Population Health Management Market to Skyrocket at 20.7% CAGR, Projected to Reach USD 160.23 Billion by 2032

Global Population Health Management (PHM) Market to Surpass USD 160.23 Billion by 2032, Driven by Rising Prevalence of Chronic Diseases and Increasing Healthcare Costs The global Population Health Management (PHM) market, valued at USD 29.47 billion in 2022, is projected to achieve significant growth with a revenue CAGR of 20.7% during the forecast period. PHM involves analyzing patient data and implementing targeted interventions to improve population health outcomes. Factors such as the increasing prevalence of chronic diseases, rising healthcare costs, and the shift towards value-based healthcare contribute to the market's revenue growth.

The rising prevalence of chronic diseases, including diabetes, cardiovascular diseases, and cancer, is a major driver for the PHM market. Chronic diseases account for 71% of all deaths globally, with the burden expected to escalate due to factors like an aging population and unhealthy lifestyles. Rising healthcare costs further fuel the market growth, as PHM can help reduce expenses by improving overall population health outcomes and minimizing costly medical interventions.

The shift towards value-based healthcare, which prioritizes quality outcomes over the quantity of services provided, also contributes to the PHM market's revenue growth. PHM plays a vital role in enhancing population health outcomes within this model.

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Some of the major companies in the global Population Health Management (PHM) market are:

• Allscripts Healthcare Solutions, Inc.
• Cerner Corporation
• Conifer Health Solutions, LLC
• Deloitte Touche Tohmatsu Limited
• Epic Systems Corporation
• Health Catalyst
• IBM Corporation
• Koninklijke Philips N.V.
• McKesson Corporation
• Optum, Inc. (a part of UnitedHealth Group)
• Oracle Corporation
• Siemens Healthineers AG
• ZeOmega Inc.

Despite the market's potential, there are certain challenges hindering revenue growth. The absence of consistent healthcare data systems poses difficulties in efficiently communicating information across different platforms, limiting the adoption and effectiveness of PHM solutions. Additionally, a shortage of qualified healthcare professionals proficient in PHM technology and its various requirements impedes market progress.

Moreover, the lack of uniform regulatory regimes for PHM adds to the uncertainties surrounding its implementation. Healthcare organizations face challenges in navigating evolving regulations, potentially slowing down adoption rates. Furthermore, the installation and management costs associated with PHM technology pose financial hurdles for many healthcare providers, despite its evident benefits.

In summary, the global PHM market is poised for substantial growth, fueled by the rising prevalence of chronic diseases, escalating healthcare costs, and the industry's shift towards value-based care. However, challenges such as data interoperability, workforce shortages, evolving regulations, and cost concerns must be addressed to maximize the market's potential.

Segments Covered in the Report -

This report provides a comprehensive analysis of the global Population Health Management (PHM) market, covering historical data and forecasting revenue growth at a global, regional, and country level from 2019 to 2032. The market trends in each sub-segment are also analyzed in detail. The global PHM market is segmented based on component, mode of delivery, and region.

In terms of components, the market is divided into software and services. Both segments contribute to the overall revenue of the PHM market and are expected to show substantial growth during the forecast period.

The mode of delivery is another important aspect considered in the market analysis. The three main modes of delivery are web-based, cloud-based, and on-premise. Each mode offers different advantages and caters to the varying needs of healthcare organizations. The adoption of cloud-based solutions is expected to witness significant growth due to their scalability, flexibility, and cost-effectiveness.

The report also provides a regional outlook, covering the revenue generated by the PHM market in different regions across the globe. In North America, the market is segmented into the United States, Canada, and Mexico. Europe is further divided into Germany, the United Kingdom, France, Italy, Spain, Sweden, BENELUX, and the rest of Europe. The Asia-Pacific region includes China, India, Japan, South Korea, and the rest of APAC. Latin America is represented by Brazil and the rest of LATAM. Lastly, the Middle East and Africa region encompasses Saudi Arabia, the United Arab Emirates, South Africa, Israel, and the rest of MEA.

Each region offers unique market dynamics and opportunities for PHM growth. North America, being a mature healthcare market, is expected to dominate the PHM market in terms of revenue. However, the Asia-Pacific region is projected to witness rapid growth due to the increasing adoption of healthcare IT solutions and the rising focus on population health management.

Overall, this report provides a comprehensive analysis of the PHM market, including detailed insights into its components, modes of delivery, and regional trends. It serves as a valuable resource for industry stakeholders, healthcare organizations, and investors looking to understand the current and future market landscape of population health management.

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Strategic development:

• Cerner Corporation made an announcement in 2021 regarding its intent to acquire Kantar Health, a prominent provider of data and analytics for the life sciences sector. Through this acquisition, Cerner aims to enhance its population health management offerings by leveraging data-driven insights to benefit health systems and life sciences companies.

• In 2020, Optum, Inc. revealed its plans to acquire naviHealth, a leading provider of post-acute care management services. This strategic acquisition will enable Optum to expand its population health management offerings by providing more comprehensive care coordination services for patients transitioning from the hospital to their homes.

• Allscripts Healthcare Solutions, Inc. also made an acquisition announcement in 2020, stating their intention to acquire CarePort Health, a renowned provider of care coordination and post-acute outcomes management services. This acquisition will empower Allscripts to enhance its population health management offerings by delivering comprehensive care coordination services across the entire continuum of care.

• In 2021, Cerner Corporation launched HealtheIntent, a cloud-based platform for population health management. HealtheIntent enables health systems to gather and analyze patient data from various sources, facilitating the identification of at-risk populations and ultimately improving patient outcomes.

• Epic Systems Corporation introduced Healthy Planet 5.0 in 2020, a population health management platform designed to help health systems identify at-risk populations, monitor chronic conditions, and enhance patient outcomes through effective care coordination and data-driven insights.

• Health Catalyst, in 2020, launched the Population Health Foundations solution, which encompasses a comprehensive suite of tools for population health management. This solution enables health systems to analyze patient data, identify at-risk populations, and improve patient outcomes by implementing coordinated care and leveraging data-driven insights.

• IBM Corporation, in 2020, introduced the Watson Health Insights for Benefits solution, a population health management platform tailored for health plans and employers. This platform utilizes claims data analysis to identify at-risk populations, allowing for targeted interventions and coordinated care that can lead to improved employee health outcomes.

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