Global Population Health Management Market By Product (Software and Services), By End-User (Healthcare Providers, Healthcare Payers, and Other End-Users), By Delivery Mode (On-premise and Cloud-based), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The global population health management market size is expected to be worth around USD 100.6 Billion by 2032 from USD 27.8 Billion in 2022, growing at a CAGR of 14.1% during the forecast period from 2022 to 2032.

A defined group of people’s clinical health outcomes are improved by improved care coordination and patient involvement, which are supported by suitable financial and care models. This process is known as population health management. Healthcare IT services are in greater demand as the medical sector quickly moves from a paper-based to a digital system. A change from fee-for-service (FFS) to value-based payment (VBP) models has also been brought about by stakeholders in the healthcare industry’s growing desire for solutions supporting value-based care delivery. The market expansion is also anticipated to be boosted by the increased demand for efficient disease control solutions.

Market Scope

By Product Analysis

The services segment dominated the global population health management market by holding the largest share in 2022

Based on product, the global population health management market is divided into software and services. With the largest revenue share of more than 50.0% in 2022, the services category dominated the population health management market. The services market is being driven by hospitals and other care providers’ growing preference for internal systems over using outside parties to evaluate patient data. The growing need for PHM is partly a result of the growing requirement for integrated healthcare systems.

On the contrary, the software segment contributes significantly to the value growth of the global population health management market. A large share of this segment is the adoption of software solutions by providers and payers to improve cost efficiency, reduce readmissions, improve patient retention, improve operational efficiency, and aid in data analysis and integration. This is due to the fact that it is increasing.

By End-User Analysis

The healthcare providers segment accounted for holding the dominant share in 2022

Based on end-user, the population health management market is segmented into healthcare providers, healthcare payers, and other End-users. The healthcare provider segment dominated the market in 2022 and is estimated to reach the highest CAGR due to the growing demand for healthcare solutions that improve clinical outcomes, help manage the disease and reduce healthcare costs.

The healthcare payer segment is expected to witness the highest CAGR during the forecast period, driven by increasing demand for consumer healthcare solutions due to the absence of third parties.

By Delivery Mode Analysis

The on-premise segment is estimated to register the highest CAGR in the upcoming period

Based on the delivery mode, the population health management market is divided into on-premise and cloud services. The on-premise segment dominated the market in 2022 and is estimated to register the highest CAGR in the upcoming period due to the customization of solutions, reduced risk of data breaches, and the ability to reuse existing servers.

The CAGR of the cloud segment is expected to be the highest during the forecast period due to improved efficiency, security, and improved accessibility.

Key Market Segments

By Product

• Software
• Services

By End-Users

• Healthcare Providers
• Healthcare Payers
• Other End-Users

By Delivery Mode

• On-premise
• Cloud-based

Market Dynamics

Drivers

Rising prevalence of chronic diseases

Chronic diseases are a major driver of public health. Patients go to the hospital to treat long-term illnesses. In chronic diseases, the storage and monitoring of patient data are crucial. The demand for effective treatment has grown in the past years as a result of chronic diseases. The increase in the demand for healthcare requires additional services in health management.

Increase in the level of investment in the healthcare sector

Another important factor in the population health management industry is rising investments in health care. This leads to the introduction of health information technology. Additionally, the growing geriatric population is a major factor influencing the healthcare market growth (PHM). Increasing urbanization and increasing spending on healthcare infrastructure are the major market factors that will further boost the population healthcare (PHM) market growth.

Due to the increasing prevalence of cardiac and neurological diseases, PHM is often used for the continuous monitoring and treatment of patients. In addition, increasing the use of PHM solutions to improve clinical outcomes for patients by providing access to medical information to healthcare professionals of various medical specialties is driving the market growth.

Restraints

High costs due to the requirement for higher investments in healthcare infrastructure will hamper the market growth

The high cost of operating room equipment limits their use, especially in low-income countries, and hinders the growth of the population health care (PHM) market. On the other hand, the lack of skilled analysts and data management skills is challenging the population health care (PHM) market. Additionally, interoperability issues and data breaches will further hamper the market growth during the forecast period of 2023 to 2032.

