The growing geriatric population, increasing prevalence of
chronic diseases, Affordable Care Act, increasing investments by HIT players
and increasing healthcare spending are driving the growth of the population
health management market.
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In terms of delivery mode, the population health management
market has been segmented into web based, cloud based and on-premise. In 2015,
the web-based delivery mode was the largest contributor to the population
health management industry. However, the cloud-based delivery mode was the
segment to witness highest growth rate during 2016-2022.
In terms of component,
the population health management market has been segmented into software and
service. In 2015, the software component held the major share in the global
market and the segment would also witness higher growth during 2016-2022.
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Although,
the PHM market is largely concentrated in the U.S., emerging economies such as
China, India and Brazil offer ample growth opportunities. Huge unexplored
market in the Asia and other developing regions create huge revenue generation
opportunities for PHM vendors. The healthcare industry is witnessing
significant growth in these countries. In addition, the large population base
and improving healthcare infrastructure create suitable platform for the
penetration of PHM in these countries.
Some of the key companies operating in the
population health management market include Cerner Corporation, McKesson
Corporation, Allscripts Healthcare Solutions Inc., Wellcentive Inc., Conifer
Health Solutions LLC., IBM Corporation, Optum, Inc., and Health Catalyst LLC.
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