Population Health Management Market Size, Share, Opportunities, And Trends By Component (Software, Services (Consulting, Implementation, Training, Support)), By Mode Of Operation (Web-based, Cloud-based, On-premises), By End-User (Healthcare Providers, Healthcare Payers, Government Bodies, Employer Groups, Others (Pharmaceutical Companies, Research Institutes)), By Application (Patient Monitoring, Chronic Disease Management, Financial Management, Population Risk Management, Health Data Analytics, Others), And By Geography - Forecasts From 2023 To 2028

The population health management market is projected to grow at a CAGR of 20.51% over the forecast period to reach US$218.776 billion in 2028 from US$59.266 billion in 2021.

The delivery of healthcare is changing as a result of population health management (PHM). By focusing on the health outcomes of entire populations, PHM hopes to lower costs, improve treatment quality, and increase patient satisfaction. Through proactive strategies like wellness programs and preventative treatment, Population Health Management's market growth focuses on the underlying causes of disorders. Utilizing technology and data analytics, it focuses on care coordination to provide integrated and consistent treatment. With the shift to value-based care, healthcare organizations are realizing the significance of PHM in achieving improved health outcomes and cost savings.

Introduction:

A broad approach to healthcare that focuses on improving the health outcomes of a specific population is called population health management (PHM). It entails collecting, analyzing, and managing health data to identify health risks, making decisions about appropriate actions, and monitoring the effectiveness of healthcare programs. The services, technology, and tools are necessary to develop and promote population health management projects which will lead to the population health management market growth. Applications, data analytics equipment, medical management systems, and patient involvement apps are among the many solutions included.

The rapidly expanding population health management market size aims to improve the health of predefined populations through coordinated treatment and data-driven initiatives. With the increasing use of value-based approaches to care and advancements in technology, it is anticipated that PHM will play a significant role in determining the course of the future delivery of healthcare and the outcomes for population health.

Products and Services by Key Companies:

• Cerner: In terms of health technology solutions, Cerner is a global leader. They offer community health management applications that make risk classification simpler, allow care coordination, and combine data from multiple sources.
• Epic: EHR systems and solutions for population health management are widely available from Epic. Their systems make it possible to save money and improve outcomes through data collection, analytics, and population health initiatives.
• Philips: It uses its expertise in healthcare technology and data analytics to offer solutions for population health management. In a variety of situations, their platforms enable risk classification, care coordination, and patient tracking.
• McKesson: Value-based care can be delivered with the help of population health management systems offered by McKesson. Analytics, devices for care coordination, and features for patient interaction are all part of their systems.

Drivers:

• Increasing focus on value-based care:

Organizations are making use of population health management (PHM) strategies to cut costs, get better results, and make patients happy as healthcare moves toward value-based models.. Healthcare organizations believe that PHM is essential for the transition to value-based care, which aims to improve care coordination, patient outcomes, and cost savings through the development of technology.

• Technological Advancements:

Population health management (PHM) makes use of data analytics, machine learning, AI, telemedicine, and electronic health records (EHRs). Through the widespread adoption of EHRs and AI/ML algorithms that consistently anticipate patient outcomes, PHM maximizes treatment, resource utilization, and healthcare outcomes. The PHM industry is advancing as a result of technological development.

• Growing demand for data analytics:

In population health management, data analytics, which makes use of numerous health data sources, is essential. CMS's QPP and MSSP programs encourage healthcare providers to use analytics to improve service quality and outcomes for population health. By extracting insights, identifying patterns, and projecting health hazards, analytics technologies make it possible to make decisions based on information and improve population health outcomes.

• Emphasis on preventive care and wellness:

To save lives and prevent illness, population health management places a high priority on wellness and preventative care programs. The goal of PHM is to lessen the incidence of chronic diseases and lower the cost of healthcare by employing proactive strategies like risk assessments, health promotion, and screenings. Businesses are offering incentives and screenings to encourage healthy behaviors, so the idea of incorporating wellness programs into PHM is gaining traction.

• Collaborative care models and care coordination:

Population health management is being advanced by the implementation of shared care models like healthcare teams and care coordination. PHM improves treatment outcomes by encouraging healthcare workers to participate and work together. Mental health outcomes have been improved by collaborative care strategies supported by evidence. Carrying out care coordination innovations, for example, encoded interchanges and shared care plans, limits clinic affirmations and increments patient fulfillment.

The population health management market is set to boost at a steady rate in the forecast period.

The market for population health management is segmented by component, mode of operation, application, end-user, and geography. The mode of Operations is further segmented into web-based, on-premises, and cloud-based. The end-user is further segmented into healthcare providers, healthcare payers, government bodies, and employer groups.

