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According to a new report Global Population Health Management Market, published by KBV Research, The Global Population Health Management Market size is expected to reach $100.1 billion by 2025, rising at a market growth of 21.1% CAGR during the forecast period.
The services segment recorded a dominating market share as hospitals and other healthcare providers now choose the in-house system and avoid requiring third parties to analyze patient data. The increased demand for integrated healthcare systems is also contributing to the growing market for PHM solutions. The Software market is expected to witness a CAGR of 21.4% during (2019 - 2025).
Healthcare providers recorded the majority of the share of the market in 2019. PHM increases clinical outcomes by helping to improve disease control, resulting in reduced patient stay and increased physician observation hours. Providers can, therefore, focus more on patient-centered treatment and reduce overall costs. Payers are third-party agencies that fund or reimburse the cost of health care. Predictive analytical competence gives payers an advantage over other providers in understanding population activity and unstructured clinical information. This competitive edge is essential in increasing demand for payer PHM software and is projected to grow at a significant CAGR 21.7% over the forecast period.
North America is expected to have the largest share of the global market. The Asia Pacific PHM market is expected to experience the fastest growth of 22.5% during the forecast period due to improved healthcare infrastructure and increased expenditure on healthcare. In addition, the prevalence of chronic diseases in the Asia-Pacific region is expected to increase exponentially over the forecast period. The Europe market is experiencing a CAGR of 20.6% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/population-health-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AllScripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, Tenet Healthcare Corporation (Conifer Health Solutions, LLC), eClinicalWorks LLC, UnitedHealth Group, Inc. (Optum, Inc.), Koninklijke Philips N.V., Athenahealth, Inc. (Veritas Capital), IBM Corporation, and Epic Systems Corporation.
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