Population Health Management Market Size, Share, and Trends 2024 to 2034

Population Health Management Market Size and Forecast 2024 to 2034

The global population health management market size accounted for USD 36.49 billion in 2024 and is expected to be worth around USD 186.17 billion by 2034, at a CAGR of 17.7% from 2024 to 2034. The North America population health management market size reached USD 14.57 billion in 2023.

Population Health Management Market Key Takeaways

• North America has generated a revenue share of over 47% in 2023.
• By product, the services segment held a revenue share of 52.6% in 2023.
• The software product segment has captured a 47.4% revenue share in 2023.
• By end use, the healthcare providers segment has accounted for a revenue share of 49% in 2023.

U.S. Population Health Management Market Size and Growth 2024 to 2034

The U.S. population health management market size was estimated at USD 10.22 billion in 2023 and is predicted to be worth around USD 62.68 billion by 2034, at a CAGR of 17.9% from 2024 to 2034.

North America led the global population health management market in terms of revenue share in the year 2023. Total spending on healthcare infrastructure in the United States expected to reach USD 4.8 Trillion the year 2021 that accounted for nearly 20% of the overall Gross Domestic Product (GDP) of the country by 2021. Thus, an alarming increase in the healthcare costs is predicted to escalating the requirement for an effective PHM. The government is also focusing on increased investments and incentives to enhance national health by precisely tracking the health of the population and its subgroups. The above mentioned factors analyzed to contribute prominently towards the flourishing growth of the region.

Apart from this, the Asia Pacific population health management market anticipated to exhibits the fastest growth rate over the forecast period because of rising healthcare expenditure along with improving healthcare infrastructure. Rising medical tourism, reforms and investments to modernize China’s healthcare infrastructure, implementation of new ICT guidelines in Japan, rapidly growing healthcare industry in India, along with the implementation of IT programs in New Zealand and Australia together contribute prominently towards the overall market growth of the region. In addition, the incidence of chronic diseases in the region expected to double its rate between years 2001 and 2025. Management of the data generated from this sudden rise in the number of patients suffering from chronic disease will require advanced data analytics solution that projected to boost the growth of the market in the region.

Population Health Management Market Growth Factors

The healthcare industry is rapidly transforming from paper-based system into a digitized system, escalating the demand for healthcare IT services. In addition, rising demand for solutions that support value-based care delivery by healthcare shareholders has resulted in a shift towards Value-Based Payment (VBP) from Fee-For-Service (FFS) models. Increasing demand for effective disease management strategies also predicted to boost market growth.

Population Health Management (PHM) aims at solution based on data of healthcare about the population level and enables the segregation of patients on the basis of common medical conditions and attributes. PHM permits care coordination, risk stratification, data aggregation, and patient communication.

With the rising complexity in payment model, care delivery, and clinical needs demand for PHM programs that combine multiple functions is rising that can process financial, clinical, and operational data to improvise the efficiency and patient care.

Market Scope

Product Insights

The services segment held the largest market share in terms of revenue as hospitals and other care providers prefer in-house solution &system to avoid the participation of third parties for assessing patient’s data. Increasing requirement of integrated healthcare systems is also responsible for the escalating demand for PHM.

With increasing healthcare costs, manufacturers invest prominently in the Research & Development (R&D) activity to introduce innovative products for helping healthcare organizations. For instance, in June 2019, Health Catalyst, Inc. launched Population Health Foundations solution.

On the contrary, software segment contributes prominently towards the value growth of the global population health management market. The significant share of the segment is attributed to the increasing adoption of software solutions by providers and payers to increase cost-effectiveness, reduce readmissions, enhance patient engagement, improved operational efficiency, and aid data analysis and integration.

End-use Insights

Healthcare providers captured the maximum value share in the population health management market in the year 2023. PHM improves the outcomes from medical centers and clinics by providing them better disease management that results in reduced in-patient stay at hospitals and medical centers along with reducing the total observation hours of physicians. Hence, providers can focus more on reduce overall costs as well as patient-centric care. Further, significant investment in the acute hospital care expected to boost the growth of providers in the coming years. Rising number of geriatric population because of which people are more vulnerable to the chronic diseases significantly escalates the demand of healthcare providers market growth.

On the other hand, payers are the third-party bodies who reimburse or finance the cost of health services. Predictive analytics competency provides payers a benefit over other providers for interpreting unstructured clinical content and population behavior. This competitive advantage is contributes notably in accelerating the demand for PHM software for payers and projected to propel the growth of the segment significantly over the analysis period. The above mentioned factors anticipated to contribute positively towards the lucrative growth of the segment.

Population Health Management Market Companies

• Cerner Corporation
• Allscripts Healthcare, LLC
• Conifer Health Solutions, LLC
• Enli Health Intelligence
• eClinicalWorks
• McKesson Corporation
• Optum, Inc.
• Medecision
• Advisory Board
• Athenahealth, Inc.
• Koninklijke Philips N.V.
• Welltok
• RedBrick Health Corporation

Segments Covered in the Report

By Product

• Services
• Software

By End-Use

• Providers
• Payers
• Employer Group

By Delivery Mode

• On-Premise
• Cloud-based

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World