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Population Health Management Market Size Worth USD 86.23 Billion By 2025 | CAGR: 15.3%

Published Date : 13 / 09/ 17 | Report Format: PDF

The global population health management market is expected to grow at growth rate of 15.3% to reach USD 86.23 billion by 2025.

Population Health Management system is aimed to improve the healthcare outcomes by identifying and monitoring individual patients within a group. Typically, the PHM system employs a business intelligence (BI) tool in order to aggregate data and present a comprehensive clinical picture of the patient database. Using that data, providers enable to track and improve clinical outcomes while lowering healthcare cost. The advantage of a PHM system is that it offers a well-managed partnership network to provide actionable analytics for providers, and offers the ability to manage multiple lines of business on a single platform. As the complexity in payment models, care delivery models and clinical needs are increasing on daily basis, the requirement for a PHM system is rising across the globe.

On contrary, the healthcare industry tends to rely on evidence-based practices to safeguard quality care and patient safety. The implement of population health management would require complete change management to implement a new method of working and demands expertise and appropriate guidance. Lack of this expertise and guidance would, in turn, pull back the growth of this industry to some extent.

Key Takeaways

  • Product-wise, the software segment recorded the highest revenue share and is projected to grow with the fastest growth rate over the forecast period
  • Services segment posted lowest revenue share in 2017. The PHM services are currently less preferred among the prominent and less preferred among the hospitals as it involves sharing patient-centric data to third party sources
  • Out of the various end-users, the demand from providers is expected to remain high due to multiple functions and advantages that population health management brings to the providers
  • Major players operating in the global population health management market include Healthagen, Allscripts, McKesson Corporation, ZeOmega, Koninklijke Philips, and Cerner Corporation
  • Other potential population health management vendors are Enli Health Intelligence, HealthEdge, Lumeris, Inc., MedHOK, Inc., Phytel, Inc. among others.

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The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY PRODUCT

  • Software
  • Services

MARKET, BY END USE

  • Providers
  • Payers
  • Employers

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

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