Population Health Management Market Size 22.4 % CAGR with Top Countries Data, Things to Focus on to Ensure Long-term Success up to 2027 | MRFR

Population Health management market is undergoing great change nowadays. The need for enhanced and efficient healthcare services, resulting in chronic diseases and chronic care needs, has necessitated the emergence of comprehensive care delivery management.The global population health management market was valued at USD 744.3 million in 2020, and is estimated to grow at a CAGR of 22.4% over the next five years. This report analyzes the total population health performance and outcome measurement effective management service (PMEM) market and segments it by systems type and deployment, end users, aross multiple regions.With the rapid growth of medical information and insatiable needs for personalized healthcare services among consumers, the population health management market is witnessing a high demand from a number of participants across verticals and regions.As an alternative to pharmaceuticals and traditional healthcare services, non-pharmaceutical options are gaining traction in both developed and developing countries. This form of basic healthcare management has potential of offering both important drug updates targeted to specific ethnicities.

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Industry News

Some of the key players in this industry are Cerner Corp, IBM Corporation, Microsoft Corporation, Optum Corporation, SAP SE and so on. These companies offering clients with a wide range of connectivity services crucial to population health management including cloud storage, mobile data storage and healthcare administration.platforms. Th rising cost of installations and lack of  awareness coupled with security concerns related to patient data and medical history pose hindrance to the growth of this sector.This form of basic healthcare management has the potential of offering both important drug updates targeted to specific ethnicities. and health needs, as well as providing non-pharmaceutical alternatives to pharmaceuticals.With the onslaught of digital innovations and breakthroughs that know-how has undergone, demand for a means to retain clientele is expected to escalate over time.

Market Segmentation

The market can be divided into Hardware, software or Services  based on the variations of the management methods available. Depending on the plethora of solutions that can be provided the market is segregated into four categories :

• Data Integration and Management
• Analytics
• Patient engagement
• Care coordination      

Based on the types of delivery modes that can be marketed to the end users, the market has been categorised into :

• Web based
• Cloud based
• App based

Based on the different types of end users one can come across, the market has three divisions:

• Healthcare Providers
• Healthcare Payers
• Government Organisations

The industry is segmented into four regions: North America, Asia Pacific, Europe, and the Rest of the World.

Regional Classification

The population health management market is largely driven by the growth in several applications such as care coordination, care coordination with telemedicine, and chronic disease management. North America accounts for the largest share of the population health management market in 2018 due to high prevalence of chronic diseases and growing awareness about population health management. The US dominates the North America market, followed by Canada, and Mexico. Increasing population growth, rising healthcare costs, and the aging population in the region are factors driving growth of the market. More than just being interesting for healthcare professionals, the population health management market is turning out to be a huge opportunity for research firms.

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