Global Population health management (PHM) market Analysis by Component, Application, End Users, Region and segments forecast till 2033
Market Overview
Global Population health management (PHM) market was worth USD 27,890 million in 2022 and is anticipated to reach a value of USD 73,610 million by 2033, amplifying at a CAGR of 12.9%.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 27,890 Million |
Market Forecast in 2033 | USD 73,610 Million |
CAGR % 2023-2033 | 12.9% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Epic Systems Corporation, Koninklijke Philips, i2i Population Health, Health Catalyst, Optum, Enli Health Intelligence, eClinicalWorks ,Orion Health, Allscripts Healthcare Solutions, IBM Corporation, HealthEC LLC, Medecision, Arcadia, athenahealth, Cerner Corporation, Cotiviti, NextGen Healthcare, Inc., Conifer Health Solutions, SPH Analytics, Lightbeam Health Solutions, Innovaccer, Citra Health Solutions, Evolent Health, Inc., Lumeris, Forward Health Group, and Others. |
Global Population health management (PHM) market- Description
Population health management is referred to the approaches used by healthcare authorities to monitor and enhance clinical health outcomes of a community using favorable patient care and financial models. These solutions enable healthcare professionals to provide efficient patient-centric medical care, while reducing excessive treatment costs. Mobile health units, telemedicine, and transport systems are the pivotal tools used to facilitate population health management activities. The increasing prevalence of lifestyle and chronic diseases, rise in healthcare expenditure, and integration of innovative technologies in the field are positively swaying the industry dynamics. Furthermore, favorable government incentives to support healthcare IT solutions, rising adoption of big data analysis, and surging emphasis on personalized medicines are adding momentum to the market progression.
Also, economic developments across various nations, increasing internet penetration, and constant efforts by market players to introduce innovative health management solutions are aiding the market expansion. Moreover, the outrage of the coronavirus pandemic largely contributed to the growth of this market sphere. The rapid surge in infection rates increased the demand for accurate diagnosis and treatment facilities. Further, it also resulted in the need to constantly monitor the health of masses, which in turn escalated the demand for population health management services across the globe. On the contrary, lack of cognizance regarding the availability of these solutions coupled with concerns regarding patient data privacy are hampering the market remuneration scope.
Global Population health management (PHM) market- Key trends
· Growing demand for healthcare cost reduction is augmenting industry outlook
There has been a widespread demand for curtailing the costs of clinical facilities so as to ensure that no section of the society remains deprived of healthcare facilities. The integration of population health management tools enables clinicians to take informed clinical decisions, while ensuring affordable treatment options for the patients. In fact, these solutions also allow patients to get deep dive insights on their present health condition and helps them chose the most convenient and cost effective treatment facilities.
· Rising adoption of advanced technology in healthcare to create lucrative market growth opportunities
With the immense technological advancements in the field of healthcare IT, market players have developed a wide array of innovative mass health management tools. The integration of block chain technology, electronic health record analytics, among others in the clinical sector has designed a new dimension for public health management. This in turn is stimulating the overall market outlook.
Global Population health management (PHM) market- Segmental Analysis
By Component
• Software
• Services
The services segment presently leads the overall market owing to the emergence of various value based care and strategic consulting healthcare services globally.
By Mode of delivery
• Web-based
• On Premise
• Cloud based
The cloud based segment is slated to amass notable gains over 2023-2033 ascribing to the ease of use and affordability of cloud based health IT solutions.
By end-users
• Healthcare Providers
• Healthcare Payers
• Government Bodies
• Others
The healthcare providers segment is projected to amplify significantly over the assessment timeframe. This is credited to the surging pervasiveness of chronic ailments, increasing hospital admission rates, and rising healthcare expenditure.
Global Population health management (PHM) market- Geographical landscape
The major regions defining the geographical terrain of this business sphere are North America, Middle East & Africa, Europe, Latin America, and Asia Pacific. Among these, North America is anticipated to expand with a substantial CAGR. This is attributable to rapid technological innovations in the field, increasing healthcare expenditure, and rising R&D investments in the healthcare IT domain.
Global Population health management (PHM) market- Recent Developments
· Notably, in March 2021 Philips Healthcare (Netherlands) inked a strategic partnership deal with openDoctor (U.S.) to jointly develop a seamless radiological patient engagement platform.
Global Population health management (PHM) market: Key Companies
· Epic Systems Corporation
· Koninklijke Philips
· i2i Population Health
· Health Catalyst
· Optum
· Enli Health Intelligence
· eClinicalWorks
· Orion Health
· Allscripts Healthcare Solutions
· IBM Corporation
· HealthEC LLC
· Medecision
· Arcadia
· Athenahealth
· Cerner Corporation
· Cotiviti
· NextGen Healthcare, Inc.
· Conifer Health Solutions
· SPH Analytics
· Lightbeam Health Solutions
· Innovaccer
· Citra Health Solutions
· Evolent Health, Inc.
· Lumeris
· Forward Health Group
· Others
Global Population health management (PHM) market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
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Frequently Asked Questions
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1. Global Population Health Management Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Population Health Management Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Population Health Management Market Scope and Market Estimation
1.4.1. Global Population Health Management Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Population Health Management Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Population Health Management Market Segmentation
1.5.1. Component of Global Population Health Management Market
1.5.2. Mode of Delivery of Global Population Health Management Market
1.5.3. End Users of Global Population Health Management Market
1.5.4. Key Regions of Population Health Management Market
2. Global Population Health Management Market - Executive Summary
2.1. Global Population Health Management Market – Summary & Snapshot
2.2. Global Population Health Management Market, By Component (US$ Million)
2.3. Global Population Health Management Market, By Mode of Delivery (US$ Million)
2.4. Global Population Health Management Market, By End Users (US$ Million)
2.5. Global Population Health Management Market, By Geography (US$ Million)
2.6. Global Population Health Management Market Outlook & Future Opportunities
3. Population Health Management Market Trends, Outlook, and Factors Analysis
3.1. Global Population Health Management Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Population Health Management Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Population Health Management Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. The overall cost of healthcare delivery has grown significantly over the past few decades and these records help in understanding why so and make necessary changes.
3.2.2. Restraints
3.2.2.1. Population Health Management programs are very costly and require huge investments to set up one of these
3.2.3. Opportunities
3.2.3.1. Advanced analytics and predictive modeling applications, help in organizations to treat patients in a very personalized way.
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Population Health Management Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Population Health Management Market
3.9.1. By Component
3.9.2. By Mode of Delivery
3.9.3. By End Users
3.9.4. By Regions
4. Global Population Health Management Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Population Health Management Market, 2020 – 2021 (US$ Million)
4.2. Global Population Health Management Market, By Component, 2020 To 2021 (US$ Million)
4.3. Global Population Health Management Market, By Mode of Delivery, 2020 To 2021 (US$ Million)
4.4. Global Population Health Management Market, By End Users, 2020 To 2021 (US$ Million)
4.5. Global Population Health Management Market, By Region, 2020 To 2021 (US$ Million)
5. Global Population Health Management Market Estimates & Forecast Trend Analysis, by Component
5.1. Global Population Health Management Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033
5.2. Global Population Health Management Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033
5.2.1. Software
5.2.2. Services
6. Global Population Health Management Market Estimates & Forecast Trend Analysis, by Mode of Delivery
6.1. Global Population Health Management Market Share (%) Estimates and Forecasts, By Mode of Delivery, 2022 & 2033
6.2. Global Population Health Management Market Revenue (US$ Million) Estimates and Forecasts, by Mode of Delivery, 2022 to 2033
6.2.1. Web-based
6.2.2. On Premise
6.2.3. Cloud -Based
7. Global Population Health Management Market Estimates & Forecast Trend Analysis, by End Users
7.1. Global Population Health Management Market Share (%) Estimates and Forecasts, By End Users, 2022 & 2033
7.2. Global Population Health Management Market Revenue (US$ Million) Estimates and Forecasts, by End Users, 2022 to 2033
7.2.1. Healthcare Providers
7.2.2. Healthcare Payers
7.2.3. Government bodies
7.2.4. Other End Users
8. Global Population Health Management Market Analysis and Forecast, by Region
8.1. Global Population Health Management Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
8.2. Global Population Health Management Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Population Health Management Market: Estimates & Forecast Trend Analysis
9.1. North America Population Health Management Market Assessments & Key Findings
9.2. North America Population Health Management Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Population Health Management Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
9.3.1. By Component
9.3.2. By Mode of Delivery
9.3.3. By End Users
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Population Health Management Market: Estimates & Forecast Trend Analysis
10.1. Europe Population Health Management Market Assessments & Key Findings
10.2. Europe Population Health Management Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Population Health Management Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Component
10.3.2. By Mode of Delivery
10.3.3. By End Users
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Population Health Management Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Population Health Management Market Assessments & Key Findings
11.2. Asia Pacific Population Health Management Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Population Health Management Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
11.3.1. By Component
11.3.2. By Mode of Delivery
11.3.3. By End Users
11.3.4. By Application
11.3.5. By Major Country
11.3.5.1. China
11.3.5.2. Japan
11.3.5.3. India
11.3.5.4. ASEAN
11.3.5.5. South Korea
11.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Population Health Management Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Population Health Management Market Assessments & Key Findings
12.2. Middle East & Africa Population Health Management Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Population Health Management Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
12.3.1. By Component
12.3.2. By Mode of Delivery
12.3.3. By End Users
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Population Health Management Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Population Health Management Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Population Health Management Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Component
13.3.2. By Mode of Delivery
13.3.3. By End Users
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Population Health Management Market Revenue Share Analysis (%), By Major Players (2021)
14.2. Population Health Management Market Competition Matrix, By Leading Players
14.3. Population Health Management List of Emerging, Prominent & Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
15. Company Profiles
15.1. Cerner Corporation
15.1.1. Company Overview & Insights
15.1.2. Financial PerMode of Deliveryance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Epic Systems Corporation
15.3. Koninklijke Philips
15.4. i2i Population Health
15.5. Health Catalyst
15.6. Optum
15.7. Enli Health Intelligence
15.8. eClinicalWorks
15.9. Orion Health
15.10. Allscripts Healthcare Solutions
15.11. IBM Corporation
15.12. HealthEC LLC
15.13. Medecision
15.14. Arcadia
15.15. athenahealth
15.16. Cotiviti
15.17. NextGen Healthcare, Inc.
15.18. Conifer Health Solutions
15.19. SPH Analytics
15.20. Lightbeam Health Solutions
15.21. Innovaccer
15.22. Citra Health Solutions
15.23. Evolent Health, Inc
15.24. Lumeris
15.25. Forward Health Group
15.26. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Components
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
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