USD 68.2 billion
Global Population Health Management Market Size, Share, Growth Analysis, By Component(Software and services), By Application(Healthcare providers, healthcare payers and others) - Industry Forecast 2024-2031
Report ID:
SQMIG35G2162 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
60 |
Figures:
75
Global Population Health Management Market Insights
Population Health Management Market size was valued at USD 68.2 billion in 2021 and is poised to grow from USD 81.36 billion in 2022 to USD 333.85 billion by 2030, growing at a CAGR of 19.3% during the forecast period (2023-2030).
Global Population Health Management Market is experiencing significant growth and transformation due to the increasing focus on improving healthcare outcomes and reducing healthcare costs. Population health management refers to the strategic management of health conditions and risk factors across a defined population. The market is driven by various factors, including the rising prevalence of chronic diseases, growing geriatric population, and the need for efficient and cost-effective healthcare solutions. Advances in technology, such as electronic health records (EHRs), data analytics, and telehealth, have played a vital role in enabling population health management initiatives. These technologies allow healthcare providers to collect, analyze, and utilize patient data to identify high-risk individuals, personalize interventions, and monitor health outcomes. Additionally, government initiatives promoting value-based care and accountable care organizations (ACOs) have further propelled the adoption of population health management solutions. The market is characterized by the presence of numerous players offering a wide range of solutions, including software platforms, consulting services, and outsourced care management services. The market is expected to witness continued growth in the coming years as healthcare organizations increasingly recognize the potential of population health management in improving patient outcomes, enhancing operational efficiency, and reducing healthcare costs.
US Population Health Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Software
Fastest Growth
Software
Growth Rate
19.3% CAGR
Global Population Health Management Market ($ Bn)
Country Share for North America Region (%)
Global Population Health Management Market By Component ($ Bn)
Global Population Health Management Market By Component (%)
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Global Population Health Management Market Segmental Analysis
Global Population Health Management Market is segmented by component, application, and region. Based on component, the market can be segmented into Software and services. Based on application, the market is segmented into Healthcare providers, healthcare payers and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Population Health Management Market Analysis by Component
The dominant segment in the Global Population Health Management Market is software. Software solutions play a crucial role in population health management by providing robust platforms for data collection, analysis, and decision-making. These software applications enable healthcare providers to aggregate and analyze patient data, identify high-risk populations, and implement targeted interventions to improve health outcomes. Software solutions offer scalability, flexibility, and customization options, making them the preferred choice for healthcare organizations seeking to enhance their population health management capabilities.
The fastest-growing segment in the Global Population Health Management Market is services. While software holds a dominant position, services are experiencing rapid growth due to the complex nature of population health management initiatives. Service providers assist in developing strategies, implementing software solutions, analyzing data, and providing ongoing support. With the increasing emphasis on population health management and the need for seamless implementation and management of these programs, the demand for services is expected to grow significantly in the coming years. Service providers bring domain knowledge, technical expertise, and operational support to healthcare organizations, helping them achieve their population health goals effectively.
Population Health Management Market Analysis by Application
The dominant segment in the Global Population Health Management Market based on application is healthcare providers. Healthcare providers, including hospitals, clinics, and medical practices, are the primary users of population health management solutions. These organizations are increasingly adopting population health management strategies to improve patient outcomes, enhance care coordination, and manage the health of their patient populations proactively. Population health management solutions empower healthcare providers to collect and analyze patient data, identify high-risk individuals, and implement targeted interventions to prevent and manage chronic diseases. With the shift towards value-based care and population health management initiatives, healthcare providers are driving the demand for population health management solutions.
The fastest-growing segment in the Global Population Health Management Market based on application is healthcare payers. Healthcare payers, such as insurance companies, government payers, and employer-sponsored health plans, are recognizing the value of population health management in managing healthcare costs and improving member health. Payers are increasingly investing in population health management solutions to identify high-risk members, implement preventive care strategies, and improve care coordination. These solutions help payers in risk stratification, utilization management, and monitoring health outcomes, ultimately leading to cost savings and improved member satisfaction. With the growing focus on value-based reimbursement models and the need to manage population health at a broader level, healthcare payers are driving the growth of the population health management market in their segment.
Global Population Health Management Market By Component, 2023 (%)
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Global Population Health Management Market Regional Insights
North America dominated the Global Population Health Management Market. North America holds the largest market share in population health management due to the presence of well-established healthcare infrastructure, extensive adoption of healthcare IT solutions, and government initiatives promoting population health management. The region has a strong focus on value-based care models and has witnessed early adoption of population health management strategies by healthcare providers and payers.
The fastest-growing region in the Global Population Health Management Market based on region is Asia Pacific. The Asia Pacific region is experiencing rapid growth in population health management due to the increasing prevalence of chronic diseases, rising healthcare expenditure, and the adoption of digital healthcare technologies. Governments in countries like China, India, and Japan are actively promoting population health management initiatives to address the growing healthcare challenges and improve patient outcomes. The region's expanding healthcare infrastructure and growing awareness about the benefits of population health management are driving the market growth in the Asia Pacific region.
