The global Population Health Management Market size was valued at USD 28.8 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 13.5% during the forecast period, reaching a value of USD 64.8 billion by 2030.
Population Health Management Market research report by Future Data Stats, offers a comprehensive view of the market's historical data from 2017 to 2021, capturing trends, growth patterns, and key drivers. It establishes 2021 as the base year, analyzing the market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2022 to 2030, leveraging data analysis techniques to project the market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVERVIEW:
Population Health Management (PHM) is a proactive approach to healthcare that focuses on improving the health outcomes of a defined population. It involves the strategic management of health and wellness across a group of individuals, considering factors such as demographics, social determinants of health, and medical conditions. PHM aims to optimize the health of the population by addressing risk factors, promoting preventive measures, and providing coordinated, patient-centered care.
It involves analyzing data, implementing interventions, and monitoring outcomes to identify and address health disparities, enhance healthcare delivery, and allocate resources efficiently. By taking a holistic view of a population's health, PHM helps healthcare organizations and providers identify and manage the health needs of individuals and achieve better overall health outcomes.
MARKET DYNAMICS:
The Population Health Management market is driven by several factors. The increasing prevalence of chronic diseases, rising healthcare costs, and a growing emphasis on value-based care models are key drivers for the adoption of population health management solutions. Additionally, advancements in healthcare IT infrastructure, such as electronic health records (EHRs) and interoperability, enable the collection and analysis of vast amounts of patient data, facilitating effective population health management. Furthermore, government initiatives and regulations promoting population health management, along with the potential for improved patient outcomes and cost savings, create opportunities for market growth.
However, challenges such as data privacy concerns, interoperability issues, and the complex integration of various healthcare systems and stakeholders act as restraints for market expansion. Despite these challenges, the population health management market presents significant opportunities for healthcare organizations to enhance care delivery, improve population health outcomes, and reduce healthcare costs through proactive and coordinated approaches.
POPULATION HEALTH MANAGEMENT MARKET SEGMENTAL ANALYSIS
BY PRODUCT AND SERVICE:
Software solutions play a crucial role in analyzing and managing population health data, enabling healthcare organizations to identify health trends, track patient outcomes, and develop targeted interventions. Services, including consulting, implementation, training, maintenance, and support, provide valuable assistance in implementing and optimizing population health management strategies. Hardware components, such as medical devices and monitoring tools, are essential for collecting and integrating patient data into population health management systems.
Additionally, other miscellaneous products and services, such as data analytics platforms, telehealth technologies, and patient engagement tools, contribute to the comprehensive ecosystem of population health management solutions. The combination of software, services, hardware, and other offerings provides a holistic approach to population health management, assisting healthcare organizations in improving health outcomes and delivering quality care to defined populations.
BY MODE OF DELIVERY:
Web-based delivery allows users to access the software and services through web browsers, providing flexibility and convenience in remote access and usage. On-premise delivery involves deploying the population health management infrastructure within the healthcare organization's own premises, giving them direct control over the software and data management. Cloud-based delivery, on the other hand, enables the software and data to be hosted and managed on cloud servers, offering scalability, cost-efficiency, and easy accessibility from anywhere with an internet connection. These different modes of delivery cater to the diverse needs and preferences of healthcare organizations, allowing them to choose the most suitable approach for implementing population health management solutions based on their infrastructure, resources, and IT capabilities.
BY END-USER:
Healthcare providers, including hospitals, clinics, ambulatory care centers, physician practices, and other healthcare facilities, form a significant segment of the market. These end-users employ population health management solutions to improve patient care, enhance health outcomes, and optimize resource utilization. Healthcare payers, such as insurance companies, government agencies, employers, and other entities responsible for financing healthcare, also play a crucial role in population health management. Payers utilize population health management solutions to identify high-risk populations, manage costs, and implement preventive measures. By addressing the needs of both healthcare providers and payers, the Population Health Management market supports the collaboration and coordination necessary to deliver comprehensive and efficient care to defined populations.
