Population Health Management Market Size, Trends and Growth Outlook by Component (Hardware and Others), Solution (Data Integration & Management, Analytics, and Others), Delivery Mode (On-Premise and Others), End-User (Healthcare Providers, Others) – Forecast Till 2027
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Population Health Management Market Overview
The population health management market is expected to thrive at a healthy CAGR of over 22.4% during the review timeframe, says Market Research Future (MRFR). Population health management refers to a system that stores patient information. The health information of any patient is vital for any hospital. It also helps to collect and record manageable patient information.
The global population health management market has witnessed a major spike in the growth rate in the last few years. The market’s growth is mainly attributed to the adoption of technology in several industries. Furthermore, factors such as the prevalence of chronic illness, growing need for patient record management and surveillance, rising healthcare investments, and implementation of IT solutions are also likely to boost the market’s growth over the forecasted era. On the other hand, the high initial capital investment will likely restrict the market’s growth.
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Population Health Management Market Segment Analysis
The global market for population health management has been divided into several segments based on components, end-users, mode of delivery, and region.
The global market for population health management is divided into software and services based on components.
Based on the mode of delivery, the population health management market is split into the on-premise mode of delivery and the cloud-based delivery model.
Based on end-users, the global market for population health management is divided into healthcare payers, healthcare providers, and others.
Population Health Management Market Regional Analysis
The global population health management market is studied across five major regions: North America, South America, Asia-Pacific, Europe, and the Middle East & Africa.
The MRFR report suggests that the North American region will likely dominate the global population health management market with over 70% of the net share. The regional market’s growth is credited to the surge in EHR solutions across the region. The US is the leading growth contributor across the regional market. Furthermore, the exceptional reimbursement policies are likely to boost the regional market’s growth over the forecasted era.
The Asia-Pacific region is emerging to the next major revenue pocket in the global population health management market over the assessment period. The countries such as China, India, and Japan are lucrative markets across the region. The regional market’s growth is attributed mainly to the growing medical tourism. Furthermore, the high adoption rate across the region is another crucial aspect causing an upsurge in the regional market’s growth.
The European regional population health management market is likely to record significant growth over the assessment era. The regional market’s growth is mainly attributed to the growing prevalence of the chronic disease. Furthermore, geriatric pupation across the region is likely to boost the market’s growth over the assessment era.
Population Health Management Market Competitive Analysis
The global market for population health management is anticipated to register substantial growth over the forecasted period. The global market is known for the presence of a wide number of players spread worldwide. The market has lucrative opportunities to offer to the players and thus is witnessing a massive number of new entrants. The global market for population health management has prominent players such as HealthEC LLC, Orion Health, Health Catalyst, Population Health, Koninklijke Philips, Epic Systems Corporation, Arcadia, Cotiviti, Conifer Health Solutions, Citra Health Solutions, Lumeris, Forward Health Group, and several others.
Recent Developments
an accountable care organization, Community Care Alliance (CCA), and a population health management organization, Collaborative Health Systems (CHS), have announced an initiative to start a joint venture called Collaborative Choice Healthcare to develop value-based care in rural Colorado. The initiative will reach rural health practices, health systems, and critical access hospitals throughout Colorado and eastern Utah.
i2i Population Health (i2i) happily announced that it had been selected as a Pipeline Partner of the National Rural Health Association (NRHA). The partnership is another stance i2i has taken to further support rural health organizations and critical access hospitals across the US.
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