Population Health Management Market report provides the broader perspective of the marketplace with its comprehensive market insights and analysis which eases surviving and succeeding in the market. This market report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take the business towards growth and success. Moreover, the Population Health Management Market report explains better market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. Hence, the Population Health Management Market report brings into focus, the more important aspects of the market or Healthcare industry.
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The global population health management market is projected to reach USD 46.7 billion by 2026 from USD 24.9 billion in 2021, at a CAGR of 13.4% during the forecast period. Population Health Management Market by Component (Software, Services), Mode of Delivery (On-premise, Cloud-based), End User (Healthcare Providers, Healthcare Payers, Employer Groups, Government Bodies) Covid Impact Analysis – Global Forecasts to 2026
Prominent players in the population health management market are
Cerner Corporation (US),
Epic Systems Corporation (US),
Koninklijke Philips (Netherlands),
i2i Population Health (US),
Health Catalyst (US),
Enli Health Intelligence (US),
Orion Health (New Zealand),
Allscripts Healthcare Solutions (US),
IBM Corporation (US),
HealthEC, LLC (US),
NextGen Healthcare, Inc. (US),
Conifer Health Solutions (US),
SPH Analytics (US),
Lightbeam Health Solutions (US),
Citra Health Solutions (US),
Evolent Health, Inc. (US),
and Forward Health Group (US).
A breakdown of the primary participants referred to for this study is provided below:
- By Company Type: Tier 1: 40%, Tier 2: 30%, and Tier 3: 30%
- By Designation: C-level: 27%, Director-level: 18%, and Others: 55%
- By Region: North America: 50%, Europe: 20%, Asia Pacific: 20%,and the Rest of the World: 10%
Government mandates and support for healthcare IT solutions, increasing use of big data analytics, and the need to curtail the escalating healthcare costs are the key factors driving the growth of the population health management market. In addition, emerging economies (such as Brazil, Russia, India, South Korea, and China), increasing focus on personalized medicine, and rising focus on value-based medicine are expected to offer lucrative growth opportunities for market players during the forecast period. However, data breaches, lack of skilled analysts, and interoperability issues are adversely impacting the growth of this market.
“The Software segment accounted for the largest market share in 2020.”
On the basis of component, the population health management market has been segmented into software and services. In 2020, the software segment accounted for the largest share of the market. It is projected to reach USD 34.1 billion by 2026 from USD 17.7 billion in 2021, at a CAGR of 14.0%. The dominance of this segment can be attributed to the increased adoption of software solutions by payers and providers to reduce readmissions, increase cost-effectiveness, improve operational efficiency, enhance patient engagement, and aid data integration and analysis.
“The On Premise segment accounted for the largest market share in 2020.”
Population health management solutions reach end users through the on-premise and/or cloud-based modes of delivery. The on-premise solutions segment accounted for the larger market share of 63.9% in 2020. The advantages offered by the on-premise mode of delivery, such as customization of solutions, reduction in the risk of data breaches, and the ability to reuse existing servers and storage hardware are supporting its increased adoption in the population health management market.
“The Healthcare Providers segment accounted for the largest market share in 2020.”
On the basis of end user, the population health management market is segmented into healthcare providers, healthcare payers, and other end users. In 2020, the healthcare providers segment accounted for the largest share of 67.0% of the population health management market. The large share of this segment is attributed to the implementation of the Affordable Care Act and Hospital Readmissions Reduction Program (aimed at lowering healthcare costs by using novel population health management solutions) in the US, as well as the high demand for these solutions among healthcare providers across regions.
“North America was the largest regional market for population health management market in 2020“
North America accounted for the largest share of 75.1% of the global population health management market in 2020. Factors such as growing federal healthcare mandates to curb the rising healthcare costs, increasing regulatory requirements, growing adoption of EHRs, and rising government initiatives focusing on personalized medicine and value-based reimbursements are expected to drive market growth in North America.
The Asia Pacific market, comprising India, China, Japan, and the Rest of Asia Pacific, offers high-growth opportunities for market players. This regional segment is estimated to register the highest CAGR of 19.1% during the forecast period. The growth of the Asia Pacific population health management market is driven by the rising medical tourism, the implementation of new ICT guidelines in Japan, investments and reforms to modernize China’s healthcare infrastructure, the rapidly growing healthcare industry in India, and the implementation of IT programs in Australia and New Zealand. In addition, government initiatives for the adoption of HCIT, the growing geriatric population, rising prevalence of chronic diseases, increasing healthcare expenditure, and the rising purchasing power of consumers are also expected to support market growth in this region.
The report analyzes the population health management market and aims at estimating the market size and future growth potential of the market and the different component segments, such as software and services.The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, solution offerings, and recent developments.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies for strengthening their market presence.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the solution portfolios offered by the top players in the population health management market
- Solution Launch/Innovation: Detailed insights on the upcoming trends, R&D activities, and solution launches in the population health management market
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new solutions, growing geographies, and recent developments in the global population health management market
- Competitive Assessment: In-depth assessment of growth strategies and products of the leading players in the population health management market
The Population Health Management Market report is a truthful source of information that offers a telescopic view of the current market trends, situations, opportunities and status. All the data and information collected in this market document for research and analysis is represented in the form of graphs, charts or tables for the sensible understanding of users. Besides, big sample sizes have been exploited for the data collection in this report which ensembles the necessities of small, medium as well as large size of businesses. This Population Health Management Market analysis report works on all the aspects of the market that are required to create the finest and top-notch market research report.
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