The world has come to terms with the increasing need for healthcare solutions in many aspects of life. Healthcare organizations and institutes are now turning to population healthcare management in an extensive fashion to cater to the rising demand for better healthcare systems and solutions. The life expectancy has risen considerably in the last two decades, hence, the number of the old-age population has increased. According to the United Nations’ World Population Prospects (2017), Compared to 2017, the number of persons aged 60 or above is expected to more than double by 2050 and to more than triple by 2100, rising from 962 million globally in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100. The increasing number of ageing populaion has increased the number of age-related diseases and thus, the demand for population health solutions has risen drastically.
Adding to the woes of increasing diseases is the changing lifestyle of the population. The rising fast-food consumption and physical inactiveness have given rise to obesity which is prevalent in the population and a cause for age-related chronic diseases. As more and more people are falling for this lifestyle, the younger population is also becoming susceptible to the chronic diseases. Hence, the increasing demand for population health management solutions is all the more legitimate in the current scenario. The governments of several nations are now focusing on reducing healthcare costs and improving overall healthcare population.
The healthcare industry has witnessed a lateral shift from Fee-For-Service reimbursement model to performance-based payment model, which has compelled the healthcare providers to incorporate evidence-based care management in their operations and systems. Healthcare insurance companies have also joined hands with healthcare providers to reduce the number of claims and increase their profitability by reducing the number of patients suffering from chronic diseases. The population healthcare management solutions help healthcare organizations to meet all the mandates which help in improving care quality, lowering costs, and boosting patient satisfaction.
The global population healthcare management solutions market is expected to reach $50.35 billion by the year 2025. This handsome figure is backed by the ongoing growth in the market due to the shift from FFS reimbursement to performance-based payment model. The market will grow at a double-digit CAGR from 2017 to 2025 owing to the technological advancement in the field of business intelligence, predictive analytics, and big data.
The solutions provided by the market players are as diverse as the healthcare organizations, however, these solutions benefit not only the physicians, by constantly providing information of their patients resulting in better outcomes for care, and patients, by better coordination and management of their disease or condition, but also healthcare organizations, healthcare systems, and the nations as a whole, by reducing healthcare cost, providing better management, and consequently maintaining a healthier population.
Geographically, the market is dominated by the North American region currently, followed by Europe. The dominance is because of the prevalence of obesity and other chronic diseases in the region, rising geriatric population, and increased life expectancy. North America is expected to follow this trend during 2017 and 2025.
BIS Healthcare has conducted an extensive market research on ‘Global Population Healthcare Management Solutions Market – Analysis and Forecast (2017-2025)’. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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