Population Health Management Market
PUBLISHED: 2022 ID: SMRC21286
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Population Health Management Market

Population Health Management Market Forecasts to 2028 – Global Analysis By Component (Software, Services), Mode of Delivery (Cloud–Based, On Premise, Web-based), and By Geography

4.9 (53 reviews)
4.9 (53 reviews)
Published: 2022 ID: SMRC21286

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $25.33 BN

Projected Year Value (2028)

US $69.06 BN

CAGR (2021 - 2028)

15.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Population Health Management Market is accounted for $25.33 billion in 2021 and is expected to reach $69.06 billion by 2028 growing at a CAGR of 15.4% during the forecast period. Population health management refers to a program where the patient’s data is combined across numerous health information technology resources. This allows the analysis of these gathered data into a single and actionable patient record, which allows healthcare professionals to advance the clinical and financial outcomes of their patients. Most of the population healthcare management programs employ a business intelligence tool for the aggregation of data, which allows the healthcare professionals to build a precise and accurate clinical picture of every individual patient.

Market Dynamics:

Driver:

Growing Healthcare IT and Technological Advancement & Geriatric Population

The technological developments in healthcare IT, ensuing in improved and more accurate population health management programs which have led to greater acceptance of population health management for diverse healthcare needs which contains an aggregation of data across various sources. According to the Centers for Disease Control and Prevention (CDC), an estimated 1 in 6 adults in the United States suffer from some chronic disease, with 1 in 4 individuals having more than 2 chronic diseases. Increased technological advancements in electronic health records (EHR), analytics, blockchain technology and improved population education are also further contributing to the increase of the market size. The above factors combined with the population health management market such as changes in the reimbursement model boost the market growth. The growing geriatric population is bolstering the growth of the population health management market. The elderly population requires extensive care as they are prone to illness due to low immunity levels and high recovery time. The elderly people are more susceptible to chronic diseases, such as cancer and cardiovascular diseases, thus leading to an increase in demand for better diagnosis, prevention, and treatment. The older population also has an increased need for personalized medicine, as they have low immunity and are more susceptible to drug allergies. Therefore, the growing geriatric population creates increased demand for PHM.

Restraint:

High Cost 


Population health management is a capital intensive technology. The healthcare infrastructures in many provinces are scarce. It makes it hard for the health sector to accept these high-end technologies. High investments are important to establish a health management system for a tremendous population. Before accepting a population health system, the hospital needs IT and a compatible system. Integration of web-based applications is necessary for the program. The lack of financial sources to purchase these technologies is the restraining factor of the population health management market. Huge investments are a massive risk to the healthcare industry. The additional investments and maintenance cost of the program makes it a more expensive investment. The high investments can lead to a decline in the demand of the market.

Opportunity:

Increasing Preference for Personalized medicine


The population health management program helps hospitals to treat patients in an organized way. Through the management system and its precise analytics, personalized cancer treatment is surging. Various governments are taking initiatives to create more awareness about personalized medicines. Personalized medicine separates patients into different groups. The advent of personalized medicine has led to precise, better, predictable healthcare. With the increasing understanding of genes and enhanced healthcare analytics capabilities, providers can understand the drug responses, impact of pathogens, impact of diseases, and possible health outcomes in an individual patient. This has led to the increasing demand for personalized medicine. Population health management plays a vital role in the development of personalized medicine. It is important to understand the care gaps, health records of population groups to develop personalized medicine. Therefore, increasing compliance for personalized medicine-based analytics is creating ample growth opportunities for the global population health management market.

Threat:

Lack of Data Management Capacity


Lack of data management capacity in the health industry is a significant threat in the population health management market. There is only a few health organization that is capable to manage patient data. Poor data management skill in the health industry is a major market threat. It can hamper the acceptance rate of the population health management system. The lack of skills to handle IT technology can lead to disorganization in patient information storage. The need for experts UN the healthcare industry is more than 29%. Only with the fulfilment of these roles, the adoption of health management will rise.

