Articles
Population Health Management Market Thriving on Expanding Age Pool of Elderly
by Pramod Kumar Digital Marketing ProfessionalA number of
factors such as the increasing geriatric population, soaring investments being
made by companies offering HIT solutions, growing prevalence of chronic and
lifestyle-associated diseases, mounting healthcare expenditure are the major
growth drivers of the population health
management market. Population health management refers to the collection of
patient data through multiple health information technology resources that are
used to analyze data. Healthcare providers use this data to improve their
clinical, financial, and operational outcomes.
Moreover,
the rising incidence of chronic and lifestyle-associated diseases will also
propel the population health management
market growth, globally. According to the IDF, the population of diabetic
patients in the age group of 20–79 years will surge from 537 million in 2021 to
approximately 643 million by 2030 and 783 million by 2045. Furthermore, the
IARC estimates that 1 in 5 people develop cancer during their lifetime. The
number of cancer patients increased to 19.3 million in 2020, as per the
IARC.
In addition,
the mounting healthcare spending is also expected to drive the population health management industry growth.
The global current health expenditure per capita increased from $1,064.094 in
2017 to $1,110.268 in 2018, as per the World Bank. In addition, the Centers for
Medicare and Medicaid Services states that the National Health Expenditure of
the U.S. stood at $4.1 trillion in 2020, accounting for 19.7% of the GDP of the
country. Moreover, the Government of India allocated INR 67,112 crore in FY
2020–2021 to the Department of Health and Family Welfare to improve the
healthcare sector.
According to
P&S Intelligence, the North American population
health management market generated the highest revenue in the last few
years, and it is also expected to retain its dominance in the coming years. The
leading position of the region is credited to the massive healthcare spending,
presence of developed healthcare infrastructure, and high burden of chronic
diseases in the U.S. and Canada. Of North American countries, the U.S.
generates the higher revenue due to the existence of the Patient Protection and
Affordable Care Act.
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About Pramod Kumar 
Digital Marketing Professional
89 connections, 2 recommendations, 268 honor points.Joined APSense since, July 17th, 2017, From Ave, United States.
Created on Feb 28th 2022 04:12. Viewed 138 times.
