Population Health Management Market Size: Market Share and Competitive Analysis
The Population Health Management Market Size was valued at USD 58.85 billion in 2022, and is expected to reach USD 290.70 billion by 2030, and grow at a CAGR of 22.1% over the forecast period 2023-2030.
Population Health Management Market is a rapidly growing sector in the healthcare industry that focuses on improving the overall health outcomes of a specific population. It involves the collection, analysis, and management of health data to identify patterns, trends, and risk factors that can be used to develop targeted interventions and strategies.
The market for population health management solutions is driven by several factors. Firstly, there is an increasing need for healthcare organizations to shift from a reactive approach to a proactive one. With the rising prevalence of chronic diseases and an aging population, healthcare providers are realizing the importance of preventive care and early intervention. Population health management enables them to identify high-risk individuals or groups and provide them with personalized care plans.
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Secondly, advancements in technology have played a significant role in driving the growth of this market. The availability of electronic health records (EHRs), wearable devices, and remote patient monitoring systems has made it easier to collect and analyze large volumes of health data. This data can be leveraged to gain insights into population Furthermore, population health management allows healthcare providers to proactively intervene and address health issues before they escalate. By identifying high-risk individuals or groups, healthcare professionals can develop personalized care plans that target specific health concerns and provide timely interventions. This approach not only improves the overall health outcomes of individuals but also helps in reducing healthcare costs by preventing expensive hospitalizations and emergency room visits.
KEY MARKET SEGMENTS
By Component Type
· Software
· Services
By Mode of Delivery Type
· On Premise Mode of Delivery
· Cloud -Based Mode of Delivery
By End Users
· Healthcare Providers
· Healthcare Payers
Major Players Listed in the Report are as Follows:
Allscripts, Conifer Health Solutions LLC, McKesson Corporation, eClinicalWorks, NextGen Healthcare, Inc., IBM Corporation, Arcadia, Cerner Corporation, Athenahealth, Cotiviti.
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