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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Population Health Management Market Outlook

The global population health management market size attained a value of USD 42.53 billion in 2023. The market is anticipated to grow at a CAGR of 17% during the forecast period of 2024-2032 to attain a value of USD 174.73 billion by 2032. The market growth is driven by the increased innovation in analytical devices and widespread application across the globe.

Global Population Health Management Market Overview

Population health management (PHM) is a systematic, all-encompassing approach to gather and analyse patient-specific health data. It includes patient involvement, data analytics, care coordination, integration, measurement of value-based healthcare, and health information management. It emphasises enhancing patient results, overall patient experience, and population health.

The population health management market demand is anticipated to witness further growth due to the increasing use of IT in the healthcare industry. The market growth is expected to be driven by advantages provided by population health management systems, such as data integration, remote patient monitoring, and data storage. Also, the use of IT solutions, particularly in business intelligence and data analytics, is also supporting the growth of the market.

population health management market

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Value-based payment (VBP) models have replaced fee-for-service (FFS) models as a result of the growing demand from healthcare stakeholders for solutions supporting value-based care delivery. The market is also anticipated to increase as a result of the rising demand for efficient disease management techniques.

The growing emphasis on personalised medicines will present advantageous chances for population health management to advance. Businesses in the healthcare industry can treat each patient uniquely using cutting-edge analytics and predictive modeling technologies, producing the best possible results and contributing significantly to the population health management market share.

Increased healthcare investments in the market have also been contributing significantly to the market growth, resulting in the growing deployment of healthcare information technology. Additionally, rising urbanisation and increased spending on healthcare infrastructure are also likely to escalate the demand for population health management.

Strategic Collaborations between Key Players to Bring the Best Solution in the Market

Rising collaborations between the leading companies in the market are anticipated to provide significant impetus to population health management market growth. In October, 2023, Wolters Kluwer Health announced its Health Language Platform, an FHIR Terminology Server, that will work with Microsoft Azure Health Data Services FHIR service to help customers enrich and standardize their healthcare data with medical ontologies on Microsoft Azure. Wolters Kluwer Health organizes health data to make it insightful and comprehendible and Microsoft Azure will provide safety and security to the data making it better and accessible to healthcare professionals and enhancing the decision-making process and overall population health management. This collaboration is expected to drive traction of healthcare market players towards such solutions and potential future investments to continuously improve the existing solution, resulting in increased global population health management market demand and projecting an upward trajectory during the forecast period.

Rising Introduction of Innovative Products to Drive Significant Growth

In September 2023, ClosedLoop, a healthcare data science platform, launched two new solutions, ACO-Predict and Evaluate, to help measure and guide the real-world impact of healthcare programs. The tools are designed to help healthcare organizations analyze, evaluate, monitor, and refine their programs to mitigate adverse events, improve outcomes, and reduce unnecessary costs. Such tools are perfect for healthcare organizations trying to assess whether their healthcare programs are performing well or not. When healthcare programs can exhibit positive results, such as improving health outcomes, avoiding problems, and saving money, they are likely to be adopted by more organizations, propelling market growth.

population health management market by segments

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Global Population Health Management Market Segmentation

Market Breakup by Components

  • Software
  • Services
  • Post-Sale and Maintenance Services
  • Consulting Services
  • Training and Education Service
  • Implementation Services

Market Breakup by Mode of Delivery

  • On-Premises
  • Cloud Based

Market Breakup by End User

  • Healthcare Providers
  • Healthcare Payers
  • Employer Group
  • Government Bodies
  • Others

Market Breakup by Distribution Channel

  • Hospitals Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Population Health Management Regional Analysis

North America is expected to lead the global market for population health management owing to the rise in healthcare expenses and increasing geriatric population. By precisely measuring the health of the population and its subgroups, governments are putting more effort into providing incentives and implementing programs to enhance the state of the health of their respective countries. The market for population health management in North America is further anticipated to be driven by factors such as increasing diseases, regulatory environment, pressure on the healthcare industry to lower medical expenses, expanding use of information technology in healthcare, and cloud computing.

