DUBAI, UAE, Nov. 22, 2023 /PRNewswire/ -- According to the recent report published by Kings Research, the global Population Health Management Market was valued at USD 37.23 billion in 2022 and is anticipated to reach USD 140.99 billion by 2030, growing at a CAGR of 18.11% from 2023 to 2030. Major factors pivotal to the market growth include an aging population, soaring healthcare expenses, and a rise in chronic illnesses. The market includes various services and technologies aimed at improving healthcare and reducing costs.
Population Health Management (PHM) is a strategic healthcare methodology that harnesses data analytics and cutting-edge technology to optimize health outcomes for a wide demographic. It involves a comprehensive toolkit of data-driven strategies, technologies, and interventions for monitoring and enhancing patient well-being, streamlining healthcare delivery, and offering personalized interventions for improved outcomes. The PHM market encompasses a spectrum of software, services, and devices specifically designed to elevate health results, boost patient contentment, and curtail overall healthcare expenditures.
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Competitive Landscape
Leading industry participants are emphasizing various strategic approaches, including partnerships, mergers, acquisitions, innovative product development, and collaborative ventures. These endeavours' are aimed at broadening their array of offerings and augmenting their market presence across diverse geographical regions. For instance, in May 2022, Health Catalyst, a leading healthcare data and analytics technology provider, acquired ARMUS Corporation, a Silicon Valley-based tech company specializing in clinical registries and data management. ARMUS offers data services to healthcare institutions globally, including health systems, payers, medical device firms, and medical societies.
Major participants in the global population health management market include:
In February 2023, iHiS, Singapore's national healthcare technology agency, partnered with Google Cloud and Accenture to improve population health outcomes. The three parties are developing data-driven applications and a secure-by-design API management platform to make data, applications, and services securely and readily available to clinicians, researchers, and third-party developers. This collaboration aims to eliminate data silos, improve interoperability, and accelerate the development of new healthcare solutions.
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The global Population Health Management Market is segmented as:
By Component
Based on component, the PHM market is bifurcated into software and services. The software segment is expected to secure the largest market share by 2030. This growth is attributed to technological advancements and the widespread adoption of software solutions in both developed and developing nations. Software includes e-commerce platforms, inventory management systems, and payment gateways, among other components.
By End User
Based on end user, the PHM market is categorized into healthcare providers, healthcare payers, and others. Online retail within the healthcare sector offers healthcare providers the opportunity to streamline their operations, elevate patient experiences, and enhance access to healthcare products. Concurrently, healthcare payers find value in online retail due to efficiently managing insurance plans and facilitating seamless transactions. Furthermore, diverse industries such as fashion, electronics, and consumer goods also tap into online retail to expand their customer reach and bolster overall customer satisfaction.
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Growing Incidence of Chronic Diseases to Propel Population Health Management Market Growth
The global population health management market is driven by numerous crucial factors such as the aging population, escalating healthcare expenses, and the growing incidence of chronic diseases. The demand for value-based care models is boosting the adoption of PHM services and technologies. These models reward healthcare providers for delivering quality care, rather than solely providing services. Healthcare organizations are recognizing the need for proactive healthcare strategies, fueling the growth of the PHM market.
With a focus on better health outcomes, cost reduction, and improved patient experiences, PHM solutions are gaining popularity. They use advanced analytics, data integration, and care coordination to identify high-risk populations, optimize care delivery, and enable prevention. Moreover, the shift to value-based care and the growing adoption of healthcare IT solutions is bolstering market demand.
Substantial Healthcare Expenditure in North America to Drive Market Expansion
North America is the largest market for population health management due to its substantial healthcare expenditure. The PHM market in North America is on a notable growth trajectory in the coming years, bolstered by various factors, including an aging population, the persistent rise in healthcare costs, and the increasing prevalence of chronic diseases. According to the World Health Organization (WHO), the healthcare expenditure in the United States alone exceeded USD 4.3 trillion in 2021. Furthermore, the region boasts a substantial population of elderly individuals, which is anticipated to fuel the expansion of the PHM market. The presence of key players across North America is also contributing significantly to market growth.
