Status : Published | Published On : Jun, 2023 | Report Code : VRHC1005 | Industry : Healthcare | Available Format :
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Industry Overview
Population Health Management is the consolidation of patients’ health information through various technological platforms to analyze and facilitate healthcare delivery. The global population health management market generated USD 20.12 billion in 2022 and is anticipated to reach USD 50.85 billion by 2030, registering a CAGR of 13.8% during 2023-2030. The population health management market provides healthcare facilities with software and service offerings. The software category accounts for the larger share of more than 81% in 2022. This is primarily due to the increasing customization of software as per the requirement adding an advantage to the category over other solutions. Patient engagement tools aim to actively involve individuals in managing their health. These tools provide patients with access to their health information, promote self-care, and facilitate communication between patients and healthcare providers.
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 for customization of software, and the rising need of healthcare integration systems. The software category is also leading the market due to the regular software upgrades and maintenance that render 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 is cloud-based, web-based, and on-premise. Among the different modes of delivery, the largest market share is of web based population health management due to the adoption of web based delivery systems by healthcare providers, and also the usage of web based delivery modes reduced the requirement of hardware and software systems 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 the integration of healthcare data across organizations without the requirement to purchase software licenses.
Insight by End User
Healthcare providers are the major shareholder based on end-user for the 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 populations. other end users of population health management include healthcare payers, government bodies, and employer groups.
Global Population Health Management Market Report Coverage
Report Metric |
Details |
Historical Period |
2018–2022 |
Base Year Considered |
2022 |
Forecast Period |
2023 - 2030 |
Market Size in 2022 |
$20.12 Billion |
Revenue Forecast in 2030 |
$50.85 Billion |
Growth Rate |
CAGR 13.8% |
Segments Covered in the Report |
By Offering, By Mode of Delivery and by End User |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
The rise in the 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 expenses and provide efficacy to an overall healthcare system that will drive the growth of population health management during the forecast period. Also, the growing geriatric population in addition to chronic diseases requires proper health management thereby driving 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.
Rising prevalence of chronic diseases: Chronic diseases such as diabetes, cardiovascular diseases, and respiratory disorders are on the rise globally. Population health management strategies help in identifying high-risk individuals, monitoring their health, and providing targeted interventions to prevent or manage these chronic conditions effectively.
Advancements in technology: Rapid advancements in healthcare technology, such as electronic health records (EHRs), health information exchange (HIE), remote patient monitoring, and data analytics, have enabled healthcare providers to gather and analyze large volumes of patient data. Population health management leverages these technologies to identify trends, risk factors, and interventions that can improve population health.
Challenges: The population health management market also faces challenges, including data privacy concerns, interoperability issues, and the need for effective collaboration between healthcare organizations, payers, and technology vendors.
Geographic Overview
North America held the largest share of 48.9% in the global population health management market in 2022, majorly due to factors such as increase in awareness towards the benefits of population health management, the rise in demand to reduce healthcare costs, 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 witness the highest demand registering the 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 include a provider performance manager, engagement manager, bundled payments forecasting and management, and custom analytics as a set of 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 in 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.
The Population Health Management Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.
Population Health Management Market by Region
Population Health Management Market