The population health management market size was USD 68.4 billion in 2021, and it is expected to rise from USD 81.5 billion in 2022 to USD 396.13 billion by 2032, with a compound annual growth rate (CAGR) of 19.2% during the forecast period (2023-2032). The research describes the company's strengths, prospects, threats, and potential business hazards, as well as a detailed review of the global market position in light of COVID-19.

Population health management involves the collection and analysis of patient data from various information technology resources. Population health management seeks to track patient status and identify disease-related individuals. This attempts to enhance clinical results and lower the cost of therapy.

The Population Health Management Market addresses the collective health outcomes of specific groups or populations, focusing on prevention, intervention, and coordination of care to improve overall health and reduce healthcare costs. It encompasses a range of strategies, technologies, and services aimed at analyzing and managing health data to identify at-risk populations, implement targeted interventions, and monitor outcomes. Key components include predictive analytics, risk stratification, care coordination, and patient engagement tools. With the shift towards value-based care and population health initiatives, the market is experiencing rapid growth, driven by the need for more efficient and effective approaches to managing population health outcomes and healthcare spending.

The Population Health Management market is experiencing significant growth driven by the increasing emphasis on preventive healthcare and value-based care models. Population health companies offer comprehensive solutions for managing the health outcomes of specific patient populations. With a focus on data analytics, care coordination, and patient engagement, these companies play a vital role in improving health outcomes and reducing healthcare costs.

Market Dynamics

The growing prevalence of chronic diseases that require constant monitoring and treatment, the adoption of IT healthcare, and increased government funding are expected to drive market growth. For example, the US government has introduced the Affordable Care Act (ACA) to prevent diseases and the adoption of IT healthcare.

However, the increased cost of installing population health management platforms, lack of awareness, and patient data security issues may hinder the market's growth during the forecast period.

Market Segmentation

The global market for population health management has been segmented based on component, solution, delivery mode, and end-user.

Based on components, the global market for population health management has been segmented into hardware, software, and services. The services segment has been further segmented into consulting, training, and education, post-sales and maintenance services, and others.

Based on the solution, the global market for population health management has been divided into data integration and management, analytics, care coordination, and patient engagement. The data integration and management segment have been further segmented into clinical data integration, financial data integration, real-time data exploration, data warehousing, and others. The analytics segment has been divided into point of care decision support, predictive analytics, and others. The patient engagement segment has been segmented into remote monitoring, treatment plan, multimodal communication, monitoring and compliance, and others. The care coordination segment has been divided into care management workflow automation, real-time alerting, clinical reporting, care team coordination, and others.

Based on delivery mode, the global market for population health management has been divided into on-premise, web-based, cloud-based, and app-based.

Based on end-user, the global market for population health management has been segmented into healthcare providers, healthcare payers, government organizations, and others.

Regional Analysis

Regionally, the global market for population health management has been segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa. 

The Americas are anticipated to dominate the market for population health management due to the growing prevalence of chronic diseases in the geriatric population, the involvement of a well-established healthcare system, and government initiatives and favorable policies. As per data released by the Agency for Healthcare Research and Quality (AHRQ) in 2016, over 626 health systems were present in the US, the Compendium of US Health Systems covered 69.7%, and 92% of the total patients were discharged from system hospitals.

The second-largest market in population health management is projected to be the European market. Demand growth in this region can be attributed to government funding, support from the healthcare sector, improved research and development in the healthcare sector and increased healthcare expenditure in the region. As stated by the survey conducted by the Organization for Economic Co-operation and Development (OECD), the total per capita health expenditure in Europe in 2017 was USD 4,077.

The Asia Pacific is projected to be the fastest-growing population health management market size during the assessment period due to the rising prevalence of chronic diseases, rising investment in healthcare, and government initiatives to increase the digitization of the healthcare sector. Countries like China and India face health management challenges due to the rapidly growing population and can provide a platform for business players to pursue potential business opportunities.

The market in the Middle East and Africa is projected to account for the lowest share of the global population health management market due to underdeveloped healthcare, lack of technological expertise, and inadequate medical facilities.

Key Players

Some of the key participants identified by MRFR in the population health management market are Cerner Corporation, Epic Systems Corporation, McKesson Corporation., Health Catalyst., Optum, Inc., Conifer Health Solutions, LLC., Allscripts Healthcare Solutions Inc., Koninklijke Philips N.V., Lumeris, ZeOmega, International Business Machines Corporation (IBM), Healthagen LLC, UnitedHealth Group, and Persivia.

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