The latest research study “Population Health Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global population health management market size reached US$ 60.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 194.3 Billion by 2028, exhibiting a growth rate (CAGR) of 19.2% during 2023-2028.
Population health management (PHM) is a robust and holistic approach to collecting and examining the health-related data of a patient. It involves care coordination, integration, patient engagement, value-based care measurement, data analytics, etc. Population health management focuses on improving the overall patient experience and easing healthcare outcomes. It reduces readmission rates and ensures appropriate and optimum interventions. Population health management also assists in providing real-time access to medical information to both patients and healthcare professionals. As a result, it finds widespread utilization among healthcare providers, government bodies, and private medical organizations.
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Population Health Management Market Trends and Drivers:
The escalating demand for these solutions to provide continuous surveillance and care to the patients, on account of the increasing prevalence of cardiological and neurological conditions, is among the primary factors driving the population health management market.
Besides this, the incorporation of advanced analytics technologies that assist in the digital delivery of data, faster and accurate diagnoses, and the generation of precise models for analyzing disease trajectories is further augmenting the market growth. Apart from this, the rising popularity of the population health management approach to deliver individualized care based on the genetics, behavior, and environment of the patient is also catalyzing the global market.
Moreover, the growing geriatric population, which is prone to acute chronic ailments, is acting as another significant growth-inducing factor. Furthermore, the launch of favorable policies by the government bodies to promote public health and the expanding medical sector are expected to bolster the population health management market in the coming years.
Global Population Health Management Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, eClinicalWorks, Health Catalyst Inc., International Business Machines Corporation, Koninklijke Philips N.V., Lightbeam Health Solutions, McKesson Corporation, Nextgen Healthcare Inc., Optum Inc. (UnitedHealth Group Incorporated) and Symphony Performance Health Inc. (Press Ganey Associates).
The report has segmented the market on the basis of region, component, mode of delivery and end user.
Breakup by Component:
- Software
- Services
Breakup by Mode of Delivery:
- Cloud-based
- Web-based
- On-premises
Breakup by End User:
- Healthcare Providers
- Healthcare Payers
- Employer Groups
- Government Bodies
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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