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Soaring Demand Set to Propel Population Health Management Market to $157.95 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Population Health Management Market Size By 2025?
The scale of the population health management market has been expanding rapidly in the last few years. It is projected to escalate from $59.02 billion in 2024 to $71.42 billion in 2025, with a compound annual growth rate (CAGR) of 21.0%. The expansion during the historic period can be linked to initiatives in public health, reforms in healthcare, a shift towards value-based care, management of chronic diseases, and the increasing costs of healthcare.
How Big Is the Population Health Management Market Size Expected to Grow by 2029?
In the coming years, we can expect a significant increase in the population health management market size, which is predicted to reach $157.95 billion in 2029 with a compound annual growth rate (CAGR) of 21.9%. This anticipated growth during the forecast period is mainly due to the broadening of value-based care models, emphasis on chronic disease prevention, incorporation of big data and analytics, focus on consumer-driven healthcare, and healthcare cost containment. Noteworthy trends for the forecast period encompass comprehensive care integration, equity and inclusivity in health, community involvement and outreach initiatives, preventive measures and wellness programs, and social determinants of health.
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Which Key Market Drivers Powering Population Health Management Market Expansion and Growth?
The anticipated surge in need for services that facilitate value-based healthcare by stakeholders is likely to boost the expansion of the population health management market. With a firm emphasis on service quality rather than the volume, this healthcare delivery model is favored by healthcare providers. Value-based care not only minimizes errors through improved workflows and interoperability but also cuts costs and heightens patient satisfaction, empowering leaders to supervise and control care. As per the Healthcare Payment Learning and Action Networks' measurement report, a U.S. organization comprised of public and private health care leaders, reported 40.6% of payments from public and private payers as purely fee-for-service. Further, 18.1% of payments were linked to quality and value in some manner. Consequently, the growing demand for value-based care service support from healthcare stakeholders is catalyzing the growth of the population health management market.
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Which Fast-Growing Trends Are Poised to Disrupt the Population Health Management Market?
Leading firms in the population health management market are concentrating their efforts on creating generative AI-backed population health management (PHM) solutions. These solutions aim to boost predictive analytics, tailor care to the individual patient, enhance clinical decision-making, and make healthcare delivery more efficient for optimal health results across various population groups. Generative AI is a form of artificial intelligence that can generate new content, data, or solutions by learning from existing data. For example, in February 2024, Persistent Systems Inc., a company based in India, formed a partnership with U.S.-based Microsoft Corp. Together, they launched a Generative AI-driven Population Health Management (PHM) solution. This solution utilizes Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights for the analysis of Electronic Health Records (EHR). This integration enables the extraction of vital patient information, including unstructured clinical notes, which form up to 80% of EHR data.
What Are the Emerging Segments in the Population Health Management Market?
The population health management market covered in this report is segmented -
1) By Component: Software, Service
2) By Mode Of Delivery: On Premise, Cloud-Based
3) By End-User: Providers, Payers, Other End-Users
Subsegments:
1) By Software: Data Management Software, Analytics Software, Reporting Software, Other Software Solutions
2) By Service: Consulting Services, Implementation Services, Support and Maintenance Services, Other Services
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Who Are the Global Leaders in the Population Health Management Market?
Major companies operating in the population health management market include McKesson Corporation, accenture* plc, IBM Corporation, Deloitte Touche Tohmatsu Limited, Optum Inc., Koninklijke Philips NV, Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare LLC, Athenahealth Inc., Evolent Health Inc., Conifer Health Solutions, Cotiviti Inc., Lumeris Inc., MEDecision Inc., The Advisory Board Company, eClinicalWorks LLC., NextGen Healthcare Inc., Health Catalyst Inc., Verscend Technologies Inc., Orion Health Group Ltd., Citra Health Solutions Inc., RedBrick Health Corporation, Lightbeam Health Solutions, Enli Health Intelligence Inc., Persivia Inc., Welltok Inc., Forward Health Group Inc., Arcadia Inc., Health EC LLC, Jvion Inc., ZeOmega Inc.
Which are the Top Profitable Regional Markets for the Population Health Management Industry?
North America was the largest region in the population health management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the population health management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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