Population Health Management (PHM) Market Booming Worldwide with Industry Analysis, Future Growth, Upcoming Trend and Future Scope by 2032

The global Population Health Management (PHM) market size was USD 32.40 Billion in 2022 and is expected to register a rapid revenue CAGR of 16.6% during the forecast period. The Population Health Management (PHM) market is poised for substantial growth, driven by rising investments in healthcare infrastructure and the increasing adoption of innovative software solutions. As healthcare organizations expand their facilities and services, there is a growing focus on enhancing population health through effective management strategies.

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Key Market Drivers

The demand for Population Health Management is largely propelled by the need for improved access to healthcare services. PHM plays a vital role in ensuring that this access is met with proactive health management, emphasizing prevention, early intervention, and continuity of care. This alignment with value-based healthcare models enables better coordination of care, effective risk assessment, and improved patient outcomes.

Additionally, investments in real-time decision support software are significantly contributing to market growth. These tools assist healthcare providers in making informed decisions by identifying care gaps and suggesting evidence-based interventions. The increasing demand for such software is enhancing the efficiency of healthcare delivery at the point of care.

Challenges in the Market

Despite the positive outlook, the market faces challenges related to data privacy and security. Stringent regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) in the U.S. and the General Data Protection Regulation (GDPR) in Europe, require healthcare organizations to invest heavily in secure data management. Non-compliance can lead to legal consequences and reputational damage, making data security a critical concern. Patients are also increasingly wary about how their health information is handled, which can affect their engagement with PHM programs.

Market Insights by Segment

The global PHM market is categorized into software and services, with software taking the lead in market share due to its cost-effectiveness and operational efficiency. The growing need for data management and analytics, coupled with predictive modeling for risk stratification, is driving this trend. For instance, a recent partnership between Morris Heights Health Center and a PHM technology company aims to enhance care for 50,000 patients in the Bronx, showcasing the practical applications of PHM software.

In terms of delivery methods, the market is segmented into on-premises and cloud-based solutions. The on-premises segment is projected to experience steady growth due to its ability to meet strict data security requirements and support large datasets. Conversely, cloud-based solutions are gaining traction as technological advancements simplify data integration and improve care coordination, leading to better clinical outcomes.

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End-Use Applications

The healthcare providers segment is anticipated to see significant growth, driven by the introduction of population health analytics and improved collaboration among healthcare professionals. The shift from traditional fee-for-service models to risk-based payment models is further fueling this growth, as PHM enables providers to identify health risks and prioritize interventions effectively.

Population Health Management Top Companies and Competitive Landscape

The global PHM market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective PHM solutions in the market.

Some major players included in the global PHM market report are:

McKesson Corporation

Oracle

Conifer Health Solutions, LLC

Athenahealth, Inc.

Enli Health Intelligence

Cotiviti, Inc.

International Business Machines Corporation (IBM)

Nextgen Healthcare, Inc.

Health Catalyst, Inc.

eClinicalWorks

Population Health Management Latest Industry Updates

On 3 March 2021, Siemens Healthineers introduced Mammovista B.smart, which is a new software solution that accelerates the complete reading workflow for breast imaging. The company increased its digital breast care offerings with these two new solutions. Mammovista B.smart was designed from the ground up to provide optimal reading abilities across multiple imaging modalities. The new Teamplay Mammo Dashboard monitors and analyses breast imaging workflows to identify bottlenecks.

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For the purpose of this report, Emergen Research has segmented the global PHM market on the basis of product, delivery mode, age group, end-use, and region:

Product Outlook (Revenue, USD Billion; 2019-2032)

Software

Services

Delivery Mode Outlook (Revenue, USD Billion; 2019-2032)

On-Premises

Cloud-based

Age Group Outlook (Revenue, USD Billion; 2019-2032)

Infants

Teenagers

Adults

Elderly

End-Use Outlook (Revenue, USD Billion; 2019-2032)

Healthcare Providers

Hospitals and Physicians

Others

Regional Outlook (Revenue, USD Billion; 2019-2032)

North America

U.S.

Canada

Europe

Germany

France

UK

Italy

Spain

Benelux

Russia

Rest of Europe

Asia Pacific

China

Japan

South Korea

India

ASEAN Countries

Oceania

Rest of APAC

Latin America

Brazil

Mexico

Rest of LATAM

Middle East & Africa

GCC Countries

Israel

Turkey

South Africa

Rest of Middle East & Africa

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Look Over transcripts provided by Emergen Research

Population Health Management (PHM) Market Size@ https://www.emergenresearch.com/industry-report/population-health-management-market/market-size

Population Health Management (PHM) Market Share@ https://www.emergenresearch.com/industry-report/population-health-management-market/market-share

Population Health Management (PHM) Market Trends@ https://www.emergenresearch.com/industry-report/population-health-management-market/market-trends

Population Health Management (PHM) Regional Market Demand@ https://www.emergenresearch.com/industry-report/population-health-management-market/regional-market-demand

Population Health Management (PHM) Market Analysis@ https://www.emergenresearch.com/industry-report/population-health-management-market/market-analysis

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