Population Health Management Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global population health management market provides qualitative and quantitative analysis for the period from 2021-2030. The global population health management market was valued at USD 67.2 billion in 2022 and is expected to reach USD 380.91 billion in 2030, with a CAGR of 21.30% during the forecast period 2023-2030. The study on population health management market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Population health management market (PHM) is a discipline within the healthcare industry that studies and facilitates care delivery across the general population or a group of individuals. Population health management market tools provide real-time insights to administrators and clinicians, enabling them to identify the care management gap within the risk patient population. The tools include improvement of medications, patient self-management, and cost management. By merging clinical care with healthcare economics and outcomes assessment, the population health management market can help providers, patients, and insurers aggregate, exchange and analyze patient data to coordinate care and promote wellness through evidence-based decision support in clinical care.

Increasing technological advancement in IT and big data capabilities drives the growth of the population health management market. Understanding the technological benefits of disease management programs facilitates the demographic characteristics and healthcare organizations along with the identification of target high-risk populations. Additionally, Increased investments in the healthcare sector and improvements in medication personalization both greatly accelerate the growth of the population health management market. Healthcare smart gadgets that allow for remote health monitoring are in high demand since they are readily available, easily share data, and are compatible with medical professionals. However, security anxieties of private patient information are a key concern for population health management market vendors and reimbursement issue is likely to curtail the growth of the population health management market system. Moreover, the increase in demand for value-based medicine creates ample growth opportunities for the key players in the population health management market over the years to come. On the other hand, the introduction of personalized medicine has led to precise, better, and predictable healthcare. With the increasing understanding of genes and enhanced healthcare analytics capabilities. Therefore, the providers can understand the drug responses, the impact of pathogens, the impact of diseases, and possible health outcomes in an individual patient. Hence it plays a vital role in the development of personalized medicines.

North America is projected to hold the most prominent market share in the upcoming forecast period. The growth in the North American region is due to the adoption rate of population health management market platforms in the U.S., and UK regions. Moreover, the fastest emerging Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. The growth in the Asia-Pacific region attributes to the rapidly growing healthcare industry in India and the efforts taken to digitize the healthcare system in China. The government is focusing on increased incentives and investment to improve national health by accurately tracking the health of the population and its subgroups. Developed countries such as Australia and Japan are the major markets for the population health management market.

Report Findings

1) Drivers

• Increasing technological advancement in it and big data capabilities are driving the growth of the market.
• The increase in the personalization of medicine in the healthcare industry is significantly growing the market.

2) Restraints

• Security concerns of patient private information are hindering the market growth.

3) Opportunities

• The increase in demand for value-based medicine creates ample growth opportunities for the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global population health management market is segmented on the basis of deployment mode, and end user.

The Global Population Health Management Market by Deployment Mode

• Web-based
• Cloud-based
• On-premise

The Global Population Health Management Market by End User

• Healthcare Providers
• Healthcare Payers
• Employer Groups

Company Profiles

The companies covered in the report include

• Epic Systems Corporation
• International Business Machines Corporation (IBM)
• McKesson Corporation
• Cerner Corporation
• Allscripts Healthcare Solutions Inc.
• Health Catalyst LLC
• Philips Healthcare
• Conifer Health Solutions
• Optum, Inc.
• GE Healthcare

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the population health management market.
2. Complete coverage of all the segments in the population health management market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global population health management market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.