Safety and Cost-Effectiveness Boosting Global Population Health Management Solutions Market - Transparency Market Research

Healthcare is no longer restricted to a discrete point or place. It has become dynamic and typically relates to patients personally and in customized fashion. Recent developments in population health management (PHM) have triggered much furor worldwide, however, the concept is often ambiguously defined and thus at times misunderstood. Population health management centers on the management and organization of healthcare delivery in a manner intended to make it safer and more economically and clinically effective. PHM entails the proactive interventions and application of strategies on defined individual groups across the continuum of healthcare in a bid to enhance the health and wellness of individuals within the group at the minimum possible cost. 

The advent of financial arrangements with shared accountability between purchasers and delivery systems has produced significant financial incentives for key players in the healthcare industry to focus on PHM solutions. The global population health management solutions market is poised to grow exponentially, according to a new report published by Transparency Market Research. 

Software Components Expected to Lead Global Population Health Management Solutions Market

The global population health management solutions market can be segmented in terms of mode of delivery, end users, components, and geography. Based on mode of delivery, the market encompasses cloud-based, on-premise, and web-based PHM solutions. The component segments of the PHM solutions market include software and services. Of these, the software segment is anticipated to register the fastest growth in the market. The services segment of the PHM solutions market can be further classified into post sale and maintenance, training and education, consulting, ongoing IT support, and implementation services.

The end users of population health management solutions include government bodies, employers, payers, and provider. Among the end users, the provider segment is at present leading the market. However, employers are likely to register the fastest growth in the foreseeable future. Regionally, the global market for population health management solutions is segmented into North America, Asia Pacific, Europe, and Rest of the World. Of these, North America leads the global market presently owing to high healthcare investment and rising incidence of chronic illnesses in the region. 

Rising Incidence of Chronic Ailments Stimulates Market Growth

Increasing global geriatric population, advent of the latest technologies, and accelerating demand for a high quality of life are the key factors fuelling demand from the global population health management solutions market. Furthermore, the increasing incidence of chronic diseases is expected to bolster the market opportunities for PHM solutions. Whilst increasing focus on reducing healthcare costs will boost the demand for PHM solutions, lack of skilled labor in developing countries will inhibit the hindrance-free run of the global PHM solutions market. 

Presence of Several Key Players Makes Global PHM Solutions Market Highly Fragmented

With a paradigm shift towards value-based healthcare services, an increasing number of healthcare companies are seeking to explore lucrative prospects in the PHM solutions market. Moreover, the demand for PHM solutions has become so dynamic that the entry of new players is very likely in the market. Some of the most prominent names already operating in the industry are Allscripts Healthcare Solutions, Inc., Health Catalyst, LLC, Explorys, Inc., Mckesson Corporation, Conifer Health Solutions, LLC, Healthagen, LLC. (A Subsidiary of Aetna, Inc.), Cerner Corporation, Verisk Health, Inc., I2i Systems, Inc., Phytel, Inc., and Wellcentive, Inc. 

Browse Full Global Population Health Management Solutions Market Research Report With Complete TOC @http://www.transparencymarketresearch.com/population-health-management-solutions-market.html

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