A rise in chronic ailments and aging population in the U.S. have emerged as major factors spurring demand from the population health management (PHM) solutions market in the U.S.
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Population health management refers to the methodical and transparent delivery of services aimed at improving the health status of a given demography. PHM solutions focus on delivering better outcomes at lower costs. These programs are designed to aid in keeping patients defined to be in high-disease risk as healthy as possible. It achieves its aim by reducing the need for costly interventions such as hospitalizations, emergency department visits, and invasive diagnosis and procedures.
The market for population health management solutions has been considerably gaining from exceptional growth opportunities in the U.S. The country has been at the fore of adopting novel solutions in healthcare IT, thus bolstering the prospects of the PHM software segment. Consequently, growth opportunities for cloud-based PHM solutions seem quite promising in the U.S. Cloud-based PHM has also emerged as the fastest growing segment in the market in terms of mode of operations.
Based on source, the PHM services segment is poised to report higher CAGR than the software segment. In terms of mode of operations, cloud-based PHM systems have emerged as the fastest growing segment in the market. Moreover, the increasing uptake of IT by healthcare providers and pharmaceutical companies and the increasing demand for advanced health management solution will give significant impetus to the cloud-based PHM systems.
The PHM solutions market in the U.S. is majorly driven by the increasing disease burden on the country’s health systems. The demographic transition witnessed in the country is aggravating the concern further. The use of PHM tools is therefore considered essential to facilitate database management. These tools will help in monitoring and comparing results of treatment administered to the population group under study.
Some of the major companies operating in the market are also profiled in the report. These include Conifer Health Solutions, Caradigm, Healthagen, LLC, Health Catalyst, Persivia, Premier, Inc., International Business Machines (IBM) Corporation, and others. Most of these companies are focusing on innovations by developing novel software and services, besides improving the existing ones. These enterprises also focus on keeping pace with the latest advances to maintain their market share.
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