According to a new report, “U.S. Population Health Management Market Size, Share & Trends Analysis Report By Product (Software, Services), By End Use (Providers, Payers, Employer Groups), and Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The U.S. population health management market size is expected to reach USD 41.44 billion by 2025, exhibiting a CAGR of 19.9% during the forecast period. Significant portion of healthcare costs is incurred by loss of productivity due to poor resource management in the U.S. Hence, employers have initiated incorporation of PHM in employee benefits package to help employees understand their healthcare needs. U.S. population health management market is likely to witness high growth in the coming years due to growing demand for healthcare IT services and solutions that encourage healthcare delivery reliant on value, resulting in a transition value-based payment models.
Key Takeaways from the report:
The services segment dominated the market in terms of revenue in 2017. On the other hand, the software segment is likely to experience the fastest growth during the forecast period
Healthcare providers commanded the leading share in the market in 2017 as PHM provides flexibility to providers to manage complex clinical data and assist in generating real-time insights. Hence, multiple functionalities and advantages offered by PHM is responsible for increasing adoption by care providers
On the other hand, employer groups are estimated to witness the fastest growth in the coming years. Employer groups as end users are evolving into a significant market for PHM as they require consumer-focused health plans to ensure well-being of employees
Some of the companies operating in the market are Cerner; Allscripts Healthcare, LLC; Enli Health Intelligence; eClinicalWorks; McKesson Corporation; Conifer Health Solutions, LLC; Optum, Inc.; Advisory Board; Koninklijke Philips N.V.; and Athenahealth, Inc.
PHM model has helped various healthcare stakeholders including hospitals to measure patient data accurately and efficiently especially when a large volume of data is generated by monitoring devices. For instance, Children’s Hospital of Philadelphia (CHOP) is developing a platform for stream computing, which enables clinicians with better decision support by applying real-time predictive models to vital signs.
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Grand View Research has segmented the U.S. population health management market based on product and end use:
U.S. Population Health Management Product Outlook (Revenue, USD Million, 2014 – 2025)
U.S. Population Health Management End-Use Outlook (Revenue, USD Million, 2014 – 2025)
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About Grad View Research, Inc.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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