Population Health Management (PHM) Market Worth $53.3 Billion by 2027

MarketsandMarkets Research Pvt. ltd.

Chicago, Nov. 24, 2022 (GLOBE NEWSWIRE) — According to new market research report Population Health Management (PHM) Market by component (software, services), delivery method (on-premises, cloud-based), end user (healthcare providers (hospitals, ACOs), healthcare payers, employer groups, government agencies) – Global forecasts until 2027″, is expected to reach USD 53.3 billion by 2027 from USD 27.8 billion in 2022, at a CAGR of 13.9% during the forecast period.

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Report Scope:

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Details

Market size

$53.3 billion by 2027

CAGR

13.9%

Historical data

2020-2027

base year

2021

Forecast period

2022-2027

Forecast units

Value (USD billion)

Report cover

Revenue forecasts, competitive landscape, growth factors and trends

Segments Covered

By component, by delivery method, by end user, by region

Geographical areas covered

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

Top Profiled Companies/Suppliers

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), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US) United States), athenahealth (United States), Cotiviti (United States), NextGen Healthcare, Inc. (United States), Conifer Health Solutions (United States), SPH Analytics (United States), Lightbeam Health Solutions ( US), Innovaccer (US), Lumeris (US), Zeomega (US), HGS Healthcare, LLC (US), Persivia (US), Color Health, Inc. (US ).

Key market opportunities

Increased emphasis on value-based medicine

Key Market Drivers

Increase in geriatric population and subsequent growth in chronic disease burden

Factors driving the market growth include increasing government initiatives for the adoption of HCIT solutions, increasing importance of value-based care. However, high investments in infrastructure to establish a robust PHM program is restraining the market growth over the forecast period.

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The software part is expected to be the largest segment based on components of the population health management market. Factors such as growing adoption of software by end users to increase patient engagement and profitability are attributed to the large share of the software segment during the forecast period.

The on-site segment is expected to be the largest segment of the population health management market, by mode of delivery. The growth can be attributed to the advantages offered by on-premises solutions, such as ease of customization, reduction in data breaches, and the ability to use existing hardware.

Based on end users, the healthcare provider segment held the largest share of the population health management market. The large share of this segment can be attributed to the growing adoption of HCIT, the implementation of the Affordable Care Act in the United States, and the significant growth in healthcare spending.

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Geographic growth scenario:

Emerging Asian markets such as China and India are expected to provide significant growth opportunities for players operating in the population health management market. Market growth in APAC region is mainly driven by factors such as booming medical tourism, implementation of new ICT guidelines in Japan, investments and reforms to modernize healthcare infrastructure in China, the rapid growth of the health sector in India, as well as the implementation of IT programs in Australia and New Zealand.

Key players:

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), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC LLC (US), Medecision (US), Arcadia (US) United States), athenahealth (United States), Cotiviti (United States), NextGen Healthcare, Inc. (United States), Conifer Health Solutions (United States), SPH Analytics (United States), Lightbeam Health Solutions ( United States), Innovaccer (United States) are the main players in this market. These companies mainly focus on strategies such as agreements, collaborations, partnerships, and service launches in order to stay competitive and further increase their market share.

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