Population Health Management Market:
Population Health Management Market was valued at US$ 3.09 Bn. in 2023. Global Population Health Management Market size is expected to grow at a CAGR of 20 % through the forecast period.
Population Health Management Market Overview:
In a program called population health management, patient data are collected from multiple sources of health information technology. As a result, healthcare practitioners can analyze these compiled data to create a single, accessible patient record, which helps improve the clinical and financial outcomes of their patients. A business intelligence tool is typically used in population healthcare management programs to combine information, enabling healthcare providers to create an accurate and precise clinical picture of each individual patient.
This Population Health Management market analysis examines present and developing market trends and dynamics in the worldwide level sensor market. Population Health Management In-depth market forecasting for the main market segments between 2021 and 2027 is carried out. Extensive Population Health Management market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Population Health Management market.
The COVID-19 pandemic has had a severe influence on the worldwide Population Health Management business. Population Health Management production facilities have been suspended due to global downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Population Health Management market in 2020. However, the negative impact of COVID-19 on the Population Health Management market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for Population Health Management .
Population Health Management Market Dynamics:
Utilizing the Value-Based Payment (VBP) Model in the Healthcare Industry to Expand the Market: Change the healthcare industry’s payment model from fee-for-service (FFS) to value-based payment (VBP). This is primarily because organizations that successfully gather data and analyze population health data are then better able to coordinate and manage care. These healthcare organizations and companies can boost their revenue development in this way, which encourages the market’s expansion. Traditional fee-for-service (FFS) reimbursement is being replaced with value-based payment (VBP). With this approach, healthcare providers ask health insurers for reimbursement after considering the total quality of the service they provided, including clinical outcomes.
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Market Scope:
The research includes an up-to-date study of the current Population Health Management market landscape, as well as the most recent trends and drivers, as well as an overview of the overall Population Health Management market environment. The market is being driven by increased demand for Population Health Management . The Population Health Management market study looks at the technology, end-user, and type categories, etc. as well as the regional landscape.
Population Health Management Market Segmentation:
This market is split into software and services based on component, according to component. The services industry led the market share for population health management in 2022. The services segment also includes analytics for value-based care and, in some situations, strategic advice. The maintenance of PHM programs and service upgrades, which typically need to be updated on a regular basis, have been essential to the domination of these devices in the market.
The CAGR for the software segment is anticipated to be lower over the projection period. The procurement of new PHM programs by healthcare organizations and growing adoption in emerging markets are anticipated to boost demand for this segment and drive growth throughout the projected period.
Population Health Management Market Key Players:
1. Athena health, Inc (US)
2. Cerner Corporation (US)
3. Medecision (US)
4. Xerox Corporation (US)
5. Allscripts Healthcare, LLC (US)
6. Fonemed (Canada)
7. Well Centive, Inc. (US)
8. General Electric Company (US)
9. HealthBI (US)
10. NXGN Management, LLC (US)
11. Optum Inc. (US)
12. i2i Population Health (US)
13. Conifer Health Solutions, LLC (US)
14. IBM (US)
15. Koninklijke Philips N.V. (Netherlands)
16. Siemens Healthcare GmbH (Germany)
17. Arthrex (US)
The market research study includes thorough quantitative insights that offer a clear picture of the global market potential in numerous categories, as well as country-by-country analysis in each covered area. The study examines the market’s main affecting elements, as well as detailed company profiles of….
Regional Analysis:
The region segment of the Population Health Management market analysis also contains individual market influencing aspects and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter’s five forces analysis, and case studies are just a few of the indicators used to forecast market scenarios for various areas. When analyzing prediction data for the region, the existence and availability of global players, as well as the difficulties they encounter owing to large or low to none rivalry from local and domestic brands, are all taken into account.
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Key Questions Answered in the Population Health Management Market Report are:
Which segment emerged as the leading segment in the Population Health Management market?
Which are the key players in the Population Health Management market?
What trends are likely to emerge in the Population Health Management market in the coming years?
What will be the Population Health Management market size by 2027?
Which company held the largest share in the Population Health Management market in 2020?
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