Population Health Management (PHM) Solutions Market (2023-2030)
is projected to reach $75.97 billion by 2030, at a CAGR of 10.9% from 2023 to 2030.
- Published
- Jan 2023
- Pages
- 225
- Format
- PDF + Excel
- Report ID
- MRHC - 10465
- Base year
- 2022
- 2030 · FORECAST
- $75.97B
- 2030
- $75.97B
- CAGR 2023–2030
- 10.9%
2022 baseline · 2023–2030 forecast at 10.9% CAGR · hover a bar for the value
Key highlights
In 2023, the Software Segment to Account for the Largest Share of the Population Health Management (PHM) Solutions Market
Cloud-based and Web-based Segment to Grow with the Lucrative Growth Over the Forecast Period
In 2023, the Healthcare Providers Segment to Account for the Largest Share of the Population Health Management (PHM) Solutions Market
North America to Dominate the Market in 2023
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 75.97 billion |
| CAGR (2023–2030) | 10.9% |
| Format | PDF, Excel & Cloud Portal · 225 pages |
| Segments Covered | By Component: Software, Services · By Mode of Delivery: On-premise, Cloud-based and Web-based · By End User: Healthcare Providers, Healthcare Payers Private Payers, Public Payers |
| Countries Covered | North America (Canada, Mexico), Europe (U.K., Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Latin America (Brazil) |
| Key Companies | Allscripts Healthcare, LLC, Oracle Corporation, Deloitte Tohmatsu LLC, Epic Systems Corporation, Conifer Health Solutions, LLC, Koninklijke Philips N.V., McKesson Corporation |
Report overview
Segments covered: component, mode of delivery, end user. Regions: North America, Europe, Asia-Pacific, Latin America.
PHM is a healthcare strategy that focuses on improving clinical health outcomes by preventing and managing disease, minimizing inconsistency in health, improving care coordination, patient engagement, and promoting well-being. PHM focuses on specific groups of people, including patients with chronic diseases or Medicare beneficiaries, to identify people at risk of developing diseases. The population health management (PHM) solutions integrate and store data related to patient health across all the health systems for analysis.
The growth of this market is driven by the increasing burden of chronic diseases coupled with the geriatric population, rising adoption of healthcare IT solutions, government focus on preventive healthcare, growing focus on building disease registries, and increasing healthcare expenses worldwide. In addition, untapped opportunities in emerging economies and the rising focus on value-based care are offering opportunities for market growth. However, patient data privacy and confidentiality issues and lack of interoperability are hindering the growth of this market to some extent.
Report infographic
-Solutions-Market.webp)
Market dynamics
1 factors across 1 forceIncreasing Burden of Chronic Diseases, Coupled with Geriatric Population, to Drive the Demand for PHM
According to the Global Health and Aging report presented by the World Health Organization (WHO), the number of people aged 65 or older is projected to reach 1.5 billion (~16% of the world’s population) in 2050, with most of the increase in developing countries such as North America, Europe, Asia-Pacific, Latin America, and Africa.
Chronic diseases and conditions are among the most common, costly, and preventable of all health problems. Chronic diseases are the leading cause of death & disability in the world. According to the Centers for Disease Control and Prevention (CDC), chronic diseases are responsible for 7 of 10 deaths each year. Moreover, in 2021, 90% of the USD 4.1 trillion annual healthcare expenditures in the U.S. accounted for people with chronic and mental health conditions. The risk of developing chronic diseases increases with age. This trend of a rapid rise in the elderly population, coupled with increasing incidence of chronic diseases across the globe, is expected to accelerate healthcare costs.
However, these costs can be reduced by using effective healthcare IT solutions, such as PHM, that provide real-time insights to clinicians and administrators and allow them to identify and address care gaps within the patient population. PHM proactively manages the health of populations to prevent the onset of avoidable chronic conditions and better manage those already suffering from chronic disease. Thus, the growing need to reduce healthcare costs and improve the quality of care due to the aging population and growing burden of chronic disease are consequently driving the demand for population health management solutions across the globe.
Table of contents
11 chapters · 85 sections · 225 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Product | Software | — |
| By Mode of Delivery | — | Cloud-based and web-based |
| By End-user | Healthcare Providers | — |
By Product
- The Software Segment to Account for the Largest Share of the Population Health Management (PHM) Solutions Market
- The software segment is expected to account for the largest share of the population health management (PHM) solutions market.
- The large market share of this segment is attributed to reduced hospital readmissions and the high adoption of PHM software for improving patient engagement.
- Furthermore, the revenue generated from the software is a steady stream of revenue, contributing to the large share of this segment.
By Mode of Delivery
- Cloud-based and Web-based Segment to Grow with the Lucrative Growth Over the Forecast Period
- The cloud-based and web-based segment is projected to register the highest CAGR during the forecast period.
- The key factors contributing to the growth of this segment are the increasing availability of cloud-based and web-based models owing to reduced operational expenses while providing structured workflows, improved interoperability, reliable disaster recovery, and easy accessibility to patient data.
By End-user
- The healthcare providers segment is expected to account for the largest share of the population health management (PHM) solutions market.
- Healthcare providers comprise hospitals, clinics/physician practices, Accountable Care Organizations (ACOs), and other healthcare providers.
- Healthcare providers are the major end users of PHM solutions due to the growing need to improve the profitability of healthcare operations and government initiatives to improve the quality of care delivered to patients & curtail the soaring cost of healthcare.
Geographic analysis
North America
Largest shareIn 2023, North America is expected to account for the largest share of the population health management (PHM) solutions market. The key factors contributing to this market’s large share are the high adoption of digital health solutions, the implementation of the Affordable Care Act (ACA) by health systems and providers, the presence of key market players, and improved digital health infrastructure. North America to Dominate the Market in 2023
Competitive landscape
- Allscripts Healthcare, LLC
- Oracle Corporation
- Deloitte Tohmatsu LLC
- Epic Systems Corporation
- Conifer Health Solutions, LLC
- Koninklijke Philips N.V.
- McKesson Corporation
Frequently asked questions
This study covers the market size and forecasts for various PHM software and services offered by key companies. These components can be delivered on-premise, cloud-based, and web-based models.
Cite this report
Meticulous Research. (2023). Population Health Management (PHM) Solutions Market - Global Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRHC - 10465). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/population-health-management-solutions-phm-market-3897