Market Scenario
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 population health management market value can worth high by the end of the review period. COVID 19 study for the health management market is released along with the report. The availability of different information technology resources that can support population health management ecosystem can aid market to surge. The growing cognizance of population health management, such as bringing improvement in clinical outcomes and in the lowering of treatments costs, can further favor the market expansion. Increase in need for continuous care and surveillance, the rise in the adoption of healthcare IT, and surge in government support are other causes that can drive the market along the study period. Hike in cost of installation and patient data security concerns can resist the upsurge of the population health management market in the assessment period.
The Population Health Management Market is thriving, driven by the growing demand for solutions provided by population health companies. These companies offer comprehensive tools and strategies to improve health outcomes across diverse communities. With a focus on preventive care and data analytics, population health management initiatives aim to reduce healthcare costs and enhance patient well-being, fostering market growth.
Market Segmentation
The segment evaluation of the global population health management market is done by solution, component, end-user, and delivery mode.
The component-based segments of the population health management market are software, hardware, and services. The services sub-segments are training, consulting, post-sales, education, and maintenance services among others.
The solution-based segments of the population health management market are analytics, data integration and management, care coordination, and patient engagement. The data integration and management sub-segments are financial data integration, clinical data integration, real-time data exploration, and data warehousing others. The analytics sub-segments are predictive analytics, and point of care decision support among others. The patient engagement sub-segments are multimodal communication, remote monitoring, treatment plan, and monitoring and compliance others. The care coordination sub-segments are real-time alerting, care management workflow automation, care team coordination, and clinical reporting among others.
The delivery mode-based segments of the population health management market are web-based, on-premise, app-based, and cloud-based.
The market, by end-user, has been segmented into healthcare providers, healthcare payers, government organizations, and others.
Regional Market Summary
The Americas can dominate the global population health management market as the increase in prevalence of chronic health ailments in the aging population and a well-established healthcare system is observed to emerge. The existence of government initiatives and affordable policies are expected to provide thrust to the regional population health management market in the review period.
In Europe, the population health management market size is anticipated to acquire the second-largest share of the world market by 2023. The regional market surge can be attributed to the rise in funding from the government and increase in support to improve the healthcare sector. Further, the growing demand for increase in research can support EU health population management market in the near future.
In Asia Pacific, the population health management market can thrive through the forecast period as chronic diseases become more prevalent and increase in investments in the healthcare domain, along with the penetration of better digital solutions can favor the regional market. India can encounter is observed to have decent health management services and solutions that provide a platform for marketers to explore several opportunities.
Key Players
Allscripts Healthcare Solutions Inc., McKesson Corporation., Cerner Corporation, Epic Systems Corporation, and Health Catalyst. , International Business Machines Corporation (IBM), Optum, Inc., Koninklijke Philips N.V., Lumeris, Conifer Health Solutions, LLC. ZeOmega, Persivia, and Healthagen LLC, UnitedHealth Group are some prominent names in the population health management market that are listed by MRFR.
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