REGIONAL ANALYSIS:
North America holds the largest market share, with the United States being the major contributor due to its well-established healthcare infrastructure, government initiatives, and increasing demand for value-based care models. Europe is the second-largest market, driven by the adoption of digital healthcare technologies, government initiatives, and rising healthcare costs, with countries such as the United Kingdom, Germany, France, Italy, and Spain playing significant roles.
The Asia Pacific region is expected to grow at the highest compound annual growth rate (CAGR), fueled by increasing healthcare spending, government initiatives, and a rising prevalence of chronic diseases, with major contributions from countries like China, Japan, India, Australia, and South Korea. Latin America and the Middle East and Africa are also projected to experience growth, driven by the adoption of healthcare IT solutions, government initiatives, and increasing healthcare costs, with Brazil, Mexico, Argentina, Saudi Arabia, South Africa, and the UAE being key contributors to these respective regions.
COVID-19 IMPACT:
The COVID-19 pandemic has had a significant impact on the population health management (PHM) market. The outbreak of the virus highlighted the critical need for effective population health management strategies to mitigate the spread of the disease and manage its impact on healthcare systems. PHM solutions played a crucial role in monitoring and tracking COVID-19 cases, facilitating telehealth consultations, managing patient populations, and providing data-driven insights for decision-making. The pandemic accelerated the adoption of digital health technologies and telehealth services, leading to increased demand for PHM solutions. Additionally, the pandemic emphasized the importance of proactive and preventive healthcare approaches, driving the implementation of population health management strategies to identify vulnerable populations, manage chronic diseases, and promote overall population health.
However, the COVID-19 pandemic also presented challenges to the PHM market. Disruptions in healthcare services, resource constraints, and shifting priorities in healthcare systems affected the implementation and utilization of PHM solutions. The focus on immediate crisis response and containment efforts diverted attention and resources from broader population health management initiatives. Nevertheless, the pandemic highlighted the value and potential of PHM in addressing public health crises and ensuring resilience in healthcare systems, leading to renewed emphasis and investments in population health management as part of the post-pandemic healthcare landscape.
TECHNOLOGICAL SOLUTIONS:
Artificial intelligence (AI) is being leveraged to analyze vast amounts of patient data, enabling the identification of patterns and trends to inform strategies and predict health risks. Wearable technology, such as fitness trackers and smartwatches, is playing a significant role in real-time data collection, empowering healthcare providers to make informed decisions and enhance patient outcomes. Telemedicine is revolutionizing healthcare by facilitating remote diagnosis and treatment, improving access to medical services for individuals in underserved areas. Additionally, blockchain technology is being utilized to securely store and share patient health data, promoting interoperability among healthcare IT systems and enabling more efficient and accurate healthcare management. These technological advancements are driving the transformation of the PHM market and paving the way for more proactive and personalized healthcare approaches.
INDUSTRY ANALYSIS:
The Population Health Management market has experienced notable mergers and acquisitions in recent years, such as Cerner Corporation's acquisition of AbleVets in 2018 and Allscripts Healthcare Solutions' acquisition of ZappRx in 2019. The market has also witnessed significant industry developments, including the increasing focus on value-based care, the growing importance of data analytics, and the emphasis on patient engagement. Additionally, there have been several new product launches, such as Cerner Corporation's HealtheLife Care platform and Koninklijke Philips N.V.'s eCareCoordinator platform, which offer tools for patient engagement, care coordination, and data analytics. These market trends and advancements reflect the industry's drive towards more integrated and patient-centric approaches in population health management.
KEY MARKET PLAYERS:
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Optum, Inc. (UnitedHealth Group)
- IBM Corporation
- McKesson Corporation
- athenahealth, Inc.
- Medecision, Inc.
- Health Catalyst, LLC
- HealthEC, LLC
- ZeOmega Inc.
- Verscend Technologies, Inc.
- Arcadia.io
- Innovaccer Inc.
- Orion Health Group Limited
- Premier, Inc.
- Evolent Health, Inc.
- Geneia LLC
- NextGen Healthcare, Inc.
- CareEvolution Inc.
- Lightbeam Health Solutions, LLC
- Citiustech Inc.
- Inovalon Holdings, Inc.
- Persivia Inc.
