Global Population Health Management Market Insights and Forecast to 2028

Population Health Management Market Size

The global Population Health Management market size is projected to reach USD 44640 Million by 2028, from USD 17060 Million in 2021, at a CAGR of 14.6% during 2022-2028. The population health management market is expected to grow as a result of factors such as the need to improve patient care, decrease hospital admissions, decrease readmissions, shorten hospital stays, lower healthcare costs, and streamline healthcare records.

Trends Influencing the Growth of Population Health Management Market

Because of the need to improve clinical outcomes, the Population Health Management Market is expected to grow. PHM tools help clinicians gather and analyse data to create a comprehensive, actionable clinical picture of each patient. Clinicians can use the data generated by these tools to track and improve clinical outcomes. BI tools can combine data to create a comprehensive clinical picture of each patient. Healthcare facilities can use the data to track the clinical outcomes of those patients. Clinical, financial, and operational data can be combined to better coordinate care delivery across a patient population. If healthcare organisations have the right data, they can use disease, case, and demand management to improve patient care.

Furthermore, population health management is an excellent way to refocus healthcare in order to avoid many costly health conditions and lower overall healthcare costs. By identifying and monitoring specific people in a population, healthcare organisations hope to reduce hospital admissions, readmissions, and lengths of stay. Population health benefits providers because funds are spent more efficiently, allowing for investments where they are most needed. Population health can save money by reducing hospital admissions, shortening stays, and reducing readmissions. The population health management market is expected to grow as a result of this factor.

EHRs are critical for documenting and sharing vital patient data, as well as storing it for clinicians to access. By collecting and storing patient data, healthcare providers can keep a streamlined record of care and create a care plan tailored to an individual. This is expected to boost the market for Population Health Management. After that, management can allocate resources to provide customised care that best meets the needs of the population and individual members.

Remote monitoring and telehealth are also improving the population health ecosystem and changing the way doctors provide care. In the United States, virtual solutions have helped to alleviate a primary care physician shortage. As a result of this factor, the population healthcare management market is expected to grow. By allowing an AI-driven virtual assistant to conduct primary care appointments and follow-ups, patients receive medical support at home when they need it, limiting in-person visits and reducing the resource burden on physicians – a tactic used by UnitedHealth and Aetna. As a result, technological advancements are expected to propel the population health management market forward.

Population Health Management Market Share

Based on type, The software segment held the largest share of the Population Health Management market. This segment's dominance can be attributed to payers and providers' increased adoption of software solutions to reduce readmissions, increase cost-effectiveness, improve operational efficiency, improve patient engagement, and aid data integration and analysis.

Based on the application, Healthcare Providers held the largest share of the Population Health Management market. The Affordable Care Act and Hospital Readmissions Reduction Program in the United States, as well as high demand for these solutions among healthcare providers across regions, are responsible for the population of this segment.

Due to improvements in medical infrastructure and rising medical costs, the Asia Pacific PHM market is expected to grow at the fastest rate during the forecast period. The Asia Pacific population health management market is being driven by the rise of medical tourism, the implementation of new ICT guidelines in Japan, investments and reforms to modernise China's healthcare infrastructure, the rapidly growing healthcare industry in India, and the implementation of IT programmes in Australia and New Zealand.

Population Health Management Market By Type

• Software
• Services

Population Health Management Market By Application

• Payers
• Providers
• Employers

Key Players

• IBM
• Optumhealth
• Cerner
• Healthagen
• Verscend Technologies
• I2I Population Health
• Epic
• Orion Health
• Forward Health
• Change Healthcare
• GSI Health
• EClinicalWorks

By Regions

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Scope of Population Health Management Market Report