North America Population Health Management Market to Register 23.5% CAGR by 2022

Global Population Health Management Market Expected to Grow at 23.3% CAGR During 2016 – 2022

New York, United States - November 6, 2017 /MarketersMedia/ —

The global population health management market accounted for revenue of $11,114.4 million in 2015, and it is expected to grow at a CAGR of 23.3% during the forecast period. Based on delivery mode, the cloud based segment is expected to witness the fastest growth, at a CAGR of 29.1%, during the forecast period.

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Population health management is the collection of patient data through multiple health information technology resources, to analyze data through which care providers can improve financial, operational, and clinical outcome. It improves the quality, safety, efficiency and cost-effectiveness of the healthcare delivery system. It helps to provide real time insight to administer and clinicians, and allows them to identify the care gap within the patient, and minimizes the need for expensive interventions.

The global population health management market is growing at a significant rate, due to growing geriatric population, regulatory mandate under the Affordable Care Act (ACA) and incentives and investment by the federal government for adoption of healthcare information technology. In addition, the increasing prevalence of chronic and lifestyle associated diseases, increasing focus on personalized medicine, and increasing healthcare cost are also driving the growth of the global market. However, the restraints associated with the growth of the global population health management market include lack of privacy of patient data, lack of skilled professionals, and huge investment in infrastructure requirement.

Geographically, North America is expected to maintain its dominance in the global market of population health management during the forecast period. This is due to improved healthcare infrastructure, increased prevalence of chronic and lifestyle associated diseases, and increased healthcare spends in the region. In addition, the regulatory mandates set up under the Affordable Care Act (ACA) in the U.S. are also driving the growth of the North American population health management market.

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The European population health management market is growing, mainly due to growing geriatric population, increasing prevalence of chronic diseases, and increasing healthcare cost. However, the Asian market of population health management is also witnessing the significant growth globally, during the forecast period. This is due to the increasing prevalence of chronic and lifestyle associated disease, increasing healthcare information technology adoption, improving healthcare infrastructure, and increasing healthcare cost.

Some of the key companies operating in the global population health management market include Cerner Corporation, McKesson Corporation, Allscripts Healthcare Solutions Inc., Wellcentive Inc., Conifer Health Solutions LLC., IBM Corporation, Optum, Inc., and Health Catalyst LLC.

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Release ID: 260670