Cloud-based segment is expected to be the largest during the forecast period

Due to a rise in the number of benefits, such as low licensing and startup costs, low costs of maintenance and infrastructure requirements, and wider accessibility. In addition, a cloud-based population health management system provides enhanced productivity and fast and smooth implementation. Hence the cloud-based delivery model is expected to witness the fastest growth during the forecast period. Cloud-based population health management programs are accessible over the internet without the need for active participation by healthcare management. This enables the effective accessibility of population health management over diverse specialties and various healthcare institutions. Hence, the proven effectiveness of cloud-based population health management in-home healthcare, along with seamless accessibility of data across multiple platforms, is the primary reason for the dominance of the cloud-based segment in the global market.

The Provider segment is expected to have the highest CAGR during the forecast period

Due to the greater prevalence of neurology, cardiology, and other conditions in advancement and emerging countries which is attracting a large patient pool suffering from chronic and acute conditions. This growing number of patients is expected to further provide impetus to the growing adoption of PHM programs. Furthermore, the implementation of the affordable care act and hospital readmissions reduction program (aimed at lowering healthcare costs by using novel population health management solutions) in the US, as well as the high demand for these solutions among healthcare providers across provinces.

Region with largest share:

The North America is projected to hold the highest market share. The factors, such as big data and cloud computing, continuous reforms by governments, encouraging regulatory set-up, well-established healthcare infrastructure,  pressure on healthcare institutions to reduce costs, and growing trends in healthcare IT, and the growing diseased patient burden are driving the growth of the population health management market in the provinces. For instance, the US government implemented the Affordable Care Act (ACA) for the prevention of diseases and the adoption of healthcare IT. The ACA will boost the growth of the population health management market and create opportunities for population health management service providers to collect and maintain patients’ data. The U.S. is the largest market for population health management among all the countries of the province. The U.S. population health management industry is primarily driven by the Patient Protection and Affordable Care Act. This was mainly due to the significant adoption of PHM in the U.S. post the implementation of the Affordable Care Act (ACA) by the providers and health systems, easy availability of PHM platforms and services in this area, and rapidly growing ACOs. For instance, the US government implemented the Affordable Care Act (ACA) for the prevention of diseases and the adoption of healthcare IT. The ACA will boost the growth of the t market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR, as in recent years, the market has witnessed numerous opportunities in the market. Moreover, factors such as the implementation of several PHM programs in Australia, growing medical tourism in Asia, the rapidly growing healthcare industry in India, efforts are taken to digitalize the healthcare system in India and China, investments and reforms to modernize China’s healthcare infrastructure, new outline by Japan’s information and communication technology fund, and improving HCIT infrastructure across APAC. Growth of the market is accredited to approaches of administration bodies to leverage population health and application of analytics tools in better care management for the provincial population.



Key players in the market:

Some of the key players profiled in the Population Health Management Market include Allscripts Healthcare Solutions, Arcadia, Athenahealth, Cerner Corporation, Cotiviti (Verscend Technologies), Eclinicalworks, Enli Health Intelligence ( a Cedar Group Technologies), Epic Systems Corporation, Health Catalyst, Healthec, LLC, I2I Population Health, IBM Corporation, Koninklijke Philips, Medecision, Optum Inc. (A Subsidiary of Unitedhealth Group).

Key developments:

In June 2018: i2i Population Health (i2i) collaborated with VisionWare (UK) to help VisionWare support its established foundation of Federally Qualified Healthcare Centers and expand its population health analytics presence.

In July 2019: Epic collaborated with Connected Care Health Services (US) to improve healthcare organisations’ population health initiatives.

In January 2020: Allscripts partnered with MyndYou Inc. to promote population health through MyndYou’s care portal, app platform, and virtual care manager, which identifies and monitors high-risk triage patients.

