Population Health Management Market Expected to Reach $63.8 Billion by 2031

population health management market was valued at $19.2 billion in 2021, and is estimated to reach $63.8 billion by 2031, growing at a CAGR of 12.7% from 2022 to 2031. Population health management is a method of providing primary health care that incorporates active outreach and community participation in healthcare delivery. Its primary purpose is to collect, and analyze clinical data from a patient’s healthcare setting in order to identify possibilities to enhance the patient’s health and the provider’s financial outcomes. This strategy moves primary care service delivery from reactive to proactive management of a population group.

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Allscripts Healthcare Solutions, Inc., Arcadia, AthenaHealth, Inc., Cotiviti, Inc., Eclinicalworks, Cedar Gate Technologies, LLC (Enli Health Intelligence), Epic Systems Corporation, Health Catalyst, Inc.
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The population health management market growth driving factorsย are the increasing global population especially the geriatric population, surge in the number of per capita healthcare expenditure, rise in utilization of Internet of things (IoT) for healthcare. In addition, surge in personalization of medicines, and rising investments in the healthcare industry are the leading population health management market trends. However, data breaches and high investment cost may hinder the growth of the market. Conversely, plethora of product development in the upcoming years and key developmental strategies aimed at increasing the awareness and its accessibility by the healthcare providers & players is opportunistic for investment purpose.
By component, the population health management market size is segmented into software and service. The software segment generated maximum revenue in 2021ย owing to adoption of software solutions by healthcare providers and payers, increase cost-effectiveness, improved operational efficiency, and various product launch.ย 

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Depending on mode of delivery, the population health management industry is divided into on-premise and on-cloud. The on-premise segment dominated the market in 2021,ย owing to solution personalization, reduced risk of data breaches, and the opportunity to reuse existent servers. ย The cloud-based segment is expected to witness highest CAGR of 13.3% during the forecast period owing to higher efficiency, security and increased accessibility.
Depending on end user, the PHM market is divided into healthcare providers, healthcare payers and others. The healthcare providers segment dominated the market in 2021, owing to surge in the demand for population health management solutions as they improve clinical outcomes by assisting in disease management and lowering of healthcare cost. The healthcare payers segment is expected to witness highest CAGR of 13.8% during the forecast period owing to increase in demand for population health management solutions by the healthcare payers, owing to increase in need for no third party involvement in the process.
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, integration of advanced software & data analytics, and presence of key players in the region. However, Asia-Pacific is anticipated to witness notable PHM industry growth, owing to rise in geriatric population, development of healthcare infrastructure and increase in investments projects in the region.
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๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

โ€ขย ย  ย By component, the software segment was the highest contributor to the market in 2021.
โ€ขย ย  ย By mode of delivery, the on-premise segment was the highest contributor to the market in 2021.
โ€ขย ย  ย Depending on end user, the healthcare providers segment was the highest contributor in 2021, and is expected to continue this trend during the forecast period.
โ€ขย ย  ย Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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