Population Health Management (PHM) Market to Reach Value of US$ 184.51 Billion by 2030, And Rise At A CAGR of 20.5%
Introduction
According to a market research study published by Contrive Datum Insights, North America contributed 46.9% of the population health management market’s revenue. Farmington, Jan. 25, 2023 (GLOBE NEWSWIRE) — The global Population Health Management (PHM) Market was valued at USD 34.44 Billion in 2022 and is projected to reach USD 184.51 Billion by 2030, growing at a CAGR of 20.5%.
Impact on Individuals
The rapid growth of the population health management market signifies a shift towards more proactive and preventive healthcare measures. Individuals can expect to benefit from improved access to personalized healthcare information, better coordination of care, and increased emphasis on wellness initiatives. This can lead to better health outcomes, lower healthcare costs, and ultimately a higher quality of life for individuals.
Impact on the World
From a global perspective, the rise of the population health management market is expected to have far-reaching implications. With a greater focus on population health, healthcare systems around the world can become more efficient and effective in addressing public health challenges. By targeting population health factors such as lifestyle choices, environmental factors, and the social determinants of health, countries can work towards improving the overall health of their populations and reducing healthcare disparities.
Conclusion
In conclusion, the projected growth of the population health management market represents a significant opportunity to transform healthcare delivery on both individual and global levels. By leveraging technology and data-driven insights, we can work towards creating a more connected, proactive, and sustainable healthcare system that benefits everyone.
