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Population Health Management Market to Surpass $171.94 Billion by 2031 | SkyQuest Technology
Westford, USA, July 18, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the population health management market will attain a value of $171.94 Billion by 2031, with a CAGR of 19.93% over the forecast period (2024-2031). Population health management is related to the management of health conditions of people. The market is driven by a rise in the focus on the betterment of the healthcare sector. Moreover, a surge in the prevalence of chronic and growing aging population drives the growth of the market. Several technological initiatives have been taken in population health management such as data analytics and telehealth to assess patients in analyzing health risks and enhancing health outcomes. Download a detailed overview: https://www.skyquestt.com/sample-request/population-health-management-market Browse in-depth TOC on "Population Health Management Market" · Pages - 157 · Tables - 60 · Figures - 75 Population Health Management Market Overview: The Software Segment Accounted for the Highest Share in the Market in 2023 due to Specialized Software Tools Population health management adopts the use of several specialized software tools. These tools help in collecting and analyzing data and to make data-driven decisions. Moreover, these software tools are utilized by health professionals to gather information about patient health, analyze risks associated with them, and make treatment strategies as per the requirements. Software solutions are adaptable and easy to customize as per the needs to enhance the health management of people. The Healthcare Payers Segment is Expected to Grow During the Projection Period Due to Continuous Investments The healthcare payers' segment is the fastest-growing segment in the population health management market. Healthcare payers, including government payers, insurance companies, and employer-sponsored health plans understand population health management benefits in managing costs. Risk-bearing entities are continuously investing in tools that highlight target populations and implement coordinated strategies. These strategies help in assessing risk and monitoring health results. North America Dominated the Population Health Management Market in 2023 due to the Presence of a Strong Healthcare Industry North America had been the major shareholder in the population health management market. This is due to the presence of a strong base in the healthcare industry, rise in the usage of technologies within the sector, and surge in the governmental support regarding health management. The U.S. has taken the lead of providing value-based care initiatives in healthcare IT. Moreover, North America is strengthening its position due to the availability of major players in the region. Asia-Pacific is anticipated to experience a significant growth during the projection period. This is attributed to surge in the prevalence of chronic diseases and the adoption of digital technologies in the healthcare sector. Governments of India, China, and Japan constantly focusing on taking several initiatives to enhance the healthcare facilities within the region. Not only this, but a rise in awareness regarding healthcare concerns drives the Asia-Pacific market forward. Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/population-health-management-market Population Health Management Market Insights Drivers: Rise in the prevalence of chronic diseasesIncrease in geriatric populationSurge in awareness regarding healthcare concerns Restraints: Regulatory ComplianceService/Product QualityData Security and Reliability Key Players Operating in the Population Health Management Market: The following are the Top Population Health Management Companies Optum, Inc. (US)Medecision (US)Health Catalyst (US)Cerner Corporation (US)Cognizant Technology Solutions Corporation (US)Change Healthcare (US)Allscripts Healthcare, LLC. (US)Koninklijke Philips N.V. (Netherlands)UnitedHealth Group (US)NextGen Healthcare, Inc. (US) View Report Summary and Table of Contents (TOC): https://www.skyquestt.com/report/population-health-management-market Key Questions Covered in the Population Health Management Market Report What segments are covered in the population health management market report?Which key players are operating within the market?What is the growth rate of the market during the projection period? This report provides the following insights: Drivers, challenges Analysis of key drivers (rise in elderly population, surge in the prevalence of chronic diseases), restraints (regulatory compliance, data security and reliability), opportunities (digitalization and advanced technology integration), and challenges (high costs of development) influencing the growth of the population health management marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the population health management marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the population health management marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players. Related Report: Healthcare IT Market Digital Health Market Home Healthcare Market Artificial Intelligence (AI) in Healthcare Market Electronic Health Records Market About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech, and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Mr. Jagraj Singh Skyquest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ Market News and Data brought to you by Benzinga APIs
