Population Health Management (PHM) Market Overview by Industry Size, Top Trends, Drivers, Growth and Forecast to 2028

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Population Health Management (PHM) Market Size – USD 22.85 Billion in 2020, Market Growth - CAGR of 25.6%. Market Trends – Product launches and research for Population Health Management.

According to the current analysis of Reports and Data, the global Population Health Management (PHM) market was valued at USD 22.85 Billion in 2020 and is expected to reach USD 51.81 Billion by year 2028, at a CAGR of 25.6%.

According to the survey conducted by the Organization for Economic Co-operation and Development (OECD), in per capita terms, health spending in 2017 is estimated to have reached USD 4069 million average across the OECD. This is roughly 70% more than OECD countries spend on education for each citizen. In the United States, the average spend is expected to have risen above USD 10 000 for the first time in 2017. Per capita spending was also significantly above the OECD average in Switzerland (USD 8 009), Luxembourg (USD 7 049) and Norway (USD 6 351).

Population health management is an accumulation and assessment of patient’s data from various multiple health information technology resources. Population health management assists in scrutinising the condition of the patient and segmenting the patients based on disease. It also helps in improving clinical outcomes and lowering the cost of treatments. PHM programs use business intelligence (BI) tool to aggregate data and provide a comprehensive clinical picture of each patient. Using that data, providers can track, and hopefully improve, clinical outcomes while lowering costs. Key recent developments in Population Health Management Market: In May 2019, Cerner, a global health platform and innovation company, launched Anuva Health, its new near-site heath network offering, which provides person and virtual health care services for employers looking to provide a unique benefit to employees to support improved health and lower costs, and it is very cost-effective solution for employers.

Mergers and acquisitions have been put into effect for the improvement in disease management and clinical outcomes. For instance, in March 2019, Allscripts announced a strategic partnership with Opargo which focused on delivering integrated technology to improve health care efficiency and reduce schedule churn through real-time schedule optimization.

In-depth Study of the Competitive Landscape:

The global Population Health Management (PHM) market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.

Top companies profiled in the report include:

Allscripts, McKesson Corporation, Cerner Corporation, etc

Key Market Regions Covered in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Product Type (Revenue, USD Million; 2020–2028)

  • Software
  • Services
    • Post-Sale and Maintenance Services
    • Consulting Services
    • Training and Education Services
    • Implementation Services

Delivery Mode (Revenue, USD Million; 2020–2028)

  • Web-Based
  • Cloud-Based
  • On-Premises

Application (Revenue, USD Million; 2020–2028)

  • Automating Patient-Centered Medical Home (PCMH)
  • Access Comprehensive Longitudinal Patient Record
  • Effectively Coordinate Care
  • Patient Outreach
  • Others

End User (Revenue, USD Million; 2020–2028)

  • Providers
    • Ambulatory Care Centers
    • Hospitals, Physician Groups, and Integrated Delivery Networks
    • Diagnostic and Imaging Centers
    • Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
    • Other Healthcare Providers
  • Payers
    • Public Payers
    • Private Payers
  • Employer Groups

Frequently asked questions addressed in the report:

  • What is the revenue growth rate of the global Population Health Management (PHM) market over the forecast period?
  • What are the major factors driving the growth of the Global Population Health Management (PHM) Market?
  • What are the key challenges impacting the global Population Health Management (PHM) market growth?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

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