Population Health Management Market Size
Study Period | 2019 - 2029 |
Market Size (2024) | USD 53.41 Billion |
Market Size (2029) | USD 126.86 Billion |
CAGR (2024 - 2029) | 18.89 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Population Health Management Market Analysis
The Population Health Management Market size is estimated at USD 53.41 billion in 2024, and is expected to reach USD 126.86 billion by 2029, growing at a CAGR of 18.89% during the forecast period (2024-2029).
The global population health management market is being driven by the rising geriatric population and increasing burden of chronic diseases, digitalization of healthcare systems and the increasing need for affordable treatment options due to rising healthcare costs. Additionally, the increasing population suffering from chronic diseases, which requires a long period of surveillance and hospital stay, and favorable government policies that are also the other factors supporting the growth of market.
However, with the ongoing trends in population health management, customers face challenges associated with data security and reliability, increasing regulatory compliance, and handling huge amounts of healthcare data. Also the probability of reduced service/product quality is among the few factors expected to restrain the growth of the market.
Population Health Management Market Trends
This section covers the major market trends shaping the Population Health Management Market according to our research experts:
Cloud-based Segment is Found Dominating the Population Health Management Market
The cloud-based segment holds the largest share in the population health management market, due to a rise in the number of benefits, such as low licensing and startup costs, low costs of maintenance and infrastructure requirements, and wider accessibility. In addition, a cloud-based population health management system provides enhanced productivity and fast and smooth implementation. Hence the cloud-based delivery mode is expected to witness the fastest growth during the forecast period.
North America is Found Dominating the Population Health Management Market
North America is expected to hold a leading position in the population health management market during the forecast period. The factors, such as favorable regulatory scenario, pressure on healthcare institutions to reduce costs, and rising trends in healthcare IT, big data and cloud computing, well-established healthcare infrastructure, continuous reforms by governments, and the increasing diseased patient burden are driving the growth of the population health management market in the regions.
For instance, the US government implemented the Affordable Care Act (ACA) for the prevention of diseases and the adoption of healthcare IT. The ACA will boost the growth of the population health management market and create opportunities for population health management service providers to collect and maintain patients’ data.
Population Health Management Industry Overview
The market players are continuously focusing on acquisitions and mergers, provision of customized solutions, and expansion of companies in untapped commercial markets. Acquisitions and business partnerships with other market players are some of the strategic initiatives undertaken by these companies to strengthen their market presence. Moreover, companies are investing huge amounts on developing new products and platforms with enhanced and improved features, as a part of their commercialization strategies.
Population Health Management Market Leaders
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Allscripts Healthcare Solutions Inc.
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Cerner Corporation
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Mckesson Corporation
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Health Catalyst
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Optum Inc.
*Disclaimer: Major Players sorted in no particular order
Population Health Management Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Need to Build a Comprehensive Single Platform for Patient Record and Management
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4.2.2 Rising Population Suffering from Chronic Diseases Requires Long Period of Surveillance
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4.2.3 Increasing Support and Investments from Public and Private Organizations
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4.3 Market Restraints
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4.3.1 Need for Multi-disciplinary Teams for Effective Implementation
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4.3.2 Reimbursement Issues
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Component
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5.1.1 Software
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5.1.2 Hardware
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5.1.3 Services
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5.2 By Delivery Mode
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5.2.1 On-premise
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5.2.2 Cloud-based/Web-based
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5.3 By End-User
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5.3.1 Payers
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5.3.2 Providers
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Italy
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Australia
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5.4.3.5 South Korea
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5.4.3.6 Rest of Asia-Pacific
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5.4.4 Middle-East & Africa
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5.4.4.1 GCC
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5.4.4.2 South Africa
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5.4.4.3 Rest of Middle-East & Africa
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5.4.5 South America
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5.4.5.1 Brazil
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5.4.5.2 Argentina
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5.4.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Allscripts Healthcare Solutions Inc.
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6.1.2 Cerner Corporation
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6.1.3 Conifer Health Solutions
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6.1.4 Epic Systems Corporation
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6.1.5 International Business Machines Corporation (IBM)
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6.1.6 Health Catalyst
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6.1.7 Koninklijke Philips NV
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6.1.8 Mckesson Corporation
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6.1.9 Optum Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Population Health Management Industry Segmentation
As per the scope of the report, population health management is a platform used to aggregate patient-related data across multiple health information resources and analyze the data and integrate into a single, actionable patient record that allows healthcare practices and providers to measure compliance across their patient population and improve both clinical and financial outcomes. The main aim of population health management is to improve and ease the healthcare outcomes of a group, by monitoring and identifying individuals within a group, by using business intelligence tools.
By Component | |
Software | |
Hardware | |
Services |
By Delivery Mode | |
On-premise | |
Cloud-based/Web-based |
By End-User | |
Payers | |
Providers |
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Population Health Management Market Research FAQs
How big is the Population Health Management Market?
The Population Health Management Market size is expected to reach USD 53.41 billion in 2024 and grow at a CAGR of 18.89% to reach USD 126.86 billion by 2029.
What is the current Population Health Management Market size?
In 2024, the Population Health Management Market size is expected to reach USD 53.41 billion.
Who are the key players in Population Health Management Market?
Allscripts Healthcare Solutions Inc., Cerner Corporation, Mckesson Corporation, Health Catalyst and Optum Inc. are the major companies operating in the Population Health Management Market.
Which is the fastest growing region in Population Health Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Population Health Management Market?
In 2024, the North America accounts for the largest market share in Population Health Management Market.
What years does this Population Health Management Market cover, and what was the market size in 2023?
In 2023, the Population Health Management Market size was estimated at USD 44.92 billion. The report covers the Population Health Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Population Health Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Population Health Management Industry Report
Statistics for the 2024 Population Health Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Population Health Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.