In October 2019: Cerner and i2i Population Health (US) collaborated to combine Cerner’s comprehensive population health management tools with i2i’s EHR-agnostic capabilities to help users drive positive, sustainable outcomes for community health centres, primary care associations, and rural health systems.

Components Covered: 
• Software
• Services
• Hardware 

Mode of Delivery’s Covered:
• Cloud -Based
• On Premise
• Web-based 

Solutions Covered:
• Analytics
• Care Coordination and Medication Management
• Data Integration and Management
• Patient Management
• Population Health Analytics
• Resource Utilization
• Risk Stratification and Gaps in Care
 
Applications Covered:
• Access Comprehensive Longitudinal Patient Record
• Automating Patient-Centered Medical Home (PCMH)
• Effectively Coordinate Care

End Users Covered:
• Providers
• Payers
• Communities
• Employer Groups
• Government bodies
• Medicaid Managed Care Organizations
• Self-Insured Employers

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Application Analysis   
 3.7 End User Analysis   
 3.8 Emerging Markets   
 3.9 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Population Health Management Market, By Component    
 5.1 Introduction   
 5.2 Software   
 5.3 Services   
  5.3.1 Consulting Services  
  5.3.2 Implementation Services  
  5.3.3 Post-Sale and Maintenance Services  
  5.3.4 Training and Education Services  
 5.4 Hardware   
     
6 Global Population Health Management Market, By Mode of Delivery    
 6.1 Introduction   
 6.2 Cloud -Based   
 6.3 On Premise   
 6.4 Web-based   
     
7 Global Population Health Management Market, By Solution    
 7.1 Introduction   
 7.2 Analytics   
 7.3 Care Coordination and Medication Management   
 7.4 Data Integration and Management   
 7.5 Patient Management   
 7.6 Population Health Analytics   
 7.7 Resource Utilization   
 7.8 Risk Stratification and Gaps in Care   
     
8 Global Population Health Management Market, By Application    
 8.1 Introduction   
 8.2 Access Comprehensive Longitudinal Patient Record   
 8.3 Automating Patient-Centered Medical Home (PCMH)   
 8.4 Effectively Coordinate Care   
     
9 Global Population Health Management Market, By End User    
 9.1 Introduction   
 9.2 Providers   
  9.2.1 Ambulatory Care Centers  
  9.2.2 Diagnostic and Imaging Centers  
  9.2.3 Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities  
  9.2.4 Hospitals, Physician Groups, and Integrated Delivery Networks  
 9.3 Payers   
  9.3.1 Private Payers  
  9.3.2 Public Payers  
 9.4 Communities   
 9.5 Employer Groups   
 9.6 Government bodies   
 9.7 Medicaid Managed Care Organizations   
 9.8 Self-Insured Employers   
     
10 Global Population Health Management Market, By Geography    
 10.1 Introduction   
 10.2 North America   
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe  
 10.4 Asia Pacific   
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand  
  10.4.6 South Korea  
  10.4.7 Rest of Asia Pacific  
 10.5 South America   
  10.5.1 Argentina  
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia  
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa  
  10.6.5 Rest of Middle East & Africa  
     
11 Key Developments    
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions   
 11.5 Other Key Strategies   
     
12 Company Profiling    
 12.1 Allscripts Healthcare Solutions   
 12.2 Arcadia   
 12.3 Athenahealth   
 12.4 Cerner Corporation   
 12.5 Cotiviti (Verscend Technologies)   
 12.6 Eclinicalworks   
 12.7 Enli Health Intelligence ( a Cedar Group Technologies)   
 12.8 Epic Systems Corporation   
 12.9 Health Catalyst   
 12.10 Healthec, LLC   
 12.11 I2I Population Health   
 12.12 IBM Corporation   
 12.13 Koninklijke Philips   
 12.14 Medecision   
 12.15 Optum Inc. (A Subsidiary of Unitedhealth Group)   


