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Population Health Management Solution Market showing Compound annual growth rate and forecast till 2026

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Coherent Market Insights added Latest Research Report titled " Population Health Management Solution Market, by Component (Software and Services), by Medium (Web Based Medium, and Cloud Based Medium), by End User (Hospitals, Ambulatory Care Provider
Population Health Management Solution Market
Adopt Next-Generation Tech 2018-2026
Population Health Management Solution Market, by Component (Software and
Services), by Medium (Web Based Medium, and Cloud Based Medium), by End
User (Hospitals, Ambulatory Care Provider, Insurance Provider, and Others),
and by Region - Global Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026
Coherent Market Insights added Latest Research Report titled " Population Health Management
Solution Market, by Component (Software and Services), by Medium (Web Based Medium, and
Cloud Based Medium), by End User (Hospitals, Ambulatory Care Provider, Insurance Provider, and
Others), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 20182026 " to its Large Report database.
Population health management solution aggregates all the data from different healthcare platform
(Diagnostics, Pharmacy, and Billing Department in healthcare facility) related to the patient. The data is
analyzed and presented in comprehensive actionable form to healthcare providers for efficient clinical
outcome and save overall healthcare cost. Population healthcare management tracks individuals
amongst vast group of patients by applying business intelligence tools to different set of data and create
single document, which is easy to analyze and clinical decision can be taken over same by each
member across the healthcare ecosystem.
Population healthcare management provides various advantages. It improves quality of healthcare due
to comprehensive picture provided by collection of multiple data points on one platform with better
tracking of patient. Pharmaceutical healthcare management solutions saves unnecessary healthcare
cost. Also, it allows better clinical management in case of chronic disease using information technology
based approaches. Healthcare management allows the healthcare provider to fill the healthcare gap i.e.
lack of coordinated effort amongst stakeholder in health care, lack of effective patient monitoring etc.
This is gap can be filled by promoting real time data access and monitoring. This can be done by
monitoring diagnostic data, prescription data, billing data and other health care data, which can be
assessed and addressed in case of care gap. For healthcare insurer, population healthcare management
allows the value-based reimbursement rather than simple payment transfer and helps in business
decision making process. Overall PHM promotes better health for population and reduces hospital
admissions.
Market Dynamics
Population healthcare management market is projected to witness upward growth during the forecast
period due to increasing prevalence of chronic disease worldwide. Chronic disease such as cancer,
cardiovascular disease, diabetes, asthma (chronic lung disease) account for the major healthcare burden
annually. According to World Health Organization data in 2017, around 40 million people die each year
due to chronic disease, which accounts for 70% of all deaths globally. Cardiovascular diseases is
responsible for 17.7 million death annually, followed by cancers (8.8 million deaths), respiratory
diseases (3.9million deaths), and diabetes (1.6 million deaths).
Population healthcare management solutions provides better clinical management of this disease.
Increasing number of geriatric population worldwide is expected to further propel growth of population
healthcare management solutions.
Competitive Landscape
Some of the key players operating in the population health management solution market include
Allscripts, Inc., Cerner Corporation, Conifer Health Solutions, Healthagen, LLC, OptumHealth, Epic
Corporation, Inc., Philips Wellcentive, eClinicalWorks, Health Catalyst, LLC, IBM Corporation, i2i
Population Health, Verscend Technologies, Inc., Caradigm, and Care Evolution.
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Market Taxonomy
On the basis of component, the global population health management solution market is segmented
into:
•Software
•Services
On the basis of medium, the global population health management solution market is segmented into:
•Web based medium
•Cloud based medium
On the basis of end user, the global population health management solution market is segmented into:
•Hospitals
•Insurance provider
•Ambulatory care provider
•Others
Regional Insights
Reducing number of uninsured people would also benefit the market. According to U.S. Census Bureau
data, in 2016, an estimated 8.8 percent or 28.1 million people were without health insurance coverage,
which is lower than 2015, in which 9.1 percent or 29.0 million people were uninsured. Europe is
projected to be second lucrative market due to high number of old age population. According to Europa
Statistics in 2017, around 19% of current Europe population is more than 60 in age, which would rise
to 25% in near future.
Asia Pacific region provides potential opportunity for growth of the population health management
solution market, owing to highest number of deaths caused due to chronic disease. More than 12
million and around 80% worldwide chronic disease death are reported from this region according to
World Health Organization (WHO) factsheet in 2017. Healthcare infrastructure in this region is slowly
improving, which would also promote use of population health management solution.
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through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
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ravikiran
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