Population Health Management Industry Overview

 

The global population health management market size was estimated at USD 70.0 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2030.

 

The medical industry is rapidly transforming to digitization from a paper-based system, increasing demand for healthcare IT services. In addition, increasing demanda for solutions supporting healthcare providers has resulted in a shift from Fee-For-Service (FFS) to Value-Based Payment (VBP) models. Rising demand for effective disease management strategies is expected to boost market growth.

 

Gather more insights about the market drivers, restrains and growth of the Population Health Management Market

 

During the COVID-19 pandemic, medical institutions were under tremendous strain, and healthcare industry globally was swamped by a high number of patients regularly. The pandemic has increased necessity for reliable diagnostic and treatment solutions. PHM solutions have proven to be extremely beneficial for healthcare providers as they integrate solutions such as care management, electronic health records, and patient management & healthcare payer solutions such as payment and claim management.

 

Population health management system assists as a patient-friendly platform that aids in cost-controlling of treatment. In addition, the platform assists service providers and payers with risk management related to reimbursement policies. In recent years, healthcare system has evolved significantly and has become more patient-centered.

 

In addition, PHM solutions enable healthcare industry to provide patient-centric care and help reduce high medical care costs by reducing readmission and providing appropriate and optimum intervention to patients. Furthermore, rapid global spread of COVID-19 has resulted in demand for electronic data transfer and claim management. This is projected to lead to an increase in use of population health management in forecast period.

 

Browse through Grand View Research's Healthcare IT Industry Research Reports.

 

  • The global laboratory informatics market sizewas estimated at USD 3.68 billion in 2023 and is expected to grow at a CAGR of 5.13% from 2024 to 2030.
  • The global spiritual wellness apps market size was estimated at USD 1.91 billion in 2023 and is projected to grow at a CAGR of 14.4% from 2024 to 2030.

 

Population Health Management Market Segmentation

 

Grand View Research has segmented the global population health management market based on product, delivery mode, end-use, and region.

 

Population Health Management Product Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Software
  • Services

 

Population Health Management Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

 

  • On-Premise
  • Cloud-based

 

Population Health Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Providers
  • Payers
  • Employer Groups

 

Population Health Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

 

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Sweden
    • Norway
    • Denmark
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

 

Key Companies profiled:

 

  • Veradigm LLC
  • Oracle
  • Conifer Health Solutions, LLC
  • eClinicalWorks
  • Enli Health Intelligence (Cedar Gate Technologies)
  • McKesson Corporation
  • Medecision
  • Optum, Inc.
  • Koninklijke Philips N.V.
  • Athenahealth, Inc.
  • Welltok (Virgin Pulse)

 

Key Population Health Management Company Insights

 

  • For instance, in January 2023, Gainwell Technologies was awarded a USD 600 million contract by the California Department of Health Care Services as part of the CalAIM initiative for population health management services.
  • In October 2022, MEDITECH introduced Expanse Population Insight, a population health management product. The product is supported by the Innovaccer Data Platform and offers data aggregation and curation along with care delivery and data analytics.

 

Order a free sample PDF of the Population Health Management Market Intelligence Study, published by Grand View Research.