The global population health management market is anticipated to grow at 13.5% CAGR owing to the increased mandates by the government to support healthcare IT solutions, increased adoption of big data analytics, and the need to reduce healthcare costs are the primary factors the propel the growth of the market. Nevertheless, the growth in the emerging economies, increased emphasis on personalized medicine, and increased focus on value-based medicine will create promising opportunities for growth in the global population health management market.

The COVID-19 pandemic has increased the demand for precise diagnosis and accurate treatment devices globally. Therefore, there is a need for population health management solutions as it is very helpful, and provide healthcare providers with integrated solutions like EHR, patient management, and care management. Furthermore, the increased spread of disease globally has resulted in lockdowns and restrictions and has increased the demand for electronic data transfer and claim management resulting in the growth of the population health management market.

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Based on offering, the software segment dominates the population health management market owing to the increased adoption of software solutions by payers and providers to decrease readmissions, increase cost-effectiveness, enhance operational efficiency, improve patient engagement, and help in data integration and analysis.

North America dominates in the population health management market owing to the rising federal healthcare mandates to control the rising healthcare costs, advanced healthcare infrastructure, increased adoption of healthcare IT, snowballing regulatory requirements, mounting acceptance of EHRs, and expanding government initiatives that focus on personalized medicine and value-based reimbursements are anticipated to bolster the market growth in North America. Moreover, the increased awareness among patients about population health management and increased growth of the home healthcare market will further propel the growth in the region.

Cerner Corporation has acquired Kantar Health, a division of Kantar Group, for $375 million in cash, subject to adjustment and combines Kantar Health’s rich life sciences expertise with Cerner’s robust collection of real-world data (RWD) and technology and is anticipated to increase its innovation in life sciences research and expand patient outcomes globally.

The key players in the population health management industry include McKesson Corporation, Cerner Corporation, Health Catalyst, LLC, Wellcentive, Inc., Conifer Health Solutions, LLC, Allscripts Healthcare Solutions, Inc., Verscend Technologies, Inc., UnitedHealth Group, and Koninklijke Philips N.V.

Source: VynZ Research