Population Health Management Market Worth $46.7 Billion by 2026

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MarketsandMarkets Research Pvt. ltd.

Chicago, Aug. 04, 2022 (GLOBE NEWSWIRE) — The population health management market is expected to reach USD 46.7 billion by 2026, from USD 24.9 billion in 2021, growing at a CAGR of 13.4% during the forecast period, according to a new report from MarketsandMarkets™. In this report, the market has been segmented on the basis of component, delivery mode, end user and region. Population Health Management solutions enable healthcare stakeholders to deliver patient-centric care and help reduce the high costs associated with healthcare by reducing readmissions, ensuring that only appropriate and optimal interventions are provided to patients. These solutions streamline workflows by ensuring care delivery processes run smoothly.

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Government mandates and support for healthcare IT solutions, growing use of big data analytics, and the need to reduce escalating healthcare costs are the major factors driving the growth of the market for population health management. Additionally, the growth of emerging economies (such as Brazil, Russia, India, South Korea, and China), the growing focus on personalized medicine, and the growing focus on medicine based on value are expected to provide lucrative growth opportunities for market participants during this period. the forecast period. However, data breaches, lack of skilled analysts, and interoperability issues are negatively impacting the growth of this market.

Based on components, the population health management market has been segmented into software and services. In 2020, the software segment accounted for the largest market share. It is expected to reach USD 34.1 billion by 2026 from USD 17.7 billion in 2021, at a CAGR of 14.0%. The dominance of this segment can be attributed to the increased adoption of software solutions by payers and providers to reduce readmissions, increase profitability, improve operational efficiencies, enhance patient engagement, and facilitate onboarding and management. ‘data analysis.

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Population health management solutions reach end users via on-premises and/or cloud delivery modes. The on-premises solutions segment accounted for the largest market share of 63.9% in 2020. The benefits offered by the on-premises delivery mode, such as customization of solutions, reduced risk of data breach and possibility to reuse existing solutions servers and storage hardware is supporting its increasing adoption in the market.

On the basis of end user, the population health management market is segmented into healthcare providers, healthcare payers and other end users. In 2020, the healthcare provider segment accounted for the largest share of 67.0% of the market. The large share of this segment is attributed to the implementation of the Affordable Care Act and the Hospital Readmission Reduction Program (aimed at reducing healthcare costs by using new patient care management solutions). population health) in the United States, as well as the high demand for these solutions among healthcare professionals. suppliers in all regions.

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Geographic growth scenario:

North America accounted for the largest share of 75.1% of the global population health management market in 2020. Factors such as increasing federal healthcare mandates to curb rising costs healthcare industry, increasing regulatory requirements, increasing adoption of EHRs, and increasing government initiatives focusing on personalization of medications and value-based reimbursements are expected to drive the market growth in North America.

The Asia-Pacific market, comprising India, China, Japan, and the rest of Asia-Pacific, offers high growth opportunities for market players. This regional segment is estimated to register the highest CAGR of 19.1% during the forecast period. Asia Pacific population health management market growth is driven by booming medical tourism, implementation of new ICT guidelines in Japan, investments and reforms to modernize the health infrastructure in China, the rapid growth of the health sector in India and the implementation of IT programs. in Australia and New Zealand. Additionally, government initiatives for the adoption of HCIT, growing geriatric population, increasing prevalence of chronic diseases, increasing healthcare expenditures, and rising consumer spending power are also expected to support the growth of the market in this region.

Key players:

Leading players in the population health management market include Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Orion Health (New Zealand), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US), athenahealth (US), Cotiviti (US), NextGen Healthcare, Inc (US), Conifer Health Solutions (US), SPH Analytics (US United States), Lightbeam Health Solutions (United States), Innovaccer (United States), Citra Health Solutions (United States), Evolent Health, Inc. (United States), Lumeris (United States) and Forward Health Group (United States). These companies have adopted strategies such as product launches, expansions, agreements, partnerships, collaborations and acquisitions to strengthen their presence in the market.

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