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Population Health Management Market Size, Share, Growth, Analysis, Demand, Trends, Application and Forecast 2024

The global population health management market was accounted at USD 15.9 billion in 2017, and is projected to reach USD 76.9 billion by 2024. The driving factor for the growth of the market includes the rise in necessity to opt for cost-effective treatment options, increasing adoption of Healthcare information technology (HCIT), and disease management programs by public and private insurance providers.

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Population Health Management Market

The web-based led the global population health management market by mode of delivery, in 2017. This leap over the cloud-based and on-premise mode of delivery options is due to the large adoption of web-based approach by healthcare providers, and also the reduced cost of installation and requirement of hardware and software systems.

Europe is the second largest market in the global population health management industry, whereas Asia-Pacific is expected to witness a significant growth at a high CAGR of 27.4% during the forecast period. The growth is driven by the rising geriatric population base and increasing prevalence of chronic diseases. The region has also witnessed increased healthcare expenditure to improve the healthcare infrastructure and government initiatives for disease management programs that will drive the region growth in the global market by 2024.

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The key players of the population health management industry are witnessing an expansion of their business by acquisitions. Some of the leading players of the global population health management market include McKesson Corporation, Cerner Corporation, Health Catalyst, LLC, Wellcentive, Inc., Conifer Health Solutions, LLC, Allscripts Healthcare Solutions, Inc., Verscend Technologies, Inc., UnitedHealth Group, and IBM Corporation.

Source: VynZ Research

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