Market Overview

Global Population Health Management Market size was valued at around 69.90 billion in 2023 and is expected to reach a value of USD 415.44 billion by 2032, at a CAGR of 21.9% over the forecast period (2024–2032).

The demand for healthcare IT services is increasing as the healthcare industry rapidly transitions from paper-based to electronic systems. Further, a shift from Fee-For-Service (FFS) to Value-Based Payment (VBP) models has been initiated due to the increasing demand for technologies that support healthcare professionals. Increasing demand for effective disease management methods is expected to fuel market growth.

Medical centers were extremely stretched throughout the COVID-19 pandemic, and the global healthcare industry was often overwhelmed with patients. The demand for reliable diagnostic and therapeutic answers has increased due to the pandemic. Since PHM systems connect healthcare payer solutions such as payment and claim administration with care management, electronic health records, and patient management, they have been very useful for healthcare providers.

A population health management system assists in the control of treatment expenses by offering a patient-friendly interface. The technology also assists payers as well as service providers in handling risk related to reimbursement regulations. The healthcare system dramatically changed and became more patient-centric within the past few years.

By reducing readmission rates and providing patients with the highest quality treatment, PHM technologies help the healthcare industry provide patient-centric care while reducing unnecessary medical costs. Additionally, electronic data exchange and claim administration needs have grown because of the rapid worldwide spread of the COVID-19 virus. This will lead to an increase in the use of population health management throughout the forecast period.

Market Drivers

Growing Demand for Value-Based Care

• Growing demand for value-based care is one of the major drivers of growth of the population health management (PHM) market. The traditional volume-based models of care, in which the emphasis is on the quantity of services provided, are being replaced by value-based models that focus on patient outcomes and cost-effectiveness. The drivers for this change are rising healthcare costs and regulatory requirements for improved quality of care. Value-based care helps PHM's goals in that it inspires preventive care, reduces hospital admissions, and provides improved patient satisfaction. Healthcare providers and payers are increasingly integrating PHM solutions to achieve all these, helping drive the growth of the market.

Increasing Prevalence of Chronic Diseases

• Due to aging populations, unhealthy lifestyles, and determinants in the environment, diabetes, cardiovascular disease, and respiratory disease have increased. PHM models place greater focus on holistic treatment and extended care of long-term disease. PHM platforms effectively manage the challenges in chronic disease management through integrating data analysis and patient monitoring for timely intervention, tailored treatment, and improved coordination of care.

Market Opportunities

Integration of Artificial Intelligence in PHM Solutions

• The market can be greatly enhanced with the integration of artificial intelligence (AI) into PHM solutions. AI makes predictive modelling, personalized care planning, and advanced data analysis possible. AI-enabled PHM platforms can predict health risk, recommend interventions, and maximize resource allocation by analysing patient information for trends and patterns. This enhances the efficiency and efficacy of PHM models, thereby making them more attractive to payers and providers.

Rising Adoption of Telemedicine and Remote Monitoring Technologies

• The rising adoption of telemedicine and remote monitoring technologies also presents a lucrative chance. The technologies allow for continuous patient monitoring, real-time data sharing, and virtual consultations, all of which are PHM-compliant. The expanding smartphone penetration, wearable technology, and internet connectivity also fuel the adoption of telemedicine, which allows for healthcare systems to create cutting-edge tools to support their PHM capabilities and improve patient outcomes.

Market Restraining Factors

Data Privacy and Security Concerns

• Privacy and security issues of data are major limitations in the PHM market. PHM systems are very dependent on gathering, exchanging, and processing patient information, and thus there are chances of data breaches and unauthorized usage. It is difficult to meet such strong data protection laws as GDPR and HIPAA, and it can be a limitation in the use of PHM solutions, particularly in countries that have strong privacy legislations.

High Implementation Costs

• the costliness of PHM solution adoption. Investments in advanced technologies such as analytics platforms, electronic health records (EHRs), and interoperable systems are often required to develop a PHM model. Small and medium-sized healthcare organizations might find such costs prohibitive, and this would limit them from entering and growing the market.

Segmentation Analysis

The market scope is segmented because of by Product, by Delivery Mode, by End-use.

• By Product

Based on the Product of the market is segmented into Software, Services.

The market is segmented by product into software and services. The services segment grew its market share by 52.1% in 2023. Hospitals and other healthcare organizations are increasingly asking for PHM services to utilize external parties to analyse patient data. The increasing demand for PHM services is also due to the need for coordinated healthcare systems.

Firms' high R&D investments to launch new products have contributed a lot to healthcare facilities. In December 2022, for instance, Morris Heights Health Centre (MHHC), the healthcare centre, partnered with Garage, a population health management tech firm, to leverage a platform for improving care in 50,000 Bronx patients.

To enable patient information sharing, secure messaging, patient tracking and communication, referral management, clinical integration, clinical intelligence, clinical data management, and clinical analytics, Company's Garage has created a Software as a Service population health management platform known as "Bridge" that connects care teams and providers.

• By Delivery Mode

Based on the Delivery Mode of the market is segmented into On-Premise, Cloud-based.

The market is segmented into two categories by the delivery mode: cloud-based and on-premise. Commanding a 72.1% market share in 2023, the cloud-based segment is anticipated to expand at the fastest rate through the forecast period. Additionally supporting end users to meet their population health management requirements, a cloud-based population health management suite adds processes with leading-edge data integration technology and advanced analytics.

Cloud-based platforms also assist in enhanced care management, automation of workflow, and coordination, all of which result in improved clinical outcomes. Likewise, during the COVID-19 pandemic, the cloud-based category realized its highest demand, which contributed to market growth.

• Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. North America dominated the market and is projected to keep growing profitably over the period of the forecast period, to reach a revenue share of 45.9% in 2023. Growth drivers are primarily cloud computing, regulatory reforms, growing use of healthcare IT, reducing medical costs, and expanding disease prevalence. Furthermore, the United States is also known as one of the core centres within this market for commercialized PHM services, and it hosts more than 100 companies. High market potential within the region is attracting new players, whereas existing companies are adding value-based upgrades to their existing offerings to access new markets.

Due to the increase in healthcare infrastructure and increasing costs of healthcare, the Asia Pacific market is expected to expand at the fastest pace during the forecast period. Further, it is also expected that the incidence of chronic diseases in the Asia Pacific region will double between 2001 and 2025. The demand for advanced data analytics to manage the data generated due to these increasing rates of chronic diseases is expected to drive market growth.

List of Companies Profiled

• Veradigm LLC
• Oracle
• Conifer Health Solutions, LLC
• eClinicalWorks
• Enli Health Intelligence (Cedar Gate Technologies)
• McKesson Corporation
• Medecision
• Optum, Inc.
• Koninklijke Philips N.V.
• Athenahealth, Inc.
• Welltok (Virgin Pulse)

Key Industry Developments

In January 2023, The California Department of Health Care Services awarded a USD 600 million contract to Gainwell Technologies for population health management services through the CalAIM program.

In October 2022, MEDITECH launched Expanse Population Insight, a population health management solution. The solution is backed by the Innovaccer Data Platform and provides data aggregation and curation in addition to care delivery and data analytics.

Report Coverage

The report will cover the qualitative and quantitative data on the Global Population Health Management Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Global Population Health Management Market Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Population Health Management market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Population Health Management. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Population Health Management companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Population Health Management Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Population Health Management Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Population Health Management Market valued?
• Which region has the largest share in 2024 for the global Population Health Management Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Population Health Management Market

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Population Health Management Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: