Unsatisfactory healthcare facilities in emerging economies, high cost associated with hospitalization, and high hospital readmission rates are creating ample opportunities for the population health management market to grow at a considerable rate in the coming years. Healthcare reforms across the globe and adoption of population health management are supporting to address the demand for cost effective healthcare in population health management market. Population health management has several advantages such as improvement in quality of care, better health outcomes and cost savings for healthcare providers. Population health management program provides real-time information to healthcare providers and helps them identify the healthcare issues within the target population.

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Adoption of population health management by different government bodies, healthcare providers and payers worldwide is the major trend in the market, to reduce the healthcare cost and improve healthcare quality. Population health management helps healthcare providers to monitor target population and group by aggregating clinical data of each patient; hence reducing costs and improving health outcomes.

The population health management market is segmented on the basis of four categories, including components, delivery mode, end user, and geography. On the basis of component, the population health management market can be segmented as software and services. The services segment can be further categorized into training and education, consulting, implementation services and ongoing IT support, and post-sale and maintenance. The software segment leads the population health management market by component.

On the basis of delivery mode, population health management market includes web-based, cloud-based, and on-premise solution. Web-based solution leads the market due to increased patient outreach and multichannel communications. On the basis of end user, the market is segmented into providers, employer groups, payers, and government bodies. The providers segment leads the market but employer groups segment is expected to grow with fastest rate in coming years.

Some of the factors driving the growth of population health management market are rise in aging population, increasing prevalence of chronic diseases, improving healthcare infrastructure in developing countries, increasing demand for better healthcare facilities and reducing healthcare expenditures. However, lack of security of patient’s data, lack of skilled professionals, and huge investment required for population health management are some of the factors restraining the growth of the population health management market.

Geographically, North America will be leading the global population health management market in the coming years due to rise in aging population, increasing prevalence of chronic diseases, and high healthcare costs. In addition, government’s support for population health management programs and legislative reform of Affordable Care Act in the U.S. are also expected to drive the North American market in the coming years. Asia-Pacific is the fastest growing region in the global patient health management market. The major reasons for the fastest growth of patient health management market in the region are, increasing government funding, improving healthcare infrastructure and demand for better healthcare facilities at minimum cost in the region.

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Some of the major players operating in the global population health management market are Conifer Health Solutions LLC, Mckesson Corporation, Wellcentive Inc., Allscripts Healthcare Solutions Inc. Health Catalyst LLC, Healthagen LLC, Cerner Corporation, Explorys, Inc., I2i Systems Inc., Phytel Inc., and Verisk Health Inc.

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