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The Population Health Management Market is expected to grow during the forecast period (2018–2023) at a CAGR ~22.4%. Population health management is the aggregation and analysis of patient data across multiple health domains and data resources, so as to improve both clinical and financial outcomes. The explosive growth of healthcare data availability which includes clinical data, market data etc. is creating a new set of opportunities and challenges for healthcare industry.Global Population Health Management Market - Competitive Analysis
The Global Population Health Management Industry is currently dominated by few players. IBM is one of them by holding a strong share in the market. IBM is a U.S. based company that manufactures and markets computer hardware and software and offers hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The prime emphasis of the company is on digital revolution by improving data, cloud, and mobile and social security. The company has entered various collaboration to expand their product portfolio and market share. For instance, on 11 Oct 2016, IBM entered a global strategic alliance with Siemens Healthineers in Population Health Management (PHM). The main aim of this alliance is to help health systems to deliver value-based care to patients. IBM is also driven by its innovative product, and services. On February 21, 2017, IBM Watson launched new machine learning and artificial intelligence (AI) initiatives with special focus on population health management, advanced imaging analytics, and care coordination.
Cerner Corporation is also one of the leading player in population health management market. On April 13, 2015, Cerner Corporation and Qualcomm Life, Inc. teamed up to extend Cerner’s medical device connectivity capabilities beyond the hospital to the home.
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Major Leaders in The Market
Allscripts, Inc. (U.S.) Cerner Corporation (U.S.), Conifer Health Solutions, LLC (U.S.), McKesson Corporation (U.S.), Wellcentive, Inc. (U.S.), Epic Corporation, Inc. (U.S.), IBM (U.S.) are some of the prominent players at the forefront of competition in the global population health management market and are profiled in MRFR Analysis.
Regional Market Summary
The Americas is likely to dominate the population health management market owing to the rising prevalence of chronic diseases in the aging population, the presence of a well-established healthcare system, and government initiatives and favorable policies. According to the data published by the Agency for Healthcare Research and Quality (AHRQ) in the year 2016, more than 626 health systems were present in the US, 69.7% hospitals were covered under the Compendium of the US Health Systems, and 92% of the total patients were discharged from system hospitals.
The European market is expected to be the second-largest population health management market. The market growth in this region can be attributed to government funding and support from the healthcare sector, increasing research and development in the healthcare sector, and increasing healthcare expenditure in the region. According to the survey conducted by the Organization for Economic Co-operation and Development (OECD), in the year 2017, average per head spending on healthcare in Europe was USD 4,077.
Asia-Pacific is expected to be the fastest-growing population health management market during the forecast period owing to the increasing prevalence of chronic diseases, rising investments in healthcare, and government initiatives to increase digitalization of healthcare sector. Countries such as China and India are facing problems with health management because of the rapidly increasing population and it can provide a platform for market players to find potential business opportunities.
The market in the Middle East & Africa is expected to account for the smallest share of the global population health management market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
Worldwide Population Health Management Market Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
TOC Continued…!
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