Global Population Health Management Solutions Market, By Component (Software, Services), Mode of Delivery (Web-Based, On-Premise, Cloud-Based), End-User (Healthcare Providers, Healthcare Payers, Employer Groups, Government Bodies) - Industry Trends and Forecast to 2029.
Market Analysis and Insights
In the recent years, the medical industry has transformed from a paper-based system to a digitized system. Population Health Management (PHM) is referred as a practical and patient-centric approach that utilized data from across the healthcare continuum for improving quality of care and health of populations, and reducing the cost of care.
- Population health management is known to be a patient friendly platform that supports in regulating the treatment costs. Data Bridge Market Research analyses that the population health management solutions market is expected to reach the value of USD 232.22 billion by the year 2029, at a CAGR of 25.50% during the forecast period. “Healthcare providers” accounts for the largest end user segment in the health management solutions market owning to the presence of government mandates and rise in healthcare costs.
Population Health Management Solutions Market Dynamics
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Use of big data analytics
It is a challenge to store the bulk data generated by the electronic health records (EHR) on the local storage devices due to the risk associated with the loss of essential data. Hence, deploying these population health management solutions becomes critical to enable easy sharing and storage of big data.
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Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
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Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.
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The increase in the cost of operations and the decline in reimbursements for laboratory services
The surge in the cost of various medical procedures, along with the reduction in reimbursements for laboratory services, accelerate the demand for population health management solutions across healthcare providers and healthcare payers.
Additionally, advancements in healthcare infrastructure, high demand for expanded care delivery, and surge in healthcare expenditure positively affect the population health management solutions market.
Opportunities
Additionally, focus on personalized medicine extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Advanced analytics and predictive modeling applications allow healthcare organizations in treating patient in a personalized way to produce the best possible outcomes. Additionally, popularity of value-based medicine expand the population health management solutions market's growth rate in the future.
Restraints/Challenges
On the other hand, high investments in infrastructure to set up robust PHM program and data breach concerns are expected to obstruct market growth. Also, lack of data management capabilities and skilled analysts and interoperability issues are projected to challenge the population health management solutions market in the forecast period of 2022-2029.
This population health management solutions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the population health management solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Population Health Management Solutions Market
Medical practices of all sizes are under immense pressure due to the COVID-19 outbreak. The rise in prevalence of COVID-19 has accelerated the demand for accurate diagnosis and treatment devices in various regions. Population health management solutions have been really in demand as they allow healthcare providers to seamlessly integrate solutions such as patient management, care management and HER to healthcare payer solutions.
Recent Development
- Phillips Healthcare (Netherlands) partnered with openDoctor (US) in March 2021, to deliver an integrated radiological patient engagement platform that leverages openDoctor’s real-time online appointment scheduling services.
- Phillips Healthcare (Netherlands) launched Patient Flow Management Solution in February 2021 that provides full remote information access.
Global Population Health Management Solutions Market Scope and Market Size
The population health management solutions market is segmented on the basis of component, mode of delivery and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Software
- Services
Based on component, population health management solutions market is segmented into software and services.
End User
- Healthcare Providers
- Healthcare Payers
- Employer Groups
- Government Bodies
Population health management solutions market has also been segmented based on the end user into healthcare providers, healthcare payers, employer groups and government bodies.
Mode of Delivery
- Web-Based
- On-Premise
- Cloud-Based
Based on mode of delivery, the population health management solutions market is segmented into web-based, on-premise and cloud-based.
Population Health Management Solutions Market Regional Analysis/Insights
The population health management solutions market is analysed and market size insights and trends are provided by country, component, mode of delivery and end user as referenced above.
The countries covered in the healthcare interoperability solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the population health management solutions market because of the increase in healthcare costs within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the improving healthcare infrastructure and rising healthcare expenditure in the region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The population health management solutions market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for population health management solutions market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the population health management solutions market. The data is available for historic period 2010-2020.
Competitive Landscape and Population Health Management Solutions Market Share Analysis
The population health management solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to population health management solutions market.
Some of the major players operating in the population health management solutions market are Koninklijke Philips N.V., Cerner Corporation, McKesson Corporation, Allscripts Healthcare, LLC, Healthagen, Optum, Inc., IBM Corporation, Conifer Health Solutions, LLC., Health Catalyst., i2i Population Health, Accenture., Deloitte LLP, NXGN Management, LLC, Fonemed., Xerox Corporation, Medecision, and ZeOmega, among others.
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