The adoption of health IT tools will drive growth in the global population health management market through 2025, according to a report by the market intelligence company Transparency Market Research.
Here are four things to know about the emerging market.
1. The population health management market is slated to reach $69 billion by 2025, expanding at a compound annual growth rate of 16.1 percent from 2017 to 2025.
2. Health IT tools related to data analysis and care coordination — which are particularly important for managing chronic conditions — have led to an increase in the adoption of solutions in the population health management market.
3. Healthcare providers will account for the largest share of end-users in the population health management market by 2025. In 2016, providers held 40 percent of the market share.
4. Major players in the market include Cerner, Philips, Lumeris, Health Catalyst and McKesson, among others.