(PRWEB) May 15, 2014
The “Population Health Management Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud), End-User (Provider, Payer, Employer Groups & Government Bodies) - Trends & Global Forecasts to 2018” analyzes and studies the major market drivers, threats, opportunities, and challenges in North America, Europe, Asia, and Rest of the World (RoW).
Browse 33 market data tables and 19 figures spread through 187 pages and in-depth TOC on “Population Health Management Market"
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This report studies the global population health management market over the forecast period of 2013 to 2018. This market was valued at $12.8 billion in 2013 and is poised to grow at a CAGR of 26% from 2013 to 2018, to reach $40.6 billion by 2018.
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The population health management market is segmented into four broad segments, namely, components, delivery modes, end users, and geographies. The market by component is further categorized into software and services. Based on delivery modes, the market is categorized into web-based, on-premise, and cloud-based. The market by end users is categorized into providers, payers, employer groups, and government bodies. Based on geography, the market is divided into North America, Europe, Asia, and Rest of the World (RoW: Pacific countries, Africa, Middle East, and Latin America)
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The adoption of population health management solutions enables the healthcare industry to reduce costs while improving the quality of healthcare. The solutions also provide positive returns on investment. Furthermore, legislative reforms of the Affordable Care Act (ACA) in the U.S., federal funding, rise in aging population, and incentives by the government for the adoption of PHM programs have stimulated the adoption of population health mgment solutions in the healthcare industry. However, in spite of the numerous benefits certain barriers such as huge investments, lack of skilled analysts, fragmented end–user market, and security of patient data are restraining the growth of this market.
The North American market dominated the global market. The largest share of the market can be attributed to the various federal mandates and initiatives that encourage adoption of population health management practices, increasing pressure to reduce healthcare costs, and focus on improving the quality of care. Europe represents the second largest market, but is growing at a lower rate mainly due to the economic crisis and lack of government initiatives for analytics. The Asian market is relatively new to healthcare analytics; however, the increasing HCIT adoption, proficiency of IT skills, and outsourcing trend will drive this market.
The global population health management market is a highly fragmented market with some major players such as Phytel Inc. (U.S.), McKesson Corporation (U.S.), Verisk Health Inc. (U.S.), Health Catalyst, LLC (U.S.) Allscripts, Inc. (U.S.), i2i Systems Inc. (U.S.), WellCentive, Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), Explorys, Inc. (U.S.), and Healthagen, LLC (U.S.).
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