The global population health management market value was USD 31.2 billion in 2022, driven by the increase in ageing global population, and the rising cost of healthcare services across the globe. The market value is anticipated to grow at a CAGR of 16.9% during the forecast period of 2023-2031 to achieve a value of USD 126.6 billion by 2031.
The adoption of population health management strategies has been increasing steadily due to factors such as the rising prevalence of chronic diseases, an aging global population, and the growing cost of healthcare services. Governments, healthcare providers, and payers are increasingly focusing on PHM to improve patient outcomes, enhance the efficiency of healthcare systems, and control healthcare costs.
North America: The largest market for population health management, driven by factors such as the high prevalence of chronic diseases, advanced healthcare infrastructure, and a strong focus on healthcare cost containment.
Europe: The second-largest market, with increasing demand for population health management solutions and a growing emphasis on improving healthcare outcomes and reducing healthcare costs.
Asia Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing awareness about the benefits of population health management strategies.
Population Health Management Introduction
Population Health Management (PHM) is an emerging healthcare approach that aims to improve the health outcomes of a defined population while reducing the overall cost of healthcare. PHM encompasses a wide range of strategies, including health promotion, prevention, early intervention, care coordination, and the integration of data analytics to identify high-risk individuals and populations. By focusing on the health of an entire population, PHM seeks to address the social determinants of health and provide patient-centred care that is tailored to individual needs.Population Health Management Market Scenario
In recent years, the global population health management market has witnessed significant growth, driven by factors such as the increasing prevalence of chronic diseases, an aging global population, and the rising cost of healthcare services. Governments, healthcare providers, and payers are increasingly adopting PHM strategies to improve patient outcomes, enhance the efficiency of healthcare systems, and control healthcare costs.The adoption of population health management strategies has been increasing steadily due to factors such as the rising prevalence of chronic diseases, an aging global population, and the growing cost of healthcare services. Governments, healthcare providers, and payers are increasingly focusing on PHM to improve patient outcomes, enhance the efficiency of healthcare systems, and control healthcare costs.
North America: The largest market for population health management, driven by factors such as the high prevalence of chronic diseases, advanced healthcare infrastructure, and a strong focus on healthcare cost containment.
Europe: The second-largest market, with increasing demand for population health management solutions and a growing emphasis on improving healthcare outcomes and reducing healthcare costs.
Asia Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing awareness about the benefits of population health management strategies.
Population Health Management Market Segmentations
Market Breakup by Components
- Software
Services
- Post-Sale and Maintenance Services
- Consulting Services
- Training and Education Service
- Implementation Services
Market Breakup by Mode of Delivery
- On-Premises
- Cloud Based
Market Breakup by End User
- Healthcare Providers
- Hospitals and Physician Groups
- Ambulatory Care Centers
- Healthcare Payers
- Public
- Private
- Others
Market Breakup by Distribution Channels
- Hospitals Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Population Health Management Market
- Technological advancements: The integration of advanced technologies such as big data analytics, artificial intelligence, machine learning, and the Internet of Things (IoT) is transforming the way healthcare providers identify high-risk individuals and populations, enabling targeted interventions and personalized care
- Digital health solutions: The use of digital health solutions, such as telehealth, remote monitoring, and electronic health records, is playing a critical role in facilitating effective population health management by improving access to care, enhancing patient engagement, and promoting data-driven decision-making
- Value-based care models: The shift towards value-based care models, which emphasize the quality of care and patient outcomes, is driving the adoption of population health management strategies and fostering collaboration among healthcare stakeholders
Population Health Management: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:- MCKESSON CORPORATION
- Verisk Analytics, Inc
- Forward Health Group, Inc
- Health Catalyst
- Athenahealth, Inc
- Cerner Corporation
- Medecision
- Xerox Corporation
- Allscripts Healthcare, LLC
- Fonemed
- General Electric
- HealthBI
- NXGN Management, LLC
- Optum Inc
- Conifer Health Solutions, LLC
- IBM
- Koninklijke Philips N.V
- Siemens Healthcare GmbH
Table of Contents
1 Preface
3 Global Population Health Management (PHM) Market Overview
4 Global Population Health Management (PHM) Market Landscape
5 Global Population Health Management (PHM) Market Dynamics
6 Global Population Health Management (PHM) Market Segmentation
7 North America Population Health Management (PHM) Market
8 Europe Population Health Management (PHM) Market
9 Asia Pacific Population Health Management (PHM) Market
10 Latin America Population Health Management (PHM) Market
11 Middle East and Africa Population Health Management (PHM) Market
12 Patent Analysis
13 Grants Analysis
14 Funding Analysis
15 Partnership and Collaborations Analysis
16 Regulatory Framework
17 Supplier Landscape
18 Global Population Health Management (PHM)-Distribution Model (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
21 Payment Methods (Additional Insight)
Companies Mentioned
- Mckesson Corporation
- Verisk Analytics, Inc
- Forward Health Group, Inc
- Health Catalyst
- Athenahealth, Inc.
- Cerner Corporation
- Medecision
- Xerox Corporation
- Allscripts Healthcare, LLC
- Fonemed
- General Electric
- Healthbi
- Nxgn Management, LLC
- Optum Inc.
- Conifer Health Solutions, LLC
- Ibm
- Koninklijke Philips N.V.
- Siemens Healthcare Gmbh
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | May 2023 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 36.4 Billion |
| Forecasted Market Value ( USD | $ 126.6 Billion |
| Compound Annual Growth Rate | 16.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
