New York, November 23, 2022 /PRNewswire/ — According to the latest market research study published by P&S Intelligence, from $29.19 billion In 2021, the Population Health Management Market will increase in size $101.89 billion in 2030, at 14.9% CAGR. The major driver for the adoption of such solutions is the rapid shift of the healthcare sector from paper to digital platforms.
Digital health includes the use of connected medical devices, mobile and desktop-based health applications, and telehealth. All of these technologies make it easier to track people’s health, helping governments and healthcare providers ensure the well-being of the population as a whole.
Government Support for Population Health Management Key Market Driver
Due to the increasing burden of diseases and medical expenses, the growing population is constantly demanding cost-effective health care. Thus, governments across the world are implementing a variety of regulations to revolutionize the healthcare sector and make the services affordable to the masses.
For example, the CMS Center for Medicare and Medicaid Innovation, the National Strategy for Quality Improvement, and the Patient-Centered Outcomes Research Institute were all established upon passage of the Patient Protection and Affordable Care Act (ACA) in the US.
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Healthcare providers are the largest contributor of revenue for IT vendors
- Healthcare providers account for more than 45% of the market due to government efforts to encourage these users to adopt advanced IT software to make healthcare affordable.
- The focus of healthcare providers is on reducing the rate of hospitalizations and medical bills, both of which have become a major economic burden.
- In addition, cloud-based population health management solutions are becoming popular among care providers, as this deployment mode allows users to reduce their IT investments and gain scalability.
Cloud deployment to grow at a higher rate
In line with the need to reduce medical expenditure, the deployment of population health management solutions on the cloud is expected to grow exponentially this decade. This deployment not only makes it affordable for users to take advantage of such solutions without much IT investment, but also makes the services available to almost everyone with a working Internet connection.
Browse Detailed Report on Population Health Management Market Size, Share, Trends and Growth Analysis 2022-2030
North America’s Largest User of Population Health Management Solutions
With a revenue share of over 45%, North America Population is the most important user of health management software and services. The US encourages healthcare institutions to use EHRs and EMRs through incentives to enable interoperability between hospital departments. Furthermore, by studying real-time patient data, personalized treatments can be designed, which will ultimately improve outcomes and reduce medical bills.
will see the fastest growth in solution adoption Asia Pacific
In the coming years, the APAC region is expected to witness a CAGR of around 15% in the adoption of population health management solutions. This can be attributed to the growing medical tourism sector in the regional countries. Furthermore, the healthcare set up in the market is governed by IT guidelines Japan and improving medical infrastructure China And India,
Global Population Health Management Market Report Coverage
by delivery mode
by end user
- health care provider
- healthcare payer
- other end users
- North America
- Asia Pacific
- South Korea
- latin america
- Middle East And africa
- Saudi Arab
- South Africa
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