Population Health Management Market Industry Share, Business Analysis And Future Growth

Population Health Management Market Overview

Patient data are gathered from several health information technology sources for a programme known as population health management. Because of this, medical professionals can use the collected data to analyse and produce a single, easily accessible patient record, which benefits patients' clinical and financial outcomes. In population healthcare management programmes, a business intelligence technology is usually used to compile data so that healthcare providers may generate a precise and accurate clinical picture of each individual patient.

Population Health Management Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Population Health Management industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Population Health Management Market Dynamics

Trend in the Market:

Utilising the Value-Based Payment (VBP) Model to Expand the Healthcare Market: In the healthcare industry, move from value-based payment (VBP) to fee-for-service (FFS). This is mainly because organisations that successfully gather and evaluate population health data later on are more capable of organising and delivering care. By doing this, these healthcare companies and organisations are able to grow their income, which propels the market's expansion. Traditional fee-for-service (FFS) reimbursement is being replaced with value-based payment (VBP). Using this approach, doctors submit claims to health insurers after accounting for clinical outcomes and the overall quality of treatment provided.

Market Drivers

increasing focus on personalised medicine: In addition, the increasing focus on customised care will offer beneficial opportunities for population health management to progress (PHM). Using cutting-edge analytics and predictive modelling techniques, healthcare businesses can treat every patient uniquely and achieve optimal results. More and more, analytics are being used to personalise cancer and other disease treatments.

Population Health Management Market Segmentation

by Component

Services
Software

This market is segmented into software and services according to component. In 2022, the services sector held a dominant market share for population health management. The services segment includes analytics for value-based care and, in certain situations, strategic advice. The services, which include PHM programme maintenance and service updates that typically need to be updated on a regular basis, have been essential to these devices' domination in the market.

The software segment's CAGR is anticipated to be lower during the projection period. The procurement of new PHM programmes by healthcare facilities and growing acceptability in emerging economies are anticipated to fuel demand for this segment and drive growth over the forecast period.

by Platform

Cloud-based
On-Premise

by End-User

Healthcare Providers
Healthcare Payers
Others

Throughout the projected period, the healthcare provider segment will continue to hold a dominant position based on the End-User. Based on end users, the market is segmented into healthcare payers, healthcare providers, and other end users. Healthcare providers are anticipated to be the leading segment in the forecast period due to the growing frequency of neurology, cardiology, and other disorders in developed and emerging countries, which is drawing in a sizeable patient pool suffering from acute and chronic conditions. It is thought that when the number of patients increases, PHM programme uptake will increase more quickly. The second-highest market revenue share of the sector is mostly attributable to changing reimbursement practices and an increase in healthcare payers throughout the projection period.

Population Health Management Market Key Players

1. Athena health, Inc (US)
2. Cerner Corporation (US)
3. Medecision (US)
4. Xerox Corporation (US)
5. Allscripts Healthcare, LLC (US)
6. Fonemed (Canada)
7. Well Centive, Inc. (US)
8. General Electric Company (US)
9. HealthBI (US)
10. NXGN Management, LLC (US)
11. Optum Inc. (US)
12. i2i Population Health (US)
13. Conifer Health Solutions, LLC (US)
14. IBM (US)
15. Koninklijke Philips N.V. (Netherlands)
16. Siemens Healthcare GmbH (Germany)
17. Arthrex (US)

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Table of content for the Population Health Management Market includes:

Part 01: Executive Summary

Part 02: Scope of the Population Health Management Market Report

Part 03: Global Population Health Management Market Landscape

Part 04: Global Population Health Management Market Sizing

Part 05: Global Population Health Management Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The PHM market in North America was valued at 15.84 billion USD in 2022. The region has a larger market share due to factors such as a more developed healthcare infrastructure, a higher adoption rate of healthcare IT, the presence of significant industry players and their products in the region, and others. The region's leading market position can be attributed to these factors, as well as a growing awareness of population health management among patients and the fast expanding home healthcare market in the region. The markets in Europe and Asia-Pacific are anticipated to see a comparatively higher CAGR during the forecast period.

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