Global Population Health Management Market to Reach USD 346.4 Billion by 2033, Impelled by Significant Growth in Healthcare Industry

November 19, 2024 | Healthcare

According to the latest report by IMARC Group, titled “Population Health Management Market Report by Component (Software, Services), Mode of Delivery (Cloud-based, Web-based, On-premises), End User (Healthcare Providers, Healthcare Payers, Employer Groups, Government Bodies), and Region 2025-2033," the global population health management market reached a value of USD 87.2 Billion in 2024. Population health management (PHM) is a holistic approach to improving clinical health outcomes through enhanced care coordination and patient engagement. It includes comprehensive and authoritative strategies, such as compliance programs, health economics, outcome assessments, healthcare reforms, care coordination, and resource management. PHM assist healthcare providers in identifying and addressing care gaps, promoting wellness through evidence-based decision support, and improving the overall patient experience. It also aids in improving clinical efficiency, ensuring patient-centric care by reducing readmission rates, ensuring appropriate and optimum interventions, and providing real-time monitoring and access to medical information. PHM is a patient-friendly platform that aims to improve the population's health by enhancing health decisions and supporting wellness.


Global Population Health Management Market Trends:

The increasing adoption of information technology (IT) solutions in the healthcare industry is one of the key factors driving the market growth. PHM solutions are widely used for processing clinical, financial, and operational data to improve efficiency and patient care. In addition, it enables data aggregation, risk stratification, care coordination, and patient communication, allowing clinicians to make informed decisions leading to better outcomes and reduced treatment costs. Furthermore, the rising geriatric population prone to chronic and acute medical ailments, such as cardiovascular diseases (CVDs), diabetes, and neurological diseases that require continuous surveillance and patient care, is acting as another growth-inducing factor. Additionally, the integration of big data analytics to improve patient outcomes, enhance care management, and address social determinants of health is providing an impetus to the market growth. Moreover, shifting trends from fee-for-service (FFS) to value-based payment (VBP) in medical reimbursement that requires coordination and communication between clinicians across various specialties to improve the overall quality of care is creating a positive outlook for the market. Other factors, including increasing adoption of the Internet of Things (IoT) in healthcare, favorable initiatives by several governments across the globe to promote public health, and rising preference for personalized medicines, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach USD 346.4 Billion by 2033, exhibiting a CAGR of 15.73% during 2025-2033.


Market Summary:

  • On the basis of component, the market has been bifurcated into software and services.
  • Based on the mode of delivery, the market has been categorized into cloud-based, web-based, and on-premises.
  • On the basis of the end user, the market has been classified into healthcare providers, healthcare payers, employer groups, and government bodies.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others) Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, eClinicalWorks, Health Catalyst Inc., International Business Machines Corporation, Koninklijke Philips N.V., Lightbeam Health Solutions, McKesson Corporation, Nextgen Healthcare Inc., Optum Inc. (UnitedHealth Group Incorporated) and Symphony Performance Health Inc. (Press Ganey Associates).

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Component, Mode of Delivery, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, eClinicalWorks, Health Catalyst Inc., International Business Machines Corporation, Koninklijke Philips N.V., Lightbeam Health Solutions, McKesson Corporation, Nextgen Healthcare Inc., Optum Inc. (UnitedHealth Group Incorporated) and Symphony Performance Health Inc. (Press Ganey Associates)
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Global Population Health Management Market to Reach USD 346.4 Billion by 2033, Impelled by Significant Growth in Healthcare Industry
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