The Population Health Management Market is expected to reach $44.37 billion by the end of the forecast period growing at a CAGR of ~21.2%. The Global Population Health Management Market report gives explosive growth of healthcare data availability which includes clinical data, market data etc. is creating a new set of opportunities and challenges for healthcare industry.
Key players of Global Population Health Management Market:
Key players profiled in the report are Allscripts, Inc.; Cerner Corporation; Conifer Health Solutions, LLC, McKesson Corporation, Wellcentive, Inc., Epic Corporation, Inc., IBM Corporation etc.
World Population Health Management Global Market – Segments:
The Global Population Health Management Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Component: Comprises Software and Service.
Segmentation by Application: Comprises healthcare economics and resource management, healthcare coordination & consultancy, clinical and compliance studies, surveillance and others.
Segmentation by Delivery Mode: Comprises On-premise, web and cloud based & mobile based.
Segmentation by End Users: Comprises Healthcare Providers, healthcare Payers, Government organizations and others
Segment Healthcare Providers by End Users hold the largest as in 45% of Market Share.
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Population Health Management Market – Competitive Analysis:
Characterized by the presence of several major well-established players, the global Market of Population Health Management appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this Market and to maintain their Market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the Market compete based on pricing, technology, reputation and services.
In 2012 alone worldwide digital healthcare data was estimated to be around 500 petabytes and is expected to reach 25,000 petabytes by 2020. On the other hand there has been deterioration in clinical outcomes in spite of huge expenditure on healthcare. The U.S. alone spend a whopping 16% of its GDP on healthcare in 2015. Despite this huge GDP expenditure the United States doesn’t even rank in the top 10 best public health care systems with countries such as Denmark ranking higher than it. Thus the extreme need to fill in the gap between expenditure and outcomes is the most critical driving factor for population health management market. Other market driving factors include.
The Population Health Management Market report titled “Global Population Health Management Market Research Report- Global Forecast to 2023” is an expert analysis report summarizes the Market by Component, Delivery mode and End user in-depth. The Worldwide Population Health Management Market impressive growth path and has entered the ranks of some of the world’s leading industries with massive growth prospects in the near future in-depth. Population Health Management is the aggregation and analysis of patient data across multiple health domains and data resources, so as to improve both clinical and financial outcomes.
According to a recent study report published by the Market Research Future, Globally, the Market for Population Health Management has increased its Market growth in recent years and is expected to gain prominence over the forecast period. The Market is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period.
Taking all these factors the market for Population health management is expected to reach $44.37 billion by the end of the forecast period growing at a CAGR of ~21.2%. Population health management is the aggregation and analysis of patient data across multiple health domains and data resources, so as to improve both clinical and financial outcomes.
Detail Market/ Innovation/ Related News:
NOV 16, 2018 – Central Ohio Primary Care, (Columbus, US) the largest physician-owned independent primary care medical group in the U.S., has entered into an agreement with local and national Medicare Advantage plans through COPC Senior Care Advantage, a new Population Health Management program designed to improve the quality, value, efficiency and outcomes of Medicare Advantage patients. COPC Senior Care Advantage will roll up its sleeves and focus on Medicare Advantage patients beginning in January of 2018, the new population-health based contracts comes with a variety of plans. The approach reflects the shift to more value-based care, a clinical and care delivery philosophy that has been slowly supplanting the old fee-for-service framework.
NOV 01, 2018 – Lumeris, one of the Market leader in value-based care solutions, announced a multi-year collaboration with Mount Sinai Health System, New York, the largest integrated delivery system (NY), to provide value-based care managed services. Under the terms of the agreement, Lumeris will provide operational support enabled by its Market-leading technology, to further Mount Sinai’s population health management objectives. Using Lumeris’ proven business model to provide better outcomes for consumers and reduce costs, Mount Sinai anticipates doubling the number of lives covered under value-based arrangements.
Moreover, implementation of Affordable Care Act and Hospital Readmissions Reduction Program coupled with Medicare initiative to penalize unnecessary patient readmissions is expected to propel the growth of global Market of Population Health Management during the forecast period.
On the other hand, factors such as technical barriers as in differential file formats, differential data sources such as paper, graphs etc. and technological barriers such as problems with data collection and processing, integration of multi-point and multi-sectorial cross channel data etc. are expected to pose challenges to the Market growth. Also, security concerns such as legal restrictions, data security and privacy concerns etc. are projected as Market growth restraining factors during the forecast period.
The WorldwidePopulation Health Management Market report evaluates the overall performance of this Market during the assessment period. With Market undergoing a phase of technological disruption, innovations in products are likely to shape the future of the Global Population Health Market research report 2018 to 2023.
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Population Health Management Market – Regional analysis:
U.S. accounts for the maximum Market share of the global population health management Market and is expected to hold this position in the near future. This can be attributed to transition to value-based care delivery, leading to change from fee-for-service to a value-based payment models. The regulatory changes in the U.S. such as implementation of Affordable Care Act and Hospital Readmissions Reduction Program coupled with Medicare initiative to penalize unnecessary patient readmissions will strengthen the position of the U.S. Europe will be the second largest Market. However Asia pacific will be the fastest growing Market and the growth will be led by China, and India as these nations have huge population with an urgent need to avoid any future extreme healthcare expenditure and the possibilities of achieving highest benefit is in these regions.
Major TOC Global Population Health Management Market Research Report- Global Forecast To 2023:
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
……..Continued TOC
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