Population Health Management Solutions Market Size

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.

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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.