Table of Contents
I. Introduction
• Definition of Population Health Management
• Scope of the report
• Methodology
II. Market Overview
• Market size and growth potential
• Market segmentation
• Market drivers and restraints
• Industry trends
III. Market Segmentation
By Component
• Software
• Services
By Mode of Delivery
• Cloud-based
• Web-based
• On-premise
By End User
• Healthcare Providers
• Healthcare Payers
• Employer Groups
• Government Bodies
• Others
IV. Regional Analysis
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
V. Competitive Landscape
• Company profiles
• Market share analysis
• Competitive strategies
VI. Market Dynamics
• Market challenges
• Market opportunities
• Porter's Five Forces analysis
• PESTEL analysis
VII. Market Forecast
• Market trends and developments
• Future outlook
VIII. Conclusion
• Summary of key findings
• Recommendations for stakeholders
• Future outlook
POPULATION HEALTH MANAGEMENT (PHM) MARKET SEGMETATION
By Product and Service:
- Software
- Services (Consulting, Implementation, Training, Maintenance, and Support)
- Hardware
- Others
By Mode of Delivery:
- Web-based
- On-premise
- Cloud-based
By End-User:
- Healthcare Providers (Hospitals, Clinics, Ambulatory Care Centers, Physician Practices, and Others)
- Healthcare Payers (Insurance Companies, Government Agencies, Employers, and Others)
By Geography:
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe)
- Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa
Some of the Major Players in the Population Health Management (Phm) Market
- Allscripts Healthcare Solutions, Inc.
- Cerner Corporation
- Koninklijke Philips N.V.
- Epic Systems Corporation
- McKesson Corporation
- Health Catalyst, Inc.
- IBM Corporation
- Optum, Inc. (UnitedHealth Group)
- Athenahealth, Inc.
- Medecision, Inc.
- Verscend Technologies, Inc. (formerly Verisk Health)
- Change Healthcare Holdings, Inc.
- ZeOmega Inc.
- Lumeris, Inc.
- i2i Population Health
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RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
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Primary Research
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Desk Research
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Company Analysis
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• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
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• Company Website • Company Annual Reports • Paid Databases • Financial Reports
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• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
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Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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PRIMARY SOURCES |
DATA SOURCES |
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• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
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• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
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Analyst Tools and Models:
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BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
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· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
Population Health Management Market Dynamic Factors
Drivers:
- Increasing prevalence of chronic diseases: The rising prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and cancer, is driving the demand for solutions.
- Government initiatives: Governments around the world are implementing initiatives aimed at improving healthcare outcomes and reducing healthcare costs. This is driving the adoption of PHM solutions.
- Technological advancements: Advancements in healthcare IT, such as electronic health records (EHRs), telemedicine, and mobile health apps, are driving the adoption of solutions.
- Focus on value-based care: The shift towards value-based care models, which focus on improving patient outcomes and reducing healthcare costs, is driving the adoption of PHM solutions.
Restraints:
- High cost of implementation: The high cost of implementing solutions can be a major barrier for some healthcare providers.
- Lack of interoperability: The lack of interoperability between different healthcare IT systems can hinder the adoption of PHM solutions.
- Data security and privacy concerns: With the increasing use of digital technologies in PHM, concerns around data security and privacy are becoming more significant.
Opportunities:
- Expansion of the market: The PHM is expected to expand significantly in the coming years, driven by factors such as the increasing prevalence of chronic diseases and government initiatives to improve healthcare outcomes.
- Growing adoption of healthcare IT: The growing adoption of healthcare IT, such as EHRs and telemedicine, is creating opportunities for solutions.
- Focus on patient engagement: Patient engagement is becoming increasingly important in healthcare, creating opportunities for PHM solutions that improve patient engagement.
Challenges:
- Resistance to change: Some healthcare providers may be resistant to changing established workflows and processes to implement solutions.
- Lack of standardization: The lack of standardization in healthcare IT systems can hinder the adoption of PHM solutions.
- Data quality: Ensuring the quality of data used in solutions can be a challenge, particularly as data is sourced from multiple systems and providers.
Frequently Asked Questions
