Articles
Population Health Management Market Size, Share and Future Analysis
by Vijay K. Web MarketingThe growing geriatric population, prevalence of chronic diseases, investments, and healthcare expenditure are the key drivers for the population health management market. Advancing at a 23.3% CAGR during the forecast period (2016–2022), the market is projected to garner more than $48.1 billion in 2022, compared to $13.6 billion in 2016. The collection of patient data via multiple health information technology resources to be compiled into one single record is termed as population health management (PHM). It is used to identify the diseased population, care gaps, and risks, as well as engage patients, devise treatment methodology, and measure clinical outcomes.
The population health management market is being driven by the rising geriatric population across the world. The United Nations Department of Economic and Social Affairs mentioned that by 2050, the percentage of people over the age of 60 would grow to 21.1% from 11.7% in 2013. With age, the body’s ability to heal wounds, circulate blood, and fight infections diminishes, which makes the elderly more susceptible to many diseases, such as cardiovascular and neurological diseases. Further, many older people sometimes require personalized treatment, in which PHM can be extremely helpful.The delivery mode segment of the population health management market is classified into web based, on-premises, and cloud based. In the historical period, the web-based delivery mode amassed the maximum revenue in the market, and the same is expected to hold over 65.0% share by 2022. With changing times and the growing popularity of new technologies, such as cloud, the fastest growth in the forecast period is projected to be witnessed by the cloud-based classification.
The segmentation of the population health management market is also done based on component. The bifurcations of this segment are service and software; in the historical period, software was the larger of the two in terms of the revenue generated in the market. As the market for PHM is still in the developing phase, different end-users are predicted to invest in new software installations, which would further contribute to their high demand, thereby resulting in their growth during the forecast period.
Therefore, the market for population health
management is projected to witness remarkable growth in the forecast period
owing to the increasing menace of chronic diseases, especially among the
elderly.
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About Vijay K. 
Web Marketing
211 connections, 3 recommendations, 864 honor points.Joined APSense since, May 17th, 2016, From New York, United States.
Created on Feb 5th 2020 05:29. Viewed 241 times.