Opportunity

Increase in focus on personalized medicines

The growing focus on personalized medicine offers beneficial opportunities for population health (PHM) growth. Healthcare companies can use advanced analytics and predictive modeling technology to treat each patient individually, leading to the best possible outcomes. Over time, analysis has become more widely used to tailor treatments for cancer and other diseases.

Moreover, the increasing focus on value-based medicine and the growing number of emerging markets continue to provide favorable opportunities for growth in the population health market (PHM) during the forecast period. Technological advancement and the implementation of various government initiatives to promote public health are also driving the growth of the market.

COVID-19 Impact Analysis

Population health management systems have proven beneficial in several economies during the COVID-19 pandemic

A huge number of clinics and hospitals around the world have been rebuilt to increase hospital capacity for patients diagnosed with COVID-19. Due to the rapid increase in cases of COVID-19, the implementation of non-essential measures remained a possible backlog. The lockdown has caused disruptions in the manufacturing and transportation of essential health supplies. In addition, factors affecting the market include limited availability of healthcare services, shortage of healthcare workers, and increasing hospitalization burden related to the COVID-19 virus.

In several countries, the spread of COVID-19 has increased the need for reliable diagnostic and treatment equipment. Population health management systems have proven to be very useful in these economies because they allow healthcare providers to easily integrate solutions such as electronic health records (EHR), patient management, and care management. Growing patient populations have led to increased use of EHR and EMR platforms and population health management solutions. Therefore, it had a positive impact on the public health sector.

Regional Analysis

North America dominated the global population health management market in 2022 and is expected to continue its dominance over the forecast period

Based on region, the population health management market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America accounted for the largest share of the global population in healthcare in 2022 and is expected to remain dominant during the forecast period. This is due to technological advancements in population health solutions, the integration of advanced software and data analytics, and the presence of major players in the region.

The population health management market in Asia Pacific is expected to grow at the fastest rate during the forecast period due to the improvement of healthcare infrastructure and increasing healthcare expenditure. In addition, the prevalence of chronic diseases is expected to double during the forecast period in the Asia-Pacific region. Managing data from this growth will require advanced data analytics, which is expected to accelerate the growth of the population health market in the region.

Growing medical tourism, reforms, and investments to modernize China’s healthcare infrastructure, the rapidly growing healthcare industry in India, the launch of new ICT guidelines in Japan, and the implementation of IT programs in Australia and New Zealand all contribute significantly to the growth of the population health management market.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

Strategic initiatives by companies to strengthen their market position include mergers and acquisitions, offering customized solutions, and business partnerships with other major players. Additionally, companies invest significant amounts in developing new products and platforms with advanced and improved features as part of their marketing strategies.

Recent Developments

• In March 2022,  Arcadia (US) collaborated with Rush Health (US) to leverage Arcadia’s HITRUST CSF-certified population health management to connect four hospitals, 2300 providers, and 140 practices and implement a quality improvement program that has improved care and financial value through better performance in fee-for-value payment methods covering more than 150,000 patients.
• In June 2022, Withiam Health Services (US) partnered with eClinical Works (US) to further gain overall operational efficiency and improve patient communications in more than 30 locations of the nonprofit healthcare organization.
• In September 2022, i2i Population Health (US) partnered with (TPCA) Tennesse Primary Care Association (US) to leverage the i2i PRiZiM network PHM platform to share best practices and improve care through their (CQCH) Centre for Quality in Community Health.

Market Key Players

Listed below are some of the key companies forming the competitive landscape in the global population health management market.

• Allscripts Healthcare Solutions, Inc
• McKesson Corporation
• Cerner Corporation
• Conifer Health Solutions LLC
• eClinicalWorks
• Enli Health Intelligence (US)
• UnitedHealth Group
• IBM Corporation
• Conifer Health Solutions (US)
• Health Catalyst, Inc.
• Nextgen Healthcare
• HealthEC LLC
• Color Health, Inc
• Athenahealth, Inc.