What Has Been The Historical And Current Growth Of The Population Health Management Market?
The population health management market has seen considerable growth due to a variety of factors.
• The scale of the population health management market has been growing on an exponential scale in the previous years. It is projected to expand from a value of $59.02 billion in 2024 to $71.42 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 21.0%.
Factors such as public health drives, healthcare reform strategies, transition towards value-centric care, management of chronic diseases, and increasing healthcare expenditures can be attributed to the growth observed in the historical period.
How Will the Population Health Management Market Size Evolve over the Forecast Period?
The population health management market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, significant expansion is anticipated in the population health management market, with its size predicted to reach $157.95 billion in 2029, reflecting a compound annual growth rate (CAGR) of 21.9%.
The surge during this forecast period is due to the proliferation of value-based care models, emphasis on preventing chronic diseases, the merging of big data and analytics, patient-focused healthcare, and curbing healthcare expenses. During this forecast period, the key trends are expected to be comprehensive care integration, health equality and inclusivity, societal involvement and outreach, proactive health and wellness initiatives, and social health determinants.
Which Key Drivers Are Propelling Th Population Health Management Market's Growth?
The population health management market is poised for growth, powered by the increasing need for solutions that promote value-based care delivery, as demanded by healthcare investors. Value-based healthcare is a model of healthcare delivery that prioritizes the quality of services, rather than quantity. This approach to care delivery not only minimizes errors through improved workflows and interoperability, but also reduces costs and heightens patient satisfaction, enabling administrators to oversee and regulate care. The Healthcare Payment Learning and Action Networks, a group of healthcare leaders from both the public and private sectors based in the US, noted in their APM measurement report that 40.6% of payments across all payers were strictly fee-for-service, while 18.1% had some association with quality and value. Therefore, the escalating demand from healthcare investors for solutions that facilitate value-based care delivery is propelling the growth of the population health management market.
What Key Areas Define The Segmentation Of The Global 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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How Are Emerging Trends Reshaping The Dynamics Of The Population Health Management Market?
Leading enterprises in the population health management market place are directing efforts towards creating generative AI-driven population health management (PHM) solutions that will enhance predictive analytics, customize patient care, uplift clinical decision-making, and streamline healthcare administration for improved health results across populations. Generative AI is a type of artificial intelligence that can produce new content, data, or solutions by recognizing patterns in existing data. For example, in February 2024, Persistent Systems Inc, an Indian company, in collaboration with Microsoft Corp, an American firm, debuted Generative AI-fuelled Population Health Management (PHM). This solution utilizes Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights to examine Electronic Health Records (EHR). This amalgamation permits the extraction of crucial patient details, also unstructured clinical notes, comprising up to 80% of EHR data.
Who Are the Key Players 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.
What Is The Most Dominant Region In The Population Health Management Market?
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.
