Population Health Management (PHM) Solutions Market to Reach $75.97 Billion by 2030

[Redding, California, February 26, 2024] - Meticulous Research®, a premier market research company, has released a comprehensive report titled, 'Population Health Management (PHM) Solutions Market by Component (Software, Services), Mode of Delivery (On Premise, Cloud and Web), End User (Healthcare Providers, Payers [Private, Public], Employer Groups) - Global Forecast to 2030.'

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According to this latest publication from Meticulous Research®, the population health management (PHM) solutions market is projected to reach $75.97 billion by 2030, at a CAGR of 10.9% from 2023 to 2030.

Population Health Management (PHM) Solutions play a pivotal role in healthcare by enabling providers and health systems to stratify target populations, identify care gaps, predict outcomes, and implement early interventions to enhance health and care. The market's growth is fueled by a myriad of factors, including the escalating burden of chronic diseases, particularly among the geriatric population, the widespread adoption of healthcare IT solutions, governmental emphasis on preventive healthcare measures, establishment of disease registries, and burgeoning healthcare expenditures worldwide. Despite its promising outlook, challenges such as patient data privacy concerns, confidentiality issues, and interoperability barriers pose significant obstacles to market expansion.

The population health management (PHM) solutions market is segmented by Component (Software, Services), Mode of Delivery (On-premise, Cloud-based and Web-based), End User (Healthcare Providers, Healthcare Payers [Private, Public], and Other End Users), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

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Based on component, in 2023, the software segment is expected to account for the largest share of the population health management (PHM) solutions market. The PHM software allows healthcare providers to provide personalized treatments, better decision making, and improved clinical outcomes at lower costs. Further, a high rate of patient engagement in clinical care management allows for greater patient satisfaction.

Based on mode of delivery, the cloud-based and web-based segment is projected to register the highest CAGR over the forecast period . The growth of this segment is attributed to the rising demand for cloud and web-based PHM solutions due to their cost-effectiveness, enhanced interoperability, and increased reliability and accessibility.

Based on end user, in 2023, the healthcare providers segment is expected to account for the largest share of the population health management (PHM) solutions market. Healthcare providers include hospitals & clinics, nursing homes, ad medical practitioners. With the help of PHM solutions, providers can create specific care plans for their patients and understand the health trends of the patient population. PHM solutions also help identify and anticipate patients at risk of developing diseases. Furthermore, the high adoption of digital solutions among the providers due to the availability of funding also supports the large market share of this segment.

Based on geography, in 2023, North America is expected to account for the largest share of the population health management (PHM) solutions market. The presence of several leading market players and easy availability of PHM solutions, initiatives supporting e-health, and high adoption of value-based care approaches in North America are the factors supporting the large share of this market.

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Key Players
Leading players in the Population Health Management (PHM) Solutions market include Allscripts Healthcare, LLC, Oracle Corporation, Deloitte Tohmatsu LLC, Epic Systems Corporation, Conifer Health Solutions, LLC., GE Healthcare, The International Business Machines Corporation (IBM), Koninklijke Philips N.V., i2i Population Health, McKesson Corporation, Medecision, Health Catalyst, and UnitedHealth Group.

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