Global Population Health Management Market By Geography, 2024-2031
- Largest
- Fastest
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Global Population Health Management Market Dynamics
Population Health Management Market Drivers
Increasing prevalence of chronic diseases
- One key driver of the Global Population Health Management Market is the increasing prevalence of chronic diseases. The rising burden of chronic conditions, such as diabetes, cardiovascular diseases, and respiratory disorders, has led to a growing need for effective population health management strategies. Population health management solutions provide healthcare organizations with the tools and capabilities to identify high-risk individuals, implement preventive measures, and manage chronic diseases more efficiently. By addressing the challenges posed by chronic diseases, population health management contributes to better health outcomes and reduced healthcare costs.
Population Health Management Market Restraints
Complexity of data integration and interoperability
- One key restraint of the Global Population Health Management Market is the complexity of data integration and interoperability. The successful implementation of population health management relies on the seamless integration and interoperability of healthcare data from various sources, such as electronic health records, health information exchanges, and wearable devices. However, the healthcare industry faces challenges in harmonizing disparate data sources, ensuring data privacy and security, and establishing interoperability standards. The lack of standardized data formats and interoperability barriers pose obstacles to the effective utilization of population health management solutions, hindering their widespread adoption and optimal functionality. Efforts to address these challenges, such as interoperability initiatives and data standardization efforts, are crucial to unlocking the full potential of population health management.
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Global Population Health Management Market Competitive Landscape
The competitive landscape of the Global Population Health Management Market is characterized by intense competition and the presence of numerous players offering a wide range of software solutions and services. Market players strive to differentiate themselves by providing innovative population health management platforms that enable effective data collection, analysis, and care coordination. They focus on developing user-friendly interfaces, robust analytics capabilities, and interoperable solutions to meet the diverse needs of healthcare providers and payers. Partnerships, collaborations, and mergers and acquisitions are common strategies employed by players to expand their market presence and enhance their technological capabilities. With the market's continued growth, competition is expected to intensify, driving further advancements and advancements in population health management solutions.
Population Health Management Market Top Player’s Company Profiles
- Cerner Corporation (US)
- Allscripts Healthcare, LLC (US)
- Deloitte Touche Tohmatsu Limited (UK)
- GE Healthcare (General Electric Company) (US)
- International Business Machines Corporation (IBM) (US)
- Koninklijke Philips N.V. (Netherlands)
- McKesson Corporation (US)
- UnitedHealth Group (US)
- Medecision (US)
- Epic Systems Corporation (US)
- Athenahealth, Inc. (US)
- Health Catalyst (US)
- Optum, Inc. (US)
- Cognizant Technology Solutions Corporation (US)
- HealthEC (US)
- NextGen Healthcare, Inc. (US)
- eClinicalWorks (US)
- Change Healthcare (US)
- Inovalon Holdings, Inc. (US)
- 3M Health Information Systems (US)
Population Health Management Market Recent Developments
- In July 2021, Healthix and The Garage announced a partnership to launch a specialized population health management platform called Municipal for Healthix membership.
- In June 2021, UnitedHealth Group announced the acquisition of Change Healthcare, which includes a population health management component.
- In June 2021, Emtiro Health, LLC, and Innovaccer Inc. announced a partnership to develop a population health analytics platform for the North Carolina Managed Medicaid care launch.
- In May 2021, CVS Health announced the acquisition of Aetna, which includes a population health management component.
- In April 2021, Optum and the Advisory Board Company announced a merger that combines Optum's population health management capabilities with the Advisory Board Company's technology and analytics.
- In March 2021, Humana acquired the population health technology company, Genoa Healthcare.
- In January 2021, Cerner Corporation and Change Healthcare announced a strategic partnership to combine Cerner's population health management (PHM) capabilities with Change Healthcare's claims and analytics offerings.
Global Population Health Management Key Market Trends
- One key market trend in the Global Population Health Management Market is the increasing emphasis on value-based care and outcomes-driven healthcare models. Healthcare organizations and payers are shifting their focus from volume-based care to value-based care, where the emphasis is on achieving better patient outcomes and improving the overall health of populations. Population health management plays a crucial role in this trend by enabling healthcare providers to identify high-risk individuals, personalize interventions, and measure the effectiveness of their care strategies. The integration of population health management solutions with value-based reimbursement models and accountable care organizations (ACOs) is driving the adoption of population health management strategies and technologies to optimize patient outcomes and reduce healthcare costs.
Global Population Health Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Population Health Management Market analysis, the market is experiencing significant growth and transformation driven by the increasing focus on improving healthcare outcomes and reducing costs. The market is dominated by software solutions that enable healthcare providers to collect and analyze patient data, identify high-risk populations, and implement targeted interventions. Services, including consulting and care management, are also growing rapidly due to the complexity of population health management initiatives. North America leads the market, while the Asia Pacific region shows the fastest growth. Key drivers include the rising prevalence of chronic diseases and government initiatives promoting value-based care. However, the complexity of data integration and interoperability poses a restraint. The market is highly competitive, with numerous players offering innovative solutions. Recent trends include the emphasis on value-based care and outcomes-driven healthcare models. Overall, the market is becoming integral in improving patient outcomes, enhancing care coordination, and reducing healthcare costs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 68.2 billion |
| Market size value in 2031 | USD 333.85 billion |
| Growth Rate | 19.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Population Health Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Population Health Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Population Health Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Population Health Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Population Health Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Population Health Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Population Health Management Market Report Snapshots
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