Population Health Management Market
The global population health management market size was US$ 17.9 billion in 2020. The global population health management market is forecast to reach the value of US$ 121.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.8% over the forecast period from 2022-2030.
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The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
The process of improving clinical health outcomes by enabling enhanced care coordination and patient engagement is known as population health management. Renovating public housing to control asthma, constructing a supermarket in a “food desert,” developing a pro bono system to provide specialty treatment are all examples of population health management.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Population Health Management Marketreport 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Factors Influencing
The growing demand for cost-effective treatment, majorly in emerging nations, is the primary factor driving the market growth. Such demands are increasing the adoption of healthcare information technology (HCIT). HCIT has the potential to maintain the cost-effectiveness of healthcare facilities.
The increasing percentage of the elderly population worldwide may develop promising growth opportunities for the market players in the global population health management market. With the growing geriatric population, the prevalence of chronic diseases would increase. As a result, it would increase the demand for proper health management.
Geographic Analysis
North America held the maximum share in the global population health management market. The region is forecast to grow rapidly in the global population health management market during the forecast period. The growing awareness regarding the benefits of population health management, rising demand for cost-efficient healthcare facilities, government initiatives, and policies are the factors contributing to the regional growth in the global population health management market.
Europe is also contributing to the market growth with a significant share. The region is forecast to witness a significant growth rate, owing to the growing population and increasing adoption of population health management.
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COVID-19 Impact Analysis
The COVID-19 outbreak surged the demand for medical care facilities. The healthcare sector witnessed immense pressure all around the globe. The increasing prevalence of COVID-19 has raised awareness and demand for cost efficiency in medical treatments.
PHM (population health management) is the study and improvement of care delivery in the broader population. The PHM’s goal is to gather and analyze clinical data to improve the health of patients and the financial outcomes of providers. As the healthcare bodies were overburdened by COVID-19 cases, the demand for population health management rapidly increased.
Competitors in the Market
IBM Corporation
McKesson Corporation
Cerner Corporation
Health Catalyst LLC
Wellcentive, Inc. (Koninklijke Philips N.V.)
Conifer Health Solutions LLC
Allscripts Healthcare Solutions Inc.
Verscend Technologies Inc.
UnitedHealth Group
i2i Population Health
Other prominent players
Market Segmentation
By Component
Software
Services
By Mode of Delivery
On-Premise Mode of Delivery
Cloud-Based Mode of Delivery
By End Users
Healthcare Providers
Healthcare Payers
Other End Users
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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