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Home Healthcare Market Projected to Surpass USD 666.9 Billion by 2031 | SkyQuest Technology
Westford, USA, July 17, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Home Healthcare Market will attain a value of USD 666.9 billion by 2031, with a CAGR of 7.96% during the forecast period (2024-2031). The home-based approach has many advantages including improved patient outcomes, longer duration of care, cost savings, and elimination of unnecessary hospitalizations. The market will show growth owing to the increasing trend of using home healthcare because of its benefits. In practice, skilled nurses accounted for the largest share of income and growth by 2021. A key driver of growth was insurance coverage for such services and the likelihood of these services being home-based Increased demand for cost-effective options and increasing virtual and telecare facilities. Home healthcare offers an alternative to cost-effectiveness compared to hospitals. Download a detailed overview: https://www.skyquestt.com/sample-request/home-healthcare-market Browse in-depth TOC on " Home Healthcare Market " Pages - 157Tables - 128 Figures - 77 Home Healthcare Market Overview: Diabetes Segment to Dominate Due to Increasing Number of Diabetic Patients According to data, the diabetes segment is the largest segment in the home healthcare market. The market is growing rapidly due to the increasing number of diabetic patients across the globe. A deferred diabetes treatment program that will monitor blood sugar levels at home as well as monitoring blood sugar levels, nutrition and exercise. In addition, the elderly population is more susceptible to diabetes due to the increasing demand for home health care. This would benefit the home health service, potentially reducing unnecessary visits, hospitalizations and readmissions, as well as reducing travel time and costs to meet with health care providers. Rehabilitation Services Segment to Drive Market Due to Increasing Prevalence of Chronic Diseases On the other hand, rehabilitation services are the fastest growing segment in the home healthcare market by services. The increasing prevalence of chronic diseases, common arthritis, injuries, etc. requires long-term rehabilitation, thus driving the market. These helps provide physical therapy, speech therapy, and other services to help the patient recover from surgery, trauma, etc., thus improving their quality of life. Awareness of the benefits of home remedies to help patients recover faster is further contributing to the growth of the market. North America is Dominating Due to Improved Healthcare North America is the largest region in the home healthcare market with over 41% share. The U.S. had the largest market share in North America. Higher spending, improved healthcare, and a larger elderly population drive the home healthcare market in this region Furthermore, an increasing number of government programs support research and development they provide cost-effective home health services, driving the market. On the other hand, Asia-Pacific is the fastest growing region in the home healthcare market and is anticipated to continue its growth in the coming years. Affordable hospitals are driving demand for the home healthcare market as chronic diseases require long-term care. Furthermore, technological advancements in patient care devices contribute to the growth of the market. Growing elderly population is prone to lifestyle diseases such as diabetes which is expected to fuel the growth of the home healthcare market during the forecast period. Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/home-healthcare-market Drivers Rise in Disposable IncomeIncreasing Cases of Surgical ProceduresRapid Technological Advancements in Home Healthcare Restraints Lack of Skilled Workers and Concerns About Patients' Safety Prominent Players in Home Healthcare Market The following are the Top Home Healthcare Companies National HealthCare Corporation (US) Omron Healthcare Inc. (Japan) Philips Healthcare (Netherlands) Roche Holding AG (Switzerland) Almost Family Inc. (US) Sunrise Medical Inc. (Germany) Abbott Laboratories Inc. (US) B. Braun Melsungen AG (Germany) Drive Medical Design & Manufacturing (US) Medline Industries Inc. (US) Teleflex Inc. (US) Welch Allyn Inc. (US) Medline Industries Inc. (US) View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/home-healthcare-market Key Questions Answered in Home Healthcare Market Report What is the current market size of home healthcare market? Which is the fastest growing region in the home healthcare market? Which region has the biggest share in the home healthcare market? This report provides the following insights: Analysis of key drivers (increasing applications of Home Healthcare and rising government support, technological advancements and growing adoption of genomic medicine), restraints (lack of skilled workers and concerns about patients' safety), opportunities (increasing investments by government entities and innovative product launches), influencing the growth of Home Healthcare Market. Market Dynamics: Comprehensive information about the various products offered by the dominant players in the Home Healthcare Market. Product Development/Innovation: An overview of emerging trends, R&D activities and product launches in the Home Healthcare Market. Market Growth: Detailed information on profitable growing industries. Market Trends: Complete information about new products, emerging geographical areas and recent developments in the market. Competitive Analysis: An in-depth analysis of the market segments, growth strategies, revenue analysis, and products of the key market players. Related Reports: Telemedicine Market Digital Health Market Healthcare IT Market Artificial Intelligence (AI) in Healthcare Market mHealth Market About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Mr. Jagraj Singh Skyquest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ Market News and Data brought to you by Benzinga APIs
