The global population health management market is expected to reach USD 53.3 billion by 2027, from USD 27.8 billion in 2022, growing at a CAGR of 13.9%
during the forecast period. The growth of this market is driven by growing government initiatives to improve community health, rising patient numbers, growing geriatric population, and growing need to reduce healthcare costs.
New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Population Health Management Market by Component, – Global Forecast to 2027” – https://www.reportlinker.com/p04756169/?utm_source=GNW
However, lack of skilled IT professionals and high infrastructural investments are expected to limit the growth of this market to some extent.
Software segment is expected to be the largest and fastest growing segment in the population health management market, by component
Based on component, software segment is expected to be the largest segment and register the highest growth during the forecast period. Factors responsible for the growth of this segment are increased adoption of software related to improved operational efficiency, lack of upfront capital investment for hardware, improved patient engagement.
Healthcare providers were the largest end-user segment of the population health management market in 2021
The healthcare provider segment is expected to grow at the highest growth rate in the population health management market in 2021. Growing need to reduce healthcare costs, growing need for better financial results, the ACA’s mandates are expected to drive demand for population health management services in the years to come.
APAC will witness the highest growth rate during the forecast period.
The Asia-Pacific Market is expected to grow at the Highest CAGR over the forecast period. Market growth in the APAC region is primarily driven by factors such as improved healthcare infrastructure, growth in medical tourism, government initiatives for adoption of HCIT, rising healthcare expenditure and the Increase in consumer purchasing power will also propel the growth of the market.
The distribution of the main participants is as mentioned below:
• By type of business: level 1: 40%, level 2: 35% and level 3: 25%
• By Designation – Level C: 25%, Director Level: 55% and Other: 20%
• By region: North America: 40%, Europe: 25%, Asia-Pacific: 20%, Latin America: 10% and Middle East and Africa: 5%.
Key Players of the Population Health Management Market
The major players operating in the population health management market are Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US) , Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US), athenahealth (US), Cotiviti (US), NextGen Healthcare, Inc. (US), Conifer Health Solutions ( United States), SPH Analytics (United States), Lightbeam Health Solutions (United States), Innovaccer (United States).
The report analyzes the Population Health Management Market and aims to estimate the market size and future growth potential of various market segments, based on components, delivery mode, end-user and of the region. The report also provides a competitive analysis of key players operating in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to buy the report
This report will enrich the established businesses as well as the new entrants/small businesses to take the pulse of the market, which, in turn, would help them to gain a larger share of the market. The report will help leaders/new entrants in this market. with information on the closest approximations of revenue figures for the overall market and sub-segments.
This report will help stakeholders understand the competitive landscape and acquire more information to better position their businesses and plan a proper go-to-market.
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