Published on : Mar 21, 2016
ALBANY, New York, March 21, 2016 - A market research report, titled “U.S. Population Health Management Solutions Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023,” featured on ResearchMoz.us analyzes the health management solutions market in the U.S. by stating its current size, growth prospects and forecast, and future trends. According to the report, the population health management solutions market in the U.S., which was valued at US$3.4 bn in 2014, is anticipated to reach US$45.7 bn by 2023, expanding at a CAGR of 23.9% during the forecast period.
Population health management (PHM) comprises well-organized and systematic delivery of health services that aims to facilitate improved health of a given population at a particular price. PHM programs are designed to provide better outcomes in terms of health services at a lower price. Population health management programs keep patient populations with the probability of having severe diseases as healthy as it is possible, thus decreasing the need to visit emergency departments, hospitalizations, invasive tests, and costly procedures.
The demand for population health management specifically rises during an epidemic. PHM solutions act as a preventive measure and facilitate health treatments that help various demographics in the U.S. With the increasing advancement of technology and medical sciences, PHM platforms have started facilitating personal emergency response systems or PERS and even telemonitoring solutions. These solutions are particularly useful in times of emergencies, where medical assistance becomes very critical. Population health management effectively reduces the operational costs of hospitals and other healthcare facilities.
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The pharmaceutical industry makes use of population health management tools to store key data that demonstrates the improvement in the condition of a patient due to a new medicine or a potential drug that is expected to be effective against diseases such as diabetes, cancer, or heart-related diseases. Due to the use of PHM solutions with regard to various medical fields, the market for population health management solutions is anticipated to witness growth in the U.S. in the period from 2015 to 2023.
The report segments the PHM market on the basis of source into software and services. Out of the two segments, the PHM services segment is likely to record the fastest growth. On the basis of mode of operation, cloud-based PHM systems were one of the fastest growing segments owing to its growth due to increasing adoption of IT-based healthcare by hospitals, health insurance companies, and even the pharmaceuticals industry.
The market for PHM is led by a few prominent companies such as Healthagen, LLC, Conifer Health Solutions, Caradigm, Health Catalyst, Lumeris, International Business Machines (IBM) Corporation, NextGen Healthcare Information Systems, LLC, OptumHealth, Inc., and Persivia, Premier, Inc.
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