Population Health Management Market

Market Synopsis:

Global Population Health Management Market valued at USD 27.05 Billion in 2022 and is projected to reach a value of USD 70.40 Billion by 2030 at a Compound Annual Growth Rate (CAGR) of 12.70% 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.

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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.

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.