The
population health management industry size is set to cross $48.1 billion by 2022. The
growing geriatric population, increasing prevalence of chronic diseases, Affordable
Care Act, increasing investments by HIT players and increasing healthcare spending
are driving the growth of the PHM market.
The market for PHM in the European region is expected to cross $4.7 billion by 2022. The major factors driving the growth of the European population health management market include increase in demand for reducing healthcare cost, high prevalence of chronic diseases and increasing government initiatives. Aging population is another key factor driving the growth of the population health management industry in the region. The geriatric population is more susceptible to acquire diseases and hence, is at a higher risk of suffering from chronic diseases. Among the countries of the European region, Germany was the largest market for PHM, which is expected to grow at a CAGR of 22.8% during the forecast period to reach $1.5 billion by 2022.
Although, the population health management market is largely concentrated in the U.S., emerging economies such as China, India and Brazil offer ample growth opportunities. Huge unexplored market in the Asia and other developing regions create huge revenue generation opportunities for PHM vendors. The healthcare industry is witnessing significant growth in these countries. In addition, the large population base and improving healthcare infrastructure create suitable platform for the penetration of PHM in these countries.
Cerner Corporation, McKesson Corporation, Allscripts Healthcare
Solutions Inc., Wellcentive Inc., Conifer Health Solutions LLC., IBM
Corporation, Optum, Inc., and Health Catalyst LLC are some of the key companies operating in the population health management market.
The market for PHM in the European region is expected to cross $4.7 billion by 2022. The major factors driving the growth of the European population health management market include increase in demand for reducing healthcare cost, high prevalence of chronic diseases and increasing government initiatives. Aging population is another key factor driving the growth of the population health management industry in the region. The geriatric population is more susceptible to acquire diseases and hence, is at a higher risk of suffering from chronic diseases. Among the countries of the European region, Germany was the largest market for PHM, which is expected to grow at a CAGR of 22.8% during the forecast period to reach $1.5 billion by 2022.
Global Population Health Management Market
Segmentation
By Delivery Mode
- Web
based
- Cloud
based
- On-premise
By Component
- Software
- Service
By End User
- Healthcare
provider
- Healthcare
payer
- Employer
group
- Government
bodies
By Geography
- North
America
- U.S.
- Rest
of North America
- Europe
- U.K.
- Germany
- Rest
of Europe
- Asia
- Japan
- Rest
of Asia
- Rest
of the World (RoW)
Although, the population health management market is largely concentrated in the U.S., emerging economies such as China, India and Brazil offer ample growth opportunities. Huge unexplored market in the Asia and other developing regions create huge revenue generation opportunities for PHM vendors. The healthcare industry is witnessing significant growth in these countries. In addition, the large population base and improving healthcare infrastructure create suitable platform for the penetration of PHM in these countries.
Competitive Analysis
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