Population Health Management Market Expected To Grow Strongly By 2030

Population Health Management Market Growth & Trends

The global population health management market size is expected to reach USD 280.8 billion by 2030, expanding at a CAGR of 21.94% over the forecast period, according to a new report by Grand View Research, Inc. The healthcare industry is shifting toward the adoption of healthcare IT solutions, including electronic health records (EHR) and population health management (PHM) for value-based compensation. PHM solutions can process clinical, financial, and operational data that help improve efficiency and patient care. The health management program is also witnessing changes in medical reimbursement due to the increasing emphasis on value-based payment models.

Furthermore, PHM assists in the stratification of at-risk population groups and the identification of high-cost diseases. Besides, the increasing use of machine learning and artificial intelligence in analytics is likely to drive the market’s growth. With rapid advancements in technology, PHM is likely to offer a win-win situation for healthcare providers. For instance, the use of data analytics is expected to help reduce costs, increase productivity, and offer improved clinical outcomes.

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Furthermore, the key participants are engaged in strategies such as product launches, collaborations, partnerships, and joint ventures among others to expand their global footprints and product portfolio. Alternatively, rising strategic acquisitions, new product launches, and partnerships deals are other factors fueling market expansion.

Population Health Management Market Report Highlights

• The services product segment held a majority of the market share in 2022, as healthcare providers prefer in-house maintenance services
• The cloud-based segment is anticipated to register the fastest growth rate over the forecast period, as it offers the end-user faster, more effective, and more efficient clinical outcomes
• The healthcare providers end-use segment held the largest market share in 2022. The providers can focus effectively on patient care and reducing overall costs. The large market share is attributed to the implementation of value-based care using healthcare analytical tools
• North America was the largest regional market in 2022 and is likely to retain its position over the forecast period, as the providers, payers, providers-payers, and accountable care organizations promote the use of PHM services
• In Asia Pacific, the market is expected to witness the fastest growth in the coming years due to rising healthcare expenditure and improving healthcare infrastructure in the region. Acquisitions and business partnerships with other market players are some of the strategic initiatives undertaken by key players to strengthen their market presence

Population Health Management Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 70.0 billion

Revenue forecast in 2030

USD 280.8 billion

Growth rate

CAGR of 21.94% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Population Health Management Market Segmentation

Grand View Research has segmented the global population health management market based on product, delivery mode, end-use, and region:

Population Health Management Product Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Services

Population Health Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Payers
• Providers
• Employer Groups

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Population Health Management Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• On-Premise
• Cloud-based

Population Health Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Norway
  • Denmark
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in the Population Health Management Market

• Veradigm LLC
• Oracle
• Conifer Health Solutions, LLC
• eClinicalWorks
• Enli Health Intelligence
• McKesson Corporation
• Medecision
• Optum, Inc.
• Advisory Board
• Koninklijke Philips N.V.

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