North America, particularly the United States, is regarded as a prominent region in the population health management market.

Geographically, North America leads the population health management market share in healthcare technology. EHRs, data analytics, and value-based care models like the Medicare Shared Savings Programme (MSSP) have all been implemented in this region. Population health management projects are based on the well-developed healthcare infrastructure of North America. However, issues like the fragmentation of the healthcare system, a lack of interoperability, and collaboration among stakeholders persist. Decentralized systems, data security, socioeconomic disparities, reimbursement mechanisms, and health synchronization are additional factors to consider. For population health management programs in North America to be successfully implemented and expanded, these concerns must be addressed.

Recent Developments:

• In February 2023, together with the Nova Scotia Health Authority and IWK Health, the province of Nova Scotia signed a new 10-year contract with Oracle Cerner to create an integrated electronic care record for the more than one million people who live there. This innovation can reform how well-being experts use and offer patient information.
• In April 2023, Epic Systems and Microsoft are working together for the first time to incorporate generating AI technology into their software for electronic health records. Using Microsoft's OpenAI Azure Service, health systems that use Epic's EHR system will soon be able to run generative AI solutions. OpenAI's language model GPT-4 capabilities are utilized in Microsoft's Azure cloud solution.
• In October 2022, the cutting-edge pharmaceutical distribution center that McKesson Corporation opened in Jeffersonville, Ohio, which is conveniently located between Cincinnati and Columbus. Clients all through Ohio, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia will profit from the new office's conveyance of drug, over-the-counter (OTC), and home medical services (HHC) things, as well as purchaser bundled products (CPG).

Population Health Management Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$59.266 billion
Market Size Value in 2028	US$218.776 billion
Growth Rate	CAGR of 20.51% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Technology Material Mode Of Application End-User Geography
Companies Covered	Cerner Corporation Allscripts Healthcare Solutions, Inc. McKesson Corporation Optum, Inc. (UnitedHealth Group) IBM Corporation
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Segmentation

• BY COMPONENT
  • Software
  • Services (Consulting, Implementation, Training, Support)
• BY MODE OF OPERATION
  • Web-based
  • Cloud-based
  • On-premises    
• BY END-USER
  • Healthcare Providers
  • Healthcare Payers
  • Government Bodies
  • Employer Groups
  • Others (Pharmaceutical Companies, Research Institutes)
• BY APPLICATION
  • Patient Monitoring
  • Chronic Disease Management
  • Financial Management
  • Population Risk Management
  • Health Data Analytics
  • Others  
• BY GEOGRAPHY
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain    
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2.  Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. POPULATION HEALTH MANAGEMENT MARKET BY COMPONENT

5.1. Introduction

5.2. Software

5.3. Services (Consulting, Implementation, Training, Support) 

6. POPULATION HEALTH MANAGEMENT MARKET BY MODE OF OPERATION

6.1. Introduction

6.2. Web-based

6.3. Cloud-based

6.4. On-premises     

7. POPULATION HEALTH MANAGEMENT MARKET BY END-USER

7.1.  Introduction

7.2.  Healthcare Providers

7.3. Healthcare Payers

7.4. Government Bodies

7.5. Employer Groups

7.6. Others (Pharmaceutical Companies, Research Institutes) 

8. POPULATION HEALTH MANAGEMENT MARKET BY APPLICATION

8.1. Introduction

8.2. Patient Monitoring

8.3. Chronic Disease Management

8.4. Financial Management

8.5. Population Risk Management

8.6. Health Data Analytics

8.7. Others   

9. POPULATION HEALTH MANAGEMENT MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. United States

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Italy

9.4.5. Spain

9.4.6. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Others

9.6. Asia Pacific

9.6.1. Japan

9.6.2. China

9.6.3. India

9.6.4. South Korea

9.6.5. Indonesia 

9.6.6. Taiwan

9.6.7. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2.  Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

11. COMPANY PROFILES

11.1. Cerner Corporation

11.2. Allscripts Healthcare Solutions, Inc.

11.3. McKesson Corporation

11.4. Optum, Inc. (UnitedHealth Group)

11.5. IBM Corporation

11.6. Epic Systems Corporation

11.7. Conifer Health Solutions, LLC

11.8. Philips Healthcare

11.9. Athenahealth (a subsidiary of Veritas Capital)

11.10. Health Catalyst 

Cerner Corporation

Allscripts Healthcare Solutions, Inc.

McKesson Corporation

Optum, Inc. (UnitedHealth Group)

IBM Corporation

Epic Systems Corporation

Conifer Health Solutions, LLC

Philips Healthcare

Athenahealth (a subsidiary of Veritas Capital)

Health Catalyst