Population Health Management Solutions Market Size - By Component (Software, Services), Mode of Delivery (Cloud-based, On-premises), End-use (Healthcare Providers, Healthcare Payers), & Forecast 2023 - 2032

Population Health Management Solutions Market Size

Population Health Management Solutions Market size accounted for USD 28.5 billion in 2022 and is estimated to grow at 15.4% to reach USD 115.6 billion 2032. Increase in the burden of chronic diseases further escalates the demand for population health management solutions, thereby augmenting the market growth.
 

The medical industry is rapidly transforming with digitization resulting in high adoption of healthcare IT solutions for easy data management of population health status. Rising healthcare expenditure coupled with increasing demand for effective health management solutions and advances in healthcare technology, particularly in data analytics, electronic health record (HER), and health information exchange is accelerating the market growth.
 

Population health management (PHM) is a system to collect and evaluate a patient's health-related data. Patient engagement, data integration, care coordination, value-based care measurement, chronic disease management, and health information management are all included in these solutions. It primarily focuses on enhancing population health and improving healthcare outcomes. It also helps patient and healthcare professionals have real-time access to medical information.
 

COVID-19 Impact

The COVID-19 pandemic had a positive impact on the growth of the population health management solutions market. The pandemic highlighted the importance of managing population health effectively. Healthcare organizations and governments recognized the need for PHM solutions to monitor and manage population during such outbreaks. This increased demand for PHM solutions. Also, with lockdowns and social distancing measures, remote patient monitoring became crucial. Hence, PHM solutions that facilitate remote monitoring of patient’s health conditions and enable telehealth consultations observed a surge in adoption.
 

Moreover, governments and healthcare organizations have recognized the importance of investing in PHM solutions to build resilient healthcare systems capable of responding to future crises and effectively manage population health.
 

Population Health Management Solutions Market Trends

Growing geriatric population base coupled with rise in chronic diseases will aid in market progress. PHM solutions help identify and manage risk factors associated with aging, such as chronic conditions and lifestyle-related diseases. By using data analytics and risk stratification techniques, healthcare providers can identify high-risk individuals and implement preventive measures to reduce the likelihood of disease occurrence or progression. Population health management solutions also provide tools and strategies to identify individuals at risk for chronic diseases, implement preventive measures, and manage their conditions more effectively, reducing the burden on healthcare systems.
 

The solutions enable coordinated care among various healthcare providers, including primary care physicians, specialists, and caregivers. Therefore, by integrating and analysing health data from different sources, these solutions can help optimize treatment plans, ensure medication adherence, and reduce hospital readmissions. Hence, increasing chronic diseases will increase the adoption of PHM solutions.
 

Population Health Management Solutions Market Restraint

PHM solutions deal with vast amounts of sensitive healthcare data, including patient records and health information. Inadequate security measures can lead to cyberattacks and data breaches that could lead to unauthorized access, misuse, or theft of sensitive patient data. For instance, as per the HIPAA journal in 2020, around 616 data breaches were reported to the HHS Office of Civil Rights in the U.S., resulting in 28,756,445 healthcare records being exposed. Hence, privacy and security concerns are significant barriers to adoption of PHM solutions, as healthcare organizations and patients are cautious about the potential threat to privacy and confidential data.
 

Population Health Management Solutions Market Analysis

Based on component, the population health management solutions market is segmented into software and services. The services segment dominated the market in 2022 with a revenue share of 51.6%. High market share can be attributed to the rising demand for PHM services among hospitals and other healthcare organizations to effectively manage patient data. Further, PHM services offer improved health outcomes, cost savings, enhanced patient care & coordination, preventive care, data driven decision making, and population health surveillance.
 

Based on mode of delivery, the population health management solutions market is divided into on-premises and cloud-based. The cloud-based segment held the largest revenue share of 71.9% in 2022 and is anticipated to register the highest CAGR during the forecast period. High demand for cloud-based solutions is because, these solutions can be accessed from anywhere with an internet connection, allowing healthcare providers and administrators to access and analyse population health data remotely.
 

Additionally, cloud-based solutions eliminate the need for upfront investments in hardware, and infrastructure and are cost effective. Further, cloud service providers invest heavily in security measures to protect sensitive health data. They employ robust encryption techniques and disaster recovery plans to ensure data privacy and security.
 

By end-use, the population health management solutions market is segmented into healthcare providers, healthcare payers, and other end -users. The healthcare providers segment held high revenue of USD 17 billion in 2022 owing to surge in demand for population health management solutions. PHM solutions help healthcare providers reduce costs by managing chronic conditions, preventing unnecessary hospital admissions and readmissions, and avoiding expensive complications. By focusing on preventive care and early intervention, providers can reduce the overall cost of healthcare while improving patient outcomes. Thus, high adoption of these solutions by healthcare providers will foster the market expansion.
 

North America dominated the population health management solutions market with a revenue share of 38.3% in 2022. High regional growth can be attributed to increasing health awareness amongst people and high adoption of digital health solutions in the region coupled with advanced digital health infrastructure. Also, rapid technological advancements in population health management solutions, high healthcare spending, and rising burden for chronic diseases further facilitates the market growth. Moreover, presence of several key market players offering PHM solutions in the U.S. and favorable environment for entry of new players further enhances the regional market trends.
 

Population Health Management Solutions Market Share

Major market players operating in the population health management solutions market include

• Oracle (Cerner Corporation)
• Epic Systems Corporation
• Koninklijke Philips N.V.
• i2i Population Health
• Health Catalyst
• UnitedHealth Group (Optum, Inc)
• eClinicalWorks
• Veradigm LLC (Allscripts Healthcare Solutions, Inc.)
• IBM Corporation
• HealthEC, LLC
• AthenaHealth
• COTIVITI, INC
• NXGN Management, LLC
• Conifer Health Solutions, LLC
• MCKESSON CORPORATION
• Health EC

These industry players majorly adopt various strategies including collaborations, acquisitions, mergers, and partnerships to create a global footprint and sustain market competition.
 

Population Health Management Solutions Industry News:

• In September 2022, CPSI and i2i Population Health entered into a partnership to deliver population health management (PHM) solutions to improve community health and patient satisfaction. With this collaboration, i2i’s integrated premier PHM platform enables CPSI clients to improve quality performance, thereby increasing revenue and reimbursement.
   
• In February 2020, Allscripts Healthcare Solutions and Manorama Infosolutions, a healthcare IT company located in India, entered into a partnership to deliver health information exchange and population health management services in India and other emerging markets. This strategy helped he company to expand its regional presence.
   

The population health management solutions market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

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By Component

• Software
• Services

By Method of Delivery

• Cloud-based
• On-premises

By End-use

• Healthcare Providers
• Hospitals & Physician Groups
• Ambulatory Care Centers
• Other Healthcare Providers 
• Healthcare Payers
• Public Payers
• Private Payers
• Other End-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA