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Global Population Health Management (PHM) Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Mar 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Population Health Management (PHM) Market, By Platform (Cloud-Based, On-Premise), Component (Software, Services), End User (Healthcare Providers, Healthcare Payers, Others) – Industry Trends and Forecast to 2030.

Population Health Management (PHM) Market

Population Health Management (PHM) Market Analysis and Size

Several clinical, financial, and operational data can be handled with the help of population health management (PHM) solutions that increase efficacy and patient care. Medical reimbursement is growing due to the increased importance of accountable care organizations in health management programs (ACOs) and value-based payment (VBP). Additionally, the higher adoption of population health solutions by ACOs is because of the simplicity offered by value-based payment models.

Data Bridge Market Research analyses that the population health management (PHM) market, which was USD 29.88 billion in 2022, would rise to USD 128.48 billion by 2030 and is expected to undergo a CAGR of 20% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Population Health Management (PHM) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Platform (Cloud-Based, On-Premise), Component (Software, Services), End User (Healthcare Providers, Healthcare Payers, Others)

Countries Covered

U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

MCKESSON CORPORATION (U.S.), Verisk Analytics, Inc (U.S.), Forward Health Group, Inc (U.S.), Health Catalyst (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Medecision (U.S.), Xerox Corporation (U.S.), Allscripts Healthcare, LLC (U.S.), Fonemed (Canada), General Electric (U.S.), HealthBI (U.S.), NXGN Management, LLC (U.S.), Optum Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), IBM (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany)

Market Opportunities

  • Growing Collaborations of Market Players Dealing with PHM

Market Definition

Population health management (PHM) is a complete process or system to collect and evaluate a patient's health-related data. Patient involvement, integration, care coordination, value-based care measurement, and health information management are all included in this management. It primarily focuses on enhancing population health and improving healthcare outcomes. It also helps patients and healthcare professionals have real-time access to medical information.

Global Population Health Management (PHM) Market Dynamics

Drivers

  • Increasing Incidence of Chronic Disorders

Chronic illness is the main driving force in the population health management sector. About one in three of all adults suffer from multiple chronic conditions globally. Around 6 in 10 adults in the U.S. suffer from chronic diseases. In these kinds of cases of chronic illness, patient record maintenance and surveillance are very important. The demand for effective treatment has surged to a great extent due to chronic sickness. Thus, this factor increases the market growth.

  • Increasing Investments for R&D Associated with Population health management (PHM)

Several manufacturers invest in research and development to develop innovative products to assist healthcare organizations. For instance, Allscripts announced its agreement to sell the CarePort Health business to WellSky Corp in 2020 with a payment of approximately USD 1.35 billion. Furthermore, Health Catalyst, Inc. announced the launch of its Population Health Foundations solution in 2019. Thus, this factor boosts market growth.

Opportunities

  • Growing Collaborations of Market Players Dealing with PHM

Several companies are investing in developing new products and collaborating with other companies to increase market growth. In 2021, Phillip Healthcare launched its full remote emergency patient flow management solution. Furthermore, Cerner Corporation collaborated with Salesforce, a major Customer Relationship Manager (CRM) player, in 2018. The aim was to combine Salesforce Marketing Cloud and Health Cloud with its cloud-based population health platform, HealtheIntent. Thus, this factor boosts market growth.  

Restraints/Challenges

  • High Cost of Equipment

In recent years, it has been witnessed that the high costs of operating room equipment are limiting its use, mostly in low-income countries, and will largely impede the population health management (PHM) market's growth rate. Arranging the whole system with proper equipment demands a major cost. Thus, it impedes market growth.

This population health management (PHM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the population health management (PHM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In 2020, Manorama Infosolutions and Allscripts formed a partnership to enable Manorama to integrate the Allscripts interoperability platform, dbMotion Solution, with the Lifeline Suite of solutions. This will allow the company to expand its reach into India and other regions.
  • In 2021, Phillips Healthcare entered into a partnership with openDoctor with an aim to deliver an integrated radiology patient engagement platform. With this agreement, Philips Patient Management Solution and openDoctor enable a transformation in contactless registration, patient radiology scheduling, and automated communications and education, all from a mobile device.

Global Population Health Management (PHM) Market Scope

The population health management (PHM) market is segmented on the basis of platform, component and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Platform

  • Cloud-Based
  • On-Premise

Component

  • Software
  • Services
  • Post-Sale and Maintenance Services
  • Consulting Services
  • Training and Education Service
  • Implementation Services

End User

  • Healthcare Providers
  • Hospitals and Physician Groups
  • Ambulatory Care Centers
  • Healthcare Payers
  • Public
  • Private
  • Others

Population Health Management (PHM) Market Regional Analysis/Insights

The population health management (PHM) market is analyzed and market size insights and trends are provided by platform, component and end-user as referenced above.

The countries covered in the population health management (PHM) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the population health management (PHM) market because of the growing incidences of chronic disorders in this region. Furthermore, increasing healthcare costs and growing healthcare expenditure will enhance this region's market's growth rate.    

Asia-Pacific is expected to witness significant growth due to increasing healthcare expenditure and demand for effective disease management strategies in this region. The factors, such as pressure on the healthcare industry to decrease medical costs and increasing use of information technology in healthcare, are boosting the market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The population health management (PHM) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for population health management (PHM) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the population health management (PHM) market. The data is available for historic period 2011-2021.

Competitive Landscape and Population Health Management (PHM) Market Share Analysis

The population health management (PHM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to population health management (PHM) market.

Some of the major players operating in the population health management (PHM) market are:

  • MCKESSON CORPORATION (U.S.)
  • Verisk Analytics, Inc (U.S.)
  • Forward Health Group, Inc (U.S.)
  • Health Catalyst (U.S.)
  • athenahealth, Inc. (U.S.)
  • Cerner Corporation (U.S.)
  • Medecision (U.S.)
  • Xerox Corporation (U.S.)
  • Allscripts Healthcare, LLC (U.S.)
  • Fonemed (Canada)
  • General Electric (U.S.)
  • HealthBI (U.S.)
  • NXGN Management, LLC (U.S.)
  • Optum Inc. (U.S.)
  • Conifer Health Solutions, LLC (U.S.)
  • IBM (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • Siemens Healthcare GmbH (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Population Health Management (PHM) Market is projected to grow at a CAGR of 20% during the forecast period by 2030.
The future market value of the Population Health Management (PHM) Market is expected to reach USD 128.48 billion by 2030.
The major players in the Population Health Management (PHM) Market are MCKESSON CORPORATION (U.S.), Verisk Analytics, Inc (U.S.), Forward Health Group, Inc (U.S.), Health Catalyst (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Medecision (U.S.), etc.
The countries covered in the Population Health Management (PHM) Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, etc.
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