Pune, India -- (SBWIRE) -- 01/25/2018 -- The Population Health Management Market is expected to reach $44.37 billion by the end of the forecast period growing at a CAGR of ~21.2%. The critical Population Health Management Market growth factor is the explosive growth of healthcare data which has created a new set of opportunities. In 2012 alone worldwide digital healthcare data was estimated to be around 500 petabytes and is expected to reach 25,000 petabytes by 2020. Development of analytics, advancing IT and big data processing capabilities is another parameter which has stimulated the market. On the other hand, the barriers involved are legal restrictions, data security, privacy concerns, problems with data collection and processing, integration of multi-point and multi-sectorial cross channel data etc. Implementation of the Affordable Care Act (ACA) in the U.S., government support for the prevention of diseases and adoption of HCIT, are other factors growing the market. Hospital Readmissions Reduction Program under the Medicare initiative which seeks to penalize unnecessary patient readmissions is another strong driver of the market.

Additionally the governments are providing a thrust for growth by implementation of a number of population health management programs and to digitalize the healthcare system. Japan has also provided an information and communication technology fund. Technology gains due to growing processing power and inter-connectivity of systems is also an attraction for the adoption of population health management. The change of patient centric value-based care delivery and payment model in place of fee-for-service is the future driver of the market.

Get Premium Sample Copy @ https://www.marketresearchfuture.com/sample_request/3123 .

Concerns over the rising cost of healthcare and deterioration in clinical outcomes in spite of huge expenditure on healthcare. Despite huge GDP expenditure of 16% of its GDP on healthcare in 2015, the United States doesn't even rank in the top 10 best public health care systems with countries such as Denmark ranking higher than it. Thus the extreme need to fill in the gap between expenditure and outcomes is the most critical driving factor for population health management market. The technical restraints are differential file formats, differential data sources such as paper, graphs etc.

Segments of population health management

The Global Population Health Management Market is segmented on the basis of component. Based on the component, the market has been segmented as software and service. Based on applications, the market has been segmented into healthcare economics and resource management, healthcare coordination & consultancy, clinical and compliance studies and surveillance and others. Based on the delivery mode, the market has been segmented into on-premise, web and cloud based & mobile based and on the basis of end user, the market has been segmented into healthcare providers, healthcare payers, government organizations and others

Regional analysis of population health management

U.S. accounts for the maximum market share of the global population health management market and is expected to hold this position in the near future. This can be attributed to transition to value-based care delivery, leading to change from fee-for-service to a value-based payment models. The regulatory changes in the U.S. such as implementation of Affordable Care Act and Hospital Readmissions Reduction Program coupled with Medicare initiative to penalize unnecessary patient readmissions will strengthen the position of the U.S. Europe will be the second largest market. However Asia pacific will be the fastest growing market and the growth will be led by China, and India as these nations have huge population with an urgent need to avoid any future extreme healthcare expenditure and the possibilities of achieving highest benefit is in these regions.

Key players of Population Health Management Market:

Key players profiled in the report are Allscripts, Inc.; Cerner Corporation; Conifer Health Solutions, LLC, McKesson Corporation, Wellcentive, Inc., Epic Corporation, Inc., IBM Corporation etc.

Industry news of population health management

In July 2016, Healthways agreed to sell its population health business to Sharecare.

In February 2016, concierge doctor service One Medical Group acquired Rise for a reported $20 million.

In September 2016, HMS Holdings, acquired Essette, a web-based care management platform. The technology helps care teams coordinate, helps organizations manage multiple data repositories, and also improves patient-doctor communication.

Future of Population Health Management Market

Internet of things (IOT) – Connected healthcare solutions consolidate information from numerous devices and systems that may include biological, medical, genetic, lifestyle and sentiment/mood data. The global IOT market is expected to reach 105.34 billion by 2022. The advantages include cost effectiveness, real time data and better forecasting.

Artificial intelligence - Cognitive analytics is an advanced computerized simulation of human thought processes. It involves self-learning systems that recognize patterns in data mined to mimic the way the human brain works with an end goal to create automated IT systems capable of solving problems without human assistance. Global spending on cognitive systems is expected to reach nearly $31.3 billion in 2019 with a five-year compound annual growth rate (CAGR) of 55%.

Big data – Big data is the large volume of data generally unstructured that a business experiences on a daily basis. The applications of big data for healthcare includes differentiating pricing strategies and price optimisation, search engine optimization (SEO), advanced forecasting of disease patterns, better sample selection in clinical trials, elucidation of benefits of therapy etc. Application of big data can save an estimated $300 billion to $450 billion in reduced health-care spending in US health-care costs.

Order Excluisve 80 Pages Copy Enabled with Respective Tables and Figures is Available @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=3123 .

Major TOC Global Population Health Management Market Research Report- Global Forecast To 2023:

1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS & LIMITATIONS

1.2.2.1 ASSUMPTIONS

1.2.2.2 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

3 MARKET DYNAMICS

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 MACROECONOMIC INDICATORS

……..Continued TOC

Ask Questions to Expertise @ https://www.marketresearchfuture.com/enquiry/3123 .

About Market Research Future (MRFR)
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.