Browse the Complete Report Here: https://www.kingsresearch.com/population-health-management-market-237
Major Points from TOC:
Chapter 1 Introduction of the Global Population Health Management Market 1.1 Market Definition1.2 Market Segmentation1.3 Research Timelines1.4 Limitations1.5 Assumptions
Chapter 2 Executive Summary
Chapter 3 Research Methodology3.1 Data Collection3.1.1 Secondary Sources3.1.2 Primary Sources3.1.3 Research Flow3.2 Subject Matter Expert Advice3.3 Quality Check3.4 Final Review3.5 Bottom-Up Approach3.6 Top-down Approach
Chapter 4 Global Population Health Management Market Outlook4.1 Market Evolution4.2 Overview4.3 Market Dynamics4.3.1 Drivers4.3.2 Restraints4.3.3 Opportunities4.3.4 Challenges4.4 Pricing Analysis4.5 Porter's Five Forces Analysis4.6 Value Chain Analysis4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Population Health Management Market, By ComponentChapter 7 Global Population Health Management Market, By Mode Of DeliveryChapter 8 Global Population Health Management Market, By End UserChapter 9 North America Chapter 10 Europe Chapter 11 Asia Pacific Chapter 12 Middle East & Africa Chapter 13 Latin America Chapter 14 Global Population Health Management Market Competitive Landscape
Chapter 15 Company Profiles15.1 Cerner Corporation15.1.1 Key Facts15.1.2 Financial Overview15.1.3 Product Benchmarking15.1.4 Recent Developments15.1.5 Winning Imperatives15.1.6 Current Focus & Strategies15.1.7 Threat from competition15.1.8 SWOT Analysis
15.2 Allscripts Healthcare Solutions15.2.1 Key Facts15.2.2 Financial Overview15.2.3 Product Benchmarking15.2.4 Recent Developments15.2.5 Winning Imperatives15.2.6 Current Focus & Strategies15.2.7 Threat from competition15.2.8 SWOT Analysis
15.3 Athenahealth Inc.15.3.1 Key Facts15.3.2 Financial Overview15.3.3 Product Benchmarking15.3.4 Recent Developments15.3.5 Winning Imperatives15.3.6 Current Focus & Strategies15.3.7 Threat from competition15.3.8 SWOT Analysis
15.4 eClinicalWorks15.4.1 Key Facts15.4.2 Financial Overview15.4.3 Product Benchmarking15.4.4 Recent Developments15.4.5 Winning Imperatives15.4.6 Current Focus & Strategies15.4.7 Threat from competition15.4.8 SWOT Analysis
15.5 Enli Health Intelligence15.5.1 Key Facts15.5.2 Financial Overview15.5.3 Product Benchmarking15.5.4 Recent Developments15.5.5 Winning Imperatives15.5.6 Current Focus & Strategies15.5.7 Threat from competition15.5.8 SWOT Analysis
Continued……..
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About Us:
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
Contact Us
Kings ResearchPhone: (+1) 888 328 2189E-mail: [email protected]Website: https://www.kingsresearch.comBlog: https://www.kingsresearch.com/blogFollow Us: LinkedIn | Facebook | Twitter
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Population Health Management (PHM) is a strategic healthcare methodology that harnesses data analytics and cutting-edge technology to optimize health outcomes for a wide demographic. It involves a comprehensive toolkit of data-driven strategies, technologies, and interventions for monitoring and enhancing patient well-being, streamlining healthcare delivery, and offering personalized interventions for improved outcomes. The PHM market encompasses a spectrum of software, services, and devices specifically designed to elevate health results, boost patient contentment, and curtail overall healthcare expenditures.
