Population Health Management Market
Number of pages: 100 | Report Format: PDF | Published date: October 13, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 25.3 billion |
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Revenue forecast in 2030 |
US$ 131.52 billion |
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Growth Rate |
CAGR of 20.1% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Segments covered |
Component, mode of delivery, end-user, and region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global population health management market was pegged at US$ 25.3 billion in 2021 and is expected to witness a CAGR of 20.1% during the forecast period from 2022 to 2030.
Market Fundamentals
Population health management is an approach that identifies and manages the health risks of the local population. Improving patient health conditions is a population health management's (PHM) main objective. The PHM also aims to assist healthcare professionals and public services in understanding unmet patient needs. Further, it helps create better health services, better use of public resources, prevent diseases, and anticipate future health issues.
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Market Dynamics
Population health management (PMH) helps improve healthcare services to enhance the facility's quality at a reduced per capita cost. The population management market is rapidly growing due to various factors, such as urbanization, the need for affordable healthcare costs for services, and emerging markets. Furthermore, increasing demands for personalized medicines and a rising product portfolio contribute to market development. The increasing adoption of IT solutions (technological advancement) for better management fuels market expansion. Moreover, the increasing geriatric population also drives the market growth.
Market Ecosystem
The global population health management market has been analyzed from four perspectives: component, mode of delivery, end-user, and region.
Population Health Management Market by Component
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Based on component, the global population health management market has been bifurcated into services and software. The service segment dominates the market with the largest revenue share. This growth is attributed to value-based care. In terms of the services, which often require renewal periodically, which includes the upgradation of services and also maintenance of the PHM programs, have been instrumental in the dominance of these devices in the global market.
Population Health Management Market by Mode of Delivery
Based on the mode of delivery, the global population health management market has been segmented into on-premise and on-cloud. On-cloud dominates the market with the largest revenue share. The dominance of this segment can be attributed to accessibility over the internet without the need for active participation by healthcare management. This enables the practical accessibility of population health management over diverse specialties and various healthcare institutions. Hence, the proven effectiveness of cloud-based population health management in home healthcare, along with seamless accessibility of data across multiple platforms, is the primary reason for the dominance of the cloud-based platform segment in the global market.
Population Health Management Market by End-Users
Based on end-users, the population health management market is segmented into payers, healthcare employers, and providers. The providers dominate the segment with the largest revenue share in the market. This lead can be attributed to this segment's benefits, such as reducing the cost to avail the healthcare services using PHM. Furthermore, the rising demands for healthcare providers and patient-centric care further drive market expansion. The payers segment is expected to grow significantly during the forecast period.
Population Health Management Market by Region
The market has been segmented based on regions: North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the global market with the largest revenue share. The growth of this region can be attributed to well-developed healthcare infrastructure and continuous adoption of advanced technologies. Additionally, the market is growing due to expanding government efforts, using cloud computing in PHM services, and increasing investments or funding for improved population health record management services. The substantial aging population and the rising expense of healthcare services also contribute to the expansion of this industry. Europe is the second largest shareholder in the market owing to growing demands for PHM and the increasing cost of medical procedures and consultations.
Competitive Landscape
The prominent players operating in the global population health management market are:
Strategic Developments
The Asia Pacific is the fastest-growing region for the population health management market.
The estimated market size of the population health management market in 2030 is US$ 131.52 billion.
The global population health management s market is estimated to grow at a CAGR of 20.1 %.
The key players in the global population health management market are Allscripts Healthcare Solutions Inc., McKesson Corporation, Cerner Corporation, Conifer Health Solutions LLC, eClinicalWorks, Deloitte Touche Tohmatsu Limited, Koninklijke Philips N.V., UnitedHealth Group, GE Healthcare (General Electric Company), Cotiviti Inc., and Health Catalyst Inc.
*Insights on financial performance are subject to the availability of information in the public domain