The population health management market size is set to cross $48.1 billion by 2022, growing at a CAGR of 23.3% between 2016-2022. The growing geriatric population, increasing prevalence of chronic diseases, Affordable Care Act, increasing investments by HIT players and increasing healthcare spending are driving the growth of the population health management market.
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The market for population health management in the European region is expected to cross $4.7 billion by 2022. The major factors driving the growth of the European population health management market include increase in demand for reducing healthcare cost, high prevalence of chronic diseases and increasing government initiatives. Aging population is another key factor driving the growth of the population health management industry in the region. The geriatric population is more susceptible to acquire diseases and hence, is at a higher risk of suffering from chronic diseases. Among the countries of the European region, Germany was the largest market for population health management, which is expected to grow at a CAGR of 22.8% during the forecast period to reach $1.5 billion by 2022.
Although, the population health management market is largely concentrated in the U.S., emerging economies such as China, India and Brazil offer ample growth opportunities. Huge unexplored market in the Asia and other developing regions create huge revenue generation opportunities for PHM vendors. The healthcare industry is witnessing significant growth in these countries. In addition, the large population base and improving healthcare infrastructure create suitable platform for the penetration of population health management in these countries.
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Some of the key companies operating in the population health management market include Cerner Corporation, McKesson Corporation, Allscripts Healthcare Solutions Inc., Wellcentive Inc., Conifer Health Solutions LLC., IBM Corporation, Optum, Inc., and Health Catalyst LLC.
Global Population Health Management Market Segmentation
By Delivery Mode
- Web based
- Cloud based
By End User
- Healthcare provider
- Healthcare payer
- Employer group
- Government bodies
- North America
- Rest of North America
- Rest of Europe
- Rest of Asia
Rest of the World (RoW)
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