United States

Population Health Management (PHM) Market to Reach Value of US$ 184.51 Billion by 2030, And Rise At A CAGR of 20.5%, Contrive Datum Insights

According to a market research study published by Contrive Datum Insights, North America contributed 46.9% of the population health management market’s revenue.

Farmington, Jan. 25, 2023 (GLOBE NEWSWIRE) — The global Population Health Management (PHM) Market was valued at USD 34.44 Billion in 2022 and is projected to reach USD 184.51 Billion by 2030, growing at a CAGR of 20.5% from 2023 to 2030. Population health management (PHM) is the process of improving clinical health outcomes for a given population through improved care coordination and patient engagement, which is supported by the appropriate financial and service models. Its primary objective is to collect and analyse clinical data from a patient’s healthcare environment in an effort to improve the patient’s health as well as the provider’s financial outcomes. This concept transforms the delivery of primary care services from reactive to proactive.

Request Sample Copy of Report “Population Health Management (PHM) Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

It provides comprehensive, well-researched ideas for changing the systems and policies that affect health care quality, access, and results. This enhances a population’s general health and drives the PHM market. In general, PHM programmes utilise a business intelligence (BI) tool to collect data and provide a comprehensive clinical portrait of each patient. Clinicians might use the data to monitor the results of care and, with any luck, improve them while reducing expenses.

Population Health Management (PHM) Market Recent Developments:

  • July 2021 – Healthix and The Garage announced a partnership to launch a professional population health management platform for membership called Municipal. The platform will help Healthix organize, manage and analyze its vast repository of patient data.
  • June 2021 – Emtiro Health, LLC and Innovaccer Inc. announced a partnership to develop a population health analytics platform for the North Carolina Managed Medicaid Care launch. Along with helping the two companies engage in value-based payment arrangements, the partnership will help develop a platform to support North Carolina’s transition to managed care, specifically high-end care housing and providers.
  • December 2020 – Cerner Corporation announced that it had signed an agreement to acquire Kantar Health, a division of the Kantar Group. This acquisition will help promote the Learning Health Network to allow Cerner to engage more directly in the life sciences for funded research.

Population Health Management (PHM) Market Segmentation Analysis:

The services segment has the biggest market share in terms of revenue. This is due to the fact that hospitals and other care providers prefer to use their own solutions and systems rather than allowing third parties access to patient information. The increased requirement for integrated healthcare systems also contributes to the increase in PHM demand. With rising healthcare expenditures, firms are investing heavily in research and development (R&D) to create innovative technologies that can assist healthcare organisations. In June 2019, for instance, Health Catalyst, Inc. announced its Population Health Foundations solution.
In 2019, healthcare providers captured the largest proportion of the population health management market. PHM enhances the outcomes of medical centres and clinics by providing them with more effective disease management strategies. As a result, patients spend less time as in-patients in hospitals and medical centres, and physicians spend less time observing patients as a whole. Therefore, providers may concentrate more on reducing total expenditures and putting the patient’s needs first. In addition, a substantial amount of money is being invested in acute hospital care, which is anticipated to increase the number of providers in the next years. The growing number of elderly individuals, who are more prone to have chronic ailments, is a major factor in the rapid expansion of the market for healthcare services.

Regional Outlook:

North America contributed 46.9% of the population health management market’s revenue in 2021. In 2021, total U.S. healthcare expenditures are projected to reach $4.8 trillion, or roughly 20% of GDP. Consequently, the worrying growth in healthcare expenditures increases the demand for a competent PHM. The administration is concentrating on providing more incentives and making more investments to enhance the nation’s health. This is achieved by carefully monitoring the health of the population and its subgroups. In North America, the market for population health management is being pushed by factors such as the demand on the healthcare industry to reduce costs, the increasing use of information technology in healthcare, cloud computing, the regulatory environment, and the increase in illness prevalence.
The U.S. government enacted the Affordable Care Act (ACA) to promote the use of IT in healthcare and prevent disease. This will contribute to the expansion of the market and provide service providers with more opportunities to gather and store patient information.

Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/248393/?Mode=TM

Scope of Report:

Report Attributes Details
Growth Rate 20.5% from 2023 to 2030
Market Size in 2022 USD 34.44 Billion
Revenue Forecast by 2030 USD 184.51 Billion
By Product & Service Software, Services
By End User Healthcare Providers, Healthcare Payers, Other End Users
By Companies Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US), athenahealth (US), Cotiviti (US), NextGen HealthcareInc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovaccer (US), Lumeris (US), Zeomega (US), HGS Healthcare, LLC (US), Persivia (US), Color HealthInc., (US), and Others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Market Drivers:

Numerous nations’ health care systems are anticipated to be significantly impacted by the ageing population and the associated increase in the incidence of diseases. Because government funds are tightening, there are fewer health professionals in some areas, and more individuals are developing chronic conditions, the effects of the ageing population are becoming even more apparent.

Market Restraints:

About one-third of healthcare data breaches result in medical identity theft. This is primarily due to insufficient internal control over patient information, insufficient support from senior management, out-of-date or disregarded policies and procedures, and inadequate employee training. All of these reasons lead to the surge in healthcare data breaches and medical identity theft cases. This makes it extremely difficult for the healthcare profession to maintain patient confidentiality.

Market Opportunity:

Value-based medicine is altering the practise of healthcare by gathering and making meaningful data based on outcomes. Business Intelligence (BI) assists healthcare organisations in determining what data they require. It also assists them in analysing, evaluating, and employing this information to comprehend the entire costs and benefits and acquire a competitive advantage. It also clarifies all processes so that every purchase can be evaluated based on its value, utility, and results.

Population Health Management (PHM) Market Key Segments Covered:

Top Market Players:
Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US), athenahealth (US), Cotiviti (US), NextGen HealthcareInc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovaccer (US), Lumeris (US), Zeomega (US), HGS Healthcare, LLC (US), Persivia (US), Color HealthInc., (US), and Others.

By Product & Service

  • Software
  • Services

By Mode of Delivery

  • On-premise
  • Cloud-based

By End User

  • Healthcare Providers
  • Healthcare Payers
  • Other End Users

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • Hometech Textiles Market – The Global Hometech Textiles Market is estimated to grow at a CAGR of 5.8% during the forecast period. Owing to the exploding population of the continent, Asia-Pacific accounts for the largest share of the global home textile market. North America holds the second largest share of the total hometech textile market worldwide. Latin America is the third largest consumer of hometech textiles worldwide, behind North America.
  • Core Biopsy Needles Market – The Global Core Biopsy Needles Market Size Is Projected To Grow At A CAGR Of 5.5% During The Forecast Period 2022-2030. North America dominates the core needle biopsy market owing to the prevalence of sophisticated healthcare infrastructure, increased research and development proficiencies by pharmaceutical companies, and rapid adoption of new and better healthcare technologies.
  • Biohacking Market – The Global Biohacking Market size was valued at USD 18.95 Billion. in 2022, and the total revenue is expected to grow by 19.8 % from 2022 to 2030, reaching nearly USD 80.40 Billion. The North American region is expected to hold the largest market share in the global biohacking market, due to various state laws in the US, regulating experiments in biology, thus making it Make it easy for biohackers to share tips and tricks to help out. 
  • Granular Biochar MarketThe granular biochar market is expected to grow from US$ 68,789.87 Thousand in 2022 to US$ 134,541.08 Thousand by 2029; it is estimated to grow at a CAGR of 11.8% from 2022 to 2030. In 2021, Asia Pacific dominates the global market. Furthermore, it is expected to be the fastest-growing region during the forecast period. The granular biochar market in the Asia Pacific is growing owing to various factors such as increasing demand for organic and healthy products, increasing use of granular biochar in the water and wastewater treatment industry, implementation of the latest technologies in the region, and expanding research and development efforts.

Customization of the Report: The report can be customized as per client needs or requirements. For any queries, you can contact us at anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

Social: Facebook / LinkedIn / Twitter

Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +
91 9834816757 | +1 2152974078
Email: 
anna@contrivedatuminsights.com

Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports

Related Articles

Back to top button