The global population health management market size was US$ 19.2 billion in 2021. The global population health management market size is estimated to reach US$ 61.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.7% during the forecast period from 2022 to 2030.
Population health management (PHM) is the process of improving clinical health outcomes for a specific group of people through better care coordination and patient participation, supported by appropriate financial and care models. Its main goal is to collect and evaluate clinical data from the patient’s healthcare environment to uncover opportunities to improve both the patient’s health and the provider’s financial outcomes. This concept shifts primary care service delivery from reactive to proactive population management.
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Factors Affecting Marketing Growth
The increase in the elderly population, a rise in the number of per capita healthcare expenditures, and an increase in the utilization of the Internet of things (IoT) for healthcare drive the growth of the global market.
The increase in the personalization of medicines, and a rise in investments in the healthcare industry significantly boost the growth of the global market.
A plethora of product development in the upcoming years and key developmental strategies aimed at rising awareness and accessibility by the healthcare providers & players boosts the growth of the global market.
Impact on COVID-19 Analysis
COVID-19 resulted in a huge number of clinics and hospitals across the globe to increase hospital capacity for patients. Non-essential procedures took a potential backlog, due to rapidly rising COVID-19 cases. The lockdown led to the disruption of manufacturing and transportation of healthcare essentials. Furthermore, other factors responsible for the impact on the market include limited availability of medical care, shortage of healthcare staff, and increase in the burden of COVID-19-related hospitalization. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
North America accounted for a majority of the global population health management market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in population health management solutions, the integration of advanced software & data analytics, and the presence of key players in the region.
Asia-Pacific is anticipated to witness notable growth, due to the increase in the geriatric population, development of healthcare infrastructure, and growth in investment projects in the region.
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Leading Competitors
The prominent players in the global population health management market are:
Oracle Corporation
UnitedHealth Group
Nextgen Healthcare
Koninklijke Philips N.V
Lightbeam
Health Care Service Corporation
Epic Systems Corporation
Cedar Gate Technologies
Arcadia
Allscripts Healthcare Solutions
Others
Segmentation Analysis
The global population health management market segmentation focuses on Components, Mode of Delivery, End User, and Region.
Segmentation on the basis of Components
Services
Software
Segmentation on the basis of Mode of Delivery
Cloud-based
On-premise
Segmentation on the basis of End User
Healthcare Providers
? Hospitals & Physician Groups
? Ambulatory Care Centers
o Others
Healthcare Payers
? Public Payers
o Private Payers
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Population Health Management market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Population Health Management market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Population Health Management market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Population Health Management business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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