The market for U.S. population health management solutions is
expected to see various strategies that are being adopted by market
players to keep up with technological elevations. In a report that is
being published by Transparency Market Research (TMR), most of the
market players could constantly innovate in the market through means
of the development of novel software and services. Apart from this,
improvisation of existing offerings to keep up with the technological
advancement in the market is also another factor that is driving the
market. This could result in helping market players secure a totally
reliable position in the industry. Some of the prominent market
players that are involved with population health management solutions
in the U.S. are Health Catalyst, Healthagen, and IBM.
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In accordance with the statistics of TMR, the U.S. population health
management solutions market could earn revenue of around US$ 45.7 bn
by the year 2023 at a CAGR of 23.9% over the forecast timeframe that
extends from the year 2015 to 2023. By the type of source, the
services market is expected to achieve a higher growth rate between
the year 2015 and 2023.
The demand pertaining to the U.S. population health management
solutions market is expected to gain momentum at the back of the
robust enforcement of beneficial healthcare acts in the US. The
demand for population health management solutions in the U.S. are
expected to be encouraged by the soaring prevalence of chronic
ailments in the US. Apart from this, the expanding size of the base
of geriatric population in the country is likely to result in the
augmented demand of the market. The regional market of North America
is likely to be a popular choice for population health management
solutions, taking into consideration the increase in total spending
on healthcare in the last few years. This would offer an impetus to
the said market.
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There has been a growing demand for the implementation of effective
and efficient population health management solutions owing to the
alarming rise in the expenses related to healthcare. The U.S.
government could, however, resort to the precise tracking of the
health of the population. There could be a need for population health
management solutions for the purpose of accomplishing the requirement
to come up with healthcare enterprises that are patient-centric and
organize an efficient population health management practices. As
such, providers of healthcare are expected to incorporate population
health management solutions at an increased rate.
The market for population health management market in the U.S. has
been classified on the basis of mode of operation, end user, and type
of source. On the basis of source, population health management
software and the population health management services are the two of
the significant market categories of the population health management
market in the U.S. Of the two the classifications, the category of
population health management services is very likely to secure the
foremost position in the said market. The fast advancement of this
segment can be linked to the increasing requirement for high
productivity and cost effectiveness that is being given by the
population health management services.
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On the basis of end user, the market for U.S. population health
management has been classified into diagnostic and imaging centers,
medical device organizations, government insurance providers,
research institutes, employers, pharmaceutical companies, private
insurance providers, and healthcare providers. Of all of these
categories, healthcare providers are poised for substantial growth
during the period of forecast.
Increased expenditure on healthcare, private investments, and soaring
consciousness regarding health in the domain of population health
management solutions in the U.S. are attributed with the distinct
progress of this market category. Furthermore, the increasing elderly
population base across the country is also fuelling the improvisation
and implementation of population health management solutions by the
healthcare providers.
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