Population Health Management (PHM) Solutions Market Projected to Surpass $75.97 Billion by 2030: Meticulous Research® Unveils Exclusive Insights

[Redding, California, March 20, 2024] - In a comprehensive market analysis titled "Population Health Management (PHM) Solutions Market by Component (Software, Services), Mode of Delivery (On Premise, Cloud and Web), End User (Healthcare Providers, Payers [Private, Public], Employer Groups)-Global Forecast to 2030," Meticulous Research® forecasts a robust CAGR of 10.9% from 2023 to 2030, propelling the population health management (PHM) solutions market to a staggering valuation of $75.97 billion by 2030.

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A Paradigm Shift Towards Value-Based Care:
The healthcare landscape is witnessing a seismic transformation, transitioning from a volume-based care model to a value-based reimbursement structure, epitomized by the burgeoning adoption of population health management (PHM) solutions. This patient-centric approach harnesses data across the healthcare continuum to optimize patient outcomes, enhance population health, and curtail healthcare costs. Amidst this transformative shift, PHM emerges as a potent catalyst poised to revolutionize the healthcare landscape.

Driving Forces and Market Dynamics:
The exponential growth trajectory of the PHM solutions market is underpinned by an array of factors, including the escalating prevalence of chronic diseases, burgeoning geriatric population, and burgeoning adoption of healthcare IT solutions. Moreover, progressive government initiatives aimed at bolstering preventive healthcare, coupled with a burgeoning emphasis on building comprehensive disease registries, augur well for market expansion. Nevertheless, lingering concerns pertaining to patient data privacy and interoperability issues pose notable challenges to market growth.

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Rising Focus on Value-Based Care Model to Galvanize Market Expansion:
The ascendancy of the value-based care model heralds a new era in healthcare delivery, steering the industry towards enhanced care delivery, superior population health management, and cost optimization initiatives. In the United States, the Centers for Medicare & Medicaid Services (CMS) spearheads a panoply of value-based care models, including the Medicare Shared Savings Program and patient-centric medical homes, underscoring a concerted push towards accountable, value-driven care delivery. A similar paradigm shift towards value-based care is gaining traction across Europe and other developed and emerging economies, heralding a global healthcare renaissance.

Segmentation and Projections:
The PHM solutions market delineates into a comprehensive array of segments, encompassing component types such as software and services, mode of delivery including on-premise and cloud-based solutions, and end-users spanning healthcare providers, payers, and other stakeholders.

Based on component type, the software segment is expected to account for the largest share of the population health management (PHM) solutions market. The large market share of this segment is attributed to reduced hospital readmissions and the high adoption of PHM software for improving patient engagement.

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Based on mode of delivery, the cloud-based and web-based segment is projected to register the highest CAGR over the forecast period. The growth of this segment is attributed to the increasing demand for cloud-based and web-based technologies in healthcare IT solutions to lower maintenance costs and enable easy accessibility to patient data.

Based on end user, the healthcare providers segment is expected to account for the largest share of the population health management (PHM) solutions market. The high adoption of healthcare IT solutions by a growing number of healthcare providers across the globe and the increasing penetration of PHM systems in hospitals are primarily due to the availability of funds are the factors contributing to the large market share of this segment.

Based on geography, Asia-Pacific emerges as a hotbed of market opportunity, fueled by a myriad of factors including burgeoning PHM initiatives in Australia, burgeoning medical tourism in Asia, and concerted efforts towards healthcare digitization in key economies such as India and China.

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Key Market Players:
The PHM solutions market boasts a dynamic competitive landscape, characterized by the presence of industry titans and emerging players vying for market supremacy. Key market stakeholders include Allscripts Healthcare, LLC, Oracle Corporation, Deloitte Tohmatsu LLC, among others, each leveraging innovative strategies to cement their foothold in the burgeoning PHM solutions landscape.

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