Population Health Management Market by Product Type (Software and Services), by Delivery Mode (On-Premise and Cloud-Based), and End User (Healthcare Providers, Healthcare Payers, and Government Organizations) – Global Opportunity Analysis and Industry Forecast 2024-2030

Population Health Management Market Overview

The global Population Health Management Market size was valued at USD 56.62 billion in 2023 and is predicted to reach USD 196.06 billion by 2030 with a CAGR of 19.4% from 2024-2030. The population health management (PHM) market refers to a diverse array of technologies, software platforms, and services aimed at enhancing the health outcomes of specific groups or populations. 

It involves strategically coordinating healthcare services to promote wellness, prevent diseases, and manage chronic conditions within these groups. Healthcare organizations utilize technologies such as electronic records and data analysis tools to understand and utilize information to assist patients. PHM vendors offer sophisticated analytics tools that aid in risk assessment and predictive modeling. This enables healthcare providers to allocate resources effectively, enhancing overall population health and reducing healthcare costs.

Market Dynamics and Trends

The increasing prevalence of chronic diseases, such as diabetes and cardiovascular conditions, necessitates the demand for population health industry. PHM helps to provide comprehensive solutions, leveraging data analytics, proactive interventions, and preventive strategies while reducing the burden on healthcare systems.

According to the Pan American Health Organization (WHO), cardiovascular diseases account for most non-communicable diseases. Around 17.9 million people annually, followed by cancers (9.0 million), respiratory diseases (3.9million), and diabetes (1.6 million), globally.

Also, the growing aging population boosts demand for healthcare, particularly in managing age-related problems thus fueling the PHM solutions to efficiently co-ordinate, prioritize interventions, and optimize resource allocation for older adults. According to the World Health Organization (WHO), 1 in 6 people in the world will be aged 60 years or over by the year 2030.

Moreover, the growing advancements in healthcare technology, such as electronic health records (EHRs), telemedicine, wearable devices, and healthcare analytics, have revolutionized PHM. It enables healthcare providers to collect, analyze, and utilize vast amounts of data to identify at-risk populations, personalize interventions, and improve overall population health outcomes.

As an example, Meditech, a healthcare-based company introduced population health tool integrated with Expanse Population Insight to improve EHR by giving healthcare organizations a full picture of their patients' health. It further helps to analyze the combined patient data and focuses to help the healthcare providers to make smarter decisions and create personalized care plans to meet everyone's unique health requirements.

However, the high upfront costs associated with development of infrastructure and technology is hindering the population health management market growth. On the contrary, the integration of Artificial Intelligence (AI) in PHM will create future opportunities as it enhances healthcare services by enabling predictive analytics for identifying at-risk patients focusing upon improving the health outcomes.

Market Segmentations and Scope of the Study

The population health management market report is divided on the basis of product type, delivery mode, end user, and region. Based on product type, the market is divided into software and services. On the basis of delivery mode, the market is divided into on-premise and cloud-based. On the basis of end user, the market is divided into healthcare providers, healthcare payers, and government organizations. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the population health management market share at present and is projected to continue its dominance throughout the forecast period. This is attributed to factors such as growing aging population which presents unique healthcare challenges, including the management of chronic diseases and age-related conditions.

PHM solutions are essential for addressing the complex healthcare needs of older adults, optimizing care delivery, and improving health outcomes in this demographic group. As per Pew Research center there are currently about 62 million adults ages 65 and older living in the U.S., accounting for 18% of the population. By the year 2054, an estimated 84 million adults aged 65 and older will constitute approximately 23% of the population.

Also, the increasing chronic disease burden in North America drives the demand for population health management solutions to effectively manage and prevent these conditions through early detection, intervention, and patient engagement strategies. As per Center for Disease Control and Prevention, there is an estimated 129 million people in the U.S., have at least 1 major chronic disease (heart disease, cancer, diabetes, obesity, hypertension).

On the other hand, Asia-Pacific is considered fastest growing region in the population health management industry. This is owing to the increasing burden of chronic diseases such as diabetes, cardiovascular diseases, and respiratory conditions. According to the Indian Council of Medical Research (ICMR), the total number of new cancer cases in India was recorded 1.46 million, with a crude incidence rate of 100.4 per 100,000 individuals. Around one in every nine individuals in India is anticipated to receive a cancer diagnosis at some point in their lifetime.

Also, the governments across the Asia-Pacific region are implementing various healthcare reforms and initiatives to improve healthcare access, quality, and affordability. As per Organization for Economic Cooperation and Development Japan spends USD 5251 per capita on health. This is equal to 11.5% of GDP. There are 2.6 practicing doctors per 1,000 population and 12.1 practicing nurses. Japan has 12.6 hospital beds per 1,000 population.

Competitive Landscape

Various key players in the population health management industry include Persistent Systems, Epic Systems Corporation, Lumeris Inc., Koninklijke Philips N.V., Cedar Gate Technologies, Health Catalyst, Arcadia Solutions LLC, Conifer Health Solutions, Cotiviti Inc., Orion Health group Ltd., and others. These market players are opting various strategies such as product launches to maintain their dominance in the global PHM market.

For instance, in February 2024 Persistent Systems launched an innovative Generative AI-powered PHM Solution, developed in collaboration with Microsoft. This cutting-edge solution is designed to ensure that patients receive top-tier care precisely when and where it is needed, all while streamlining capacity and maximizing cost-effectiveness for healthcare providers and organizations.

Moreover, in April 2024, Epic Systems Corporation announced the launch of an AI validation software suite. It aims to equip healthcare organizations with the capability to evaluate AI models at the local level and establish continuous monitoring mechanisms for these systems.

Key Benefits

• The report provides quantitative analysis and estimations of the population health management market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future population health management market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the population health management market is provided in the report.

• Competitive analysis of the key players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Population Health Management Market Key Segments

By Product Type 

• Software

• Services

By Delivery Mode

• On-premise

• Cloud-based 

By End User

• Healthcare Providers

• Healthcare Payers

• Government Organizations

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

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