management Market: Industry Developments
- Innovaccer Inc. and Emtiro Health LLC declared their collaborative efforts to develop an analytical platform for the population’s health for the launch of North Carolina Managed Medicaid Care in June 2021.
- The Garage and Healthix entered into a collaborative partnership for the launch of a specialized population health management platform for a membership called Municipal.
Population Health Management Market: Growth Boosters
Population health management arrangements empower partners in the healthcare area to convey patient-driven consideration and help in shortening the significant expenses related to healthcare by decreasing readmissions, guaranteeing that lone proper and ideal intercessions are given to patients. These arrangements smooth out work processes by guaranteeing that the cycles in care conveyance work without a hitch.
The general expense of healthcare conveyance has developed fundamentally in the course of recent many years. Factors, for example, expanding health protection expenses, the developing interest for quality healthcare benefits, the rising number of older individuals, and the developing occurrence of persistent problems drive the interest for healthcare administrations across the globe. Different variables adding to the high use on healthcare administrations show restraint readmissions, clinical mistakes, and organization costs.
Population Health Management Market: Demographical Overview
Geographically, the global market for population health management market is dominated by North America with an estimated 75.1% of the world population in the year 2020. This is owing to the increasing expenditure on healthcare and medical facilities and the rising adoption of electronic health records in the developed economies such as Canada and the United States. Besides this, the market in the Asia Pacific is further projected to rise remarkably on account of the increasing popularity of medical tourism, coupled with the rapid development of the healthcare industry, and cost-efficient treatment facilities will further help this region witness lucrative growth opportunities in the coming years.
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