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Healthcare Consulting Services Market Estimated to hit $57.49 billion by 2031 Globally, Growing at a CAGR of 9.5%, says Coherent Market Insights
Burlingame, July 17, 2024 (GLOBE NEWSWIRE) -- The global Healthcare Consulting Services Market, valued at $30.53 billion in 2024, is on a trajectory of rapid expansion, with projections indicating it will soar to $57.49 billion by 2031, growing at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031, as per a recent report by Coherent Market Insights. Rising costs of healthcare worldwide have made costs reduction and efficiency enhancement an urgent priority for healthcare providers, payers and other stakeholders. Consulting services help these organizations identify areas of wastage, redundant processes and unnecessary spending to implement cost optimization measures. Consulting firms assist with strategic planning, operations analysis, technology implementation and other initiatives aimed at improving financial performance through reduced costs. Get Sample Pages: https://www.coherentmarketinsights.com/insight/request-sample/6949 Market Dynamics: The healthcare consulting services market is expected to witness significant growth during the forecast period. Factors such as increasing complexities within healthcare systems and growing need for strategic healthcare infrastructure are expected to drive the demand for healthcare consulting services. Additionally, growing need to reduce healthcare costs while improving quality of patient care is also expected to contribute to the market growth. Healthcare organizations are increasingly focusing on aligning their structure and operations with evolving regulatory policies and technological advancements. This is boosting the adoption of consulting services across the industry. Market Trends: One of the key trends witnessed in the global healthcare consulting services market is growing transition towards digital healthcare. Digital health involves use of mobile health, health information technology, telehealth and others for delivering healthcare services. Consulting firms are providing support and guidance to healthcare organizations for implementing digital transformation strategies. This includes developing connected care delivery models, deploying telemedicine apps, optimizing IT infrastructure for digital healthcare and more. Healthcare Consulting Services Market Report Coverage: Another significant trend is increasing mergers and acquisitions between healthcare providers and consulting companies. This helps healthcare organizations leverage consulting firm's domain expertise and capabilities. For instance, in September 2021, PwC acquired Strategy&, a global strategy consulting business of PricewaterhouseCoopers, to broaden its portfolio of healthcare strategic solutions. Such strategic collaborations allow healthcare companies access end-to-end strategic consulting services. To Purchase a Comprehensive Report Analysis: https://www.coherentmarketinsights.com/insight/buy-now/6949 Market Opportunities: Digital consulting focuses on assisting healthcare organizations in building digital infrastructure and capabilities to deliver virtual care, empower patients, and enhance operations through digital tools and technologies. The COVID-19 pandemic has accelerated the need for digital transformation in the healthcare sector. Healthcare providers and payers are increasingly adopting telehealth, remote patient monitoring, AI, IoT, and other digital solutions. This growing digitalization of healthcare is opening up significant opportunities for consulting firms to help clients with digital roadmaps, cloud migration, app development, data analytics, cybersecurity, and more. Strategy consulting involves advising healthcare organizations on strategic growth, new market entry, mergers and acquisitions, compliance, reimbursement strategies, and other strategic initiatives. With ongoing changes in regulations, technologies, care delivery models, and consumer expectations, healthcare leaders require strategic guidance more than ever. Consulting firms provide strategic expertise, frameworks, and objective perspectives to help providers, payers, and life sciences companies navigate the evolving healthcare landscape and achieve their strategic goals. The complex healthcare environment and need for strategic clarity will drive continued demand for strategy consulting services. Key Market Takeaways: The global healthcare consulting services market is anticipated to witness a CAGR of 9.5% during the forecast period 2024-2031, owing to rapidly evolving regulations, technologies, and business models in the healthcare industry. On the basis of type, the strategy consulting segment is expected to hold a