Population Health Management Market Size, Growth and Forecast Report by 2027
Population health management platform is practice of classifying group of individuals that helps in maintaining & improving health conditions of these groups. This is patient friendly platform which supports in managing treatment costs by providing cost efficient alternatives. Also, it helps providers and payers to manage risk associated with reimbursement rules and policies.
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For a better understanding of the Population Health Management market, a better grip over the macroeconomic and microeconomic factors are needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.
Market Drivers
Rise in geriatric population and burden of chronic diseases, and digitalization of healthcare system is key driving factor which is expected to drive the global population health management market growth. Furthermore, increase in need for affordable treatment options due to rise in healthcare costs will significantly fuel the market growth over the forecast period. The rise in penetration of IT in the sector of healthcare is expected to boost the global population health management market growth. Benefits provided by population health management systems like remote patient monitoring, data storage, and data integration will fuel the global population health management market growth. Moreover, rise in awareness regarding the adoption of better personalized medicine is anticipated to propel the significant opportunities for the key players in the market in near future.
Market Restraints
High investments in infrastructure to set up a Robust PHM program is the major challenging factor which is expected to hinder the global population health management market growth. Further, lack of data management capabilities and skilled professionals will limit the global population health management market growth.
Market Key Players
Various key players are listed in this report such as Cerner Corporation, Koninklijke Philips, Epic Systems Corporation, I2I Population Health, IBM Corporation, Allscripts Healthcare Solutions, Eclinicalworks, Medecision, Athenahealth, and Arcadia
Market Taxonomy
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
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