Wednesday, 18 March 2020

Population Health Management Market – Analysis and Forecast To 2024 | McKesson Corporation, Cerner Corporation.

Population Health Management Market Highlights
Population Health Management is the consolidation of patient’s health information through various technological platforms to analyze and facilitate healthcare delivery. Global population health management market generated USD 15.9 billion in 2017. The population health management market provides healthcare facility by software and services offerings. The software category accounts for the larger share of more than 80% in 2017. This is primarily due to the increasing customization of software as per the requirement adding advantage to the category over other solution.

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Healthcare providers are the major share holder based on end user for population health management market, and is also estimated to lead based on size during the forecast period. The category’s large size is due to the advantages of population health management that diminishes the healthcare management gap primarily faced by high risk patient population. other end users of population health management includes healthcare payers, government bodies, and employer group.

North America held the largest share of 48.8% in the global population health management market in 2017, majorly due to factors such as increase in awareness towards the benefits of population health management, the rise in demand to reduce healthcare cost, government initiatives to offer disease management programs, and the implementation of health reform such as the affordable care act (ACA) in U.S. Europe also holds significant share in the global market due to high adoption rate of population health management in countries such as Germany and U.K. Moreover, the population health management industry is expected to be witness highest demand registering fastest CAGR of 27.4% in Asia-Pacific, during the forecast period.

In February 2017, IBM Watson Health introduced its value based care solutions at the Health Information Management Systems Society (HIMSS) conference. The value based care solutions includes provider performance manager, engagement manager, bundled payments forecasting and management, and custom analytics as a set of its application for managing population health. Similarly, other leading players in the global population health management market are providing integrated solutions with enhanced services to maintain their competency in the market.

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Key players of the global population health management market include McKesson Corporation, Cerner Corporation, Health Catalyst, LLC, Wellcentive, Inc., Conifer Health Solutions, LLC, Allscripts Healthcare Solutions, Inc., Verscend Technologies, Inc., UnitedHealth Group, and Koninklijke Philips N.V.

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