The global population health management (PHM) market was valued at approximately USD 70.0 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2030. The healthcare sector is experiencing a profound transformation as it shifts from traditional paper-based systems to digital solutions, driving an increased demand for healthcare IT services. This transition is further fueled by the rising need for solutions that assist healthcare providers, facilitating a shift from Fee-For-Service (FFS) payment models to Value-Based Payment (VBP) models. The growing necessity for effective disease management strategies is also expected to propel market growth.
The COVID-19 pandemic exerted significant pressure on medical institutions globally, as healthcare systems confronted an overwhelming surge of patients. This crisis highlighted the critical need for dependable diagnostic and treatment solutions. PHM solutions have proven highly beneficial for healthcare providers by integrating diverse components, including care management, electronic health records, and patient management systems, as well as healthcare payer solutions such as payment and claims management.
Gather more insights about the market drivers, restrains and growth of the Population Health Management Market
Population health management systems function as user-friendly platforms that help effectively control treatment costs. They also aid service providers and payers in managing risks linked to reimbursement policies. In recent years, the healthcare system has seen considerable evolution, increasingly focusing on a patient-centered approach.
Delivery Mode Segmentation Insights
The market is segmented by delivery mode into On-Premise and Cloud-based solutions. The Cloud-based segment captured the largest market share of 71.9% in 2023 and is expected to exhibit the fastest CAGR during the forecast period. Moreover, a cloud-based population health management suite enhances processes through innovative data integration technologies and advanced analytics, providing significant benefits to end-users in meeting their population health management needs.
Additionally, cloud-based platforms facilitate workflow automation, improved care management, and better coordination, resulting in enhanced clinical outcomes. The demand for cloud-based solutions surged during the COVID-19 pandemic, contributing positively to market growth.
Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Italiano
Russian
Romaian