Population Health Management Market Size US$184.51 Billion By
Los Angeles, Jan. 20, 2022 (GLOBE NEWSWIRE) — Precedence Research, a newly announced report on “Population Health Management Market Size, Share, Growth, Trends, Regional Outlook and Forecast 2021-2030”.
The growth of the population health management market is driven by growing demand for solutions supporting value-based care delivery by healthcare industry players, increased demand for effective disease management strategies, the increase in the aging population and the growing prevalence of chronic diseases.
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The population health management system is the one that keeps track of patient data. Every hospital needs to know a patient’s medical history. The population health management system facilitates the collection and storage of auditable patient data. It is a business intelligence platform that simplifies patient management. In many sectors, the use of technology is increasing rapidly. As a result, the efficiency of the organization improves. Patient information is disorganized in several areas. This is causing a lot of new problems in the health sector.
Asia-Pacific is the largest segment of the population health management market in terms of region. Medical tourism is the fastest growing industry in the Asia-Pacific region. The fastest growing population health management market is due to the high acceptance rate.
The North America region is the fastest growing region in the population health management market. Population health management systems will be strained due to exceptional reimbursement practices. The largest contributor in the population health management market is the United States
Report scope Population Health Management Market
|Market size in 2020||US$28.79 billion|
|Growth rate from 2021 to 2030||20.5||%|
|Biggest earner||North America|
|Fastest growing region||Asia Pacific|
|Companies covered||Cerner Corporation, Koninklijke Philips NV, Allscripts Healthcare, LLC, Conifer Health Solutions, LLC, Optum, Inc., Athenahealth, Inc., Enli Health Intelligence, eClinicalWorks, McKesson Corporation, Medecision, Advisory Council, Welltok|
- Based on mode of delivery, the online medical services segment dominated the global population health management market in 2020 with the highest market share. By connecting human population data to this platform, the basic goal of online medical services technology is to increase the credibility of medical services.
- On the basis of end-user, the healthcare provider segment dominated the global population health management market in 2020 with the highest market share. Health care providers are medical experts who counsel patients and offer diagnostic and treatment services, such as medications, to help them recover from illness.
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Integration of IT solutions
Using a population health management system facilitates both clinical care and revenue generation. Consequently, healthcare providers are widely adopting the system. Additionally, a variety of tools are available, each serving a unique function in a variety of care settings. These tools make it easy to collect data and optimize healthcare finances for patients, payers and insurers. The penetration of information technology solutions, especially in business intelligence and data analytics, has been a key factor in driving the market forward. The integration of IT solutions allows the car provider to remotely monitor patients, collect data and store data. These factors are likely to fuel the expansion of the global population health management market.
High cost of infrastructural investments
The population health management industry is a capital-intensive industry. The majority of healthcare providers around the world currently lack adequate infrastructure, which includes technology, staff, data, and other resources to handle complex healthcare cases. Providers need to invest heavily in infrastructure development to handle an entire population. Investments are needed in IT infrastructure to increase storage and processing capacities. To ensure patient engagement and health information exchange, web and mobile tools, such as Android and iOS apps, need to be developed. Thus, the high cost of infrastructure investments hinders the growth of the population health management market over the forecast period.
Growing prevalence of chronic disorders
The prevalence of chronic diseases is a major driver of the population health management market. Patients seek treatment for chronic diseases in hospitals. In cases of chronic diseases, there is a strong need for management and monitoring of patient records. The demand for high quality care has increased in recent years due to chronic diseases. As a result; The rising prevalence of chronic disorders creates lucrative opportunities for the growth of the global population health management market over the forecast period.
Lack of data management capacity
In the global population health management market, the lack of data processing capacity in the healthcare sector is a serious challenge. Today, there is only one small health organization capable of managing patient information. The healthcare industry’s lack of expertise in data management is a major concern. It has the potential to slow down the implementation of population health management systems. Inefficient storage of patient data can be caused by a lack of information technology capabilities. Thus, the lack of data management capability is a major challenge for the growth of the global population health management market.
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By delivery method
- On the spot
By end use
- Group of employers
By regional perspectives
- North America
- Asia Pacific
- South Korea
- Rest of the world
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