Population Health Management Market Size, Share & Trends Analysis Report By Product (Software, Services), By Delivery Mode (On-Premise, Cloud-based), By End-use, By Region, And Segment Forecasts, 2024 - 2030
Population Health Management Market Size, Share & Trends Analysis Report By Product (Software, Services), By Delivery Mode (On-Premise, Cloud-based), By End-use, By Region, And Segment Forecasts, 2024 - 2030
Population Health Management Market Growth & Trends
The global population health management market size is expected to reach USD 280.8 billion by 2030 and is anticipated to grow at a CAGR of 22.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The healthcare industry is shifting toward the adoption of healthcare IT solutions, including electronic health records (EHR) and population health management (PHM) for value-based compensation. Population Health Management (PHM) solutions can process clinical, financial, and operational data that help improve efficiency and patient care. The health management program is also witnessing changes in medical reimbursement due to the increasing emphasis on value-based payment models.
PHM assists in the stratification of at-risk population groups and the identification of high-cost diseases. Besides, increasing use of machine learning and artificial intelligence in analytics is likely to drive the market growth. With rapid advancements in technology, PHM is likely to offer a win-win situation for healthcare providers. For instance, the use of data analytics is expected to help reduce costs, increase productivity, and offer improved clinical outcomes.
The key participants are engaged in strategies such as product launches, collaborations, partnerships, and joint ventures among others to expand their global footprints and product portfolio. Alternatively, rising strategic acquisitions, new product launches, and partnership deals are other factors fueling market expansion.
Population Health Management Market Report Highlights
In terms of product, the services product segment held the largest market share in 2023, as healthcare providers prefer in-house maintenance services. Demand for PHM services is increasing among hospitals and other healthcare organizations to involve third parties to assess patient data
In terms of delivery mode, cloud-based segment is anticipated to register the fastest CAGR over the forecast period as it offers the end-user with faster, effective, and efficient clinical outcomes
In terms of end-use, healthcare providers held the largest market share in 2023. The providers can focus effectively on patient care and reducing overall costs. The large market share is attributed to the implementation of value-based care using healthcare analytical tools
Based on region, North America was the largest regional market in 2023 and is likely to retain its position over the forecast period, as the providers, payers, providers-payers, and accountable care organizations promote the use of PHM services
In Asia Pacific, the market is expected to witness the fastest CAGR over the forecast period due to rising healthcare expenditure and improving healthcare infrastructure in the region. Acquisitions and business partnerships with other market players are some of the strategic initiatives undertaken by key players to strengthen their market presence
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Segment scope
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Delivery Model Details
1.7. Research Assumptions
1.8. List of Secondary Sources
1.9. List of Abbreviations
1.10. Objectives
1.10.1. Objective 1
1.10.2. Objective 2
1.10.3. Objective 3
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Population Health Management Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Growing demand for value-based healthcare delivery
3.2.1.2. Rising healthcare expenditure across the globe
3.2.1.3. Need for effective disease management across different care settings
3.2.2. Market restraint analysis
3.2.2.1. Lack of proper regulatory framework for PHM
3.3. Behavioral Health Care Software & Service: Market Analysis Tools
3.3.1. Industry analysis - Porter’s
3.3.2. PESTLE analysis
3.4. Regulatory Framework
Chapter 4. Population Health Management Market: Product Estimates & Trend Analysis