Owing to the growing prevalence of chronic and lifestyle-associated diseases and rising geriatric population, the demand for personalized medicine is growing as well. Personalized medicine services separate patients into groups and cater to their needs accordingly. With the improved healthcare analytics capabilities and growing understanding of genes, healthcare providers are able to understand the impact of pathogens, possible health outcomes in individual patients, drug responses, and impact of diseases. Its is due to these advantages that the demand for personalized medicine, which, in turn, is driving the requirement for population health management solutions.
Browse In-depth Population Health Management Market Companies’ Strategic Developments
Public health management solutions make use of business intelligence for combining data and providing an aggregated clinical picture of every patient. By making use of this data, healthcare providers are able to track and improve patient outcomes. These services and solutions further help in cutting down healthcare costs. These solutions are delivered through on-premises, cloud-based, and web-based modes. The solutions were delivered the most through web-based delivery mode in the past. This being said, the adoption of cloud-based services is expected to rise in the near future.
The surging geriatric population is among the major reasons for the growth of the population health management market. Because of low immunity levels, the aged population requires extensive care. Furthermore, a large number of people aged 60 years and above often suffer from chronic disease, which is why they need to visit hospitals frequently for managing their conditions. Ascribed to these factors, the demand for population health management services is increasing swiftly. Personalized medicine aids in providing better and effective medical care for aged people.
Hence, the demand for personalized medicine is resulting in the rising need for population health management solutions.
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