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Get a Sample PDF of the Report: https://www.kingsresearch.com/request-sample/population-health-management-market-237
Competitive Landscape
Leading industry participants are emphasizing various strategic approaches, including partnerships, mergers, acquisitions, innovative product development, and collaborative ventures. These endeavours' are aimed at broadening their array of offerings and augmenting their market presence across diverse geographical regions. For instance, in May 2022, Health Catalyst, a leading healthcare data and analytics technology provider, acquired ARMUS Corporation, a Silicon Valley-based tech company specializing in clinical registries and data management. ARMUS offers data services to healthcare institutions globally, including health systems, payers, medical device firms, and medical societies.
Major participants in the global population health management market include:
- Cerner Corporation
- Allscripts Healthcare Solutions
- Athenahealth Inc.
- eClinicalWorks
- Enli Health Intelligence
- HealthEC, LLC
- Medecision
- Welltok
- Health Catalyst
- Koninklijke Philips N.V (Philips Wellcentive)
In February 2023, iHiS, Singapore's national healthcare technology agency, partnered with Google Cloud and Accenture to improve population health outcomes. The three parties are developing data-driven applications and a secure-by-design API management platform to make data, applications, and services securely and readily available to clinicians, researchers, and third-party developers. This collaboration aims to eliminate data silos, improve interoperability, and accelerate the development of new healthcare solutions.
Have an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/population-health-management-market-237
The global Population Health Management Market is segmented as:
By Component
- Software
- Services
Based on component, the PHM market is bifurcated into software and services. The software segment is expected to secure the largest market share by 2030. This growth is attributed to technological advancements and the widespread adoption of software solutions in both developed and developing nations. Software includes e-commerce platforms, inventory management systems, and payment gateways, among other components.
By End User
- Healthcare Providers
- Healthcare Payers
- Others
Based on end user, the PHM market is categorized into healthcare providers, healthcare payers, and others. Online retail within the healthcare sector offers healthcare providers the opportunity to streamline their operations, elevate patient experiences, and enhance access to healthcare products. Concurrently, healthcare payers find value in online retail due to efficiently managing insurance plans and facilitating seamless transactions. Furthermore, diverse industries such as fashion, electronics, and consumer goods also tap into online retail to expand their customer reach and bolster overall customer satisfaction.
Ask for Customization: https://www.kingsresearch.com/customization/population-health-management-market-237
Growing Incidence of Chronic Diseases to Propel Population Health Management Market Growth
The global population health management market is driven by numerous crucial factors such as the aging population, escalating healthcare expenses, and the growing incidence of chronic diseases. The demand for value-based care models is boosting the adoption of PHM services and technologies. These models reward healthcare providers for delivering quality care, rather than solely providing services. Healthcare organizations are recognizing the need for proactive healthcare strategies, fueling the growth of the PHM market.
With a focus on better health outcomes, cost reduction, and improved patient experiences, PHM solutions are gaining popularity. They use advanced analytics, data integration, and care coordination to identify high-risk populations, optimize care delivery, and enable prevention. Moreover, the shift to value-based care and the growing adoption of healthcare IT solutions is bolstering market demand.
Substantial Healthcare Expenditure in North America to Drive Market Expansion
North America is the largest market for population health management due to its substantial healthcare expenditure. The PHM market in North America is on a notable growth trajectory in the coming years, bolstered by various factors, including an aging population, the persistent rise in healthcare costs, and the increasing prevalence of chronic diseases. According to the World Health Organization (WHO), the healthcare expenditure in the United States alone exceeded USD 4.3 trillion in 2021. Furthermore, the region boasts a substantial population of elderly individuals, which is anticipated to fuel the expansion of the PHM market. The presence of key players across North America is also contributing significantly to market growth.
