Population Health Management (PHM) market cap $53.3

CHICAGO, Nov. 24, 2022 (GLOBE NEWSWIRE) — According to a new market research report ,Population Health Management (PHM) Market Component (Software, Services), Mode of Delivery (On-premises, cloud-based), End User (Healthcare Provider (Hospital, ACO), Healthcare Payer, Employer Group, Government Body) – Global Forecast to 2027 » It is estimated to reach US$ 53.3 billion by 2027 from US$ 27.8 billion in 2022, at a CAGR of 13.9% during the forecast period.

Browse the in-depth TOC at “Population Health Management (PHM) Market,
108 – Tables
49 – Figures
205 – Pages

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Report Scope:

report coverage description
market size USD 53.3 billion by 2027
CAGR 13.9%
historical figure 2020-2027
base year 2021
forecast period 2022-2027
forecasting units Value (USD Billion)
report coverage Revenue Forecast, Competitive Landscape, Growth Factors and Trends
covered segments By Component, By Distribution, By End User, By Region
geographic cover North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Top Companies/Vendors Profiled Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), MediciGen (US), Arcadia (US), Athenahealth (US), Cotivity (US), NextGen Healthcare, Inc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovacer (US), Lumeris (US), Zomega (US), HGS Healthcare, LLC (US), Persevia (US) ), Color Health, Inc. (We).
key market opportunity Increasing focus on value based medicine
key market drivers A growing geriatric population and subsequent increase in the burden of chronic diseases

Factors driving the market growth include increasing government initiatives to drive adoption of HCIT solutions, increasing importance of value-based care. However, high investment in infrastructure to set up robust PHM programs is restraining the market growth during the forecast period.

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software block Population health management is estimated to be the largest segment based on components of the market. Factors such as increased adoption of software by end users to increase patient engagement and cost-effectiveness are attributed to account for a major share of the software segment over the forecast period.

on-premises segment The population health management market is estimated to be the largest segment by delivery mode. The growth can be attributed to the benefits provided by on-premises solutions such as ease of customization, reduction in data breaches, and the ability to use existing hardware.

Depending on the end users, The healthcare providers segment accounted for the largest share of the population health management market. A major share of this segment can be attributed to the increasing HCIT adoption, implementation of the Affordable Care Act in the US, and significant increase in healthcare spending.

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Geographical Development Scenario:

Emerging Asian markets such as China and India are expected to provide significant growth opportunities for the players operating in the population health management market. The growth of the market in the APAC region is primarily attributed to factors such as increasing medical tourism, implementation of new ICT guidelines in Japan, investment and reforms to modernize the healthcare infrastructure of China, booming healthcare industry in India, as well as the implementation of Inspired by IT programs in Australia and New Zealand.

Key Players:

Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), MediciGen (US), Arcadia (US), Athenahealth (US), Cotiviti (US), NextGen Healthcare, Inc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovasar (US) are the prominent players of this market. These companies are majorly focusing on strategies such as agreements, collaborations, partnerships and service launches to remain competitive and increase their market share.

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