U.S. Population Health Management Solutions Market: Introduction
According to the report, the U.S. population health management solutions market was valued at US$ 11.20 Bn in 2020. It is projected to expand at a CAGR of 14.8% from 2021 to 2028. Population health management is the gathering of patient data across multiple health information technology resources, such as software and services. Advantages of software include assistance in formulation of data integration and ease in analysis of patient data.
In terms of mode of operation, the population health management solutions market has been categorised into premise-based, cloud-based, and web-based solutions. Resources, services, or applications are made available to users through Internet from cloud computing provider's server and is known as cloud-based system. Cloud computing is a type of computing that depends on shared computing resources, rather than local servers or devices.
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Usage of Health IT Forms for Patient Engagement: Key Driver
Technology is the catalyst for changes in health care, which improves quality of care and reduces costs and assists in informed decision-making. Big data's core foundations are efficiency and low cost, thereby enabling an individual to connect with and assimilate all clinical and claims data from primary and secondary care providers, large hospital institutions, and payer organizations.
Physicians can improve population health management through various m-health applications, compassionate care, patient care, etc. Utilization of patient portals and patient-generated health data can aid in population health management. Increase in technological advancements in electronic health records (EHR), analytics, blockchain technology, and improved population education are also further boosting the market. Therefore, these factors are expected to propel the U.S. population health management solutions market.
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Software Segment to Dominate U.S. Population Health Management Solutions Market
In terms of source, the U.S. population health management solutions market has been classified into software and services. The software segment accounted for a major share of the market in 2020, and the trend is expected to continue during the forecast period. The segment is likely to expand at a high CAGR from 2021 to 2028. The software segment held a notable share of the market due to high cost involved for installation and maintenance.
Health Care Providers segment to dominate U.S. Population Health Management Solutions Market
In terms of end-user, the population health management solutions market in the U.S. has been segregated into health care providers, government insurance providers, private insurance providers, pharmaceutical companies, medical device organizations, and others. The health care providers segment held a major share of the market in 2020, and the trend is expected to continue during the forecast period. The segment is expected to expand at a high CAGR from 2021 to 2028.
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Major Players
Key players operating in the U.S. population health management solutions market include Caradigm, Conifer Health Solutions, Health Catalyst, Healthagen, LLC, International Business Machines (IBM) Corporation, Lumeris, NextGen Healthcare Information Systems, LLC, Optum Health, Inc., Persivia, Premier, Inc., Verisk Health, Wellcentive, Inc., and ZeOmega, Inc.
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