(2019 – 2024) “Population Health Management Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Population Health Management Analysis. The Population Health Management market is expected to register a CAGR of approximately 21.7% during the forecast period of (2019 – 2024).
Population Health Management Market Report Covers Leading Manufacturers: ALLSCRIPTS HEALTHCARE SOLUTIONS INC., CERNER CORPORATION, MCKESSON CORPORATION, IBM, EPIC SYSTEMS CORPORATION, HEALTH CATALYST, OPTUM, CONIFERHEALTH, PHILIPS, HEALTH CATALYST LLC
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The Population Health Management Market has is expected to grow at a CAGR of 21.7%, during the forecast period(2018-2023). North America accounts for the largest geographical market, and is expected to show a tremendous growth in the future.
The Need to Build a Single Platform for Patient’s Record and Management
Many healthcare providers have been working on programs to improve the health of the people at risk. Hence, technology plays an immense role in analyzing the health of the. Some of the software developed to track the patient-data are IntelliChart, ClientTrack, OnBase, Allscripts Care Management, etc. With these solutions, patients’ clinical data will be available, as they move throughout the care continuum, with no information being lost during each care transition. Hence, by utilizing these solutions, hospitals and patients can easily access the health records. Also, hospitals can improve their productivity, remove redundancy, and increase the patient-data safety. Therefore, the need of the population health management is a major driving factor for the growth in the market.
The other factors include, the growing chronic disease population requires long period of surveillance, increasing support and investment from public and private organizations, and favorable government policies.
Need of Multi-Disciplinary Team for Effective Implementation
The population health management solutions are a bit complex, as they are comprehensive databases and can’t be limited to a specific function. The effective implementation of such solutions needs the help of every department and receiving a positive response from every department is not easy. In case a response is obtained, it takes lot of effort and time. This has limited the adoption of EHR/EMR solutions in the developed countries. In the developing regions, the EHR/EMR adoption is also limited as, professionals are not willing to switch to the new technologies. Due to this, people are limitedly implementing the use, which is declining the market.
Reimbursement issue is also a restraining factor for the growth of the market.
North America Dominates the Market
Geographically, North America has been accounted for the largest share of the population health management market in terms of revenue in 2016. The Asia-Pacific region is also expected to expand in the future, due to the growing medical tourism and the rapidly expanding healthcare industry in China and India.
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Reasons to Purchase Population Health Management Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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