Population health management (PHM) is the practice of classifying groups of individuals and helps in maintaining & improving health conditions of these groups. PHM is a patient friendly platform which aids in managing treatment costs by providing better cost efficient alternatives. In addition, the platform also helps the payers and providers to manage risks associated with reimbursement policies. In the recent years, the healthcare system has largely become patient centric. Population health management enables healthcare organizations to provide high quality patient care at low costs. This platform simplifies risk stratification, care coordination, patient communication, and data aggregation for better patient care management.
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The List of Companies
1. Siemens Healthcare GmbH
2. Conifer Health Solutions, LLC.
3. Cigna
4. Allscripts Healthcare Solutions, Inc
5. Cerner Corporation
6. McKesson Corporation
7. Health Catalyst
8. Koninklijke Philips N.V.
9. ZeOmega
10. Optum, Inc.
The rising penetration of IT in the field of healthcare is expected to fuel growth of the market in the coming years. Benefits offered by population health management systems, such as remote patient monitoring, data integration and data storage is expected to be a driving factor in the market. Rising awareness regarding the adoption of better personalized medicine is expected to offer growth opportunities for the players operating in the market in the coming years.
Based on component, the market is segmented as service and software. The population health management market based on the mode of delivery is segmented as on premise, cloud based, and web based. Based on end users, the market is segmented as healthcare payers, healthcare providers, government bodies, employer groups, and other end users. Healthcare payers are further classified as insurance firms and individual users. Healthcare providers are classified as physicians and hospitals.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global population health management market based on component, mode of delivery, and end user. It also provides market size and forecast till 2025 for overall population health management market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South and Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
The market of population health management is anticipated to witness rapid growth in the region of North America in the coming years, due to rising prevalence of chronic disorders in the population along with increase in the number of funds offered towards population health management. During the forecast period, Asia Pacific is expected to offer wide growth opportunities for the growth of population health management market. The growth of the market in Asia Pacific can be attributed to digitalization of healthcare system in India and China. In addition, the growth of medical tourism in Asian countries is anticipated to offer significant growth opportunities for the market of population health management during the forecast period.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
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