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North America Holds Major Market Share in Population Health Management Industry

2021 - 2028 Global Population Health Management Market

2021 - 2028 Global Population Health Management Market

HYDERABAD, TELANGANA, INDIA, February 18, 2022 /EINPresswire.com/ -- Population Health Management Market Forecasts to 2028 – Global Analysis By Component (Software, Services), Mode of Delivery (Cloud–Based, On Premise, Web-based), and By Geography

The Global Population Health Management Market is accounted for $25.33 billion in 2021 and is expected to reach $69.06 billion by 2028 growing at a CAGR of 15.4% during the forecast period. Population health management refers to a program where the patient’s data is combined across numerous health information technology resources. This allows the analysis of these gathered data into a single and actionable patient record, which allows healthcare professionals to advance the clinical and financial outcomes of their patients. Most of the population healthcare management programs employ a business intelligence tool for the aggregation of data, which allows the healthcare professionals to build a precise and accurate clinical picture of every individual patient. Cloud-based segment is expected to be the largest during the forecast period, due to rise in the number of benefits, such as low licensing and startup costs, low costs of maintenance and infrastructure requirements, and wider accessibility. The North America is projected to hold the highest market share, due to big data and cloud computing, continuous reforms by governments, encouraging regulatory set-up, well-established healthcare infrastructure, pressure on healthcare institutions to reduce costs, and growing trends in healthcare IT, and growing diseased patient burden. Asia Pacific is projected to have the highest CAGR, owing to the implementation of several PHM programs in Australia, growing medical tourism in Asia, rapidly growing healthcare industry in India, investments and reforms to modernize China’s healthcare infrastructure, and improving HCIT infrastructure across APAC.

Some of the key players profiled in the Population Health Management Market include Allscripts Healthcare Solutions, Arcadia, Athenahealth, Cerner Corporation, Cotiviti (Verscend Technologies), Eclinicalworks, Enli Health Intelligence ( a Cedar Group Technologies), Epic Systems Corporation, Health Catalyst, Healthec, LLC, I2I Population Health, IBM Corporation, Koninklijke Philips, Medecision, Optum Inc. (A Subsidiary of Unitedhealth Group).

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