The global population health management market size is expected to reach USD 280.8 billion by 2030 and is anticipated to grow at a CAGR of 22.0% from 2024 to 2030, 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. Population Health Management (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.
PHM assists in the stratification of at-risk population groups and the identification of high-cost diseases. Besides, increasing use of machine learning and artificial intelligence in analytics is likely to drive market 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.
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 partnership deals are other factors fueling market expansion.
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Population Health Management Market Report Highlights
- In terms of product, the services product segment held the largest market share in 2023, as healthcare providers prefer in-house maintenance services. Demand for PHM services is increasing among hospitals and other healthcare organizations to involve third parties to assess patient data
- In terms of delivery mode, the cloud-based segment is anticipated to register the fastest CAGR over the forecast period as it offers the end-user with faster, more effective, and more efficient clinical outcomes
- In terms of end-use, healthcare providers held the largest market share in 2023. The providers can focus effectively on patient care and reduce overall costs. The large market share is attributed to the implementation of value-based care using healthcare analytical tools
- Based on region, North America was the largest regional market in 2023 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 CAGR over the forecast period 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
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We have segmented the global population health management market based on product, delivery mode, end-use, and region.
Population Health Management Product Outlook
- Software
- Services
Population Health Management Delivery Mode Outlook
- On-Premise
- Cloud-based
Population Health Management End-use Outlook
- Providers
- Payers
- Employer Groups
Population Health Management Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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