Market Overview:
Population Health Management Solutions enable healthcare providers to identify patients with chronic conditions, stratify them based on their disease burden and risk of exacerbation, and connect them to services and resources tailored to their needs. This approach aims to improve clinical outcomes and reduce overall healthcare costs.
The global Population Health Management Solution Market is estimated to be valued at US$ 32.89 Bn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the Population Health Management Solutions market is the growing adoption of cloud-based solutions. Cloud-based population health management solutions allow healthcare organizations to securely access data from any connected device. It removes hardware and infrastructure costs and facilitates collaboration by allowing distributed teams to access insights and share information anytime from anywhere. Cloud deployment also enables organization to quickly deploy solutions and scale them up or down based on changing needs. This flexibility and scalability offered by cloud-based solutions is driving their increasing adoption among healthcare providers.
Segment Analysis
The global population health management market is segmented on the basis of component, mode of delivery, end user, and region. By component, the services segment is expected to hold the largest market share during the forecast period. This is owing to the increasing need for population health management services such as training and education, implementation, consulting, and support services among healthcare providers. By mode of delivery, the cloud-based segment is projected to witness significant growth. This is attributed to advantages such as scalability, cost-effectiveness, and ease of deployment offered by cloud-based solutions.
Key Takeaways
The global population health management solution market is expected to witness high growth, exhibiting a CAGR of 15% over the forecast period, due to increasing need to curtail rise in healthcare costs and manage chronic diseases. The market size is anticipated to reach US $32.89 Bn by 2023. By region, North America is currently the dominant region for population health management solutions due to substantial government funding and support for healthcare IT solutions in the region. Key players operating in the population health management solution market are Allscripts Healthcare, LLC (U.S.), Oracle Corporation (U.S.), Deloitte Tohmatsu LLC (U.K.), Epic Systems Corporation (U.S.), Conifer Health Solutions, LLC. (U.S.), GE Healthcare (U.S.), The International Business Machines Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), i2i Population Health (U.S.), McKesson Corporation (U.S.), Medecision (U.S.), Health Catalyst (U.S.), and UnitedHealth Group (U.S.).
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