Press Release

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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