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Population Health Management Market is Gaining Huge Growth in Upcoming Years | Forward Health Group, Epic Systems Corporation, Lumeris, Koninklijke Philips
Population Health Management Market Overview -The Population Health Management Market is experiencing substantial growth as healthcare providers seek comprehensive solutions to improve patient outcomes and control costs. Population health management encompasses a range of strategies aimed at addressing the health needs of entire populations or communities. These strategies often leverage data analytics, care coordination, and patient engagement to identify and manage health risks effectively. By analyzing data from various sources, including electronic health records and claims data, healthcare organizations can gain valuable insights into population health trends, enabling them to implement targeted interventions and preventive measures.
The population health management market size was USD 68.4 billion in 2021, and it is expected to rise from USD 81.5 billion in 2022 to USD 396.13 billion by 2032, with a compound annual growth rate (CAGR) of 19.2% during the forecast period (2023-2032).
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Moreover, population health management platforms facilitate care coordination among healthcare providers, ensuring seamless transitions between different care settings and optimizing resource utilization. The emphasis on value-based care models and accountable care organizations further drives the adoption of population health management solutions, as providers seek to achieve better outcomes and financial incentives by improving population health metrics. Additionally, the increasing prevalence of chronic diseases and the aging population underscore the importance of proactive population health management strategies in addressing complex healthcare challenges. As healthcare systems worldwide continue to prioritize population health initiatives, the Population Health Management Market is poised for significant expansion, offering innovative solutions to enhance healthcare delivery and population well-being.
Market Competitive Landscape:
The worldwide population health management market is benefiting from strategies implemented by numerous market participants, including as
Forward Health Group
Epic Systems Corporation
Lumeris
Koninklijke Philips
Citra Health Solutions
Population Health
Conifer Health Solutions
Health Catalyst
Cotiviti
Orion Health
Arcadia
HealthEC LLC
Population Health Management Market Segmentation
MRFR's analysis of the global population health management market is divided into four segments: component, solution, distribution channel, and end-user. This provides a complete view of the worldwide market, facilitating the implementation of strategic initiatives.
The population health management market is divided into three components: hardware, software, and services. Consulting, training, and education, as well as post-sales and maintenance services, are all part of the services category.
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The Population Health Management Market is divided into four solutions: patient engagement, data integration and administration, analytics, and care coordination. The data integration and management segment is further divided into financial data integration, clinical data integration, real-time data exploration, data warehousing, and others. Predictive analytics, point-of-care decision assistance, and other technologies fall under the analytics category. The patient involvement sector includes multimodal communication, remote monitoring, treatment plans, monitoring and compliance, and others. The care coordination section includes real-time alerts, automated care management workflows, care team coordination, clinical reporting, and other features.
The population health management market may be classified into four delivery modes: on-premise, web-based, cloud-based, and app-based. The growing use of smartphones may increase the need for app-based services.
The population health management market is divided into four end-user segments: government organizations, healthcare providers, healthcare payers, and others.
Population Health Management Market Regional Insights
MRFR's region-specific analysis of the population health management market includes the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
Technological brilliance, robust healthcare infrastructure, and digitization in the region are driving the growth of the Americas market. Aside from the previously mentioned attributes, the region is predicted to take the lead due to a number of factors such as government initiatives, advantageous legislation, and others. Europe's market is very comparable to that of the Americas.
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The regional market is the second largest due to the technical percolation that is occurring between countries. Government initiatives and increased investment in R&D are giving the market an advantage over competitors, second only to the Americas.
India, China, and other countries are providing significant tailwinds to the APAC industry. The region has the potential to become the fastest expanding region during the predicted period. It can be attributed to increased digitalization, a restructuring of the healthcare sector, more investment in the healthcare sector, commercial and government activities in the healthcare sector, and people's growing investment ability.
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