Meticulous Research® Projects the Population Health Management (PHM) Solutions Market to Reach $75.97 Billion by 2030

Meticulous Research®, a leading provider of market intelligence, has announced the publication of its latest 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 the comprehensive analysis conducted by Meticulous Research®, the global PHM solutions market is poised to expand significantly, reaching an estimated $75.97 billion by 2030, with a compound annual growth rate (CAGR) of 10.9% from 2023 to 2030.

Population health management solutions are becoming increasingly vital as they enable healthcare providers and systems to effectively stratify and target populations, identify care gaps, predict health outcomes, and implement early interventions. The expansion of this market is driven by a surge in chronic disease prevalence, an aging population, increased adoption of healthcare IT solutions, and growing government initiatives focused on preventive care. Additionally, the growing emphasis on creating disease registries and the escalating global healthcare expenditure further contribute to market growth. Emerging economies present untapped opportunities, and the shift towards value-based care continues to fuel this market's momentum. However, challenges such as patient data privacy, confidentiality concerns, and interoperability issues pose significant obstacles to market growth.

The report segments the PHM solutions market 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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Key Segment Insights:

By Component: The software segment is anticipated to dominate the PHM solutions market in 2023, driven by the software's ability to enhance personalized treatment, decision-making, and clinical outcomes while reducing costs. The segment also benefits from high patient engagement levels in clinical care management, which leads to greater patient satisfaction.

By Mode of Delivery: The cloud-based and web-based segment is expected to witness the highest CAGR during the forecast period. This growth is attributed to the increasing demand for these delivery modes due to their cost-effectiveness, improved interoperability, and enhanced reliability and accessibility.

By End User: In 2023, healthcare providers are projected to hold the largest market share. These providers, including hospitals, clinics, nursing homes, and medical practitioners, leverage PHM solutions to develop specific care plans, understand patient population health trends, and identify patients at risk of disease. The widespread adoption of digital solutions, supported by available funding, further bolsters this segment's dominance.

Regional Insights:

North America is expected to lead the global PHM solutions market in 2023, driven by the presence of key industry players, widespread availability of PHM solutions, government initiatives supporting e-health, and the high adoption of value-based care models.

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Key Market Players:

The report profiles several leading players in the PHM solutions market, including Allscripts Healthcare, LLC (U.S.), Oracle Corporation (U.S.), Deloitte Tohmatsu LLC (U.K.), Epic Systems Corporation (U.S.), Conifer Health Solutions, LLC (U.S.), GE Healthcare (U.S.), The International Business Machines Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), i2i Population Health (U.S.), McKesson Corporation (U.S.), Medecision (U.S.), Health Catalyst (U.S.), and UnitedHealth Group (U.S.).

Related Reports:
Digital Health Market - https://www.meticulousresearch.com/product/digital-health-market-5898
Healthcare IT Market - https://www.meticulousresearch.com/product/healthcare-it-market-5084
Patient Engagement Solutions Market - https://www.meticulousresearch.com/product/patient-engagement-solutions-market-5566

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This release was published on openPR.