Population Health Management Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest population health management market share in 2022.
The global population health management market size will grow from $39.06 billion in 2022 to $47.23 billion in 2023 at a compound annual growth rate (CAGR) of 20.9%. The population health management market size is expected to grow to $99.75 billion in 2027 at a CAGR of 20.5%.
Major Driver In The Population Health Management Market – Rise In Demand For Solutions Supporting Value-Based Care Delivery
Value-based healthcare is a healthcare delivery system that encourages healthcare practitioners to prioritize quality above quantity. By improving processes and interoperability, value-based care delivery reduces errors and decreases costs while raising patient happiness, allowing executives to monitor and control care. According to the Healthcare Payment Learning and Action Networks, a US-based collection of public and private health care executives’ APM assessment report, value-based reimbursement models accounted for 40.9% of US healthcare payments in 2020, a 2.7% rise over 2019 rates. As a result, the population health management market is being driven by healthcare shareholders’ increasing need for technologies that promote value-based care delivery.
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Key Population Health Management Market Segments
1) By Component: Software, Service
2) By Mode Of Delivery: On Premise, Cloud-Based
3) By End-User: Providers, Payers, Other End-Users
Recent Population Health Management Market Trend – Product Innovation
Major population health management companies are searching for fresh product development to help them increase their position in the market. Verana Health, a US-based clinical database supplier in the population health management sector, for example, will debut VeraQ, a population health data engine, in October 2021. VeraQ transforms unfiltered, raw healthcare data into Q data, a distinct and meaningful real-world data asset from which commercial insights and clinical research can be obtained.
Population Health Management Market Prominent Players
Major players in the population health management market are Allscripts Healthcare LLC, Arcadia, Athenahealth Inc., Citra Health Solutions, Conifer Health Solutions, Cotiviti Inc., Deloitte Touche Tohmatsu Limited, eClinicalWorks, Enli Health Intelligence, Epic Systems Corporation, Evolent Health Inc., Forward Health Group, Koninklijke Philips, Lightbeam Health Solutions, Lumeris Inc., McKesson Corporation, MEDecision Inc., NextGen Healthcare Inc., Optum Inc., Orion Health, IBM Corporation, Accenture plc, Advisory Board, GE Healthcare (General Electric Company), Persivia Inc., RedBrick Health Corporation, Verscend Technologies Inc., and Welltok Inc.
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The Population Health Management Global Market Report 2023 provides a comprehensive overview on the population health management market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the population health management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Population health management is the process of improving the clinical health outcomes of a defined group of people through patient participation and better care coordination, and it is backed up by financial and care models. Population health management is a technique for improving a group’s health outcomes by identifying and monitoring patients.
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