Browse the Complete Report Here: https://www.kingsresearch.com/population-health-management-market-237
Major Points from TOC:
Chapter 1 Introduction of the Global Population Health Management Market 1.1 Market Definition1.2 Market Segmentation1.3 Research Timelines1.4 Limitations1.5 Assumptions
Chapter 2 Executive Summary
Chapter 3 Research Methodology3.1 Data Collection3.1.1 Secondary Sources3.1.2 Primary Sources3.1.3 Research Flow3.2 Subject Matter Expert Advice3.3 Quality Check3.4 Final Review3.5 Bottom-Up Approach3.6 Top-down Approach
Chapter 4 Global Population Health Management Market Outlook4.1 Market Evolution4.2 Overview4.3 Market Dynamics4.3.1 Drivers4.3.2 Restraints4.3.3 Opportunities4.3.4 Challenges4.4 Pricing Analysis4.5 Porter's Five Forces Analysis4.6 Value Chain Analysis4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Population Health Management Market, By ComponentChapter 7 Global Population Health Management Market, By Mode Of DeliveryChapter 8 Global Population Health Management Market, By End UserChapter 9 North America Chapter 10 Europe Chapter 11 Asia Pacific Chapter 12 Middle East & Africa Chapter 13 Latin America Chapter 14 Global Population Health Management Market Competitive Landscape
Chapter 15 Company Profiles15.1 Cerner Corporation15.1.1 Key Facts15.1.2 Financial Overview15.1.3 Product Benchmarking15.1.4 Recent Developments15.1.5 Winning Imperatives15.1.6 Current Focus & Strategies15.1.7 Threat from competition15.1.8 SWOT Analysis
15.2 Allscripts Healthcare Solutions15.2.1 Key Facts15.2.2 Financial Overview15.2.3 Product Benchmarking15.2.4 Recent Developments15.2.5 Winning Imperatives15.2.6 Current Focus & Strategies15.2.7 Threat from competition15.2.8 SWOT Analysis
15.3 Athenahealth Inc.15.3.1 Key Facts15.3.2 Financial Overview15.3.3 Product Benchmarking15.3.4 Recent Developments15.3.5 Winning Imperatives15.3.6 Current Focus & Strategies15.3.7 Threat from competition15.3.8 SWOT Analysis
15.4 eClinicalWorks15.4.1 Key Facts15.4.2 Financial Overview15.4.3 Product Benchmarking15.4.4 Recent Developments15.4.5 Winning Imperatives15.4.6 Current Focus & Strategies15.4.7 Threat from competition15.4.8 SWOT Analysis
15.5 Enli Health Intelligence15.5.1 Key Facts15.5.2 Financial Overview15.5.3 Product Benchmarking15.5.4 Recent Developments15.5.5 Winning Imperatives15.5.6 Current Focus & Strategies15.5.7 Threat from competition15.5.8 SWOT Analysis
Continued……..
Explore More Related Reports:
eHealth Market: The global eHealth Market was valued at USD 90.12 billion in 2022 and is projected to reach USD 272.54 billion by 2030, growing at a CAGR of 14.84% from 2023 to 2030.
Healthcare Analytics Market: The Healthcare Analytics Market had a valuation of USD 24.45 billion in 2022 and is anticipated to achieve USD 139.34 billion by 2030, experiencing a compound annual growth rate (CAGR) of 23.31% between 2023 and 2030.
Electronic Health Record (EHR) Market: The 2022 valuation of the worldwide Electronic Health Record (EHR) Market stood at USD 32.51 billion, with a projected increase to USD 84.21 billion by 2030. This growth is anticipated at a Compound Annual Growth Rate (CAGR) of 11.15% from 2023 to 2030.
Top of Form
Health Informatics Market: The Health Informatics Market worldwide had a valuation of USD 34.23 billion in 2022, and it is anticipated to attain USD 101.34 billion by the year 2030. This growth is expected at a Compound Annual Growth Rate (CAGR) of 12.50% from 2023 to 2030.
About Us:
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
Contact Us
Kings ResearchPhone: (+1) 888 328 2189E-mail: [email protected]Website: https://www.kingsresearch.comBlog: https://www.kingsresearch.com/blogFollow Us: LinkedIn | Facebook | Twitter
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