The global population health management market accounted for a value of USD 20.2 billion in 2019 and is projected to register growth at a CAGR of 10.1% during forecast period.
COVID-19 has impacted the population health management market. The adoption of population health management is increasing in the world due to increasing cases of corona virus. The hospitals are getting overcrowded and the need for beds and ventilators are increasing. The government is taking initiatives to improve quality of care to combat pandemic situation. The market for population health management is increasing due to COVID-19.
For more details, visit: Global Population Health Management Market By Component (Software, Services, Others), By Mode of Delivery (On-Premises and Cloud), By End-Users (Healthcare providers, Healthcare Payers, Others), By Region, Forecast & Opportunities to 2026
The Centers for Medicare and Medicaid Services has introduced various initiates like value-based payment modifier to increase adoption of population health management around the world. It gives differential payment to a group of physicians based on the quality of care provided by healthcare units against the cost of care. This increases the adoption of population health management and drives growth in population health management market during forecast period.
On the basis of component, the population health management market is segmented into software and services. The software segment accounted for largest market share in 2019. The adoption of software solution is increasing around the world. The providers and payers are adopting softer solutions at large scale. It helps in reducing cost, readmissions and increase operational efficiency. The software segment helps in enhancing engagement of patient and it improves data analysis and data integration.
On the basis of mode of delivery, the population health management market is segmented into on-premises and cloud-based. The on-premises mode of delivery segment accounted for largest market share in 2019 and it is estimated to hold largest market share during forecast period. The major PHM solutions are delivered to end-users through on-premises mode of delivery. It offers various advantage such as reduces risk of data breaching, it allows reuse of existing servers and customization of solutions. The demand for software is increasing around the world and this drives growth in software segment during forecast period.
On the basis of end-users, the population health management market is segmented into healthcare providers, healthcare payers and others. The healthcare providers segment accounted for largest market share in 2019 and it is estimated to continue its dominance during forecast period. The demand and adoption of PHM is increasing by healthcare providers end-users. It helps in lowering costs by using novel solutions for improving health of population around the world. This drives growth in healthcare providers segment during forecast period.
Asia-Pacific region accounted for largest market share in 2019 and it is estimated to register growth at highest CAGR during forecast period. The healthcare market is growing immensely in this region. The medical tourism is increasing in this region which leads to increase in adoption of new and innovative technologies to improve quality care. The adoption of population health management is rapidly increasing and this drives growth in Asia-Pacific region during forecast period.
The key market players in population health management market are Cerner Corporation, Epic Systems Corporation, Koninklijke Philips, i2i Population Health, Health Catalyst, Optum, Enli Health intelligence, eClinical Works, Orion Health, Allscripts Healthcare Solutions, IBM Corporation, Health EC LLC, NextGen healthcare Inc., Conifer Health Solutions, Lightbeam Health Solutions, Lumeris and Evolent Health Inc.
- What are the expected industry trends over the next three to five years?
- Which of the population health management delivery mode is likely to lead by 2025?
- Which of the end user segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?