Population Health Management Market
Population Health Management Market Size, Share & Trends Analysis Report by Component (Software, Services), by Mode of Delivery (On Premise Mode of Delivery, Cloud -Based Mode of Delivery), by End Users (Healthcare Providers, Healthcare Payers, Other), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
Market Snapshot
| Population Health Management Market Forecast Year: | 2022 - 2028 |
| Population Health Management Market Historical Year: | 2016 - 2021 |
| Population Health Management Market 2021: | USD 24.2 Billion |
| Population Health Management Projected Market 2028: | USD 49.8 Billion |
| Population Health Management Market CAGR: | 12.8% |
| Fastest Growing Region: | Asia Pacific |
| Largest Region: | North America |
Market Synopsis:
Global Population Health Management Market valued at USD 24.2 Billion in 2021 and is projected to reach a value of USD 49.8 Billion by 2028 at a Compound Annual Growth Rate (CAGR) of 12.8% over the forecast period.
The Population Health Management Market is witnessing growth during the forecast period owing to the increasing use of big data analytics, government support and compulsion for the support of healthcare IT solutions, and the requirement to curtail the rising healthcare costs. Whereas, the increasing geriatric population and the consequent growth in the burden of chronic diseases are the other factors driving the growth of the Population Health Management Market during the forecast period.
Furthermore, the Population Health Management solutions allow stakeholders in the healthcare sectors to provide patient-centric care and supports in limiting the high costs related to the healthcare by dropping readmissions, and ensuring that only optimum and appropriate intrusions are provided to the patients in the healthcare sector. Moreover, these solutions streamline workflow by ensuring the processes in the care delivery function effortlessly which is expected to drive the demand for Population Health Management in the coming years. In addition, the growth of developing economies like India, Russia, Brazil, China, and South Korea, increasing focus on value-based medicines, and the rising focus on personalized medicines are projected to provide profitable growth opportunities for the Population Health Management Market in the coming years. Besides, lack of skilled analysts, data breaches, and interoperability concerns are likely to hamper the growth of the Population Health Management Market during the forecast period.
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
Market Segmentation:
The Population Health Management Market is segmented on the basis of components, mode of delivery, and end-users. Based on components the market is segmented as Software, and Services. Based on mode of delivery, the market is segmented as On-Premise Mode of Delivery, and Cloud -Based Mode of Delivery. On the basis of end-user, the market is segmented as Healthcare Providers, Healthcare Payers, and other end users.
Below tree is interactive. You can click the nodes to get more information.
The On-Premise Segment is Projected to Hold the Largest Share of the Market
Based on mode of delivery, the on-premise mode of delivery segment is projected to acquire the largest share of the Population Health Management Market during the forecast period. The benefits offered by the on-premise delivery mode are customization of solutions, ability to reuse the existing servers, and reduced risk of data breaches are supporting in its increased adoptability in the Population Health Management Market.
Healthcare Providers Acquire the Largest Share Within the Segment
On the basis of end user, the Population Health Management Market is dominating the market during the forecast period. The large share of healthcare providers segment is attributed to the execution of the Affordable Care Act and Hospital Readmissions Reduction Program which is meant for lowering healthcare costs by using novel Population Health Management solutions in the United States, as well as the increased demand for these solutions among healthcare providers across various regions.
North America Region Leads the Global Population Health Management Market
Factors such as rising federal healthcare mandates to limit the increasing healthcare costs, increasing regulatory requirements, growing acceptance of EHRs, and intensifying government initiatives focusing on personalized medicine and value-based compensations are anticipated to drive the growth of the Population Health Management Market in North America.
The Asia Pacific market, including India, China, Japan, and the Rest of Asia Pacific, is likely to offers high-growth opportunities for the prime market players. The growth of the Asia Pacific Population Health Management Market is driven by the increasing medical tourism, the execution of new ICT guidelines in Japan, investments and transformations to advance the China’s healthcare infrastructure, the speedily increasing healthcare industry in India, and the execution of IT programs in Australia and New Zealand. Additionally, the increased government initiatives for the adoption of HCIT, the rising geriatric population, intensifying occurrence of chronic diseases, increasing healthcare expenditure, and the expanding purchasing power of consumers are also contributing for the growth of Population Health Management in this Asia Pacific region during the forecast period.
Competitive Landscape:
The key players in the Market are adopting various strategies such as new product launch, acquisitions, partnerships and expansions for the growth of the Population Health Management Market in the coming years. Some of the major key players in the market are Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Orion Health (New Zealand), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US), Athenahealth (US), Cotiviti (US), NextGen Healthcare Inc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovaccer (US), Citra Health Solutions (US), Evolent Health Inc. (US), Lumeris (US), Forward Health Group (US) and others.
Segmentation of Global Population Health Management Market:
Frequently Asked Questions
-
What is
the global demand for Population Health Management
in terms of revenue?
The global Population Health Management valued at USD 24.2 Billion in 2020 and is expected to reach USD 49.8 Billion in 2028 growing at a CAGR of 12.8%
-
Which
are the prominent players
in the market?
The prominent players in the market are Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Orion Health (New Zealand), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US), Athenahealth (US), Cotiviti (US), NextGen Healthcare Inc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovaccer (US), Citra Health Solutions (US), Evolent Health Inc. (US), Lumeris (US), Forward Health Group (US).
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 12.8% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the Population Health Management include
- Government mandates & support for healthcare IT solutions
-
Which
region accounted for the
largest share in the market?
North America was the leading regional segment of the Population Health Management in 2020.
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