Population health management refers to the process of improving the clinical health outcomes of a defined group of individuals through patient engagement and improved care coordination and is supported by financial and care models. Population health management is used to improve the health outcomes of a group by identifying and monitoring patients.
Sizing and Forecast
The population health management market size has grown exponentially in recent years. It will grow from $48.34 billion in 2023 to $58.68 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to public health initiatives, healthcare reform initiatives, shift to value-based care, chronic disease management, rising healthcare costs.
The population health management market size is expected to see exponential growth in the next few years. It will grow to $127.87 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to expansion of value-based care models, focus on chronic disease prevention, integration of big data and analytics, consumer-centric healthcare, healthcare cost containment. Major trends in the forecast period include holistic care integration, health equity and inclusivity, community engagement and outreach, preventive and wellness programs, social determinants of health.
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Segmentation & Regional Insights
The population health management market covered in this report is segmented –
1) By Component: Software, Service
2) By Mode Of Delivery: On Premise, Cloud-Based
3) By End-User: Providers, Payers, Other End-Users
North America was the largest region in the population health management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the population health management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for solutions supporting value-based care delivery by healthcare shareholders is expected to propel the growth of the population health management market going forward. Value-based healthcare is a healthcare delivery framework that encourages healthcare providers to focus on the quality of services rendered as opposed to quantity. Value-based care delivery helps in reducing errors by enhancing workflows and interoperability, and lowers costs while increasing patient satisfaction, allowing executives to monitor and manage care. According to the Healthcare Payment Learning and Action Networks, a US-based group of public and private health care leaders’ APM measurement report, 40.6% of payments across public and private payers were strictly fee-for-service. Meanwhile, 18.1% of payments had some link to quality and value. Thus, the rising demand for solutions supporting value-based care delivery by healthcare shareholders is driving the population health management market.
Key Industry Players
Major companies operating in the population health management market report are McKesson Corporation, General Electric Company, Accenture plc, IBM Corporation, Deloitte Touche Tohmatsu Limited, Optum Inc., Koninklijke Philips NV, Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare LLC, Athenahealth Inc., Evolent Health Inc., Conifer Health Solutions, Cotiviti Inc., Lumeris Inc., MEDecision Inc., The Advisory Board Company, eClinicalWorks LLC., NextGen Healthcare Inc., Health Catalyst Inc., Verscend Technologies Inc., Orion Health Group Ltd., Citra Health Solutions Inc., RedBrick Health Corporation, Lightbeam Health Solutions, Enli Health Intelligence Inc., Persivia Inc., Welltok Inc., Forward Health Group Inc., Arcadia Inc., Health EC LLC, Jvion Inc., ZeOmega Inc.
The population health management market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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