“Reliable Population Health Management (PHM) Market Reports serve as an ideal solution for better market understanding and high business growth. It has become imperative in this rapidly changing market to take alert reports that alert you to the surrounding market conditions. This market report consists of a series of factors that have an influence on the market and industry, namely industry insights and critical success factors (CSF), market segmentation and value chain analysis, industry dynamics, drivers, obstacles, key opportunities, technology and application prospects, country level analysis and regional, competitive landscape, company market share analysis, and key company profiles.
Extensive research was conducted in the Population Health Management (PHM) Market report involving thorough primary interviews with key customers, understanding their preferences and unmet needs. The base year of calculation in the report is taken in 2022 and the historic year is 2021 which will tell how the Population Health Management (PHM) s Market will perform in the forecast year by informing the definition, classification, application and involvement of the market. Market studies help in making sales estimates of its products and thereby, establishing a harmonious adjustment between demand and supply of its products. Global Population Health Management (PHM) Market Report serves to be an ideal solution for better understanding of the market.
Data Bridge Market Research analyses that the population health management (PHM) market, which was USD 29.88 billion in 2022, would rise to USD 128.48 billion by 2030 and is expected to undergo a CAGR of 20% during the forecast period 2023 to 2030.
Explore Further Details about This Research Population Health Management (PHM) Market Report https://www.databridgemarketresearch.com/reports/global-population-health-management-phm-market
Population Health Management (PHM) Market Scope and Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 – 2020) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Platform (Cloud-Based, On-Premise), Component (Software, Services), End User (Healthcare Providers, Healthcare Payers, Others) |
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Countries Covered |
U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
MCKESSON CORPORATION (U.S.), Verisk Analytics, Inc (U.S.), Forward Health Group, Inc (U.S.), Health Catalyst (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Medecision (U.S.), Xerox Corporation (U.S.), Allscripts Healthcare, LLC (U.S.), Fonemed (Canada), General Electric (U.S.), HealthBI (U.S.), NXGN Management, LLC (U.S.), Optum Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), IBM (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany) |
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Market Opportunities |
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Market Definition
Population health management (PHM) is a complete process or system to collect and evaluate a patient’s health-related data. Patient involvement, integration, care coordination, value-based care measurement, and health information management are all included in this management. It primarily focuses on enhancing population health and improving healthcare outcomes. It also helps patients and healthcare professionals have real-time access to medical information.
Global Population Health Management (PHM) Market Dynamics
Drivers
- Increasing Incidence of Chronic Disorders
Chronic illness is the main driving force in the population health management sector. About one in three of all adults suffer from multiple chronic conditions globally. Around 6 in 10 adults in the U.S. suffer from chronic diseases. In these kinds of cases of chronic illness, patient record maintenance and surveillance are very important. The demand for effective treatment has surged to a great extent due to chronic sickness. Thus, this factor increases the market growth.
- Increasing Investments for R&D Associated with Population health management (PHM)
Several manufacturers invest in research and development to develop innovative products to assist healthcare organizations. For instance, Allscripts announced its agreement to sell the CarePort Health business to WellSky Corp in 2020 with a payment of approximately USD 1.35 billion. Furthermore, Health Catalyst, Inc. announced the launch of its Population Health Foundations solution in 2019. Thus, this factor boosts market growth.
Opportunities
- Growing Collaborations of Market Players Dealing with PHM
Several companies are investing in developing new products and collaborating with other companies to increase market growth. In 2021, Phillip Healthcare launched its full remote emergency patient flow management solution. Furthermore, Cerner Corporation collaborated with Salesforce, a major Customer Relationship Manager (CRM) player, in 2018. The aim was to combine Salesforce Marketing Cloud and Health Cloud with its cloud-based population health platform, HealtheIntent. Thus, this factor boosts market growth.
Key questions answered in the Population Health Management (PHM) Market are:
- What is Population Health Management (PHM) Market?
- What was the Population Health Management (PHM) Market size in 2022?
- What are the different segments of the Population Health Management (PHM) Market?
- What growth strategies are the players considering to increase their presence in Population Health Management (PHM) Market?
- What are the upcoming industry applications and trends for the Population Health Management (PHM) Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Population Health Management (PHM) Market?
- What major challenges could the Population Health Management (PHM) Market face in the future?
- What segments are covered in the Population Health Management (PHM) Market?
- Who are the leading companies and what are their portfolios in Population Health Management (PHM) Market?
- What segments are covered in the Population Health Management (PHM) Market?
- Who are the key players in the Population Health Management (PHM) Market?
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