Transparency Market Research (TMR) has recently published a research study on the U.S. population health management solutions market, estimating this market to rise at a CAGR of 23.90% during the period from 2015 to 2023. The report also projects this market to reach US$45.7 bn by 2023 from a value of US$3.4 bn in 2014.The research report, titled “U.S. Population Health Management Solutions Market- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023,” states that the implementation of the Affordable Care Act (ACA) in the U.S. has considerably driven the demand for population health management solutions in the country.
Apart from this, the rising geriatric population in the nation, together with the increasing incidence of chronic diseases, is also stimulating the demand for population health management solutions significantly in the U.S.
The need for heavy investment to develop the appropriate infrastructure is, however, restricting the growth of this market significantly. The implementation of these solutions also needs the deployment of skilled professionals, which sets an additional burden on end users. This factor is also limiting the demand for population health management solutions across the U.S., notes the research study.
The market study analyzes the U.S. population health management solutions on three fronts: source, mode of application, and end use. Software and service are the two main sources of population health management solutions in the U.S., says the report. Analysts expect the service segment to register the highest CAGR during the forecast period in this market.
By the mode of application, the research report segments the market into premise-based population health management solutions, cloud-based population health management solutions, and web-based population health management solutions. The cloud-based population health management solutions segment is projected to exhibit the fastest growth among all the segments based on the mode of application over the forecast period.
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Pharmaceuticals companies, healthcare providers, private insurance providers, government insurance providers, medical device organizations, research institutes, and diagnostic and imaging centers are the major end users of population health management solutions in the U.S., states the research study.
The market report also studies the competitive landscape of the U.S. population health management solutions market by profiling the major companies operating in this market. According to the study, Verisk Health Inc., Optum Inc., Wellcentrive, The Advisory Board Co., International Business Machine (IBM) Corp., Lumeris, Premier Inc., Cardigm, Health Catalyst, Healthagen LLC, F. Hoffmann-La Roche Ltd., ZeOmega Inc., NextGen Healthcare Information Systems LLC, Persivia, and Conifer Health Solutions LLC are the major participants in the population health management solutions market in the U.S.
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