Population Health Management Market Is Likely To Reach USD 89.5 Billion By 2025: Grand View Research, Inc.
The population health management (PHM) market was
valued at USD 20.7 billion in 2015 and is anticipated to reach a value of USD
89.5 billion by 2025, according to a new report by Grand View Research, Inc.
Global healthcare costs are rising constantly, which is inevitable with the
increase in chronic diseases and geriatric population. It is a major concern
and the best option available to reduce expenses and contain high-cost medical
care. To achieve this, providers need patient-centric data in order to trace
patients who are at risk of poor health outcomes. In technical terms, this is
known as a change from fee-for-service (FFS) to a value-based payment (VBP)
model, which is expected to be the leading market driver for population health
management. Major market drivers are increasing efforts to contain rising
healthcare costs, rising demand for solutions supporting value-based care
delivery, and increasing demand for effective disease management.
Providers accounted for the
maximum share in the year 2015. Factors contributing to the growth of medical
provider segment are population health management enabling better disease
management, reduced inpatient stays, and decrease in overall observation hours,
which enable providers to implement best possible care, although employer
groups segment is expected to be the fastest growing segment from 2016 to 2025.
North America accounted for the
largest share in 2015. The region has a very advanced technological landscape
and the largest healthcare system all over the world. The demand for PHM is
high in the region due to the fact that major population health management
software and service providers are U.S. based. In addition, the U.S. healthcare
spending is the largest in the world, which is an increasing concern. Measuring
population health outcomes is expected to enable them implement best practices
as well as contain costs.
PHM market, by product, 2014 -
2025 (USD Million)
Browse full research report on portable Population Health Management Market: http://www.grandviewresearch.com/press-release/global-population-health-management-phm-market
Further key findings from
the report suggest:
- North America
reported highest revenue growth in the PHM market. The increasing pressure
by the government on healthcare providers since implementation of
Obamacare in 2010, to contain high healthcare costs, is one of the leading
factors propelling the demand and requirement for population health
management practice.
- The software
market is expected to account for the largest market share in the year
2015. The growth of the software segment can be owed to the fact that it
enables the establishment of a more customized system that can be tailor
made to fit individual business requirements.
- Healthcare
providers accounted for the largest market share in 2015, although the
employer groups are expected to experience fastest growth in the forecast
period. Employers are focusing toward conservative utilization of
resources to lower costs as well as ensuring that employees maintain good
health.
- Some of the
key players in this industry Allscripts, Inc.; Cerner Corporation; Conifer
Health Solutions, LLC; eClinicalWorks; Enli Health Intelligence; McKesson;
Medecision; Optum; and WellCentive, Inc.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-population-health-management-phm-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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