USD 68.2 billion
Population Health Management Market Size, Share, Growth Analysis, By Component Outlook (Hardware, Software, Service, Others), By Solution (Data Integration & Management, Analytics, Others), By Delivery Mode (On -Premise, Cloud), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2162 |
Region:
Global |
Published Date: August, 2024
Pages:
157
|Tables:
60
|Figures:
75
Population Health Management Market Insights
Global Population Health Management Market size was valued at USD 33.49 Billion in 2022 poised to grow from USD 40.18 Billion in 2023 to USD 171.94 Billion by 2031, growing at a CAGR of 19.93% in the forecast period (2024-2031).
PHM is an approach to healthcare that wants to improve clinical health outcomes through the prevention and control of illness as well as reduce healthcare disparities, improve care coordination, promote patient involvement and enhance well-being. By focusing on specific groups like Medicare beneficiaries or patients with chronic diseases, PHM can identify people at risk of developing such diseases. All health systems have the patient health data integrated as well as stored for analysis by the population health management (PHM) systems. The efficacious amalgamation of disparate IT systems along with embracing healthcare IT solutions has validated that process digitization boosts the aggregate ROI while maximizing healthcare organizations’ profit margins.
Factors such as increasing incidence of chronic diseases alongside an aging population, rising adoption of health IT solutions, government focus on preventive healthcare measures, increasing urge for establishing disease registries and soaring healthcare costs worldwide are all contributing to the expansion of this sector. Moreover, undiscovered markets situated in developing countries as well as increasing focus onvalue-based healthcare are offering opportunities for market growth. The expansion of this market, however, has been slowed to some extent by problems pertaining with patient data privacy and confidentiality along with lack of interoperability. To ensure compliance and improve patient satisfaction, the healthcare sector worldwide depends on health information technology, or health IT/HIT, as well as the electronic sharing and use of health information.
US Population Health Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Software
Fastest Growth
Software
Growth Rate
19.3% CAGR
Global Population Health Management Market ($ Bn)
Country Share for North America Region (%)
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Population Health Management Market Segmental Analysis
Global population health management market is segmented based on Component Outlook, Solution and Delivery Mode. In terms of Component Outlook, the market is segmented into Hardware, Software, Service and Others. Based on the Solution, the market is trifurcated into Data Integration & Management, Analytics and Others. In terms of Delivery Mode, the market is divided into On -Premise and Cloud. Based on Region, the population health management market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
Population Health Management Market Analysis by Component Outlook
As per categorization by component outlook, the market is classified as hardware, software, service and others. Among these, the software earned the largest share and continues to dominate the market. Recent advancements in software solutions that integrate data analysis, electronic health records and intelligence-powered insights are now affecting the global population health management market. This is due to technology which enables it to be simpler to organize the provision of health services, allows for personalized care regimens, and boosts decision-making; thus, resulting in improved health results and cost-effectiveness.
The swiftest segment within global population health management market would be the service-focused sector which emphasizes individual attention alongside expert knowledge about implementation techniques as well as continuous observation due to increasing demand. Particularly when healthcare systems utilize sophisticated PHM solutions, they tend to require personalized services in order to make better use of the software, ensure compliance and achieve positive health outcomes.
Population Health Management Market Analysis by Solution
In molding world’s health care system, big fancy figures with an assortment of artificial intelligence and prediction programming have spurred great transformation. Analytics plays a big role in identifying high-risk groups, improving care plans and enabling enlightened choices so as to enhance results and reduce medical bills across all populations at risk.
Based on current predictions, demand for combining health data from various facilities into one holistic system or database will be necessary thus leading to rapid growth of the field as a result. In order to provide comprehensive understanding, assurance of cross-functioning capabilities and promote integrated treatment regimes across different healthcare institutions, proper handling of information is vital.
Global Population Health Management Market by End User ($ Bn)
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Population Health Management Market Regional Insights
Due to its highly advanced health care system, wide acceptance of electronic health records (EHRs) and strong regulatory framework, North America has emerged as the top player in the global population health management market. The increased emphasis on value-based care as well as heavy investments in healthcare IT have enhanced the uptake of PHM solutions across the region. The number of PHM tools is rising due to initiatives of the US government such as the Affordable Care Act that require healthcare providers to concentrate on population health outcomes. With the advertisement of some major players in this rapidly transforming market and a tech savvy population, North America will remain dominant.
The fastest expanding region in the global population health management market is Asia Pacific due to the influence of factors like increased cost of healthcare, continued urbanization, and improved public awareness of modern medical technologies. Digital health solutions and improvements to health systems across the region are being funded by governments to curb the rising burden of chronic diseases. The elderly people as well as newly formed middle class are motivating better ways of managing health. Asia Pacific is an important center for developing the PHM market owing to its thriving technology industry, increased adoption of EHRs and growing telehealth applications. All of these factors are encouraging innovation.
