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Population Health Management Market Size And Forecast
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Population Health Management Market size was valued at USD 23.45 Billion in 2022 and is projected to reach USD 64.12 Billion by 2030, growing at a CAGR of 14.23% from 2023 to 2030.
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Government mandates and support for healthcare IT solutions, increasing use of big data analytics, and the need to curtail the escalating healthcare costs are the key factors driving the growth of the Population Health Management Market. The Global Population Health Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Population Health Management Market Definition
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Let’s first understand Health, according to ‘World Health Organization’, is a state of complete social, physical, and mental well-being for a better life also it observes that there will be an absence of the environment from a health point of view. To have a healthy lifestyle we’ve to focus on our daily life activities such as physical training, and mental training which includes sports, yoga, and much more. And we’ve to take chances to encourage physical activities towards youth and older ones too. By which we can achieve certain objectives related to Health Management and achieve enough advantages.
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Population Health Management has defined as the health assessment data of a group of individuals or (Patient Data) based on their particular diseases, they are segmented into different categories for the evaluation of their treatment. And their evaluation can be done through advanced technological gadgets. It also helps in lowering the cost of clinical items and cost of treatment, saves time in comparison to manual evaluation. The increasing dispersion of chronic diseases which needs continuous care, adoption of healthcare IT, and increasing government support are expected to rise the growth of the industry. For example- the US Govt has applicable the Affordable Care Act (ACA) for the eradication of diseases and the adoption of healthcare IT.
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ACA will encourage the growth of the Population Health Management Market and develop opportunities for population health management service providers to collect and maintain patient data. Like for example, if we take the example of infectious diseases- The Global Population Health Management Market is driven by rising infectious diseases after the rise of Covid-19 in India and other parts of the world as well. Also, the role of Chronic Diseases such as Heart disease, Cancer, and Diabetes plays an important role to describe the condition of Human health globally. USA and India are two among other countries examples of Chronic Diseases death all over the world.
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Global Population Health Management Market Overview
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There are some Social and Economic factors that affect the health of the population such as income, education, employment, social support, and the environment where the population is residing. Because these factors decide our ability to make safe choices, so that we can afford medical care, housing, and healthy environment Unemployment and an unnatural environment can limit our choices because without employment we do not manage to take our child to school and are unable to teach him a healthy lesson in life. As I mentioned above, Unemployment is one of the basic concerns of Population Health. Unemployment limits the capability of a makes you fit but also there is a need for good education and a healthy environment, society these are some underrated factors of a healthy and fruitful life which we always not talk about.
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Government mandates and support for healthcare IT solutions, increasing use of big data analytics, and the need to curtail the escalating healthcare costs are the key factors driving the growth of the Population Health Management Market. Besides, the growth of emerging countries (such as Brazil, Russia, India, South Korea, and China), increasing focus on personalized medicines, and the rising focus on value-based medicines are expected to offer lucrative growth opportunities for market players during the forecast period. However, data breaches, lack of skilled analysts, and interoperability issues are adversely impacting the growth of this market. Classification of the Population Health Management Market is derived into three components by structure. which are, Health Outcomes,
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Patterns of Health Determinants, Policies, and Interventions. Health Outcomes is describing the physical condition of an individual after getting treatment based on a particular disease. Whereas, Patterns of Health Determinants describe the drivers which play a lead role in affecting the behavioral, biological, socio-economic, and environmental factors that influence the health condition of an individual. The key components of Population Health Management for enhancing the health facility is we’ve to try to improve population health for a better tomorrow along with strengthening the experience of patients, and providing all technological facilities at a very minimal cost so that everyone can afford the best services from Health Organizations.
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There are some new technological advancements has done in the field of Health Mgmt such as 3D Printing, Robotic Surgery, Smarter Pacemakers, and Healthcare Digital Assistants.3D Printing or Bioprinting is a new technological advancement of this century. It is used to create replicas of human being organs, bones, and blood vessels. Robotic Surgery in medicines helps patients to provide safer surgery in comparison to Open Surgery. And it is an advanced form of minimally invasive surgery where the surgeon treats the patient with the help of a robot to avoid tiny mishappenings.
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The COVID-19 outbreak has had a significantly positive impact on the global Roaming Tariff industry. The reason for this is a growing demand for health management systems across the global population. It had a negative impact as well considering the supply chain disruptions due to imposed lockdown but the governments have proposed a number of measures to aid the growth of the industry and nullify the losses caused due to the pandemic. On the other hand, major corporations have ultimately found new approaches and technologies to address issues and stabilize the industry. This will lead to substantial market growth over the forecasted period.
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Global Population Health Management Market Segmentation Analysis
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The Global Population Health Management Market is segmented on the basis of Mode of Delivery, End User, and Geography.
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Population Health Management Market, By Mode of Delivery
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- Web-Based
- On-Premise
- Cloud-Based
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Based on Mode of Delivery, The market is segmented into Web-Based, On-Premise, and Cloud-Based. Web-Based medical service (WBMS) is the most innovative technology which derives the relationship between Medical Services and Internet Services. The primary objective of this technology is to enhance the credibility of medical services by connecting human population data to this platform. On-Premise data storage means the organization’s healthcare data is stored in its own on-site data center. And this advantage allows the organization to take full control over the data storage environment. Some of the Public Cloud providers like AWS, Google Cloud Platform, and Microsoft Azure are leveraging healthcare organizations with healthcare data storage in the public cloud.
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Population Health Management Market, By End User
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- Healthcare Providers
- Healthcare Payers
- Employer Groups
- Government Bodies
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Based on End User, The market is segmented into Healthcare Providers, Healthcare Payers, Employer Groups, and Government Bodies. Healthcare Providers are the healthcare professionals who guide patients and provide them with healthcare facilities diagnosis and treatment services including medication to free themselves from diseases. For example – Doctors, Nurses, etc. Healthcare Payers are the companies who pay for administered medical emergency services. An Insurance company is one such example of a “Payer”.
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A Payer is obliged to process a patient’s medical claim at the time of a health emergency if the patient is enrolled in such a contract. Example of such medical insurance companies in the Indian region is- ICICI Lombard and Apollo Munich Health Insurance Company. Every Government plays a very significant role in enhancing the capabilities of its Healthcare System by providing funds and by deploying advanced healthcare schemes in terms of insurance and by other means as well. Some examples of such schemes are- Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).
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Population Health Management Market, By Geography
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- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Based on Regional Analysis, The Global Population Health Management Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is a leading region among the rest part of the world in terms of the Population Health Management Market. The quality of Medical Services in the USA and Canada is generally high, and from a cost point of view, the USA offers the most expensive healthcare services in the world. Though, the United Kingdom has the best healthcare system in the world according to a 2020 report.
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On the other hand, Asia-Pacific region, India ranked 10th out of 11 Asia-Pacific countries in a recently launched health index to measure the progress towards personalized healthcare services These parent regions are further segmented as follows; Asia Pacific (China, India, Japan, Rest of APAC), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), North America (US, Canada, Mexico), Latin America (Brazil, Argentina, Rest of LATAM), and Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).
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Key Players
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The “Global Population Health Management Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are MCKESSON CORPORATION (U.S.), Verisk Analytics, Inc (U.S.), Forward Health Group, Inc (U.S.), Health Catalyst (U.S.), Athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Medecision (U.S.), Xerox Corporation (U.S.), Allscripts Healthcare, LLC (U.S.), Fonemed (Canada), General Electric (U.S.), HealthBI (U.S.), NXGN Management, LLC (U.S.), Optum Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), IBM (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany).
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Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
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Key Developments
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- January 2020 – Allscripts partnered with MyndYou Inc. to promote population health through MyndYou’s care portal, app platform, and virtual care manager, which identifies and monitors high-risk triage patients.
- October 2019 – Cerner and i2i Population Health (US) collaborated to combine Cerner’s comprehensive population health management tools with i2i’s EHR-agnostic capabilities to help users drive positive, sustainable outcomes for community health centres, primary care associations, and rural health systems.
- July 2019 – Epic collaborated with Connected Care Health Services (US) to improve healthcare organisations’ population health initiatives.
- June 2018 – i2i Population Health (i2i) collaborated with VisionWare (UK) to help VisionWare support its established foundation of Federally Qualified Healthcare Centers and expand its population health analytics presence.
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Ace Matrix Analysis
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The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
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Market Attractiveness
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The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Population Health Management Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
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Porter’s Five Forces
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The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the Global Population Health Management Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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<img decoding="async" class="aligncenter wp-image-350363" src="https://www.marketresearch.com/wp-content/uploads/2023/01/Porters-Five-Forces-Framework-of-Population-Health-Management-Market-1024×576.png" alt="Porter's Five Forces Framework of Population Health Management Market" width