The global population health management market size was US$ 19.2 billion in 2021. The global population health management market size is estimated to reach US$ 61.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.7% during the forecast period from 2022 to 2030.
Population health management (PHM) is the process of improving clinical health outcomes for a specific group of people through better care coordination and patient participation, supported by appropriate financial and care models. Its main goal is to collect and evaluate clinical data from the patient's healthcare environment to uncover opportunities to improve both the patient's health and the provider's financial outcomes. This concept shifts primary care service delivery from reactive to proactive population management.
Factors Affecting Marketing Growth
The increase in the elderly population, a rise in the number of per capita healthcare expenditures, and an increase in the utilization of the Internet of things (IoT) for healthcare drive the growth of the global market.
The increase in the personalization of medicines, and a rise in investments in the healthcare industry significantly boost the growth of the global market.
A plethora of product development in the upcoming years and key developmental strategies aimed at rising awareness and accessibility by the healthcare providers & players boosts the growth of the global market.
Impact on COVID-19 Analysis
COVID-19 resulted in a huge number of clinics and hospitals across the globe to increase hospital capacity for patients. Non-essential procedures took a potential backlog, due to rapidly rising COVID-19 cases. The lockdown led to the disruption of manufacturing and transportation of healthcare essentials. Furthermore, other factors responsible for the impact on the market include limited availability of medical care, shortage of healthcare staff, and increase in the burden of COVID-19-related hospitalization. Thus, COVID-19 had a negative impact on the growth of the global market.
North America accounted for a majority of the global population health management market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in population health management solutions, the integration of advanced software & data analytics, and the presence of key players in the region.
Asia-Pacific is anticipated to witness notable growth, due to the increase in the geriatric population, development of healthcare infrastructure, and growth in investment projects in the region.
The prominent players in the global population health management market are:
Koninklijke Philips N.V
Health Care Service Corporation
Epic Systems Corporation
Cedar Gate Technologies
Allscripts Healthcare Solutions
The global population health management market segmentation focuses on Components, Mode of Delivery, End User, and Region.
Segmentation on the basis of Components
Segmentation on the basis of Mode of Delivery
Segmentation on the basis of End User
? Hospitals & Physician Groups
? Ambulatory Care Centers
? Public Payers
o Private Payers
Segmentation on the basis of Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America