Population health management market projected to reach $42.5B by 2021

The population health management market is projected to rise to $42.54 billion by 2021, up from $13.85 billion as of 2016, according to a report from Research and Markets.

PHM is integral to health systems' efforts to successfully transition from fee-for-service to value-based reimbursement models. The growth in the market is expected to be driven by a combination of factors, particularly the increasing geriatric population, the growing prevalence of chronic disease, rising healthcare costs and the introduction of advanced health IT and data analytics capabilities.

Although North America accounted for the largest share of the global PHM market in 2016 (followed by Europe, Asia-Pacific and the rest of the world), the market is expected to undergo the highest growth in the Asia-Pacific region, especially in India, China and Japan.

The main reasons that account for this projection include a rising number of PHM initiatives in Australia, growing popularity of medical tourism in Asia and a rapidly expanding healthcare industry in India, according to the report.

To read the full report, click here.

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