Population Health Management Market Research Includes Historical, Forecast Data, Market Demand, Price Trends, and Company Share By 2026 – Allscripts, McKesson Corporation, Cerner Corporation, Conifer Health Solutions

Population Health Management Market Snapshot:

The global population health management market attained a value of USD 20 billion in 2018 and is expected to grow at a CAGR of 17% during the forecast period, 2019–2026.

Population health management covers collection and analysis of patient data from various health information technology resources to improve patients’ health and decrease the financial burden on patients. Population health management is based on a technology that supports data collection, governance, and analysis. Moreover, it pays attention to data integration and analysis, actionable insights, patient-centered care management, and patient engagement.

Rising burden of chronic diseases is also flourishing the adoption of population health management solutions globally. As per our database, chronic diseases account for nearly seven out of ten deaths in the U.S. and remain accountable for 86% of the national healthcare spending. For instance, diabetes is one of the chronic diseases, which accounts for over 20% of the healthcare spending in the U.S. ‘Medication non-adherence’ is a critical issue observed in diabetic patients that leads to additional complications. However, this issue can be solved with the development of personalized adherence plans that further reduces healthcare costs by reducing hospital or emergency visits.

Shifting trend towards value-based care over volume-based care in the U.S., rising geriatric population, subsequently increasing the prevalence of chronic diseases, and growing adoption of healthcare IT solutions are the key factors driving the population health management market growth. The supportive legal framework in the U.S. is also one of the key market drivers. For instance, in February 2009, the U.S. president Barack Obama signed the Health Information Technology for Economic and Clinical Health Act (HITECH Act) to promote the implementation of electronic health records in the country. This law enabled sharing of protected health records of the patients across healthcare settings.
Development of innovative service offerings by the company is one of the market drivers. In March 2015, Humana announced the launch of two population health management services suites, namely Transcend Insights and Transcend. Recurring revenue generated from the services is the key contributing factor to the highest revenue share. From the last few years, the market has been witnessing increased demand for population health management services to combine multiple functionalities to assure the efficiency in care delivery.

The software segment is expected to grow at the fastest CAGR over the forecast period due to increasing R&D activities to provide an integrated software solution in population health management. Integration of wearable technologies and IoT is further offering lucrative opportunities for the market. Wearable technology tracks various health parameters such as sleep patterns and heart rate that are crucial for monitoring health. With the development of innovative population health-based software, the health system can collect, track, and analyze this data to develop a treatment therapy for the patients. Moreover, end-user spending on wearable technology is also expected to increase in the coming years.

North America accounted for the greater revenue share in 2018. This can be attributed to advanced healthcare IT infrastructure, high adoption rate of healthcare IT solutions, and the shifting trend towards value-based care for cutting healthcare expenditure. After enforcement of HITECH act, 2009, nearly 84% of hospitals in the U.S. adopted basic EHRs as of 2015. Also, numerous leading IT companies are making a huge investment in this region to expand their footprint and overall market share. For instance, Agfa, Microsoft, General Electric (GE), IBM Canada Healthcare, Siemens Canada, Philips Healthcare, and McKesson Canada are some of the players that have significantly invested in Canadian healthcare IT sector.

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The Major Prominent Players Covered in this Report:
Allscripts, McKesson Corporation, Cerner Corporation, Conifer Health Solutions, LLC., eClinicalWorks, McKesson Corporation, Optum Inc, Koninklijke Philips N.V., and Athenahealth, Inc.

By Component, Software, Services
By End-Users, Healthcare providers, Payers, Employers
By Mode of Delivery, On premise, Web based, Cloud based

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Population Health Management in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Population Health Management market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Population Health Management and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Population Health Management. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Population Health Management market growth rate?
What are the key factors driving the global Population Health Management market?
Who are the key manufacturers in the Population Health Management market space?
What are the market opportunities, market risk, and market overview of the Population Health Management market?
What are sales, revenue, and price analysis of top manufacturers of the Population Health Management market?
Who are the distributors, traders, and dealers of the Population Health Management market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Population Health Management Industry?
What are sales, revenue, and price analysis by regions of Population Health Management industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Population Health Management Market Trends:
- The report identifies, determines, and forecasts the Global Population Health Management Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Population Health Management Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Population Health Management Market.

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