Population health
management is the aggregation and analysis of patient data across multiple
health domains and data resources, so as to improve both clinical and financial
outcomes. The explosive growth of healthcare data availability which includes
clinical data, market data etc. is creating a new set of opportunities and
challenges for healthcare industry.
The global population
health management market is growing with the rapid pace; mainly due to the
technological innovation. According to a recent study report published by the
Market Research Future, the global population health management is booming and
expected to gain prominence over the forecast period growing rapidly. The
market is forecasted to demonstrate a spectacular growth by 2023, surpassing
its previous growth records in terms of value with a striking CAGR during the
anticipated period (2017 – 2023).
The
population health management market is expected to grow during the forecast
period (2018–2023) at a CAGR ~22.4%.
Notably,
extreme need to fill in the gap between expenditure and outcomes is the key
factor driving the population health management market. It is observed that in
the year 2012 digital healthcare data was estimated to be around 500 petabytes
and is expected to reach 25,000 petabytes by 2020. On the other hand there has
been deterioration in clinical outcomes in spite of huge expenditure on
healthcare. The U.S. alone spend a whopping 16% of its GDP on healthcare in
2015. Despite this huge GDP expenditure the United States doesn't even rank in
the top 10 best public health care systems with countries such as Denmark
ranking higher than it.
Population
Health Management Market Segmentation:
The population health
management market has been segmented on the basis of component, solution,
delivery mode, and end-user.
On the basis of
component, the market has been classified as hardware, software, and services.
The services segment has been further divided into consulting, training, and
education, post-sales and maintenance services, and others.
Based on solution,
the market has been divided into data integration and management, analytics,
patient engagement, and care coordination. The data integration and management
segment has been further divided into clinical data integration, financial data
integration, data warehousing, real-time data exploration, and others. The
analytics segment has been classified as a point of care decision support,
predictive analytics, and others. The patient engagement segment has been
divided into remote monitoring, multimodal communication, monitoring and
compliance, treatment plan, and others. The care coordination segment has been
segmented into care management workflow automation, real-time alerting,
clinical reporting, care team coordination, and others.
The delivery mode
segment has been divided into on-premise, web-based, cloud-based, and
app-based.
The market, by
end-user, has been segmented into healthcare providers, healthcare payers,
government organizations, and others.
The market has been
segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle
East & Africa. The population health management market in the Americas has
further been segmented into North America and South America, with the North
American market divided into the US and Canada.
The European
population health management market has been segmented into Western Europe and
Eastern Europe. Western Europe has further been classified as Germany, France,
the UK, Italy, Spain, and the rest of Western Europe.
The population health
management market in Asia-Pacific has been segmented into Japan, China, India,
South Korea, Australia, and the rest of Asia-Pacific. The population health
management market in the Middle East & Africa has been segmented into the
Middle East and Africa.
Key
Players
Some
of the key players in the population health management market are Allscripts
Healthcare Solutions Inc., Cerner Corporation, McKesson Corporation.,
International Business Machines Corporation (IBM), Epic Systems Corporation,
Health Catalyst. , Optum, Inc., Conifer Health Solutions, LLC., Koninklijke
Philips N.V., Lumeris, ZeOmega, Healthagen LLC, UnitedHealth Group, and
Persivia.
Regional
Analysis
Most of the existing
market players are concentrated in the Americas owing to well-established
market and high healthcare expenditures. According to the Centers for Medicare
& Medicaid Services, in 2015, U.S. healthcare spending increased 5.8%
reaching USD 3.2 trillion Canadian healthcare specifically was stressed by an
advancing demographic move. The increase of insurance coverage because of
health care reform (Affordable Care Act, 2010) in the U. S. additionally
prompted an expansion in health care spending.
The regulatory
changes in the U.S. such as implementation of Affordable Care Act and Hospital
Readmissions Reduction Program coupled with Medicare initiative to penalize
unnecessary patient readmissions will strengthen the position of the U.S.
Table
Of Content
Chapter 1. Report
Prologue
Chapter 2. Market
Introduction
2.1 Definition
2.2 Scope Of The
Study
2.2.1 Research
Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research
Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary
Research
3.4 Market Size
Estimation
TOC Continued….!
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