What's driving the Population Health Management Market Share? | Key Players are Cerner Corporation, McKesson, Philips Wellcentive, Conifer Health Solutions, IBM, Optum, Health Catalyst

The population health management market size is growing at a CAGR of 23.3% between 2016-2022. The growing geriatric population, increasing prevalence of chronic diseases, Affordable Care Act, increasing investments by HIT players and increasing healthcare spending are driving the growth of the PHM market.

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In terms of delivery mode, the PHM market has been segmented into web based, cloud based and on-premise. In 2015, the web-based delivery mode was the largest contributor to the PHM industry. However, the cloud-based delivery mode was the segment to witness highest growth rate during 2016-2022.

In terms of component, the PHM market has been segmented into software and service. In 2015, the software component held the major share in the global market and the segment would also witness higher growth during 2016-2022.

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Although, the PHM market is largely concentrated in the U.S., emerging economies such as China, India and Brazil offer ample growth opportunities. Huge unexplored market in the Asia and other developing regions create huge revenue generation opportunities for PHM vendors. The healthcare industry is witnessing significant growth in these countries. In addition, the large population base and improving healthcare infrastructure create suitable platform for the penetration of PHM in these countries. Moreover, low healthcare cost in these regions is driving the medical tourism industry in these countries. The healthcare providers in these countries are depending on the electronic health records for tracking patient history. PHM programs offer better healthcare at lower cost for such patients. The governments in these countries are moving towards universal healthcare coverage, therefore, increasing the healthcare access in these countries. The rapid adoption of health analytics and development of healthcare information infrastructure in emerging economies would offer ample growth opportunities for the PHM market in the coming years.

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Some of the key companies operating in the population health management market include:
1- Cerner Corporation
2- McKesson
3- Philips Wellcentive
4- Conifer Health Solutions
5- IBM
6- Optum
7- Health Catalyst

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