Global Population Health Management Market - Segmented by Component, Delivery Mode, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Population Health Management Market has is expected to grow at a CAGR of 21.7%, during the forecast period(2018-2023). North America accounts for the largest geographical market, and is expected to show a tremendous growth in the future.
The Need to Build a Single Platform for Patient’s Record and Management
Many healthcare providers have been working on programs to improve the health of the people at risk. Hence, technology plays an immense role in analyzing the health of the. Some of the software developed to track the patient-data are IntelliChart, ClientTrack, OnBase, Allscripts Care Management, etc. With these solutions, patients’ clinical data will be available, as they move throughout the care continuum, with no information being lost during each care transition. Hence, by utilizing these solutions, hospitals and patients can easily access the health records. Also, hospitals can improve their productivity, remove redundancy, and increase the patient-data safety. Therefore, the need of the population health management is a major driving factor for the growth in the market.
The other factors include, the growing chronic disease population requires long period of surveillance, increasing support and investment from public and private organizations, and favorable government policies.
Need of Multi-Disciplinary Team for Effective Implementation
The population health management solutions are a bit complex, as they are comprehensive databases and can’t be limited to a specific function. The effective implementation of such solutions needs the help of every department and receiving a positive response from every department is not easy. In case a response is obtained, it takes lot of effort and time. This has limited the adoption of EHR/EMR solutions in the developed countries. In the developing regions, the EHR/EMR adoption is also limited as, professionals are not willing to switch to the new technologies. Due to this, people are limitedly implementing the use, which is declining the market.
Reimbursement issue is also a restraining factor for the growth of the market.
North America Dominates the Market
Geographically, North America has been accounted for the largest share of the population health management market in terms of revenue in 2016. The Asia-Pacific region is also expected to expand in the future, due to the growing medical tourism and the rapidly expanding healthcare industry in China and India.
Key Developments in the Market
June 2017: Cerner Corporation has recently announced Carolinas HealthCare System (CHS), which will implement the EHR vendor’s population health management platform, HealtheIntent, for improved coordinated care
Major Players: ALLSCRIPTS HEALTHCARE SOLUTIONS INC., CERNER CORPORATION, MCKESSON CORPORATION, IBM, EPIC SYSTEMS CORPORATION, HEALTH CATALYST, OPTUM, CONIFERHEALTH, PHILIPS, AND HEALTH CATALYST LLC, amongst others
Reasons to Purchase this Report
Current and future global Population Health Management Market outlook in the developed and emerging markets
Various perspectives of the market, with the help of Porter’s five forces analysis
The segment expected to dominate the market
The region expected to witness the fastest growth rate during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook