Mounting Clinical Trials Volume for Improved Treatment Outcomes Necessitates Deployment of Population Health Management Solutions18 Mar 2016
Population health is defined as the end result obtained on analyzing the health of a group of individuals. The group of individuals studied can be the population of geographical entities such as nations or communities, or can refer to a group of disabled persons, employer groups, ethnic groups, prisoners, or any other group with some common trait.
Population health management solutions market is directed towards improving the health of the entire population, as these statistics are relevant to both public and private policy making agencies.
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Technology-supported Healthcare Services Offer Quality Care
In current times, the healthcare service model is changing noticeably. The rising complexity of diseases, increasing awareness, and demand for quality health care is necessitating consistent research and modernization of healthcare practices. Thus, advanced healthcare systems that can store, utilize, and transfer large volumes of data are best suited for improved healthcare at reduced cost. As such, doctors, nurses, healthcare agencies, employers, government bodies, and others are increasingly adopting patient health management solutions for best clinical care.
Furthermore, data pertaining to clinical trials and patient treatment success outcomes for a small population group are utilized for a large population group, which is driving deployment of population health management solutions. This is contributing to offer evidence-based quality healthcare to large population groups.However, factors such as the lack of skilled personnel, particularly in developing countries, high initial setup cost, and low security of patient data are some of the factors that restrain the deployment of population health management solutions.
Software Component Segment Dominates Global Market
The global population health management solutions market is divided on the basis of end users, component, mode of delivery, and geography. Based on mode of delivery, the overall market is segmented into web-based, cloud-based, and on-premise delivery modes. By component, the global market for population health management solutions comprises software and services. Of the two, the software component segment accounts for a larger share in the global market. The services component segment is sub-segmented into post sale and maintenance, training and education, ongoing IT support, consulting, and implementation services.
Employers End User to Witness High Growth in Global Market
Based on end users, the global market for population health management solutions is divided into employer groups, providers, government bodies, and payers. Presently, the provider end user segment holds the major share in the overall market.
However, in the coming years, the employers segment is expected to exhibit remarkable growth in this market. This is mainly due to high consideration for the health of employees by employers, which directly affects work efficiency and productivity in the organization.
On the basis of geography, the market for population health management solutions comprises four regions, namely North America, Asia Pacific, Europe, and Rest of the World. Amongst all, North America stands as the largest market for population health management solutions.In the region, high-tech healthcare system, high healthcare expenditure, and consistent government efforts for updation of healthcare facilities is aiding the population health management solutions market. In addition, the increasing number of chronically ill patients that require consistent monitoring and assistance is contributing to higher utilization of population health management solutions.
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