In a recently published report, Population Health Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Population Health Management Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Population Health Management Market is valued approximately at USD 22.34 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 27% over the forecast period 2019-2026. Population health management (PHM) is the combination of patient data across multiple health information technology resources, the examination of that data into a single, actionable patient record, and the actions over which care providers can recover both clinical and financial outcomes. Usually, PHM programs utilize business intelligence (BI) tools to gather data and offer a comprehensive clinical picture of each patient. By using that data, providers can track and improve clinical outcomes while lowering costs. Rising geriatric population and burden of chronic diseases, government support for the prevention of diseases and growing need for affordable treatment options due to rising healthcare costs are the few factors responsible for high CAGR of the market over the forecast period.
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For instance, as per the United Nations Organization, the global population of age of 60 years and above are nearly 962 million in 2017, up from twice as large as of 382 million since 1980. Also, it is projected that the population aged 60 and above would double to approx. 2.1 billion by 2050. Moreover, increasing focus on value-based medicine and personalized medicine based on analytics aided with increasing partnerships among key players would be create lucrative growth opportunities to the growth of market in the forecasting years. However, issues associated to the safety of patient information and lack of data management capabilities and skilled analysts are few factors anticipated to restrain the growth of global Population Health Management market during the forecast period.
The regional analysis of global Population Health Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising healthcare costs, growth in geriatric population, increasing incidences of chronic diseases and growing funding for population health management across the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising healthcare expenditure, government initiative to increase digitalization in the healthcare sector and improving healthcare infrastructure would be influencing the growth of the market in the Asia-Pacific region.
Major market player included in this report are:
Mckesson Corporation
Cerner Corporation
Allscripts Healthcare Solutions, Inc.
Healthagen, LLC
IBM Corporation
Epic Corporation, Inc.
Conifer Health Solutions, LLC
Health Catalyst, LLC
Verscend Technologies, Inc.
WeLLCentive, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Services
By Mode of Delivery:
Web-based
Cloud-Based
On-Premises
By End-User:
Healthcare Providers
Healthcare Payers
Employer Groups
Government Bodies
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Population Health Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Population Health Management Market, by Component, 2017-2026 (USD Billion)
1.2.2. Population Health Management Market, by Mode of Delivery, 2017-2026 (USD Billion)
1.2.3. Population Health Management Market, by End-User, 2017-2026 (USD Billion)
1.2.4. Population Health Management Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Population Health Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Population Health Management Market Dynamics
3.1. Population Health Management Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Population Health Management Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Population Health Management Market, by Component
5.1. Market Snapshot
5.2. Global Population Health Management Market by Component, Performance – Potential Analysis
5.3. Global Population Health Management Market Estimates & Forecasts by Component 2016-2026 (USD Billion)
5.4. Population Health Management Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Services
Chapter 6. Global Population Health Management Market, by Mode of Delivery
6.1. Market Snapshot
6.2. Global Population Health Management Market by Mode of Delivery, Performance – Potential Analysis
6.3. Global Population Health Management Market Estimates & Forecasts by Mode of Delivery, 2016-2026 (USD Billion)
6.4. Population Health Management Market, Sub Segment Analysis
6.4.1. Web-based
6.4.2. Cloud-Based
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