Population Health Management (PHM) Solutions Industry: Growing Demand and Expected to Drive Market Growth

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The market is expected to grow owing to the increase in government initiatives and the use of big data in healthcare sector analysis.

VANCOUVER, BC, CANADA, April 11, 2022 /EINPresswire.com/ — The global population health management (PHM) solutions industry is expected to be worth $48.64 billion by 2027, according to a current analysis by Emergen Research. The market is witnessing an increasing demand, mainly due to the adoption of IT in the healthcare sector. Population health management solutions offer options for data integration and storage and patient monitoring, which propels the market demand.

The advent of technologies such as data science, machine learning, and artificial intelligence in the healthcare sector is increasing, which is driving the growth of the market. The shift from fee-for-service to value-based payment creates demand for the market. In addition, the growing awareness of value-based payment, which enables insurance company reimbursement and clinical outcomes, is also impacting growth.

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Population health management solutions improve the efficiency and cost-effectiveness of quality patient care. The solution helps providers and payers manage risks related to reimbursement policies. Population health management solutions enable better patient care management by simplifying risk stratification, patient communication, care coordination and data aggregation.

The focus of population, health management solutions, improves outcome and quality of care while controlling costs. The solutions provide a set of analytical tools and extensive patient data resources to manage disease and predict disease. It also facilitates the delivery of care across a demographic group.

The key players analyzed in the report are:
Epic Systems Corporation, I2I Population Health, Cerner Corporation, Koninklijke Philips, Allscripts Healthcare Solutions, Enli Health Intelligence, IBM Corporation, Optum, Health Catalyst, and Healthec, LLC, among others.

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Market segmentation :
Components Outlook (Revenue, USD Billion; 2017-2027)
Software
Services
After-sales services and maintenance
Consulting services
Training and education services
Implementation Services

Deployment Mode Outlook (Revenue, USD Billion; 2017-2027)
On the site
Cloud-based

End User Outlook (Revenue, USD Billion; 2017-2027)
health care providers
Ambulatory care centers
Hospitals, Physician Groups and Integrated Delivery Networks
Diagnostic and Imaging Centers
Home care agencies, retirement homes and assisted living facilities
Other Health Care Providers
Health Care Payers
Public payers
Private payers
Other

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Some highlights of the report
Healthcare providers have dominated the market as it offers accurate clinical results and helps in better disease management. It focuses on cost-effective patient-centric care driving the market growth.
In October 2020, Health Alliance Plan donated $100,000 to Henry’s Groceries for Health to provide food and promote nutrition. The collaboration between Henry Ford Health System and the Gleaners Community Food Bank will alleviate food insecurity and improve health outcomes for vulnerable patients.
The software segment is witnessing increased demand owing to the adoption of market solutions by users to increase profitability, improve operational efficiency and enhance patient engagement.
The on-premises deployment mode offers several advantages, such as reducing the risk of data breaches, customizing solutions, and reusing current servers and storage hardware. These factors drive market adoption.
Europe held a large share, and there is a growing demand from the UK and Germany, mainly due to the high level of market awareness, increased public-private investment in chronic diseases and of the developed health sector.

regional segmentation;
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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Population Health Management (PHM) Solutions Industry Report Highlights:
Comprehensive overview of the Population Health Management (PHM) Solutions industry along with an analysis of the changing market dynamics
Assessing the growth of various market segments throughout the forecast period
Regional and global analysis of market players including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of technological developments and R&D advancements on the Population Health Management (PHM) Solutions industry
Information on money-making strategies and development strategies of major companies and manufacturers
Relevant information for new entrants wishing to enter the market
Details and information on business expansion strategies, product launches and other collaborations

Thank you for reading our report. The report can be customized as needed. Do not hesitate to contact us for more information, we will ensure that you get the report that best suits your needs.

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