Population Health Management (PHM) Market to be Worth $53.3 Billion by 2027

Markets & Markets Research Pvt. Ltd

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-premise, 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), Cotiviti (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), Cotivity (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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