With 19.9% CAGR, Population Health Management Market Size to Surpass USD 91.43 Billion by 2026 | Report by Fortune Business Insight
According to Fortune Business Insights, The global population health management (PHM) market size is predicted to reach USD 91.43 billion by 2026, exhibiting a CAGR of 19.9% during the forecast period. Agreement Between Geisinger and Cerner to Foster Growth
Pune, India, Jan. 27, 2023 (GLOBE NEWSWIRE) -- The global population health management market size is predicted to reach USD 91.43 billion by 2026, exhibiting a CAGR of 19.9% during the forecast period. The rising shift from fee-for-service (FFS) to a value-based payment (VBP) in healthcare will have a positive impact on the population health management (PHM) market growth during the forecast period. Moreover, the growing awareness regarding value-based payment (VBP) and its holistic approach, which allows clinical outcomes and reimbursement from insurance companies. Thus, the shift from conventional fee-for-service (FFS) reimbursement to value-based payment (VBP) reimbursement will enable speedy growth of the market in the forthcoming years. In addition, the effective accessibility of population health management over diverse specialties and various healthcare institutions will boost the population health management (PHM) market trends.
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Population Health Management (PHM) Market Report Scope & Segmentation :
| Report Coverage | Details |
| Forecast Period | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR | 19.9% |
| 2026 Value Projection | USD 91.43 Billion |
| Base Year | 2018 |
| Market Size in 2018 | USD 21.40 Billion |
| Historical Data for | 2015 to 2017 |
| No. of Pages | 125 |
Key Takeaways :
- Need for Improved Clinical and Financial Outcomes for Patients to Drive Demand for Healthcare IT, Increasing Technological Advancements in Healthcare IT Coupled with to Augment Demand for Population Health Management
- Strong Product Portfolio and Global Presence of Cerner and Allscripts Healthcare, to Drive the Companies to a Market Leader Position in Population Health Management
- Growing need for aggregation of patient data across various health information technology resources and change in the reimbursement models in healthcare is driving the adoption of population health management in the market.
- Concerns Associated with Cyber Security and Weaker Healthcare Infrastructure in Emerging Countries to Limit the Adoption of PHM
As per the Report, published by Fortune Business Insights, titled “Population Health Management (PHM) Market Size, Share & Industry Analysis, By Component (Software, and Services), By Platform (Cloud-based, and On-premise), By End User (Healthcare Providers, Healthcare Payers, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 21.40 billion in 2018. The population health management (PHM) market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis.
From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.
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Competitive Landscape:
Agreement Between Geisinger and Cerner to Foster Growth
The focus by key players to launch innovative new population health management software and solutions will create new opportunities for the population health management (PHM) market revenue in the forthcoming years. For instance, in October 2019, Geisinger, a regional health care provider and Cerner, an American supplier of health information technology solutions, services, devices, and hardware announced a ten-year agreement to expand the use of HealtheIntent platform for improved outcomes and diverse delivery network. Furthermore, Karen Murphy, PhD, RN, Executive Vice President, Chief Innovation Officer and Founding Director of the Steele Institute for Healthcare Innovation at Geisinger, said in a statement, “Expanding our relationship with Cerner and leveraging its capabilities across our health network will help create a better, seamless experience for our clinicians and help improve the personalized care we provide patients.” He further added, “we expect to see continued and significant growth over the next decade as we work together toward innovation that shapes the future of health care.”
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Regional Analysis
Advanced Healthcare Infrastructure to Support Growth in North America
The market in North America generated a revenue of USD 13.84 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the advanced healthcare infrastructure and greater adoption of healthcare IT. The presence of major market players and their products in the region will aid growth in North America. The rising awareness among the patient population towards population health management and home healthcare will enable growth in North America. The market in Europe and Asia-Pacific is expected to witness steady growth owing to the lower initial adoption and of population health management. However, increasing advancements in healthcare IT infrastructure coupled with increasing number of specialty and multi-chain hospitals in Asia Pacific will boost growth in the region.
The Report Lists the Key Main Companies in the PHM Market
- Cerner Corporation
- Allscripts Healthcare, LLC
- Deloitte Touche Tohmatsu Limited
- GE Healthcare (General Electric Company)
- International Business Machines Corporation (IBM)
- Koninklijke Philips N.V.
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Table Of Content :
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
-
Key Insights
- Regulatory Scenario - by Key Countries
- Overview of Key Mergers and Acquisitions
- Key Start-ups With Their Funding Overview
- Key Industry Trends
- Overview of Healthcare Infrastructure – Key Countries
-
Global Population Health Management (PHM) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
-
Market Analysis, Insights and Forecast – By Component
- Software
- Services
-
Market Analysis, Insights and Forecast – By Platform
- Cloud-based
- On-premise
-
Market Analysis, Insights and Forecast – By End User
- Healthcare Providers
- Healthcare Payers
- Others
-
Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
-
North America Population Health Management (PHM) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
-
Market Analysis – By Component
- Software
- Services
-
Market Analysis – By Platform
- Cloud-based
- On-premise
-
Market Analysis – By End User
- Healthcare Providers
- Healthcare Payers
- Others
-
Market Analysis – By Country
- U.S.
- Canada
-
Europe Population Health Management (PHM) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
-
Market Analysis – By Component
- Software
- Services
-
Market Analysis – By Platform
- Cloud-based
- On-premise
-
Market Analysis – By End User
- Healthcare Providers
- Healthcare Payers
- Others
-
Market Analysis – By Country/ sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
Toc Continue..
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