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June 29, 2020, 5:02 a.m. EDT

Population Health Management Market Latest In-Depth Report Segment by Manufacturers, Type, Applications and Dynamics

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Jun 29, 2020 (Profound via COMTEX) -- The global population health management market is projected to reach USD 39.4 billion by 2025 from USD 22.9 billion in 2020, at a CAGR of 11.5% during the forecast period. Market growth can be attributed to government mandates and support for healthcare IT solutions, increasing use of big data analytics, and the need to curtail the escalating healthcare costs. In addition, emerging economies (such as Brazil, Russia, India, South Korea, and China), increasing focus on personalized medicine, and rising focus on value-based medicine are expected to offer lucrative growth opportunities for market players during the forecast period. However, data breaches, lack of skilled analysts, and interoperability issues are adversely impacting the growth of this market.
The software segment accounted for the larger share of the population health management market in 2019

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On the basis of component, the market has been segmented into software and services. In 2019, the software segment accounted for the largest share of the global market. The large share of this segment can be attributed to the increased adoption of software solutions by payers and providers to reduce readmissions, increase cost-effectiveness, improve operational efficiency, enhance patient engagement, and aid data integration and analysis.

On-premise mode of delivery segment accounted for the largest share of the population health management market, by mode of delivery, in 2019
Population health management solutions are delivered to end users through the on-premise and cloud-based modes of delivery. The advantages offered by the on-premise mode of delivery, such as customization of solutions, reduction in the risk of data breaches, and the ability to reuse existing servers and storage hardware are supporting its increased adoption in the population health management market.

Healthcare providers are the largest end users of population health management solutions
On the basis of end user, the market is segmented into healthcare providers, healthcare payers, and other end users. In 2019, the healthcare providers segment accounted for the largest share of the market. The large share of this segment is attributed to the implementation of the Affordable Care Act and Hospital Readmissions Reduction Program in the US (which is aimed at lowering healthcare costs by making use of novel solutions such as population health management) as well as the high demand for PHM solutions among healthcare providers owing to the benefits offered by these solutions.
The APAC market is expected to grow at the highest CAGR during the forecast period
North America accounted for the largest share of the market in 2019. However, the APAC market is expected to grow at the highest CAGR during the forecast period. This can be attributed to the rising medical tourism, the implementation of new ICT guidelines in Japan, investments and reforms to modernize China’s healthcare infrastructure, the rapidly growing healthcare industry in India, and the implementation of IT programs in Australia and New Zealand.

Key Market Players
Prominent players in the population health management market are Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Orion Health (New Zealand), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC, LLC (US), Medecision (US), Arcadia (US), athenahealth (US), Cotiviti (US), NextGen Healthcare, Inc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovaccer (US), Citra Health Solutions (US), Evolent Health, Inc. (US), Lumeris (US), and Forward Health Group (US).

The research report categorizes the market into the following segments and subsegments:

  • Software

  • Services

  • On-premise Mode of Delivery

  • Cloud-based Mode of Delivery

  • Healthcare Providers

  • Healthcare Payers

  • Other End Users (Employer Groups and Government Bodies)

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World

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