Population Health Management Market: 23% CAGR to 2020 Forecast Driven by Regulatory ACA Mandates
PUNE, India, January 25, 2016 /PRNewswire/ --
The global population health management market is expected to grow at a CAGR of 23.2% between 2015 and 2020 and this growth forecast is attributed to the regulatory mandates by the Affordable Care Act (ACA).
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The population health management market is driven by the regulatory mandates laid by the Affordable Care Act (ACA). The act aims to lower the number of uninsured people in the U.S. to reduce the cost of healthcare for the government as well as individuals. The act has made it mandatory for tax-exempted hospitals to assess community health needs every three years and adopt implementation strategies to address these needs. In addition, the ACA had allocated USD 15 billion over a period of ten years to the Prevention and Public Health Investment Fund in 2010. This amount was subsequently reduced in 2012 to offset a scheduled cut to Medicare physician payments. However, the federal government is investing in this fund. The government invested a collective amount of USD 5.05 billion from 2010 to 2015 (Source: United States Department of Health & Human Services). This funding is directed towards enhancing health outcomes and improving health care quality.
In 2015, the software segment is expected to account for the largest share of the global population health management market, by component, and is expected to grow at the fastest CAGR from 2015 to 2020.The high growth rate of the software segment can be attributed to the increasing adoption of population health management solutions mandated by the Affordable Care Act (ACA).
In 2015, North America is expected to account for the largest share of the global population health management market, followed by Europe, Asia, and the Rest of the World (RoW).North America is also expected to be the fastest growing regional segment from 2015 to 2020. North America's large share and high growth is attributed to a number of factors such as regulatory mandates set up under the Affordable Care Act (ACA), implementation of the Hospital Readmissions Reduction Program (HRRP), and rising geriatric population are driving the growth of the North American population health management market.
Some of key companies in the population health management market include McKesson Corporation (U.S.), Verisk Health Inc. (U.S.), Health Catalyst LLC (U.S.), Cerner Corporation (U.S.), Allscripts, Inc. (U.S.), WellCentive, Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), IBM Corporation (U.S.), i2i Systems, Inc. (U.S.), OptumHealth, Inc. (U.S.), and Healthagen, LLC (U.S.). Order a copy of Population Health Management Market by Component (Software, Services), by Delivery Mode (Web-based, Cloud-based), by End-User (Healthcare Providers, Healthcare Payers, Employer Groups) - Analysis & Global Forecasts to 2020 research report at http://www.marketreportshub.com/purchase?rpid=1939 .
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
On a related note, another research report on Health IT Security Market Global Forecast to 2020 says, he Health IT security market is expected to witness high growth in coming years. The market size, in terms of value, is expected to reach USD 9,867.5 million by 2020 from USD 4,905.9 million in 2015, at a CAGR of 15.0%. This market is categorized on the basis of products and services, applications, delivery mode, end users, and region. Companies like BM Corporation, Intel Corporation, Symantec Corporation, EMC Corporation, Trend Micro, Oracle Corporation, SailPoint Technologies, Hewlett Packard, Dell, Inc., CA Technologies, PricewaterhouseCoopers (PwC), Verizon, AT&T, Wipro, Okta, Inc., CyberArk and CenturyLink (Savvis) (U.S.) have been profiled in this 182 pages research available at http://www.marketreportshub.com/health-it-security-industry-research-marketsandmarkets.html .
Explore more reports on life sciences market at http://www.marketreportshub.com/categories/life-sciences .
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