The global population health management market reached USD 48.6 billion in 2021 and USD 163.3 billion by 2027, growing at a CAGR of 21.30% during 2022-27.
SHERIDAN, WYOMING, USA, April 12, 2022 /EINPresswire.com/ — Population Health Management (PHM) is the classification system for individuals in the healthcare, pharmaceutical and insurance industries. It collects and analyzes patient health data to provide a wide variety of services such as patient engagement, care coordination, integration, value-based care measurement, data analytics and health information management. PHM is a patient-friendly platform that maintains and improves the health conditions of different groups. It also regulates treatment costs by providing cost-effective alternatives, facilitates patient communication, reduces risk stratification, improves data aggregation and care coordination.
Base year: 2021
Forecast year: 2022-2027
The global population health management market reached a value of US$48.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$163.3 billion US dollars by 2027 growing at a CAGR of 21.30% in 2022-2027.
Population Health Management Market Trends and Drivers:
The global PHM market is mainly driven by increasing cases of chronic and acute diseases, especially among the geriatric population. In addition to this, PHM provides real-time access as well as medical information to patients and healthcare providers, thus fueling the growth of the market.
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Nowadays, growing penetration of IT solutions in business intelligence solutions and data analytics is creating a positive outlook for the market.
Additionally, the integration of advanced analytics solutions also improves digital data delivery and accurate model generation.
Additionally, technological advancements in the PHM system that offers faster and more accurate diagnoses coupled with the adoption of personalized medicine are expected to facilitate the growth of the market in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Population Health Management Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, eClinicalWorks, Health Catalyst Inc., International Business Machines Corporation, Koninklijke Philips NV, Lightbeam Health Solutions, McKesson Corporation, Nextgen Healthcare Inc., Optum Inc. (UnitedHealth Group Incorporated) and Symphony Performance Health Inc. (Press Ganey Associates).
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The report has segmented the market based on region, component, delivery mode, and end user.
Breakdown by component:
Breakdown by delivery method:
• On the site
Breakdown by end user:
• Health care providers
• Healthcare payers
• Employer groups
• Government agencies
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
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