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

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.