Global Population Health Management Market Overview –
There will be a 22.4% increase in population health management market size over the next five years. Patients’ medical records are kept in a database known as population health management (PHM). Any hospital’s access to a patient’s medical records is critical. Compiling and storing manageable patient data is made easier with the help of the population management system. Storage of patients is simplified with the help of this business intelligence tool. Many industries are rapidly increasing their use of technology. As a result, the effectiveness of the organisation grows. In many parts of the world, patient information is dispersed and difficult to access. It has a negative impact on the health care industry.
However, precise data storage is possible with the population health management programme. It enables hospitals and clinics to carry out additional clinical procedures on patients without causing any confusion or misunderstanding. In the health management system, payment information, patient information, and treatment details are kept. Increasing public awareness of these technologies is one way the government aids the health care industry. With these high-tech systems, the operation of the hospitals can run smoothly. It’s no surprise that the population health management market is expected to grow significantly over the next few years.
In a geopolitical context, population health management integrates a variety of healthcare services to address a variety of facets of a population’s health. When it comes to genetics it is usually a combination of social, economic, environmental and individual behaviour. A health center’s population can benefit from PHM because of its efficiency in managing health and outcomes. With the Institute for Healthcare Improvement’s goal of a population with the proper resources and a robust healthcare system, for instance.
COVID-19 Impact –
Largely unknown before the outbreak began in Wuhan (China) in December 2019, the WHO declared COVID-19, an infectious disease, a pandemic on March 11, 2020.
Countries are trying to prevent further contagion by taking measures such as social distancing, contact tracing, self-quarantining, surveillance, communication, and testing. So far, several countries like India, Brazil, the US, Italy, Spain, Germany, France, and Iran are imposing drastic measures to slow down the spread and control fatalities.
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Government agencies have announced special financial aid to develop preventive and curative drugs, purchase critical care medical devices, and ensure the fast-track approval of diagnostic tests. Various organizations, such as the Bill and Melinda Gates Foundation (BMGF) and Wellcome Trust, are also coming together to accelerate and strengthen the efforts to fight the COVID-19 pandemic.
Competitive landscape –
The competition in the population health management market is rising in the forecast period. The implementation of cloud-based is high in this market. The future of the market depends on business analytics and cloud-based applications. Population health management market has the entry of new market players. The software segment of the market is expected to have the highest demand. Further market expansion, acquisition and part ships are key strategies of the competitive landscape.
key players –
Forward Health Group
Epic Systems Corporation
Citra Health Solutions
Conifer Health Solutions
By Type –
By Applications –
Regional analysis –
North America will lead other regions with 70% shares. The EHR solutions are surging in North America. Exceptional reimbursement policies will lead to plenty of demand for population health management systems. Us population health management market is the key contributor. The Asia Pacific is the next region with the highest demand. Japan, India and China have high growth opportunities.