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The Population Health Management Market Size was valued at USD 71.83 billion in 2023, and is expected to reach USD 352.55 billion by 2031, and grow at a CAGR of 22.07% over the forecast period 2024-2031.
The health assessment data of a group of persons or (Patient's Data) is split into distinct categories for the evaluation of their treatment by Population Health Management. And modern technical instruments can be used to assess them. It also helps to reduce the cost of clinical products and therapy, as well as save time as compared to manual evaluation. The growing prevalence of chronic diseases that require ongoing care, the use of healthcare IT, and increased government backing are all projected to boost the industry's growth. For example, the US government has implemented the Affordable Care Act (ACA) to combat sickness and promote the adoption of healthcare IT.
The Affordable Care Act (ACA) would promote the expansion of the population health management market by creating opportunities for population health management service providers to gather and preserve patient data. Take infectious diseases as an example: the Global Population Health Management Market is being pushed by increased infectious infections as a result of the rise of Covid-19 in India and other areas of the world. Chronic disorders such as heart disease, cancer, and diabetes also play an essential role in describing the global state of human health. The United States of America and India, among other countries, are leading causes of death from chronic diseases around the world.
DRIVERS
Healthcare IT solutions are mandated by the government and are supported by it.
Healthcare expenditures are out of control, and it's time to do something about it.
Increased prevalence of chronic diseases due to an ageing population
RESTRAINTS
To establish a strong PHM program, significant infrastructural investment is required.
Concerns about data theft.
OPPORTUNITIES
Markets that are still developing
Personalized treatment is gaining popularity.
Value-based medicine is becoming more popular.
CHALLENGES
Data management skills are lacking, as are skilled analysts.
Problems with interoperability
Since the spread of Coronavirus, the populace wellbeing the board market has endured a shot. To prevent the infection from spreading, numerous states are chasing after an assortment of deterrent advances. Coronavirus is turning out to be more normal, which is expanding interest for drug. During the plague, the populace framework is very useful. Payments, treatment, and claims are all attainable through the program. During this time, it was critical to exchange patient records quickly.
It also provides excellent security along with data storage. Through the program, the patient information is kept private. With the program, financial and decision-making in the health sector are getting much easier. The health-care industry is undergoing rapid changes. EHR systems are being used in a growing number of hospitals. This time has seen positive trends in Electronic Health Records (EHR) and population health-management technologies. The market forecast for population health management is bright.
By Component Type
PHM market is divided into two categories: software and services. The software industry will account for most of the market by 2020. Increased acceptance of software solutions by payers and providers to reduce learning, increase cost effectiveness, improve operational efficiency, promote patient engagement, and facilitate data integration and analysis can be integrated into the administration of this component.
By Mode of Delivery Type
Consumers will have access to solutions to manage human health by locating and / or cloud-based. The benefits of local delivery, such as customization solution, reduced risk of data breach, and the opportunity to reuse existing servers and storage infrastructure, drive your acceptance in the public health management market.
By End Users
Healthcare providers, payers, and other end users are three parts of the PHM market. Half of the healthcare providers dominated the public health management market by 2021. Affordable Care Act and the Hospital Learning Reduction Program (both aimed at reducing health care costs through novel health management solutions) in the United States, as well as greater demand. in these solutions among health care providers in all regions, they are responsible for a large share of this category.
For a limited time, North America is expected to dominate the public health management market. The growth of the regional public health management market is driven by factors such as appropriate regulatory conditions, pressure on health care facilities to reduce costs, and growing conditions for healthcare IT, big data and cloud computing, well-established, sustainable health care infrastructure. government reforms, and an increase in the burden on patients with diseases.
For example, the Acquired Care Act (ACA) was enacted by the United States government to promote disease prevention and the dissemination of health care information technology. The Inexpensive Care Act will promote the expansion of the market in human health management and provide opportunities for public health management service providers to access and store patient data.
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Some of the major key players are as follows: Allscripts, Conifer Health Solutions LLC, McKesson Corporation, eClinicalWorks, NextGen Healthcare, Inc., IBM Corporation, Arcadia, Cerner Corporation, Athenahealth, Cotiviti.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 71.83 Billion |
| Market Size by 2031 | US$ 352.55 Billion |
| CAGR | CAGR of 22.07% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component Type (Software, Services) • By Mode of Delivery Type (On Premise Mode of Delivery, Cloud -Based Mode of Delivery) • By End Users (Healthcare Providers, Healthcare Payers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Allscripts, Conifer Health Solutions LLC, McKesson Corporation, eClinicalWorks, NextGen Healthcare, Inc., IBM Corporation, Arcadia, Cerner Corporation, Athenahealth, Cotiviti. |
| DRIVERS | • Healthcare IT solutions are mandated by the government and are supported by it. • Healthcare expenditures are out of control, and it's time to do something about it. • Increased prevalence of chronic diseases due to an ageing population |
| RESTRAINTS | • To establish a strong PHM program, significant infrastructural investment is required. • Concerns about data theft. |
Ans: The Population Health Management Market Size was valued at USD 58.85 Bn in 2022.
Ans: The Population Health Management Market is growing at a CAGR of 22.1% over the forecast period 2023-2030.
Half of the healthcare providers dominated the public health management market.
Drivers, Restraints, Opportunities, and Challenges are the factors of marketing dynamics Population Health Management market.
Allscripts, Conifer Health Solutions LLC, McKesson Corporation, eClinicalWorks, NextGen Healthcare, Inc., IBM Corporation, Arcadia, Cerner Corporation, Athenahealth, Cotiviti are some of the key players of Population Health Management market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Population Health Management Market Segmentation By Component Type
8.1 Software
8.2 Services
9. Population Health Management Market Segmentation, By Mode of Delivery Type
9.1 On Premise Mode of Delivery
9.2 Cloud -Based Mode of Delivery
10. Population Health Management Market Segmentation, By End Users
10.1 Healthcare Providers
10.2 Healthcare Payers
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Allscripts
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Conifer Health Solutions LLC
12.3 McKesson Corporation
12.4 eClinicalWorks
12.5 NextGen Healthcare, Inc.
12.6 IBM Corporation
12.7 Arcadia, Cerner Corporation
12.8 Athenahealth, Cotiviti.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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By Component Type
Software
Services
By Mode of Delivery Type
On Premise Mode of Delivery
Cloud -Based Mode of Delivery
By End Users
Healthcare Providers
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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