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The population health management (PHM) market size is projected to increase by USD 22.55 billion, at a CAGR of 12.03% between 2023 and 2028. The growth rate of the market depends on several factors, including the rising adoption of healthcare IT, the increasing number of specialty and multichain hospitals, and the growing incidence of chronic disorders. These solutions enable stakeholders in the healthcare sector to deliver patient-centric care and help curtail the high costs associated with healthcare by reducing readmissions and ensuring that only appropriate and optimum interventions are provided to patients. These solutions streamline workflows by ensuring that the processes in care delivery function smoothly. Population Health Management strategies aim to prevent diseases, promote healthy behaviors, and ensure better coordination of care.
This market research and growth report provides market size, historical data spanning from 2018 to 2022, also includes an in-depth analysis of drivers, market trends and analysis, and challenges and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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An increasing number of specialty and multichain hospitals is the key factor driving market growth. Specialty hospitals are becoming more prominent as they specialize in particular medical conditions or patient populations. For example, specialty cancer centers, specialty cardiac hospitals, and specialty orthopedic hospitals offer specialized care and expertise to meet the unique needs of their patients. This specialization helps in disease management and prevention and contributes to the overall effectiveness of the efforts.
However, multichain hospitals operate across a network, allowing for a smooth continuum of care. They rely on interconnected health information systems to share patient information and deliver care in a coordinated manner. Moreover, multichain hospitals often use advanced analytics and AI to identify high-risk populations and take proactive actions, increasing the goals of population health management. Thus, such factors will drive the growth of the market during the forecast period.
The growing use of big data analytics is the primary trend shaping market growth. One of the major reasons for the big data analytics shift is the increasing amount of healthcare data available in the form of EHRs, wearable devices, and other social determinants of health. By analyzing this large and diverse data set, providers and organizations can gain insight into patterns, disease trends, and patient behaviors. This allows for more proactive and individualized interventions to improve overall health outcomes.
For instance, platforms such as I2i Systems Inc. and Oracle Corp. use big data to predict at-risk groups and disease events and improve care delivery. Big data platforms combine clinical data, financial data, and operating data to provide a holistic picture of population health and help healthcare providers make data-informed decisions. Thus, such factors are expected to fuel the growth of the market during the forecast period.
Rising data breaches in the healthcare sector is a challenge that affects market growth. Data breaches in the software can have serious consequences, from patient privacy to healthcare service disruption. The global market is confronted with the challenge of protecting large volumes of personal health data (PHI). Data breaches can result in identity theft, fraud, and a loss of public confidence in healthcare organizations.
Further, to tackle this issue, market players are spending heavily on cybersecurity solutions, encrypting technologies, and training employees to strengthen their defenses against data breaches. In addition, regulatory frameworks, such as HIPAA in the US, are being strengthened to ensure strict compliance with data protection regulations. Thus, such factors may impede market growth during the forecast period.
The market share growth by the software segment will be significant during the forecast period. The software segment is a dynamic and rapidly evolving sector, with various components contributing to its growth and development. The software segment is playing a pivotal role in enabling healthcare organizations to efficiently manage and improve the health outcomes of diverse populations. The software component encompasses a range of solutions designed to collect, analyze, and leverage health data for informed decision-making.
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The software segment showed a gradual increase in the market share of USD 12.49 billion in 2018. Leading companies in the market include Koninklijke Philips NV, McKesson Corp., and ZeOmega Inc. Not only do these software solutions help healthcare providers but they also give payers and accountable care organizations the tools they need to manage their covered population's health. As healthcare systems across the world adopt value-driven care models, sophisticated population health management software will continue to grow in demand. Owing to these factors, the software segment will grow and drive market growth during the forecast period.
Cloud deployment refers to the use of cloud-based infrastructure and services for storing, managing, and analyzing large amounts of health data, including patient data and symptoms. One of the primary reasons for cloud-based population health management adoption is the ease of integration and analysis of disparate data sets from multiple sources. Furthermore, cloud-based solutions make it easier for healthcare providers to work together across multiple sites. This is especially important when it comes to population health management where coordinated efforts are needed to improve patient outcomes and effectively manage healthcare resources. Thus, such factors under the cloud segment will boost market growth during the forecast period.
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North America is estimated to contribute 63% to the growth of the global market during the forecast period.
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America plays a pivotal role in the PHM market, showcasing dynamic growth and transformative healthcare trends. Fueled by advanced technologies and a shift toward proactive health management, the region boasts a sophisticated healthcare infrastructure and a high prevalence of chronic diseases. EHRs, telehealth, and data analytics are instrumental in shaping the market's future, with key players like ALLSCRIPTS HEALTHCARE SOLUTIONS INC. and NextGen Healthcare Inc. providing comprehensive solutions. Government policies in the US and Canada further drive the demand for these solutions, focusing on improved outcomes, cost reduction, and overall health enhancement. Thus, such factors will drive the growth of the regional market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
This market has seen significant growth in recent years due to the increasing emphasis on preventive healthcare and value-based care models. This market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the healthcare industry, the shift from fee-for-service (FFS) models to value-based payment (VBP) structures aims to control healthcare costs while enhancing quality of care. Physicians and healthcare payers are leveraging innovative healthcare IT solutions from companies like Medecision and Cerner Corporation to streamline healthcare services and improve patient outcomes. As the population ages, especially among adults with conditions like diabetes, there's a growing need for efficient treatment and care coordination. Consequently, there's been a surge in investments in technology to support patient care and wellness initiatives. Assessments of healthcare expenditure and revenue growth are crucial in understanding market dynamics, as the end user demands more efficient coordination and transition in healthcare delivery.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
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Population Health Management Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.03% |
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Market Growth 2024-2028 |
USD 22.55 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.37 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 63% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Arcadia Solutions LLC, athenahealth Inc., Cotiviti Inc., eClinicalWorks LLC, Health Catalyst Inc., HealthEC LLC, i2i Systems Inc., International Business Machines Corp., Koninklijke Philips N.V., Lightbeam Health Solutions, McKesson Corp., NextGen Healthcare Inc., Omnicell Inc., Oracle Corp., Press Ganey Associates LLC, Siemens AG, Tenet Healthcare Corp., ZeOmega Inc., and Innovaccer Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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