Growth Factors of Population Health Management Market
The global population health management market size was valued at USD 32.94 billion in 2023 and is projected tgrow from USD 36.98 billion in 2024 tUSD 126.16 billion by 2032, exhibiting a CAGR of 16.6% during the forecast period of 2024-2032.
The COVID-19 pandemic boosted the adoption of Population Health Management (PHM) answers for telehealth, far-flung tracking, and statistics-driven care coordination. Still, challenges, like disrupted delivery chains and budget constraints, hindered the population health management market growth.
The Population Health Management (PHM) market is pushed by the increasing prevalence of chronic illnesses, growing calls for cost-primarily based care, advancements in healthcare IT answers, and the growing adoption of telehealth. Government projects promoting healthcare digitization and the need for fee-effective affected person-targeted care propel marketplace growth.
The Population Health Management (PHM) marketplace is experiencing significant growth, pushed via the shift from rate-for-service tfee-primarily based care fashions. Key traits encompass the growing adoption of records analytics and predictive modeling tbecome aware of high-hazard populations and proactively cope with their healthcare wishes, expanding population health management market share globally. Furthermore, the combination of generation, telemedicine, far-off affected person monitoring, and synthetic intelligence allows extra powerful and green care delivery.
Comprehensive Analysis of Population Health Management Market
The population health management market is segmented by issue, platform, and end user. By thing, services dominate due tfull-size adoption in healthcare centers and a focus on progressive solutions, whilst software programs are anticipated tdevelop with growing adoption and collaborations among healthcare companies. By platform, the cloud-based segment leads due tbenefits like more substantial statistics, safety, and cost savings, even as the on-premises section grows with rising healthcare infrastructure investments. Among cease users, healthcare providers hold the largest share because of the developing variety of centers and price-primarily based care awareness, with healthcare payers and others displaying a steady boom from PHM solution implementation.
The North America region led the population health management market by benefitting a size of USD 21.35 billion in 2023 due tthe advanced healthcare infrastructure and the increasing adoption of PHM solutions across healthcare centers within the U.S. And Canada.
The leading Population Health Management Market players significantly shape its growth trajectory and establish industry benchmarks. These key players, including Epic Systems Corporation (U.S.), Veradigm LLC (U.S.), Oracle (U.S.), eClinicalWorks (U.S.), Athenahealth (U.S.), NextGen Healthcare (U.S.), Medical Information Technology, Inc. (U.S.), and Kareo, Inc. (U.S.), contribute ta competitive landscape that drives innovation and advances the market.
In February 2024, Everside Health and Marathon Health collaborated tbeautify number one care offerings and improve their healthcare software and solutions.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 16.6% from 2024-2032
Unit Value (USD billion)
Segmentation By Component
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