The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Population Health Management Global Market Report 2024, the population health management market is expected to show promising growth in the forecast period.

Rapid Market Expansion

• Current Market Size: The population health management market size has grown exponentially in recent years.
• 2023 Figures: It reached $48.34 billion in 2023.
• 2024 Forecast: Expected to grow to $58.68 billion, marking a compound annual growth rate (CAGR) of 21.4%.

Factors Driving Growth

• Public Health Initiatives: Increased public health initiatives have significantly contributed to market growth.
• Healthcare Reform: Reforms aimed at improving healthcare systems.
• Value-Based Care Shift: Transition from quantity to quality-focused healthcare.
• Chronic Disease Management: Rising prevalence of chronic diseases necessitates better management solutions.
• Rising Healthcare Costs: Need for cost-effective healthcare solutions.

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Future Market Projections

• Long-Term Growth: The market is set to grow to $127.87 billion by 2028, with a CAGR of 21.5%.
• Key Drivers:
  • Expansion of value-based care models.
  • Emphasis on chronic disease prevention.
  • Integration of big data and analytics.
  • Consumer-centric healthcare models.
  • Efforts to contain healthcare costs.

Major Trends Shaping the Market

• Holistic Care Integration: Combining various health services for comprehensive care.
• Health Equity and Inclusivity: Ensuring fair access to healthcare for all.
• Community Engagement and Outreach: Involving communities in health initiatives.
• Preventive and Wellness Programs: Focusing on prevention and overall wellness.
• Social Determinants of Health: Addressing non-medical factors affecting health.

Value-Based Care Solutions

• Demand Surge: Rising demand for value-based care solutions is propelling market growth.
• Benefits:
  • Enhanced quality of services.
  • Reduced errors through better workflows.
  • Cost reductions and increased patient satisfaction.
• Statistics: 40.6% of healthcare payments were fee-for-service; 18.1% had some link to quality and value.
• Key Players: Major companies include McKesson Corporation, GE, Accenture, IBM, Deloitte, and others.

Innovative Solutions in the Market

• Product Innovation: Companies are focusing on new product developments to maintain market position.
• Case Example: Verana Health’s VeraQ data engine launched in October 2021 to convert raw healthcare data into actionable insights.
• Company Highlight: Cerner Corporation acquired Kantar Health for $375 million in April 2021, combining their expertise to advance life sciences research and patient outcomes.

Market Segmentation

• By Component: Software, Services.
• By Mode of Delivery: On-Premise, Cloud-Based.
• By End-User: Providers, Payers, Other End-Users.

Regional Insights

• North America: The largest region in the market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

The population health management market is on a trajectory of remarkable growth, driven by a combination of innovative solutions, value-based care models, and a focus on holistic, equitable, and preventive healthcare. With major players continually innovating and expanding their capabilities, the market is poised for sustained expansion and transformation in the coming years.

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