North America Holds Major Market Share in Population Health Management Industry

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Global Population Health Management Market 2021-2028

HYDERABAD, TELANGANA, INDIA, Feb. 18, 2022 /EINPresswire.com/ – Population Health Management Market Forecast to 2028 – Global Analysis by Component (Software, Services), Delivery Mode (Cloud Based , on-premises, web-based), and by geography

The global population health management market is worth $25.33 billion in 2021 and is expected to reach $69.06 billion by 2028, growing at a CAGR of 15.4% during the forecast period . Population health management refers to a program where patient data is combined across many health information technology resources. This enables analysis of this collected data into a single, actionable patient record, enabling healthcare professionals to improve clinical and financial outcomes for their patients. Most population healthcare management programs use a business intelligence tool for data aggregation, which allows healthcare professionals to build a precise and accurate clinical picture of each patient. The cloud-based segment is expected to be the largest during the forecast period, due to the increase in the number of advantages, such as low licensing and start-up costs, low maintenance costs and requirements infrastructure, and wider accessibility. North America is expected to hold the highest market share, owing to big data and cloud computing, continuous government reforms, establishment of encouraging regulations, healthcare infrastructure well-established healthcare, pressure on healthcare institutions to reduce costs, and growing trends in healthcare. computing and the growing burden of sick patients. Asia-Pacific is expected to have the highest CAGR, due to the implementation of several PHM programs in Australia, the growth of medical tourism in Asia, the rapid growth of the healthcare industry in India, investments and reforms to modernize China’s healthcare infrastructure and improving HCIT infrastructure in APAC.

Some of the key players featured in the population health management market include Allscripts Healthcare Solutions, Arcadia, Athenahealth, Cerner Corporation, Cotiviti (Verscend Technologies), Eclinicalworks, Enli Health Intelligence (a Cedar Group Technologies), Epic Systems Corporation , Health Catalyst, Healthec , LLC, I2I Population Health, IBM Corporation, Koninklijke Philips, Medecision, Optum Inc. (a subsidiary of Unitedhealth Group).

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