Transparency Market Research (TMR) has published a new report titled,
“Population Health Management Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast, 2017–2025”. According
to the report, the global population health management market was
valued at US$ 118,500.0 Mn in 2016 and is projected to expand at a
CAGR of 16.1% from 2017 to 2025. Rise in demand for innovative
technologies and adoption of health care IT tools is anticipated to
fuel the growth of the global population health management market
from 2017 to 2025. North America and Europe are expected to dominate
the global market owing to implementation of the Affordable Act in
the U.S. and increase in health care IT spending. Asia Pacific is
projected to be the fastest growing market by 2025. This is
attributed to increase in medical tourism and adoption of population
health management (PHM) tools in developed countries such as Japan
and Australia. The market in Asia Pacific is likely to expand at a
high CAGR of 17% from 2017 to 2025. Introduction of technologically
advanced PHM tools by key players such as Cerner Corporation is
likely to drive the global population health management market.
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Benefits of PHM tools such as data integration, data analysis, care
coordination, and reduction of health care cost have led to increase
in adoption of PHM tools. Chronic diseases such as diabetes and
cardiovascular diseases require identification of high risk patients
and implementation of disease management. This is made possible by
PHM tools. This is one of the factors projected to drive the global
population health management market during the forecast period.
Developed health care IT infrastructure and increase in health care
IT spending are the other factors anticipated to propel the global
market during the forecast period. Lack of awareness about PHM tools
and application software is expected to restrain the global market
from 2017 to 2025.
The report offers detailed segmentation of the global population
health management market based on component, mode of operation, and
end-user. In terms of component, the services segment is poised to
account for the leading share of the global market during the
forecast period from 2017 to 2025. Factors attributed to the higher
share of the segment include services offered by PHM vendors such as
data analysis guidance, end-user training, post-sale services, and
maintenance of software. The segment is anticipated to hold about 40%
share of the global market in terms of revenue in 2016. Based on mode
of operation, the global market has been categorized into web-based,
cloud-based, and on-premise. The web-based segment dominated the
global market in 2016, accounting for over 40% share. The cloud-base
segment is expected to grow at a rapid pace during the forecast
period due to increase in adoption of cloud-based computing.
In terms of end-user, the global population health management market
has been classified into health care providers, insurance providers,
pharmaceutical companies, and others. The health care providers
segment is expected to account for the largest share of the global
market due to increase in use of PHM tools because of added
advantages. The segment held approximately 40% share of the global
market in 2016. The insurance providers segment held the second
largest share of the market in 2016, attributed to advantages of PHM
tools such as identification of high risk patients and hospitalized
patients.
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In terms of region, the global population health management has been
segmented into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. North America held the largest share of
the global market in 2016. The region is projected to dominate the
global population health management market during the forecast period
from 2017 to 2025. The market in North America is anticipated to
expand at a CAGR of 15% to 16% from 2017 to 2025. Well-established
health care infrastructure and strong support from public and private
sectors in terms of reimbursement are attributed to the largest
market share of North America. Rise in awareness about population
health and government initiatives such as the Affordable Care Act are
anticipated to drive the market during the forecast period. Europe is
likely to hold the second largest share of the global population
health management market. The market in the region is estimated to
expand at a CAGR of 15% from 2017 to 2025. Increase in geriatric
population, adoption of health care IT platforms, rise in chronic
diseases, and surge in government initiatives to adopt health care IT
propels the market in the region.
The population health management market in Asia Pacific is expected
to witness exponential growth during the forecast period. Rise in
disposable income, increase in geriatric population, high prevalence
of chronic diseases, and initiatives by governments fuel the growth
of the market in the region. Japan and Australia are the developed
countries in the region, with high adoption of PHM platforms. The
market in Latin America and Middle East & Africa is in a nascent
stage. The market in these regions is likely to experience
significant growth during the forecast period.
Major companies in the global population health management market
include Koninklijke Philips N.V., Lumeris, Health Catalyst, McKesson
Corporation, Cerner Corporation, ZeOmega, Healthagen LLC,
UnitedHealth Group, International Business Machines Corporation, and
Persivia.
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