Key Market Insights
“Increasing use of big data analytics along with rising needs to curtail escalating healthcare costs to increase adoption of population health management solutions will boost the market”
The global population health management solutions market is growing proficiently, projected to grow at a CAGR of 13.6% during the expected period from 2019 to 2027, starting from US$ 16.65 Bn in 2018.
The growing awareness amongst the physicians and patients regarding the benefits of population health management solutions has been directly impacting the growth of the market. Increasing focus on preventive care, rising occurrences of chronic diseases among geriatric population, introduction of healthcare IT solutions and implementation of affordable care act in the U.S. are some of the factors that will accelerate the growth of the population health management solutions market in the forecast period of 2020-2027. On the other hand, increasing need of value based care model will further create new and ample opportunities for the growth of population health management solutions market in the above mentioned forecast period. Security concern and data breaching and lack of data interoperability are acting as a market restraint for the growth of population health management solutions during the above mentioned forecast period.
Market Synopsis
Component Analysis
“Rising potential markets to provide high-growth adoption rate towards IT technology for software solutions will drive the demand for softwares globally”
On the basis of component, the market has been segmented into software and services. In 2019, the software segment accounted for the largest share of the global market. The large share 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. Typically, PHM programs use a business intelligence (BI) tool to aggregate data and provide a comprehensive clinical picture of each patient. Using that data, providers can track, and hopefully improve, clinical outcomes while lowering costs.
Furthermore, a best-in-class PHM program brings clinical, financial and operational data together from across the enterprise and provides actionable analytics for providers to help improve efficiency and patient care. Delivering on the vision of PHM requires a robust care management and risk stratification infrastructure, a cohesive delivery system, and a well-managed partnership network.
Regional Analysis
“Dominance is led by rising IT industries coupled with intensifying government mandates and investments towards record storage to drive the market growth.”
North America dominates the population health management solutions market due to the presence of prominent market players in this region. The country section of the population health management solutions market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
List of Companies Covered:
- Microsoft
- Cerner Corporation
- Epic Systems Corporation
- Koninklijke Philips
- I2I Population Health
- Health Catalyst
- Optum (A Part of Unitedhealth Group)
- Enli Health Intelligence
- Eclinicalworks
- Allscripts Healthcare Solutions
- IBM Corporation
- Healthec, LLC
- Medecision
- Arcadia
- Athenahealth
Key Industry Development:
- In January 2020, Allscripts partnered with MyndYou Inc. to enable Allscripts EHR providers to promote population health through MyndYou’s care portal, app platform, and virtual care manager, which identifies and monitors high-risk triage patients.
- In October 2019, Cerner collaborated with i2i Population Health (US) to combine Cerner’s comprehensive population health management tools with i2i’s EHR-agnostic capabilities in order to support users to drive positive, sustainable outcomes for community health centers, primary care associations, and rural health systems.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Component Type (2017–2027; US$ Bn)
• Software
• Services
|
|
Mode of Delivery (2017–2027; US$ Bn)
• On-Premise
• Cloud-Based
|
|
End-user (2017–2027; US$ Bn)
• Healthcare Providers
• Healthcare Payers
• Other End Users
|
|
Geography (2017–2027; US$ Bn)
• North America (U.S.,Canada)
• Europe (U.K., Germany, Spain, Italy, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of Asia Pacific)
• Rest of the World (Latin America, Middle East & Africa)
|
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall population health management solutions market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the population health management solutions market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which type segment holds a larger market share and why?
- Are low and middle-income economies investing in the population health management solutions market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
