The global Population Health Management market worth $ 63.8 billion by 2031, growing at a CAGR of 12.7%
Increase in prevalence of chronic diseases such as cardiovascular diseases, benefits of PHM tools such as data integration, health management, data storage are anticipated to fuel the growth of the global population health management market during the forecast period. Furthermore, implementation of the Patient Protection and Affordable Act in the U.S., and rise in trend of big data ae the key factors to propel the global population health management market during the forecast period.
The increasing geriatric population is influencing the growth of the population health management market. The senior citizen requires a good care as they are prone to illness due to low immunity levels. The elderly population has tremendously holds the necessity for personalized medicines, due to the low immunity and more susceptible to drug allergy. Thus, increasing geriatric population creates increased demand for population health management industry.
Moreover, lack of awareness about population health management platforms in developing regions, unavailability of PHM platforms, and high cost of installation in many countries are the factors hampering the growth of the global population health management market.
Pacific region is growing witnessing a rapid growth in the global population health management market. Established countries such as Australia and Japan hold the major contribution in the market growth for population health management industry. Increasing disposable income, spreading awareness about PHM, and focusing on government initiatives for disease management with the help of data analytics drive the market in Asia Pacific. The global population health management market in Middle East & Africa, and Latin America is at a nascent stage and is anticipated to witness a potential growth during the forecast period.
The global population health management market is segmented into several classifications including application outlook, end-use outlook, and regional outlook. Based on the application outlook the global population health management industry is categorized by software, and services. Furthermore, the global population health management market is divided into payers, providers, employer groups. In terms of regional outlook the global population health management market is widely range to North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, Japan, China, Latin America, Brazil, Mexico, Middle East & Africa, and South Africa.
Leading players of the global population health management market include Allscripts, McKesson Corporation, Cerner Corporation, etc.
Population Health Management Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||$ 63.8 billion|
|Growth Rate||CAGR of 12.7% during 2021-2031|
|Segment Covered||Mode of Delivery, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Allscripts; McKesson Corporation; Cerner Corporation; Conifer Health Solutions LLC; eClinicalWorks|
Key Segmentation of the Global Population Health Management Market
- Employer Groups
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa