As per the research report published by Transparency Market Research, the population health management solutions market will touch a market of US$69,000 Mn in valuation by 2025. This is a remarkable growth from the initial valuation reported in 2016 of US$18,500 Mn. Such an outstanding growth of the market is thus expected to be complemented by a similarly outstanding CAGR of 16.1% in the coming years of the forecast period.
Mergers and Acquisitions are Key Strategies for Leading Companies in Market
The competitive landscape of the global population health management solutions market is a fairly fragmented one with the presence of a number of key players. These leading companies are projected to opt for mergers, joint ventures, and takeovers with a view to cement their brand position on a global scale. For instance, CarePort was recently acquired by Allscripts with an objective to strengthen their product portfolio in the segment of acute care. In addition to this, other leading companies in the market are working towards developing more efficient solutions. This has encouraged more funding and investments to be poured into the research and development activities.
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Some of the key players in the global population health management solutions market include names such as Health Catalyst, ZeOmega, Cerner Corporation, UnitedHealth Group, and Business Machines Coroporation among others.
Several healthcare service providers have been working on multiple projects to enhance the quality of the general population. With the use of the population health management solutions systems, the clinical records and other health-related information of the patient can be accessed without much hassle. Moreover, with the advancements in the healthcare sector itself, is helping to drive the growth of the global health management solutions market. It is thus presenting a plethora of business opportunities for the leading players to offer a strong value proposition to the end-users.
Positive Government Support is Key for North America Market Growth
The global population health management solutions market has been predominantly led by North America. The growth of the North America market is attributed to the high awareness among the population in the region about the advantages of using health management solutions. Moreover, both the governmental and the non-governmental institutions are making targeted efforts for the management of chronic diseases. This has also helped in the development of the population health management solutions market in North America region.
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On the other hand, the Asia Pacific market is expected to exhibit a strong growth rate over the course of the given forecast period. The primary reason behind the projected growth of the region is the presence of emerging economies such as India and China that are investing large sums for the overhaul of their domestic healthcare infrastructure. Other nations such as Japan and Australia are also emerging to be huge markets for these health management solutions platforms. The markets of the Middle East and Africa and Latin America are still in their infancy and are expected to grow at a steady pace in the coming years of the forecast period.
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