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3. Population Health Management Market - An Overview of Growth Drivers and Major Players

Population health management (PHM) refers to the practice of improving and managing the overall health of a population, with the aim of reducing disease, illness, and mortality. It involves the collection and analysis of health data, the development of strategies to address health disparities, and the implementation of activities to improve public health. PHM includes a variety of activities, such as public health surveillance, health promotion, health education, and health care delivery.

The global population health management market is expected to reach a value of USD 53.3 billion by 2027, growing at a CAGR of 13.9%. This growth is attributed to a range of factors, including the increasing awareness of population health management, the rising prevalence of chronic diseases, and the growing demand for value-based healthcare. Additionally, the growing adoption of health information technology and the increasing number of strategic partnerships between healthcare providers and other stakeholders are expected to drive the growth of the market.

The population health management market is segmented based on product, service, end-user, and region. Based on product, the market is divided into software, services, and hardware. The software segment is further divided into clinical decision support systems, patient engagement systems, analytics and reporting systems, care coordination systems, and other software solutions. The services segment is divided into professional services, managed services, and training and education services. The hardware segment is divided into medical devices, biometric sensors, and other hardware solutions.

Based on end-user, the population health management market is divided into healthcare providers, payers, and employers. Healthcare providers include hospitals, private clinics, and other healthcare facilities. Payers include insurance companies, government organizations, and other payers. Employers refer to private companies, public organizations, and other employers.

Geographically, the population health management market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to have the largest share of the market due to the presence of advanced healthcare infrastructure, the high adoption of healthcare technology, and the increasing prevalence of chronic diseases. Europe is expected to have the second-largest share of the market due to the presence of supportive government regulations and the growing adoption of healthcare technology.

The major players in the population health management market are Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), McKesson Corporation (US), Epic Systems Corporation (US), Philips Healthcare (Netherlands), IBM Corporation (US), Athenahealth, Inc. (US), Health Catalyst (US), and Optum, Inc. (US). These players are adopting various strategies, such as product launches, mergers & acquisitions, collaborations, and partnerships, to increase their market share.

In conclusion, the global population health management market is expected to grow significantly during the forecast period. This growth is attributed to the increasing awareness of population health management, the rising prevalence of chronic diseases, and the growing demand for value-based healthcare. Additionally, the growing adoption of health information technology and the increasing number of strategic partnerships between healthcare providers and other stakeholders are expected to drive the growth of the market.

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