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(Health-NewsWire.Net, July 08, 2021 ) Global Population Health Management Market was valued at USD 23.6 billion in 2020 which expected to reach USD 47.5billion by 2027 at a CAGR 12.8% from 2020 to 2027.
Population health management is defined as the platform where the patient’s data is aggregated across various health information technology resources. This platform enables the analysis of these aggregated data into a single & actionable patient record, which allows healthcare professionals to improve the clinical & financial outcomes of their patients.
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Major Key Players
Prominent players in the global population health management market include Koninklijke Philips, Epic Systems Corporation, Cerner Corporation, I2I Population Health, Allscripts Healthcare Solutions, Eclinicalworks, Medecision, IBM Corporation,Athenahealth,Arcadia, etc.
Growing need for improved clinical & financial outcomes for patients to boost demand for healthcare IT which expected to support the growth of global population health management market over the forecast period. One of the critical driving factors for the market is the increased demand for better outcomes for the patient, which involves positive economic & treatment outcomes. Population health management tools allows healthcare professionals to access the aggregated information associated with their patients across diverse medical specialities.
Impact of COVID-19 on Market
The coronavirus has spread around 215 countries & territories and affected more than 6 million people. The COVID-19 pandemic has had considerable social & economic ramifications across a variety of industries and sectors. Also, the pandemic has been affecting economies & industries in various countries due to the lockdowns, travel restrictions, and business shutdowns.
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Market Segmentation
By Component
• Software
• Services
By Mode of Delivery
• On-Premise
• Cloud
By End User
• Healthcare Providers
• Healthcare Payers
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Regional Analysis
The Global Population Health Management Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region accounted for the largest market share of the global population health management market. Due to the various factors such as the increase in federal healthcare mandates to curb the rising healthcare costs, growing regulatory requirements, the rise in adoption of EHRs, and the increase in government initiatives focusing on personalized medicine & value-based reimbursements are expected to drive market growth in this region.
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Qualiket Research
Hemant Singh
8208257128
hemant.singh@qualiketresearch.com
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