Population Health Management (PHM) Market Size, Share Analysis Report

Posted 2024-05-07 06:43:06

"With the persuasive Population Health Management (PHM) Market research report, comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the Population Health Management (PHM) Market industry can be obtained. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the report as required to describe the topic and provide maximum information for better decision making. The large scale Population Health Management (PHM) Market report also gives widespread study about different market segments and regions.

The world class Population Health Management (PHM) Market report includes data on patterns and improvements, target business sectors and materials, limits and advancements. This market survey offers key information about the industry, helpful and important facts and figures, expert opinions, and the latest developments across the world. Because businesses can achieve extreme benefits with the different segments covered in the market research report, every bit of the market is touched. The business report on the global Population Health Management (PHM) Market is a valuable document for every market enthusiast, policymaker, investor, and market player. Market share analysis and key trend analysis are the two other major success factors of the wide ranging Population Health Management (PHM) Market report.

Global population health management (PHM) market size was valued at USD 35.86 billion in 2023 and is projected to reach USD 154.17 billion by 2031, with a CAGR of 20% during the forecast period of 2024 to 2031.

Explore Further Details about This Research Population Health Management (PHM) Market Report https://www.databridgemarketresearch.com/reports/global-population-health-management-phm-market

Report Scope and Market Segmentation

REPORT METRIC	DETAILS
Forecast Period	2024-2031
Base Year	2023
Historic Years	2022 (Customizable to 2016-2021)
Quantitative Units	Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered	Platform (Cloud-Based, On-Premise), Component (Software, Services), End User (Healthcare Providers, Hospitals and Physician Groups, Healthcare Payers, Others)
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
Market Players Covered	MCKESSON CORPORATION (U.S.), Verisk Analytics, Inc (U.S.), Health Catalyst (U.S.), athenahealth, Inc. (U.S.), Medecision (U.S.), Xerox Corporation (U.S.), Fonemed (U.S.), General Electric (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)
Market Opportunities	Growing Advancements in Healthcare Technology Increases the Adoption of PHM Solutions Expanding Government Initiatives Drive Implementation of PHM Solutions in Healthcare Organizations

Market Definition

Population health management (PHM) is a proactive approach to healthcare that focuses on improving the health outcomes of a defined group of individuals. It involves analyzing data to identify health needs, implementing interventions to address those needs, and evaluating the effectiveness of those interventions. It integrates healthcare services, community resources, and social determinants of health to enhance overall well-being and reduce healthcare costs.

Population Health Management (PHM) Market Dynamics

Drivers

Escalating Burden of Chronic Diseases Results in Rising Demand for PHM Solutions

Factors such as aging populations, sedentary lifestyles, and dietary changes contribute to the increasing prevalence of conditions such as diabetes, heart disease, and hypertension. PHM solutions offer proactive approaches to managing chronic diseases by leveraging data analytics to identify at-risk individuals, personalize care plans, and facilitate early interventions. Healthcare providers are increasingly turning to PHM tools to optimize chronic disease management, improve patient outcomes, and contain healthcare costs associated with preventable complications and hospitalizations. As the chronic disease burden continues to rise, the demand for effective PHM solutions is expected to grow, driving market expansion and innovation in healthcare delivery.

Increasing Collaborations between Market Players foster Continuous Improvement in PHM Solutions

The partnership between Morris Heights Health Center (MHHC) and Garage, a population health management technology company, exemplifies the increasing investments in research and development (R&D) associated with population health management (PHM). Leveraging Garage's innovative platform, MHHC aims to enhance care delivery and outcomes for its 50,000 patients in the Bronx community. This collaboration signifies a commitment to advancing PHM capabilities through technology-driven solutions, aligning with the broader trend of healthcare organizations investing in R&D to improve population health initiatives. Through such partnerships, healthcare providers can harness the power of data analytics, predictive modeling, and decision support tools to tailor interventions, optimize resource allocation, and ultimately improve the overall health of the population they serve.

Opportunities

Growing Advancements in Healthcare Technology Increases the Adoption of PHM Solutions

Innovations such as electronic health records (EHRs), telehealth platforms, wearable devices, and sophisticated data analytics tools provide the infrastructure and capabilities necessary for effective PHM implementation. These technologies enable seamless collection, integration, and analysis of vast amounts of healthcare data, facilitating risk stratification, patient segmentation, and personalized interventions. Healthcare technology advancements empower healthcare organizations to leverage data-driven insights and digital tools to optimize care delivery, improve outcomes, and reduce costs, driving the adoption of PHM solutions in the market.

Expanding Government Initiatives Drive Implementation of PHM Solutions in Healthcare Organizations

Government Initiatives such as the affordable care act (ACA) in the U.S. and similar reforms globally prioritize population health improvement and value-based care delivery. Regulations often mandate healthcare organizations to meet specific quality metrics and demonstrate population health outcomes, driving the need for PHM tools to track and manage patient populations effectively. Government funding and incentives for healthcare organizations to implement PHM solutions further accelerate market growth by providing financial support and resources for adoption and innovation in population health management strategies.

For instance, In July 2022, the UK Parliament passed the Health and Care Bill, granting legal responsibilities and statutory footings to Integrated Care Systems (ICSs). This legislation reflects a government initiative to drive population health management (PHM) by fostering collaborative, integrated approaches to healthcare delivery. It incentivizes healthcare organizations to adopt PHM solutions to meet the requirements of value-based care models mandated by the legislation.

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Key Pointers Covered in the Population Health Management (PHM) Market Industry Trends and Forecast to 2029

Global Population Health Management (PHM) Market Size
Population Health Management (PHM) Market New Sales Volumes
Population Health Management (PHM) Market Replacement Sales Volumes
Population Health Management (PHM) Market By Brands
Population Health Management (PHM) Market Procedure Volumes
Population Health Management (PHM) Market Product Price Analysis
Population Health Management (PHM) Market Regulatory Framework and Changes
Population Health Management (PHM) Market Shares in Different Regions
Recent Developments for Market Competitors
Population Health Management (PHM) Market Upcoming Applications
Population Health Management (PHM) Market Innovators Study

Why choose Data Bridge Market Research?

Modern technologies, such as artificial intelligence, to provide updated industry growth.
DBMR team provides clients with the top notch Population Health Management (PHM) Market research report.
Interaction with research scientists and development heads to understand the nature of the Population Health Management (PHM) Market more precisely.
24/7 availability of services.
Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.

DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Population Health Management (PHM) Market size

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