List of Tables     
1 Global Population Health Management Market Outlook, By Region (2019-2028) (US $MN)     
2 Global Population Health Management Market Outlook, By Component (2019-2028) (US $MN)     
3 Global Population Health Management Market Outlook, By Software (2019-2028) (US $MN)     
4 Global Population Health Management Market Outlook, By Services (2019-2028) (US $MN)     
5 Global Population Health Management Market Outlook, By Consulting Services (2019-2028) (US $MN)     
7 Global Population Health Management Market Outlook, By Implementation Services (2019-2028) (US $MN)     
8 Global Population Health Management Market Outlook, By Post-Sale and Maintenance Services (2019-2028) (US $MN)     
10 Global Population Health Management Market Outlook, By Training and Education Services (2019-2028) (US $MN)     
11 Global Population Health Management Market Outlook, By Hardware (2019-2028) (US $MN)     
12 Global Population Health Management Market Outlook, By Mode of Delivery (2019-2028) (US $MN)     
13 Global Population Health Management Market Outlook, By Cloud -Based (2019-2028) (US $MN)     
14 Global Population Health Management Market Outlook, By On Premise (2019-2028) (US $MN)     
15 Global Population Health Management Market Outlook, By Web-based (2019-2028) (US $MN)     
16 Global Population Health Management Market Outlook, By Solution (2019-2028) (US $MN)     
17 Global Population Health Management Market Outlook, By Analytics (2019-2028) (US $MN)     
18 Global Population Health Management Market Outlook, By Care Coordination and Medication Management (2019-2028) (US $MN)     
19 Global Population Health Management Market Outlook, By Data Integration and Management (2019-2028) (US $MN)     
20 Global Population Health Management Market Outlook, By Patient Management (2019-2028) (US $MN)     
21 Global Population Health Management Market Outlook, By Population Health Analytics (2019-2028) (US $MN)     
22 Global Population Health Management Market Outlook, By Resource Utilization (2019-2028) (US $MN)     
23 Global Population Health Management Market Outlook, By Risk Stratification and Gaps in Care (2019-2028) (US $MN)     
24 Global Population Health Management Market Outlook, By Application (2019-2028) (US $MN)     
25 Global Population Health Management Market Outlook, By Access Comprehensive Longitudinal Patient Record (2019-2028) (US $MN)     
26 Global Population Health Management Market Outlook, By Automating Patient-Centered Medical Home (PCMH) (2019-2028) (US $MN)     
27 Global Population Health Management Market Outlook, By Effectively Coordinate Care (2019-2028) (US $MN)     
28 Global Population Health Management Market Outlook, By End User (2019-2028) (US $MN)     
29 Global Population Health Management Market Outlook, By Providers (2019-2028) (US $MN)     
30 Global Population Health Management Market Outlook, By Ambulatory Care Centers (2019-2028) (US $MN)     
31 Global Population Health Management Market Outlook, By Diagnostic and Imaging Centers (2019-2028) (US $MN)     
32 Global Population Health Management Market Outlook, By Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities (2019-2028) (US $MN)     
33 Global Population Health Management Market Outlook, By Hospitals, Physician Groups, and Integrated Delivery Networks (2019-2028) (US $MN)     
34 Global Population Health Management Market Outlook, By Payers (2019-2028) (US $MN)     
35 Global Population Health Management Market Outlook, By Private Payers (2019-2028) (US $MN)     
36 Global Population Health Management Market Outlook, By Public Payers (2019-2028) (US $MN)     
37 Global Population Health Management Market Outlook, By Communities (2019-2028) (US $MN)     
38 Global Population Health Management Market Outlook, By Employer Groups (2019-2028) (US $MN)     
39 Global Population Health Management Market Outlook, By Government bodies (2019-2028) (US $MN)     
40 Global Population Health Management Market Outlook, By Medicaid Managed Care Organizations (2019-2028) (US $MN)     
41 Global Population Health Management Market Outlook, By Self-Insured Employers (2019-2028) (US $MN)     
     
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.    

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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