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2022

Population Health Management Market

Population Health Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Component (Software, Services), by Mode of Delivery (On-premise, Cloud-based), by End User (Healthcare Providers, Healthcare Payers, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Shraddha Mali | Roshan Deshmukh
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Population Health Management Market Research, 2031

The global population health management market was valued at $19.2 billion in 2021, and is projected to reach $63.8 billion by 2031, growing at a CAGR of 12.7% from 2022 to 2031. Population health management (PHM) is the process of improving clinical health outcomes for a specific group of people through improved care coordination and patient participation, which is supported by appropriate financial and care models. Its main goal is to gather and evaluate clinical data from a patient's healthcare environment in order to uncover opportunities to improve both the patient's health and the provider's financial outcomes. This concept shifts primary care service delivery from reactive to proactive population management.

Population Health Management Market

It provides comprehensive, authoritative strategies for improving the systems and policies that influence health care quality, access, and outcomes, hence enhancing a population's overall health and driving PHM market. In general, PHM programs use a business intelligence (BI) tool to collect data and give a comprehensive clinical picture of each patient. Clinicians may use the data to track healthcare outcomes and, presumably, improve them while reducing costs.

The drivers contributing to the growth of the PHM market include increase in elderly population, surge in number of per capita healthcare expenditure, and rise in utilization of Internet of things (IoT) for healthcare. Healthcare smart devices for remote health monitoring are in demand owing to its easy availability and data & exchange & interoperability with the physicians. In addition, sure in personalization of medicines, and rise in investments in the healthcare industry significantly boost population health management market growth. However, data breaches and high investment cost may hinder the growth of the market. Conversely, plethora of product development in the upcoming years and key developmental strategies aimed at increasing the awareness and its accessibility by the healthcare providers & players boosts the population health management market opportunity.

Impact of COVID-19
A huge number of clinics and hospitals across the globe were restructured to increase hospital capacity for patients diagnosed with COVID-19. Non-essential procedures took a potential backlog, owing to rapidly rising COVID-19 cases. The lockdown led to disruption of manufacturing and transportation of healthcare essentials. Furthermore, other factors responsible for the impact on the market include limited availability of medical care, shortage of healthcare staff, and rise in burden of COVID-19 related hospitalization. In various countries, the rising frequency of COVID-19 had increased the necessity for reliable diagnostic and treatment equipment. Population health management systems have proven to be quite beneficial in these economies, as they enable healthcare providers to easily combine solutions such as electronic health records (EHR), patient management, and care management. Increase in number of patient population led to the surge in utilization of the EHR and EMR platforms coupled with the use of population health management solutions. Thus, this had a positive impact on the population health management industry.

Population Health Management Market Segmentation

The global population health management market is segmented on the basis of component, mode of delivery, end user, and region. On the basis of component, the market is categorized into software and services. By mode of delivery, it is divided into on-premise and on-cloud. By end user, it is segmented into healthcare providers, healthcare payers and others. The healthcare providers are further segmented into hospitals & physicians groups, ambulatory care centers and others. The healthcare payers are further segmented into public payers and private players. 
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Segment Review
By component, the population health management market size is segmented into software and service. The software segment generated maximum revenue in 2021, and is estimated to reach a high CAGR of 13.2%  during the population health management market forecast period owing to adoption of software solutions by healthcare providers and payers, increase cost-effectiveness, improved operational efficiency, and various product launch. 

Population Health Management Market
By Component
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Software segment held the largest market share in 2021, and is expected to be lucrative during the forecast period

Depending on mode of delivery, the population health management market size is divided into on-premise and on-cloud. The on-premise segment dominated the market in 2021, and is estimated to reach  a CAGR of 12.4% owing to solution personalization, reduced risk of data breaches, and the opportunity to reuse existent servers.  The cloud-based segment is expected to witness highest CAGR of 13.3% during the forecast period owing to higher efficiency, security and increased accessibility.

Population Health Management Market
By Mode Of Delivery
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On-premise segment held the largest market share in 2021, and Cloud-based segment is expected to be lucrative during the forecast period

Depending on end user, the PHM market size is divided into healthcare providers, healthcare payers and others. The healthcare providers segment dominated the market in 2021 and is estimated to reach  a CAGR of 12.2% owing to surge in demand for population health management solutions as they improve clinical outcomes by assisting in disease management and lowering of healthcare cost. The healthcare payers segment is expected to witness highest CAGR of 13.8% during the forecast period, owing to increase in demand for population health management solutions, owing to no third party involvement.

