Population Health Management Market Is Projected to Expand at a CAGR of 16.1% from 2017 to 2025
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Benefits of PHM tools such as data integration, data analysis, care coordination, and reduction of health care cost have led to increase in adoption of PHM tools. Chronic diseases such as diabetes and cardiovascular diseases require identification of high risk patients and implementation of disease management. This is made possible by PHM tools. This is one of the factors projected to drive the global population health management market during the forecast period. Developed health care IT infrastructure and increase in health care IT spending are the other factors anticipated to propel the global market during the forecast period. Lack of awareness about PHM tools and application software is expected to restrain the global market from 2017 to 2025.
The report offers detailed segmentation of the global population health management market based on component, mode of operation, and end-user. In terms of component, the services segment is poised to account for the leading share of the global market during the forecast period from 2017 to 2025. Factors attributed to the higher share of the segment include services offered by PHM vendors such as data analysis guidance, end-user training, post-sale services, and maintenance of software. The segment is anticipated to hold about 40% share of the global market in terms of revenue in 2016. Based on mode of operation, the global market has been categorized into web-based, cloud-based, and on-premise. The web-based segment dominated the global market in 2016, accounting for over 40% share. The cloud-base segment is expected to grow at a rapid pace during the forecast period due to increase in adoption of cloud-based computing.
In terms of end-user, the global population health management market has been classified into health care providers, insurance providers, pharmaceutical companies, and others. The health care providers segment is expected to account for the largest share of the global market due to increase in use of PHM tools because of added advantages. The segment held approximately 40% share of the global market in 2016. The insurance providers segment held the second largest share of the market in 2016, attributed to advantages of PHM tools such as identification of high risk patients and hospitalized patients.
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In terms of region, the global population health management has been segmented into
The population health management market in
Major companies in the global population health management market include
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