Population Health Management Market, By Component (Software, Services), By Platform (Cloud-based, On-premise), By End-Users (Healthcare Payers, Healthcare Providers and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Population Health Management Market was valued at US$ 36.2 Billion in 2024 and is projected to grow at a CAGR of 15.30% to reach US$ 149.6 Billion by 2034.

Population Health Management is the process to improve clinical health outcomes of an individual via patient engagement and improved care co-ordination by accurate care and financial models.

Growing need to reduce healthcare cost has become a major factor in market growth. Growing demand for person-centered care and improved healthcare has further driven the demand for market growth. Technological advancement in healthcare sector and growing strategic partnerships of major players is expected to propel the demand for Population Health Management market growth in future.

Growing prevalence of chronic diseases

Rising prevalence of chronic diseases has become major factor in market growth as it has increased burden over government budgets and healthcare sector. Growing geriatric population has given rise in chronic diseases such as cardiovascular diseases, diabetes, cancer, asthma, Crohn’s disease, arthritis and others which in turn powered the market growth.

According to CDC (Centers for Disease Control and Prevention), in United States around 6 in 10 adults have chronic diseases and 4 in 10 adults have two or more type of chronic diseases. Further, around $4.1 trillion of nation’s cost is spent on Annual Health Care for chronic diseases which has become a leading cause of death and disability.

For instance, according to CDC (Centers for Disease Control and Prevention), in United States around 37.3 million people have diabetes and around 26.4 million people aged over 65 years and older has pre-diabetes.

For instance, in 2019, according to CDC (Centers for Disease Control and Prevention), around 1,752,735 new cancer cases were reported and 599,589 people were died of cancer in United States.

Further,  According to the CDC (Centers for Disease Control and Prevention), in the United States, around 697,000 people died from heart disease, and around 20.1 million adults aged 20 and older are suffering from coronary artery disease (CAD), which in turn supports the growth of target Market.

Thus, growing prevalence of chronic diseases such as diabetes, cancer, heart diseases and others has given rise in adoption of Population Health Management solution globally.

Restrains:

However, rise in data breaches due to outdated policies, lack of management support, lack of control over information about patient has restrain the Population Health Management Market growth.

Population Health Management Market is segmented based on Component, Platform, End-Users and Region.

Component Insight

On the basis of Component, Population Health Management Market is segmented into Software, Services. Software component segment is expected to dominate the target market growth as it help in reducing the re-admissions and also provides flexibility in customizations for patients.

Platform Insights

On the basis of Platform, Population Health Management Market is segmented into Cloud-based, On-premise. Cloud-based platform segment is expected to dominate the target market growth as it provides effectiveness and accessible over internet without requirement of participation by healthcare management.

End-Users Insights

On the basis of End-Users, Population Health Management Market is segmented into Healthcare Payers, Healthcare Providers and Others. Healthcare Providers end-user segment is expected to dominate the target market growth. Increasing patient pool and growing burden on hospitals to manage patient data and need for improved healthcare services is likely to propel end-user segment of market.

Regional Insights:

On region the Population Health Management Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, rising prevalence of chronic disease, high disposable income, robust healthcare infrastructure, advanced technological development and presence of key players is anticipated to increase demand for Population Health Management in the region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Population Health Management Market report based on Component, Platform, End-Users and Region.

Population Health Management Market, By Component:

• Software
• Services

Population Health Management Market, By Platform:

• Cloud-based
• On-premise

Population Health Management Market, By End-Users:

• Healthcare Payers
• Healthcare Providers
• Others

Population Health Management Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
  • Canada

The key players operating the Population Health Management Market includes, Epic Systems Corporation, Cerner Corporation, Optum, Koninklijke Philips, IBM Corporation, Allscripts Healthcare, LLC., Enli Health Intelligence, Health Catalyst, United Health Group, NextGen Healthcare Inc., and others.

Recent Development:

• In December 2022, Morris Heights Health Center and Garage joined the strategic partnership in which Morris Heights will use the Garage’s SaaS (Software as a Service) population health management platform to improve healthcare management, to lower the cost and to provide better care for patient.
• In November 2019, Collaborative Health Systems (CHS), launched new population health management platform through partnership with ‘The Garage’ a healthcare technology company to provide value-based care for patients in United States. New platform include tools such as Population Health Management, Care Co-ordination Connectivity, Member and Patient Engagement and Care Management.

• Epic Systems Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Cerner Corporation
• Optum
• Koninklijke Philips
• IBM Corporation
• Allscripts Healthcare, LLC.
• Enli Health Intelligence
• Health Catalyst
• United Health Group
• NextGen Healthcare Inc.

“*” marked represents similar segmentation in other categories in the respective section