IMARC Group, a leading market research company, has recently releases report titled “Population Health Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global population health management market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Population Health Management
Population health management (PHM) is a strategic approach to healthcare that focuses on enhancing the health outcomes of an entire population or a specific group of individuals. It involves the systematic application of various interventions, services, and resources to address the health needs and preferences of a defined population and consider the social determinants of health that influence their well being. It relies heavily on data analytics to identify and stratify the population based on risk factors, health conditions, and utilization patterns that enables healthcare providers and organizations to target interventions effectively.
How Big Is the Population Health Management Market?
The global population health management market size reached US$ 60.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 194.3 Billion by 2028, exhibiting a growth rate (CAGR) of 19.2% during 2023-2028.
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What are the growth prospects and trends in the population health management industry?
The surging occurrence of chronic diseases, such as cardiovascular diseases (CVDs), diabetes, neurological diseases, and obesity, represents one of the primary factors driving the demand for effective management through PHM to minimize the impact on individuals and the healthcare system around the world.
In addition, the rising adoption of PHM solutions to improve clinical outcomes for patients by offering access of medical information among healthcare professionals in various medical specialties is contributing to the market growth.
Apart from this, the growing investment by employers in PHM programs to enhance employee health and well-being, which leads to a healthier and more productive workforce, is creating a positive outlook for the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Software
- Services
Breakup by Mode of Delivery:
- Cloud-based
- Web-based
- On-premises
Breakup by End User:
- Healthcare Providers
- Healthcare Payers
- Employer Groups
- Government Bodies
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, eClinicalWorks, Health Catalyst Inc., International Business Machines Corporation, Koninklijke Philips N.V., Lightbeam Health Solutions, McKesson Corporation, Nextgen Healthcare Inc., Optum Inc. (UnitedHealth Group Incorporated) and Symphony Performance Health Inc. (Press Ganey Associates).
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