Population Health Management Market
By End User
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Healthcare Providers segment held the largest market share in 2021, and Healthcare Payers segment is expected to be lucrative during the forecast period

Region wise, North America accounted for a majority of the global population health management market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in population health management solutions, integration of advanced software & data analytics, and presence of key players in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in geriatric population, development of healthcare infrastructure and increase in investment projects in the region. Moreover, India and China are expected to witness growth at high CAGR in the PHM industry of Asia-Pacific.

Population Health Management Market
By Region
2031
North America 
Europe
Asia-Pacific
LAMEA

North America held the largest market share in 2021, and Asia-Pacific is expected to be lucrative during the forecast period.

The key players operating in the global population health management market are Allscripts Healthcare Solutions, Inc., Arcadia, AthenaHealth, Inc., Cotiviti, Inc., Eclinicalworks, Cedar Gate Technologies, LLC (Enli Health Intelligence), Epic Systems Corporation, Health Catalyst, Inc., Health EC, LLC., Health Care Service Corporation (Medecision), I2I Population Health, International Business Machines Corporation (IBM Watson Health), Koninklijke Philips N.V (Philips Wellcentive), Lightbeam, Nextgen Healthcare, Inc., Oracle Corporation (Cerner Corporation) and UnitedHealth Group (Optum, Inc.).

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the population health management market analysis from 2021 to 2031 to identify the prevailing population health management market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the population health management market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global population health management market trends, key players, market segments, application areas, and market growth strategies.

Population Health Management Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 63.8 billion

Growth Rate
Growth Rate

CAGR of 12.7%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

302

Population Health Management Market By End User
By End User
  • Healthcare Providers
    • Type
      • Hospitals & Physician Groups
      • Ambulatory Care Centers
      • Others
  • Healthcare Payers
    • Type
      • Public Payers
      • Private Payers
  • Others
Population Health Management Market By Component
By Component
  • Software
  • Services
Population Health Management Market By Mode of Delivery
By Mode of Delivery
  • On-premise
  • Cloud-based
Population Health Management Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Koninklijke Philips N.V (Philips Wellcentive), International Business Machines Corporation (IBM Watson Health), Cotiviti, Inc, Health EC, Llc, Oracle Corporation (Cerner Corporation), Lightbeam, Arcadia, I2I Population Health, Cedar Gate Technologies, Llc (Enli Health Intelligence), Health Catalyst, Inc, Nextgen Healthcare, Inc, Health Care Service Corporation (Medecision), UnitedHealth Group (Optum, Inc), AthenaHealth, Inc., Epic Systems Corporation, Eclinicalworks, Allscripts Healthcare Solutions, Inc.

Analyst Review

This section provides opinions of top level CXOs in the global population health management market. According to the insights of CXOs, leading companies in the market, development of advanced and reliable population health management software & services has led to extensive utilization of these solutions. Increase in demand for patient centric care and value based services is also expected to propel the population health management market. 
The population health management industry holds the high potential, owing to innovative concepts and multidisciplinary expertise demand for new technological advancements in the creation of population health management platforms. The recommendations for them are anticipated to expand with the introduction of new cloud based healthcare solutions for chronic disease management. These solutions are effective and give real-time information, allowing physicians to detect and solve any care gaps within the patient population. This enables a healthcare institution to enhance patient outcomes while curtailing healthcare expenditure.
 

Author Name(s) : Shraddha Mali | Roshan Deshmukh
Frequently Asked Questions?

Increase in elderly population, surge in number of per capita healthcare expenditure, and rise in utilization of Internet of things (IoT) for healthcare are the upcoming trends of population health management market.

Software is the leading component for population health management market.

North America is the largest regional market for population health management market.

The global population health management market was valued at $19,176.22 million in 2021, and is estimated to reach $63,758.84 million by 2031, growing at a CAGR of 12.7% from 2022 to 2031.

2021 is the base year considered for the population health management market.

2021-2031 is the analysis period for population health management market.

Allscripts Healthcare Solutions, Inc., International Business Machines Corporation (IBM Watson Health), Oracle Corporation (Cerner Corporation) are the top companies to hold the market share in population health management market.

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Population Health Management Market

Global Opportunity Analysis and Industry Forecast, 2022-2031