Population Health Management Market

Population Health Management Market worth $42.5 billion by 2021

The Population Health Management Market is estimated to grow from USD 13.8 billion in 2016 to USD 42.5 billion by 2021, at a CAGR of 25.2%. Factors such as the growing geriatric population and the subsequent increase in the prevalence of chronic diseases, the need to curb healthcare costs, and increasing government support for the adoption of HCIT are driving the growth of the population health management market.

Browse 65 market data Tables and 34 Figures spread through 146 Pages and in-depth TOC on "Population Health Management Market - Component (Software, Services), End User (Healthcare Providers, Healthcare Payers, Employer Groups, Government Bodies), Mode of Delivery (Web-based, Cloud-based, On-premise), Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/population-health-management-market-263411936.html

The software segment commanded the largest market share in 2016

Based on the component, the population health management market is segmented into software and services. The software segment accounted for the larger market share in 2016 and is projected to register a higher CAGR during the forecast period. This can be attributed to the increasing adoption of population health management solutions due to mandates by the Affordable Care Act.

The healthcare providers segment is expected to register the highest growth between 2016 and 2021

Based on the end user, the population health management market is segmented into healthcare providers, healthcare payers, employer groups, and government bodies. The healthcare providers segment is estimated to witness the highest growth in the population health management market during the forecast period.

The high demand for PHM solutions among healthcare providers owing to the benefits offered by these solutions and the implementation of the Affordable Care Act and Hospital Readmissions Reduction Program in the US, which are aimed at lowering healthcare costs by making use of novel solutions such as population health management, are supporting the growth of this end-user segment.

North America will continue to dominate the population health management market in 2021

Based on the region, the population health management market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share of the population health management market in 2016. Factors such as rising healthcare costs, the increasing prevalence of chronic diseases, the implementation of the Affordable Care Act in the US and the population health approach in Canada, and increasing funding for population health management are contributing to the large share of North America in the global population health management market.

Prominent players in the population health management market include Cerner Corporation (US), McKesson Corporation (US), Allscripts Healthcare Solutions (US), Healthagen (US), OptumHealth (US), IBM Corporation (US), Epic Systems Corporation (US), Conifer Health Solutions (US), Health Catalyst (US), and Philips Wellcentive (US).

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Report Code
HIT 2429
PR Published ON
7/26/2019
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