Report ID: 10151891 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
"According to a new report by Kenneth Research, by 2030, the global population health management market is expected to reach ~USD 180 billion, exhibiting a compound annual growth rate of ~22% during the forecast period 2022-2030. The demand for multi-functional population health services is increasing due to the complexity of payment and care delivery models.
Population health management (PHM) solutions can process clinical, financial, and operational data that can help improve efficiency and patient care. Due to increasing emphasis on value-based payments (VBP) and responsible medical organizations (ACO), health management plans have also changed in terms of medical reimbursement. In addition, the convenience provided by the value-based payment model is the reason why ACO is increasingly adopting population health solutions.
ACO is made up of hospitals, clinics and other healthcare providers, working with payers (private and public) to provide patients with high-quality care. Public and private insurance providers have launched various disease management plans that help treat chronic diseases. It is expected that these multidisciplinary efforts will produce effective treatment results and may suggest the most appropriate course of action. Successful large-scale trials in the United States have made significant progress in disease management projects.
Highlights of the Population Health Management Market Report:
PHM software provides predictive data analysis that can be used to interpret demographic characteristics from unstructured clinical data. The service product segment accounted for most of the market share in 2020 because healthcare providers prefer internal maintenance services. The largest end-use segment market share provider in 2019 can effectively focus on patient-centered care and reduce overall costs.
North America is the largest regional market in 2020 and may maintain its position during the forecast period because providers, Payers, providers-payers, and responsible medical institutions promote the use of PHM services. Due to the increase in healthcare expenditures in the region and the improvement of healthcare infrastructure, it is expected that the population health management market in the Asia-Pacific region will experience faster growth in the next few years. Cerner Corporation is one of the major players in the PHM market.
Acquisitions and business alliances with other market participants are some of the strategic measures taken by these companies to strengthen their presence in the market.
Population Health Management Market Segmentation: Kenneth Research has segmented the global population health management (PHM) market based on product, end use, and region: Population Management Product Perspective. Population health (income, millions of dollars, 2022-2030) end-use outlook for population health management of software services (income, millions of dollars, 2022-2030) Payer Supplier Employer Group"
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Report ID: 10151891 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
