Meticulous Research®—a leading market research company, published a research report titled, ‘Population Health Management (PHM) Solutions Market by Component (Software, Services), Mode of Delivery (On Premise, Cloud and Web), End User (Healthcare Providers, Payers [Private, Public], Employer Groups) - Global Forecast to 2030
According to this latest publication from Meticulous Research®, the population health management (PHM) solutions market is projected to reach $75.97 billion by 2030, at a CAGR of 10.9% from 2023 to 2030.
Population health management solutions help providers and health systems to stratify and select target populations, identify gaps in care, predict outcomes and apply early interventions to improve health and care. The growth of this market is driven by the increasing burden of chronic diseases coupled with the geriatric population, rising adoption of healthcare IT solutions, government focus on preventive healthcare, growing focus on building disease registries, and increasing healthcare expenses worldwide. In addition, untapped opportunities in emerging economies and rising focus on value-based care are offering opportunities for market growth. However, patient data privacy, confidentiality issues and lack of interoperability are hindering the growth of this market.
The population health management (PHM) solutions market is segmented by Component (Software, Services), Mode of Delivery (On-premise, Cloud-based and Web-based), End User (Healthcare Providers, Healthcare Payers [Private, Public], and Other End Users), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
Based on component, in 2023, the software segment is expected to account for the largest share of the population health management (PHM) solutions market. The PHM software allows healthcare providers to provide personalized treatments, better decision making, and improved clinical outcomes at lower costs. Further, a high rate of patient engagement in clinical care management allows for greater patient satisfaction.
Based on mode of delivery, the cloud-based and web-based segment is projected to register the highest CAGR over the forecast period . The growth of this segment is attributed to the rising demand for cloud and web-based PHM solutions due to their cost-effectiveness, enhanced interoperability, and increased reliability and accessibility.
Based on end user, in 2023, the healthcare providers segment is expected to account for the largest share of the population health management (PHM) solutions market. Healthcare providers include hospitals & clinics, nursing homes, ad medical practitioners. With the help of PHM solutions, providers can create specific care plans for their patients and understand the health trends of the patient population. PHM solutions also help identify and anticipate patients at risk of developing diseases. Furthermore, the high adoption of digital solutions among the providers due to the availability of funding also supports the large market share of this segment.
Based on geography, in 2023, North America is expected to account for the largest share of the population health management (PHM) solutions market. The presence of several leading market players and easy availability of PHM solutions, initiatives supporting e-health, and high adoption of value-based care approaches in North America are the factors supporting the large share of this market.
The key players profiled in the population health management (PHM) solutions market report are Allscripts Healthcare, LLC (U.S.), Oracle Corporation (U.S.), Deloitte Tohmatsu LLC (U.K.), Epic Systems Corporation (U.S.), Conifer Health Solutions, LLC. (U.S.), GE Healthcare (U.S.), The International Business Machines Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), i2i Population Health (U.S.), McKesson Corporation (U.S.), Medecision (U.S.), Health Catalyst (U.S.), and UnitedHealth Group (U.S.).
Download Sample Report:https://www.meticulousresearch.com/download-sample-report/cp_id=3897
Key questions answered in the report-
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Dental Practice Management Software Market Worth $ 3.11 Billion by 2029Read More