Global Population Health Management Market Outlook 2030

"In 2021, the global population health management market is estimated to be worth ~USD 40 billion and is expected to grow at a compound annual growth rate of ~25% during the forecast period 2022-2030. The medical industry is rapidly transforming from paper-based systems to digital systems, which has accelerated the demand for healthcare IT services. In addition, the growing demand from healthcare stakeholders for solutions that support value-based care delivery has led to a shift from a fee-for-service (FFS) model to a fee-for-value (VBP) model. The increasing demand for effective disease management strategies is also expected to drive market growth.  The population health management (PHM) solution is aimed at population-level data-driven healthcare, and can segment patients based on common medical attributes and conditions. PHM supports data aggregation, risk stratification, care coordination, and patient communication. 

 

As the complexity of care delivery, payment models, and clinical needs increase, so does the need for procedures. PHM combines multiple functions to process clinical process, financial and operational data to improve efficiency and patient care. The adoption of healthcare IT solutions is the result of an increasing preference for value-based reimbursement structures and responsible care. In 2010, the US government introduced the Patient Protection and Affordable Care Act, which promotes high-quality care and reduces costs. 

 

The law also encourages the establishment of Responsible Care Organizations (ACOs) to work with payers to provide high-quality healthcare. The U.S. Department of Health and Human Services plans to use 50% of health insurance expenditures for value-based reimbursement. Under the value-based model, the medical service delivery system (hospitals, doctors, and other healthcare providers) is the responsibility of the purchasers (consumers, employers, and governments) and payers (private and public) of medical services. The disease management plan analyzes demographic data and healthcare utilization, while identifying high-risk target populations.

 

 PRODUCT INSIGHT: 

The service sector has the largest market share because hospitals and other care providers now prefer internal systems to avoid letting third parties evaluate patient data. The increasing demand for integrated healthcare systems is also the reason for the increasing demand for PHM. With the rising cost of healthcare, manufacturers are investing in research and development to launch innovative products to help healthcare organizations. 

For example, in June 2019, Health Catalyst, Inc. announced the launch of its Population Health Foundations solution. The product includes DOS Marts, Excel compatible analysis tools, Population Builder: hierarchical modules, Leading Wisely: population health and community care as technical components, and PHM solution optimization and PHM opportunity analysis as service components.

 

END USE INSIGHT: 

Healthcare providers accounted for the majority of the population health management (PHM) market in 2020. PHM improves clinical outcomes by helping better disease management, thereby reducing hospital stays and doctors’ general observation time. Therefore, providers can pay more attention to patient-centered care and reduce overall costs.

 

REGIONAL INFROMATION: 

In terms of revenue share, North America dominated the market in 2020. It is estimated that the total health care expenditure in the United States in 2021 will reach 4.8 trillion U.S. dollars, accounting for nearly 20% of the gross domestic product (GDP) by 2021. As a result, the astonishing increase in health care costs has in turn increased the demand for effective PHM. 

 

The government is focusing on increasing incentives and investments to improve national health by accurately monitoring the health of the population and its subgroups. Due to the improvement of medical infrastructure and the increase in medical expenditure, the PHM market in the Asia-Pacific region is expected to experience the fastest growth during the forecast period. In addition, the incidence of chronic diseases in the Asia-Pacific region is expected to double from 2001 to 2025. Managing the data generated by this growth will require advanced data analysis, which is expected to drive market growth.

 

 MAJOR COMPANIES AND MARKET SHARE PROSPECTS:  

Some of the major players in the global PHM market are Allscripts, McKesson Corporation, Cerner Corporation, etc. Acquisitions and partnerships with other market participants are some of the most common strategies adopted by companies in this market to strengthen their regional influence. For example, Allscripts announced the acquisition of CarePort in 2016 to strengthen its position in the post-acute care environment. 

 

In March 2018, Cerner Corporation signed a cooperation agreement with Salesforce, a major player in customer relationship management (CRM), to integrate Salesforce Marketing Cloud and Health Cloud with its cloud-based population health platform HealtheIntent.

 

 MARKET SEGMENT COVERED BY THE REPORT: 

This report forecasts global, regional and national revenue growth, and analyzes the latest industry trends in each market segment from 2022-2030. For the purpose of this research, Kenneth Research has subdivided the global population health management market report based on product, end use, and region: product insight (revenue, millions of dollars, 2022-2030) software service end use insight (revenue) , USD million, 2022-2030) Payer Supplier Employer Group. "
 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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