The global population health management market size was estimated at USD 70.0 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2030. 

The medical industry is rapidly transforming to digitization from a paper-based system, increasing demand for healthcare IT services. In addition, increasing demand for solutions supporting healthcare providers has resulted in a shift from Fee-For-Service (FFS) to Value-Based Payment (VBP) models. Rising demand for effective disease management strategies is expected to boost market growth.

During the COVID-19 pandemic, medical institutions were under tremendous strain, and healthcare industry globally was swamped by a high number of patients regularly. The pandemic has increased necessity for reliable diagnostic and treatment solutions. PHM solutions have proven to be extremely beneficial for healthcare providers as they integrate solutions such as care management, electronic health records, and patient management & healthcare payer solutions such as payment and claim management.

Gather more insights about the market drivers, restrains and growth of the Population Health Management Market

Detailed Segmentation:

Market Dynamics

Government bodies are aiding healthcare providers to integrate PHM software to improve patient outcomes and reduce overall healthcare expenditure. For instance, UK government and NHS are launching several programs and policies that are expected to create opportunities for PHM providers. For instance, in July 2022, UK parliament passed Health and Care Bill, granting legal responsibilities and statutory footings to ICSs, which is expected to have a direct impact on UK market.

Product Insights

Based on product, market is segmented into software and services. In 2023, services segment gained a major market share of 51.6%. Demand for PHM services is increasing among hospitals and other healthcare organizations to involve third parties to assess patient data. Need for integrated healthcare systems is also responsible for increasing demand for PHM services.

Delivery Mode Insights

Based on delivery mode, market is segmented into On-Premise and Cloud-based. Cloud-based segment held the largest market share of 71.9% in 2023 and is anticipated to register the fastest CAGR over the forecast period. In addition, a cloud-based population health management suite improves processes with cutting-edge data integration technologies and advanced analytics, further benefiting end-user to meet their population health management requirements.

End-use Insights

Healthcare providers segment held a revenue share of 48.0% in 2023, owing to improved clinical outcomes by aiding in better disease management, resulting in reduced in-patient stays and minimized observation hours of physicians. Healthcare providers are increasingly investing in population health management to offer better outcomes. It can be used to track discharged patients’ vital signs, which can then be analyzed to provide insights into patient’s health.

Regional Insights

North America dominated the market and is anticipated to grow lucratively throughout forecast period with a revenue share of 46.2% in 2023. Growth is driven by reduced medical costs, cloud computing, regulatory scenarios, rising use of information technology in healthcare, and increasing disease prevalence. Furthermore, in this region, the U.S. is one of the primary hubs that offer commercialized PHM services, with more than 100 companies operating in region. High potential of market is attracting new players into region and simultaneously, existing players are making value-based additions to their current offerings to create new opportunities in market.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global clinical risk grouping solution market size was estimated at USD 703.10 million in 2023 and is anticipated to grow at a CAGR of 13.13% from 2024 to 2030.

• The global digital therapeutics market size was estimated at USD 6.2 billion in 2023 and is expected to grow at a CAGR of 27.2% from 2024 to 2030. 

Key Companies & Market Share Insights

Companies' strategic initiatives to strengthen their market presence include mergers and acquisitions, providing customized solutions, and business partnerships with other key players. Furthermore, as part of their commercialization strategies, companies are investing significant sums of money in developing new products and platforms with enhanced and improved features.

• For instance, in January 2023, Gainwell Technologies was awarded a USD 600 million contract by the California Department of Health Care Services as part of the CalAIM initiative for population health management services.

• In October 2022, MEDITECH introduced Expanse Population Insight, a population health management product. The product is supported by the Innovaccer Data Platform and offers data aggregation and curation along with care delivery and data analytics.

Key Population Health Management Companies:

• Veradigm LLC

• Oracle

• Conifer Health Solutions, LLC

• eClinicalWorks

• Enli Health Intelligence (Cedar Gate Technologies)

• McKesson Corporation

• Medecision

• Optum, Inc.

• Koninklijke Philips N.V.

• Athenahealth, Inc.

• Welltok (Virgin Pulse)

Population Health Management Market Segmentation

Grand View Research has segmented the global population health management market based on product, delivery mode, end-use, and region.

Population Health Management Product Outlook (Revenue, USD Million, 2018 - 2030)

• Software

• Services

Population Health Management Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• On-Premise

• Cloud-based

Population Health Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Providers

• Payers

• Employer Groups

Population Health Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

o Italy

o Spain

o Sweden

o Norway

o Denmark

• Asia Pacific

o Japan

o China

o India

o Australia

o Thailand

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

o Colombia

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Order a free sample PDF of the Population Health Management Market Intelligence Study, published by Grand View Research.