For instance, in October 2023, The Department of Health and Mental Hygiene launched a new Center for Population Health Data Science. The Center will speed up critical internal work and enable the agency, in its role as the City’s health strategist, to make progress toward linking public health, healthcare, and social service data. The new center targets to assist New York City’s population health surveillance, and improve outcomes by linking healthcare, public health, and social service data, bolstering the population health management market growth. The accumulated data at the new center will enable healthcare professionals to keep track of patterns and comprehend the requirements of healthcare in specific neighborhoods. Such efforts help the health department and other organizations plan and create better ways to take care of everyone's health.

population health management market by region

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Global Population Health Management Market: Competitor Landscape

In September 2023, Health Catalyst, Inc., a company that offers data and analytics technology and services to healthcare organizations has recently announced that two of its technologies, Health Catalyst Pop Analyzer™ and Health Catalyst Care Flow™, have received National Committee for Quality Assurance (NCQA) Prevalidation for Population Health Management in 2023.

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.

The major companies in the market are as follows:

  • MCKESSON CORPORATION
  • Verisk Analytics, Inc
  • Forward Health Group, Inc
  • Health Catalyst
  • Athenahealth, Inc.
  • Cerner Corporation
  • Medecision
  • Xerox Corporation
  • Allscripts Healthcare, LLC
  • Fonemed
  • General Electric
  • HealthBI
  • NXGN Management, LLC
  • Optum Inc.
  • Conifer Health Solutions, LLC
  • Siemens Healthcare GmbH
  • IBM
  • Koninklijke Philips N.V.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Components
  • Mode of Delivery
  • End User
  • Distribution Channels
  • Region
Breakup by Components
  • Software
  • Services
Breakup by Mode of Delivery
  • On-Premises
  • Cloud Based
Breakup by End User
  • Healthcare Providers
  • Healthcare Payers
  • Employer Group
  • Government Bodies
  • Others
Breakup by Distribution Channels
  • Hospitals Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • MCKESSON CORPORATION
  • Verisk Analytics, Inc
  • Forward Health Group, Inc
  • Health Catalyst
  • Athenahealth, Inc.
  • Cerner Corporation
  • Medecision
  • Xerox Corporation
  • Allscripts Healthcare, LLC
  • Fonemed
  • General Electric
  • HealthBI
  • NXGN Management, LLC
  • Optum Inc.
  • Conifer Health Solutions, LLC
  • Siemens Healthcare GmbH
  • IBM
  • Koninklijke Philips N.V.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of about USD 42.53 billion in 2023, driven by increasing focus on patient population.

The market is anticipated to grow at a CAGR of 17% during the forecast period of 2024-2032, likely to reach a market value of USD 174.73 billion by 2032.

The increasing adaptation of advanced technologies in healthcare, remote patient monitoring, enhanced data storage, increased healthcare investments, growing emphasis on personalised medicines, and increased product launches are the major factors driving the market growth.

The increased strategic collaborations between key players like Wolters Kluwer Health announcing its Health Language Platform, an FHIR Terminology Server that will work with Microsoft Azure Health Data Services FHIR service are a major trend influencing the market growth.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.

Components in the market include software and services. Services are further categorised into post-sale and maintenance services, consulting services, training and education services, and implementation services.

Modes of delivery include on-premises and cloud-based delivery.

End users in the market include healthcare providers, healthcare payers, employer groups, and government bodies, among others.

Distribution channels include hospital pharmacies, retail pharmacies, and online pharmacies, among others.

Key players involved in the market are MCKESSON CORPORATION, Verisk Analytics, Inc, Forward Health Group, Inc, Health Catalyst, Athenahealth, Inc., Cerner Corporation, Medecision, Xerox Corporation, Allscripts Healthcare, LLC, Fonemed, General Electric, HealthBI, NXGN Management, LLC, Optum Inc., Conifer Health Solutions, LLC, Siemens Healthcare GmbH, Koninklijke Philips N.V., and IBM.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124