Population Health Management Market Analysis by End User (Healthcare Payers, Healthcare Providers, Employer Groups, and Others); by Component (Services, and Software); and by Mode of Delivery (Cloud, and On-Premise)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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Product Code:
RP-ID-10008200 -
Published Date:
21 Oct 2022 -
Region:
Global
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Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Population Health Management Market Report Scope
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
~21% |
Base Year Market Size (2022) |
~ USD 42.0 Billion |
Forecast Year Market Size (2033) |
~ USD 320.0 Billion |
Global Population Health Management Market Highlights Over 2023 - 2033
The global population health management market is estimated to garner a revenue of USD 320.0 Billion by the end of 2033 by growing at a CAGR of ~X% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 42.0 Billion in the year 2022. The growth of the market can be attributed to the increasing shift from traditional systems to digitalized systems. More than 1,250 healthcare institutions in the United States have participated in the national EHR.
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Population health management is the process of improving clinical health outcomes for a defined group of people through improved care coordination and patient engagement, backed up by appropriate financial and care models. The benefits of population health management include improved quality of care while reducing the cost, real-time access, continuous monitoring of patient's health, and others. Moreover, rising healthcare expenditure is expected to boost the growth of the global population health management market. As per the World Bank, the total current health expenditure accounted for 9.83 percent of the total GDP in the year 2019.
Global Population Health Management Market: Growth Drivers and Challenges
Growth Drivers
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Increasing Elderly Population– There is a need for real-time healthcare service access for elderly patients and it is expected to surge the growth of the global population health management market. According to the World Health Organization, the percentage of the world’s population over 60 year between 2015 to 2030 will be nearly double from 12 per cent to 22 per cent.
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Surging Remotely Healthcare Services– As per the Ministry of Health and Family Welfare, the Indian government has completed more than 3 Million telemedicine service consultations till March 2021.
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Increasing Incidence of Chronic Diseases– According to the Centers for Disease Control and Prevention, there are 6 in 10 adults in the United States suffering from a chronic disease.
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Rising Investment in Healthcare Industry– The United States healthcare investment in cloud technologies has increased by more than 30 per cent from the year 2019 to 2020.
Challenges
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Risk of Data Breaches
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High Initial Investment Cost
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Lack of Expertise Workers
The global population health management market is segmented and analyzed for demand and supply by end-user into healthcare payers, healthcare providers, employer groups, and others. Out of these, the healthcare providers segment is anticipated to hold the largest share over the forecast period owing to the increasing need to improve the results of hospitals and clinics followed by the rising geriatric population. In the year 2020, the geriatric population in Japan aged 65 years and older has increased to more than 25 percent of the total population.
Global Population Health Management Market Regional Synopsis
Regionally, the global population health management market is studied in five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of surging investment by the government for the better health of the people, and rising regulatory requirements.
The market in the Asia Pacific region is expected to witness the highest growth over the forecast period owing to the increasing percentage of the population, and rising chronic disease cases. According to the World Bank, China’s population has increased from 1.26 Billion in 2000 to 1.41 Billion in 2021.
Market Segmentation
Our in-depth analysis of the global population health management market includes the following segments:
By End User |
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By Component |
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By Mode of Delivery |
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Key Companies Dominating the Global Population Health Management Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global population health management market that are included in our report are Koninklijke Philips N.V., Optum, Inc., Allscripts Healthcare, LLC, Health Catalyst, Arcadia, Cotiviti, Inc., Orion Health, IBM Corporation, Oracle Corporation, Innovaccer, Inc., and others.
Global Population Health Management Market: Latest Developments
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November, 2021: Allscripts Healthcare, LLC announced that the Next Level Urgent Care has selected Allscripts to improve the connectivity, provide greatly advance analytics and electronic health record workflows to all locations.
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June, 2019: Orion Health, announced that the North Dakota Health Information Network has upgraded to the Orion Health Amadeus Platform in order to improve the exchange of critical clinical and medication data.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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FREQUENTLY ASKED QUESTIONS
Increasing incidence of chronic diseases, rising investment in healthcare industry, increasing elderly population, and rising healthcare expenditure.
The market is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2023 – 2033.
Risk of data breaches, high initial investment cost, and lack of expertise workers.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Koninklijke Philips N.V., Optum, Inc., Allscripts Healthcare, LLC, Health Catalyst, Arcadia, Cotiviti, Inc., Orion Health, IBM Corporation, Oracle Corporation, Innovaccer, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by end user, component, mode of delivery, and by region.
The healthcare providers segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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- Koninklijke Philips N.V.
- Optum, Inc.
- Allscripts Healthcare LLC
- Health Catalyst
- Arcadia
- Cotiviti Inc.
- Orion Health
- IBM Corporation
- Oracle Corporation
- Innovaccer, Inc.