Population Health Management Market to Grow with a CAGR of 9.25% through 2029
Increasing aging population and
rising healthcare costs are factors driving the Global Population Health
Management Market in the forecast
period 2025-2029
According to TechSci Research report, “Population
Health Management Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global Population
Health Management Market stood at USD 57.52 billion in 2023 and is anticipated
to grow with a CAGR of 9.25% in the forecast period, 2025-2029. In recent years, the healthcare industry has witnessed a significant
transformation, driven by the growing emphasis on value-based care, preventive
medicine, and patient-centric healthcare delivery. Population Health Management
(PHM) has emerged as a crucial strategy in addressing the complex healthcare
challenges faced by healthcare providers, payers, and patients alike. The
global Population Health Management Market has been on a steady growth
trajectory, largely due to several market drivers that are shaping its
landscape. One of the primary market drivers of the global PHM market is the
ongoing transition from fee-for-service to value-based care models. Healthcare
providers and payers are increasingly incentivized to focus on improving
patient outcomes and reducing the cost of care. PHM solutions play a pivotal
role in this shift, as they enable healthcare organizations to identify and
manage at-risk populations, improving care quality and efficiency.
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The global healthcare industry is
grappling with the challenge of rising healthcare costs, a problem that PHM
seeks to address. PHM tools and platforms provide actionable insights and
data-driven strategies to reduce healthcare expenditures by proactively
managing chronic diseases, preventing hospital readmissions, and optimizing
resource allocation. Chronic diseases, such as diabetes,
heart disease, and hypertension, are a significant burden on healthcare systems
worldwide. PHM solutions are instrumental in the management of chronic diseases
through early detection, personalized interventions, and patient engagement,
resulting in improved health outcomes and cost savings.
Advancements in healthcare information
technology, such as electronic health records (EHRs), data analytics, and
telehealth, have greatly contributed to the growth of the PHM market. These
technologies provide the infrastructure necessary for collecting, analyzing,
and sharing health data across the continuum of care, facilitating population
health management. Government regulations and initiatives
aimed at improving healthcare quality and reducing costs have driven the
adoption of PHM solutions. For example, the Affordable Care Act (ACA) in the
United States promotes the use of healthcare information technology and
population health management as a means to achieve better healthcare outcomes.
The Global Population Health Management Market is
segmented into component, mode of delivery, end user, regional and company.
Based on mode of delivery, the cloud bases mode of delivery segment has emerged as
the predominant market leader. Cloud-based solutions offer scalability that is
unmatched by on-premises systems. Healthcare organizations can easily adapt to
changes in their patient population and expand their services without the need
for costly hardware upgrades. Cloud-based solutions are accessible from any location
with an internet connection, enabling healthcare providers to access and
analyze patient data, collaborate, and make informed decisions remotely. This
accessibility is especially crucial in situations like the COVID-19 pandemic,
where remote care delivery has become essential. Cloud-based PHM solutions eliminate
the need for significant upfront capital investment in infrastructure. Instead,
healthcare organizations can pay for the services they use on a subscription
basis, reducing overall IT costs.
Based on region, North America segment is expected to
grow during the forecast period. Government support and regulations
play a pivotal role in the growth of the population health management market.
North American governments have recognized the importance of proactive
healthcare management, and as a result, they have implemented various initiatives
and regulations that encourage healthcare providers to adopt population health
management solutions. These measures include the promotion of interoperability,
the Meaningful Use program, and the Affordable Care Act (ACA), which emphasize
data-driven healthcare and the improvement of population health outcomes.
The Asia Pacific region is experiencing rapid market
growth. Asia Pacific 's strong commitment to research and development has
resulted in the creation of cutting-edge population health management
solutions. Innovative technologies, data analytics, and machine learning
algorithms are continually being developed and refined to meet the specific
needs of the region's healthcare systems. This commitment to research and
development gives Asia Pacific a competitive edge in the global population
health management market.
Major companies operating in Global Population Health
Management Market are:
- Cerner Corporation
- Epic Systems Corporation
- Koninklijke Philips
- i2i Population Health
- Health Catalyst
- Enli Health Intelligence
- eClinicalWorks
- Allscripts Healthcare Solutions
- IBM Corporation
- HealthEC LLC
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“The global
Population Health Management Market is poised for continued growth due to a
convergence of market drivers, including the shift towards value-based care,
the rise in healthcare costs, chronic disease management, technological
advancements, regulatory initiatives, patient-centric care, the aging
population, and data security concerns. As the healthcare industry evolves, the
adoption of PHM solutions is expected to play a vital role in improving health
outcomes, enhancing patient experiences, and reducing healthcare costs, making
it an integral part of the future of healthcare delivery.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Population Health Management Market By Component (Software,
Services), By Mode of Delivery (On-premises, Cloud-based), By End user (Healthcare Providers (Hospitals,
ACOs), Healthcare Payers, Employer Groups, Government Bodies), By
Region, By Competition Forecast & Opportunities, 2019-2029F”, has evaluated
the future growth potential of Global Population Health Management Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Population Health Management Market.
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