Global Population Health Management Market By Geography
- Largest
- Fastest
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Population Health Management Market Dynamics
Population Health Management Market Drivers
Ensuing Increase in Burden of Chronic Illnesses:
- Numerous nations' healthcare systems are anticipated to be greatly impacted by the ageing population and the ensuing rise in the burden of disease. With mounting pressure on government funds, dwindling health workers across different regions, and rising rates of chronic illnesses, the effects of the ageing population are magnified even further.
Heightened Awareness of Value-Based Healthcare:
- Through the collection and use of results-oriented data, value-based medicine is changing healthcare. Healthcare organizations can gain a competitive edge by using business intelligence (BI) to not only identify the data they truly need, but also to analyze, assess, and exploit that data to achieve a comprehensive understanding of costs versus benefits. Examining each transaction from the perspectives of value, utility, and results also makes it possible for all operations to be transparent.
Population Health Management Market Restraints
Regulatory and Compliance Complexities:
- It’s challenging for PHM providers to navigate the complex web of national and regional health care regulations. As for instance, different nations have different laws such as GDPR in Europe or HIPAA in America. The process requires much commitment and leads to postponed introduction of these solutions especially within global healthcare systems.
Resistance to Change Among Healthcare Providers:
- The opposition to PHM-supported value-based care adoption in healthcare often comes from the healthcare practitioners who used to set up practices. The doubt on whether an organization will gain from it back, fear of workflow disruption or lack of knowledge on new technology could be the reasons as to why this opposition hampers wider adoption of PHM systems.
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Population Health Management Market Competitive Landscape
Global Population Health Management market is characterised by fierce competition between major players who prioritise innovation, forming alliances, and growing their service portfolios. The market is dominated by big businesses including IBM Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Optum, Inc. These multinational companies are improving their PHM skills and meeting the increasing demand for effective healthcare management by utilising cloud-based solutions, AI, and sophisticated analytics.
Top Player’s Company Profiles in Population Health Management Industry
- Cerner Corporation (US)
- Epic Systems Corporation (US)
- Koninklijke Philips (Netherlands)
- i2i Population Health (US)
- Health Catalyst (US)
- Optum (US)
- Enli Health Intelligence (US)
- eClinicalWorks (US)
- Allscripts Healthcare Solutions (US)
- IBM Corporation (US)
- HealthEC LLC (US)
- Medecision (US)
- Arcadia (US)
- athenahealth (US)
- Cotiviti (US)
- Oracle (US)
Recent Developments in Population Health Management Industry
- In July 2024, Unveiled just now, an all new personal health management (PHM) solution by Cerner Corporation is aimed at integrating AI driven analytics into its electronic health records (EHR) systems. The aim of this change is to improve the predictive analytic capabilities that are used in risk assessment as well as intervention planning thus allowing the health care providers manage patient populations more efficiently and effectively.
- In June 2024, In aiming to enhance the distribution of resources and simplify care coordination, an innovative PHM platform has been offered by Optum, Inc. This platform seeks to encourage value-based care models through various healthcare settings while simultaneously increasing patient engagement via real-time data analytics as well as better interoperability capabilities.
- In August 2024, The newest AI-assisted population health management solutions unveil by IBM Corporation are meant for improving the way chronic disease patients are managed. IBM seeks to enhance predictive modeling and data integration capabilities using Watson Health platform, which will allow organizations in healthcare sector better management of such diseases thereby increasing care delivery results from customized treatment options and actionable information provision.
Population Health Management Key Market Trends
Growing Number of Value-Based Care Models:
- There is an observable shift towards value-based care methods in the domain of population health management (PHM). Healthcare organizations and providers are continuously adopting PHM solutions to increase early intervention programs, improve patient outcomes, and manage chronic diseases as well as lowering costs.
Interaction with Patients:
- The PHM methods are now focusing more on the needs of the patient. In a bid to promote well-being and preventable health care, the health sector is taking up technology in a bid to empower individuals so that they can take control of their well-being. Such things like mobile health applications, portals and technologies for remote monitoring fall under this category.
Population Health Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in summary, advancements in data management, analytics, and software are driving a rapid evolution of the global population health management market. PHM systems help to improve care coordination and decision-making by integrating and analysing patient data to improve healthcare outcomes. With large-scale investments in healthcare, urbanization is rapidly growing in the Asia Pacific region while advanced infrastructure and vigorous regulation are actually the bases of its power over North America.
Notwithstanding these developments, there are still issues to overcome, including data privacy, complicated regulations, and opposition to change. Future trends and possibilities in the industry are being shaped by the emphasis on value-based care and patient engagement as it continues to grow.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 33.49 Billion |
| Market size value in 2031 | USD 171.94 Billion |
| Growth Rate | 19.93% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Population Health Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Population Health Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Population Health Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Population Health Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Population Health Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Population Health Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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