Population Health Management Market Insights
The Population Health Management Market was valued at USD 23.7 Billion in 2022, with a projected compound annual growth rate (CAGR) of 14.5% during the forecast period of 2023-2030. It is anticipated that the market will grow to reach USD 80.2 Billion by 2030.
Population health management (PHM) is a methodology that involves analyzing and overseeing the health outcomes of a community or a group of individuals. This approach utilizes techniques such as data analysis, patient engagement, and coordinated healthcare delivery to improve the overall health of populations.
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Applications:
The population health management market is utilized in diverse healthcare settings, including hospitals, clinics, health systems, and insurance companies. Its primary aim is to identify individuals at a higher risk of developing health complications, manage chronic illnesses, improve patient outcomes, reduce healthcare costs, and enhance the overall well-being of populations.
Market value:
The growth in the market is driven by the increasing focus on value-based care, the need to improve patient outcomes, and the growing adoption of healthcare IT solutions.
Market Segment
By Component:
Software and Services
By Deployment:
On-premise and Cloud-based
By End-use:
Healthcare Providers and Healthcare Payers
By Geography:
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
Segmentation:
The market for population health management can be segmented into different categories based on various factors such as the component, mode of delivery, end-user, and geographical region. The component segment can be further divided into software and services, while the mode of delivery can be categorized into cloud-based, web-based, and on-premise. The end-user segment can be classified into healthcare providers, payers, and employers. Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Middle East Africa, and South America.
In conclusion, the population health management market size is expected to experience significant growth in the coming years, driven by the increasing focus on value-based care and the need to improve patient outcomes. The market is characterized by the presence of numerous players offering software and services for population health management. With the growing adoption of healthcare IT solutions and the development of new technologies, the population health management market is expected to remain strong in the future. Additionally, the increasing focus on patient engagement and care coordination is expected to further fuel market growth.
The study provides answers to the following key questions:
- What type of customers buying the products and services from companies operating in the Population Health Management Market?
- What will be the roadmap for the product manufacturers operating in the Population Health Management Market for the forecast period, 2023-2030?
- What are the recent developments in the competitive landscape to look out for during the estimated period?
- What are the major trends influencing customers’ lives and their buying behaviour?
- How can brands best communicate with the customers they intend to target?
- When, where and how the customers want to use or consume the products or services?
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