The soaring global geriatric population, which is expected to
reach at least 1.5 billion by 2050, according to the World Health Organization
(WHO), is a key factor responsible for the rise in the demand for population health management (PHM). Elderly people require extensive care as they are more
susceptible to diseases, especially chronic diseases, such as cancer and
cardiovascular ailments, owing to their low immunity levels and high recovery
periods. This causes a huge increase in the demand for better prevention,
diagnosis, and treatment processes. In addition to this, older people also have
a greater requirement for personalized medicine, because of their increased
susceptibility to drug allergy, thereby boosting the demand for population
health management.
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Globally, North America has recorded the highest adoption of PHM solutions in the last few years, and this region is also expected to witness the highest usage of these solutions in the coming years.
This is
mainly attributed to the increasing government regulations aimed at promoting
the adoption of PHM solutions, soaring healthcare expenditure, developing healthcare
infrastructure, and rising incidence of chronic diseases. In North America, the
population health management market in the U.S. is the more
productive, primarily on account of the Patient Protection and Affordable Care
Act.