Global Population Health Management Market – Analysis and Forecast (2018-2024)

Industry Insights by Offering (Software, Services), by Mode of Delivery (Cloud based, Web based, On Premise), by End-User (Healthcare Payers, Health Providers, Government Bodies, Employer Group)

Status : Published
Published On : May, 2018
Report Code : VRHC1005
Available Format : PDF
Industry : Healthcare
Page : 142

Industry Overview

Population Health Management is the consolidation of patient’s health information through various technological platforms to analyze and facilitate healthcare delivery. Global population health management market generated USD 15.9 billion in 2017. The population health management market provides healthcare facility by software and services offerings. The software category accounts for the larger share of more than 80% in 2017. This is primarily due to the increasing customization of software as per the requirement adding advantage to the category over other solution.

Market Segmentation

Insight by Offering

The global population health management market by offering is categorized into software and services. The larger share of software is due to the high demand of customization of software, and the rising need of healthcare integration system. The software category is also leading the market due to the regular software upgrades and maintenance that renders the buyers to concentrate on its core business. Although, population health management services held less than 20% of the global market, its demand is estimated to grow at a higher rate during the forecast period.

Insight by Mode of Delivery

The various mode of delivery for providing population health management solutions are cloud based, web based, and on premise. Among the different mode of delivery, the largest market share is of web based population health management due to the adoption of web based delivery system by healthcare providers, and also the usage of web based delivery mode reduced the requirement of hardware and software system thereby limiting the cost of installation.

However, the advancement and growing trend of cloud computing is expected to boost the growth of cloud based delivery mode leading to its highest demand during the forecast period. The cloud based mode of delivery also offers complete flexibility and freedom to healthcare providers, and it enhances integration of healthcare data across organizations without the requirement to purchase software license.

Insight by End User

Healthcare providers are the major share holder based on end user for population health management market, and is also estimated to lead based on size during the forecast period. The category’s large size is due to the advantages of population health management that diminishes the healthcare management gap primarily faced by high risk patient population. other end users of population health management includes healthcare payers, government bodies, and employer group.

Industry Dynamics

Growth Drivers

The rise in necessity to opt for cost-effective treatment options, increasing adoption of Healthcare information technology (HCIT), and disease management programs by public and private insurance providers are factors that will drive the growth of the global population health management market. HCIT claims to hold the potential to reduce healthcare expense and provide efficacy to overall healthcare system that will drive the growth of population health management during the forecast period. Also, the growing geriatric population in addition to the chronic diseases requires proper health management thereby drive the growth of the market. According to the World Population Prospects – Revision 2017, by the UNDESA, the global population aged 60 years or over in 2017 was 1 billion, while in 2100 is projected to reach 3.1 billion.

Geographic Overview

North America held the largest share of 48.8% in the global population health management market in 2017, majorly due to factors such as increase in awareness towards the benefits of population health management, the rise in demand to reduce healthcare cost, government initiatives to offer disease management programs, and the implementation of health reform such as the affordable care act (ACA) in U.S. Europe also holds significant share in the global market due to high adoption rate of population health management in countries such as Germany and U.K. Moreover, the population health management industry is expected to be witness highest demand registering fastest CAGR of 27.4% in Asia-Pacific, during the forecast period.

Competitive Insight

In February 2017, IBM Watson Health introduced its value based care solutions at the Health Information Management Systems Society (HIMSS) conference. The value based care solutions includes provider performance manager, engagement manager, bundled payments forecasting and management, and custom analytics as a set of its application for managing population health. Similarly, other leading players in the global population health management market are providing integrated solutions with enhanced services to maintain their competency in the market.

Key players of the global population health management market include McKesson Corporation, Cerner Corporation, Health Catalyst, LLC, Wellcentive, Inc., Conifer Health Solutions, LLC, Allscripts Healthcare Solutions, Inc., Verscend Technologies, Inc., UnitedHealth Group, and Koninklijke Philips N.V.


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