Vantage Market Research
May 03, 2022
In terms of revenue, the Global Population Health Management Market is probable to reach USD 49.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 12.8% from 2022 to 2028.
The increasing geriatric population and the consequent growth in the burden of chronic diseases are the other factors driving the growth of the Population Health Management Market during the forecast period. Additionally, the Population Health Management solutions allow stakeholders in the healthcare sector to provide patient-centric care and support in limiting the high costs related to the healthcare by dropping readmissions, and ensuring that only optimum and appropriate intrusions are provided to the patients in the healthcare sector.
Key Highlights from the Report:
- The on-premise sub-segment is anticipated to grow at a substantial Compound Annual Growth Rate (CAGR). The benefits offered by the on-premise delivery mode are customization of solutions, ability to reuse the existing servers, reduced risk of data breaches, and stored hardware is supported in its increased adaptability in the Population Health Management Market.
- The healthcare providers sub-segment holds a substantial market share in 2021. The large share of healthcare providers segment is attributed to the execution of the Affordable Care Act and Hospital Readmissions Reduction Program which is meant for lowering healthcare costs by using novel Population Health Management solutions in the United States, as well as the increased demand for these solutions among healthcare providers across various regions.
- Asia Pacific is the fastest regional segment. The growth of the Asia Pacific Population Health Management Market is driven by the increasing medical tourism, the execution of new ICT guidelines in Japan, investments, and transformations to advance China’s healthcare infrastructure, the speedily increasing healthcare industry in India, and the execution of IT programs in Australia and New Zealand.
The growth of developing economies like India, Russia, Brazil, China, and South Korea, increasing focus on value-based medicines, and the rising focus on personalized medicines are projected to provide profitable growth opportunities for the Population Health Management Market in the coming years.
The Population Health Management solutions allow stakeholders in the healthcare sector to provide patient-centric care and support in limiting the high costs related to the healthcare by dropping readmissions, and ensuring that only optimum and appropriate intrusions are provided to the patients in the healthcare sector. Furthermore, these solutions streamline workflow by ensuring the processes in the care delivery function effortlessly which is expected to drive the demand for Population Health Management in the coming years.
North America is the largest market. Factors such as rising federal healthcare mandates to limit the increasing healthcare costs, increasing regulatory requirements, growing acceptance of EHRs, and intensifying government initiatives focusing on personalized medicine and value-based compensations are anticipated to drive the growth of the Population Health Management Market in North America during the forecast period.