The Population Health Management Market is being driven by Rising adoption of healthcare IT
The Population Health Management Market is expected to grow at a CAGR of 10.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 19.40 billion. In the dynamic landscape of the global population health management market, personalized medicine is emerging as a leading trend. This shift signifies a move towards more customized healthcare solutions, driven primarily by the expanding accessibility and decreasing costs of genetic testing. Genome sequencing costs have plummeted, allowing healthcare providers to incorporate genetic information into patient care. By analyzing an individual's genetic makeup, healthcare professionals can identify specific markers linked to diseases, leading to more precise diagnosis, prognosis, and treatment planning. Pharmaceutical companies are also embracing personalized medicine strategies to develop targeted therapies, further enhancing the market's growth.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
186 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.7% |
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Market growth 2025-2029 |
USD 19.40 billion |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
9.7 |
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Key countries |
US, Canada, UK, Japan, China, Germany, India, South Korea, France, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Population Health Management Market encompasses various elements including risk adjustment, disease registries, case management, health outcomes measurement, and quality metrics. It also involves population health reporting, health data security, and privacy compliance. Advanced technologies such as artificial intelligence, machine learning, natural language processing, cloud computing, and big data play a significant role. Health informatics, integrated care, accountable care organizations, health services research, and health policy are key areas of focus. Healthcare reform, population health trends, healthcare innovation, digital health, precision medicine, personalized care plans, and patient-reported outcomes are shaping the future of population health management. Behavioral health integration, mental health management, substance abuse treatment, health literacy, patient engagement tools, health communication, community outreach, population health dashboards, health data visualization, population health modeling, population health simulation, cost-effectiveness analysis, return on investment, and population health benchmarking are essential components. Health disparities are a critical concern, requiring ongoing attention and action.
The Population Health Management (PHM) market encompasses the income derived from the sale of healthcare IT systems, applications, Internet-based healthcare tools, telehealth technologies, and digital health technologies, as well as IT consulting services to healthcare providers and businesses. According to Technavio, the global healthcare market size is determined by the consolidated revenue generated by manufacturers and providers of medical equipment, pharmaceuticals, healthcare technology players, biotechnology, and life sciences tools and services. The expansion of the healthcare technology market will be fueled by factors influencing both the healthcare industry and the IT spending market. Notable drivers include escalating pressure to decrease costs in both developed and emerging economies, the increasing prevalence of chronic diseases necessitating proactive care management, and the growing emphasis on patient engagement and care coordination. Data analytics plays a pivotal role in enabling effective risk stratification and personalized care plans, further propelling market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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