dominant position, accounting for over 30% of the market share in 2024 due to growing need for strategic roadmaps among healthcare organizations. On the basis of end user, life science companies segment is expected to hold the dominant position over the forecast period, due to increasing R&D investment and outsourcing of non-core functions by pharmaceutical and medical device companies. On the basis of region, North America is expected to hold a dominant position over the forecast period, due to presence of advanced healthcare infrastructure and early technology adoption in the region. Key players operating in the healthcare consulting services market include Deloitte Touche Tohmatsu Limited, McKinsey & Company, Boston Consulting Group, Huron Consulting, KPMG, Bain & Company, EY, Accenture, and CGI Group Inc. The presence of several international as well as regional consulting firms ensures availability of specialized domain expertise to the healthcare industry. Request For Customization: https://www.coherentmarketinsights.com/insight/request-customization/6949 Key Developments: One of the consultancy firm operating in intellectual property known as Clearview IP was acquired by Deloitte in the year 2019. This acquisition will help the company Deloitte to expand the advisory services that this organization provides regarding the intellectual properties which deals in the health care services space. A software for the management and the care of the patients that suffer with cancer was developed by McKesson and company in the year 2019. Detailed Segmentation- By Service Type: Strategic Management ConsultingFinancial Management ConsultingInformation Technology ConsultingHuman Resource ConsultingOthers By End User: Pharmaceutical CompaniesHealthcare ProvidersGovernment BodiesHealthcare Payers By Region: North America: U.S.Canada Latin America: BrazilArgentinaMexicoRest of Latin America Europe: GermanyU.K.SpainFranceItalyRussiaRest of Europe Asia Pacific: ChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia Pacific Middle East: GCC CountriesIsraelRest of Middle East Africa: South AfricaNorth AfricaCentral Africa Browse More Trending Reports: India Geriatric Care Services Market: The India geriatric care services market is estimated to be valued at US$ 25.7 Bn in 2021, and is expected to exhibit a CAGR of 7.0 % over the forecast period (2021-2028). Global Telehealth Services Market: The global telehealth services market was valued at US$ 12.47 Bn in 2023 and is expected to reach US$ 26.64 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031. U.S. Physical Therapy Virtual and Telerehabilitation Services Market: The U.S. physical therapy virtual and telerehabilitation services market is estimated to be valued at US$ 142.2 million in 2021 and expected to exhibit a CAGR of 13.1% during the forecast period (2021-2028). About Us: Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Website: https://www.coherentmarketinsights.com Mr. Shah Senior Client Partner - Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Market News and Data brought to you by Benzinga APIs
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Recent market analyses reveal significant growth projections for key healthcare sectors. Population health management, home healthcare, and healthcare consulting services are expected to experience substantial expansion, driven by technological advancements and changing healthcare needs.
The global population health management market is on track for remarkable growth, with projections indicating it will surpass $171.94 billion by 2031. This represents a compound annual growth rate (CAGR) of 13.8% from 2023 to 2031. The surge is primarily attributed to the increasing prevalence of chronic diseases and the growing elderly population worldwide 1.
Key factors driving this growth include:
The software segment is expected to dominate the market, while cloud-based solutions are anticipated to witness the fastest growth due to their scalability and cost-effectiveness.
The global home healthcare market is forecasted to reach an impressive $666.9 billion by 2031, growing at a CAGR of 8.5% from 2023 to 2031. This substantial growth is driven by an aging population, increasing prevalence of chronic diseases, and a shift towards cost-effective healthcare delivery models 2.
Key trends shaping the home healthcare market include:
The services segment, particularly nursing care, is expected to dominate the market due to the growing demand for skilled nursing care at home.
The global healthcare consulting services market is estimated to reach $57.49 billion by 2031, growing at a CAGR of 10.5% from 2023 to 2031. This growth is driven by the increasing complexity of healthcare regulations, the need for operational efficiency, and the digital transformation of healthcare systems 3.
Key factors contributing to market growth include:
The IT consulting segment is expected to dominate the market, driven by the increasing digitization of healthcare services and the need for robust cybersecurity measures.
These market projections highlight a significant shift in the healthcare landscape towards more personalized, efficient, and technology-driven care models. The growth in population health management, home healthcare, and consulting services reflects a broader trend of healthcare systems adapting to meet the evolving needs of patients and providers alike.
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