The population health management (PHM) market was valued at USD 20.7
billion in 2015 and is anticipated to reach a value of USD 89.5 billion by
2025, according to a new report by Grand View Research, Inc. Global healthcare
costs are rising constantly, which is inevitable with the increase in chronic
diseases and geriatric population. It is a major concern and the best option
available to reduce expenses and contain high-cost medical care. To achieve
this, providers need patient-centric data in order to trace patients who are at
risk of poor health outcomes. In technical terms, this is known as a change
from fee-for-service (FFS) to a value-based payment (VBP) model, which is
expected to be the leading market driver for population health management.
Major market drivers are increasing efforts to contain rising healthcare costs,
rising demand for solutions supporting value-based care delivery, and
increasing demand for effective disease management.
 |
| PHM market, by product, 2014 - 2025 (USD Million) |
Providers accounted for the maximum share in the year 2015. Factors
contributing to the growth of medical provider segment are population health
management enabling better disease management, reduced inpatient stays, and
decrease in overall observation hours, which enable providers to implement best
possible care, although employer groups segment is expected to be the fastest
growing segment from 2016 to 2025.
North America accounted for the largest share in 2015. The region has a
very advanced technological landscape and the largest healthcare system all
over the world. The demand for PHM is high in the region due to the fact that
major population health management software and service providers are U.S.
based. In addition, the U.S. healthcare spending is the largest in the world,
which is an increasing concern. Measuring population health outcomes is
expected to enable them implement best practices as well as contain costs.
In depth research report on Population Health
Management (PHM) Market
Further Key Findings from the Study Suggest:
·
North America
reported highest revenue growth in the PHM market. The increasing pressure by
the government on healthcare providers since implementation of Obamacare in
2010, to contain high healthcare costs, is one of the leading factors
propelling the demand and requirement for population health management
practice.
·
The software
market is expected to account for the largest market share in the year 2015.
The growth of the software segment can be owed to the fact that it enables the
establishment of a more customized system that can be tailor made to fit
individual business requirements.
·
Healthcare
providers accounted for the largest market share in 2015, although the employer
groups are expected to experience fastest growth in the forecast period.
Employers are focusing toward conservative utilization of resources to lower
costs as well as ensuring that employees maintain good health.
·
Some of the
key players in this industry Allscripts, Inc.; Cerner Corporation; Conifer
Health Solutions, LLC; eClinicalWorks; Enli Health Intelligence; McKesson;
Medecision; Optum; and WellCentive, Inc.
Grand View Research has segmented the population health management market
by product, end use, and region.
Global Population Health Management Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Software
·
Services
Global Population Health Management End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Healthcare
Providers
·
Healthcare
Payers
·
Employer
Groups
Global Population Health Management Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East
and Africa
o
South Africa
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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