Global Population Health Management Market Forecast 2017-2025
The Global population health management market is expected to rise at a CAGR of 25.62% over the forecast years of 2017-2025. The key factors driving the market growth are increasing healthcare expenditure, government spending, rising need for cost-effective healthcare for the growing geriatric population, the recent application of artificial intelligence technique in PHM and the continued support for PHM in spite of the uncertainty of the affordable care act in the U.S.
The global population health management market is segmented on the basis of mode of delivery, components, end users and applications. The mode of delivery can be either cloud-based, mobile based, web-based, or on premises. The market components include service and software. The end-users for the market include healthcare payers, healthcare providers, employer group, and government bodies. The end-users for the market are automated patient center medical home, hospital readmission reduction, patient outreach and no-show rate reduction
Geographically, the global population health management market encompasses regions like North America, Asia-Pacific, Europe and rest of world. Presently, North America is leading the global population health management market with a market share of 48%. However, it is the Asia-Pacific market that is predicted to grow fast over the forecast period with countries like India, China, and Japan being its major contributors. The population health management software has a high potential in the APAC market and is as touted to become a pivotal tool for the hospital administration in the region.
The top five global market players are Cerner Corporation, Optum Health, International Business Machines Corporation (IBM), All Scripts Inc and Conifer Health Solutions, who collectively contribute 34% of the market share. Most of these players are relying on strategies like agreements, partnerships, collaborations, merger & acquisition, product launch, etc. to compete in the market. The other prominent players in the market include Accenture Plc, Cognizant, Conifer Health Solutions, Llc, Deloitte, Epic Corporation, Inc, Healthagen, Llc, Health Catalyst, Llc, Medecision, Inc, Orion Health, Optumhealth, Inc, Verscend Technologies, Inc. (Acquired By Veritas Capital ) and Wellcentive, Inc. (Acquired By Phillips)
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