Population Health Management Market Size Expected to Reach USD 70.87 B

Kings Research™ presents this information in its report titled, “Population Health Management Market Size, Share & Industry Analysis, By Component (Software and Services), By Delivery Mode (On-premises and Cloud-based), By End User (Healthcare Providers, Healthcare Payers, and Others), and Regional Analysis, 2024-2031″

Population Health Management Market size is measured at USD 26.54 billion in 2023, estimated at USD 29.61 billion in 2024, and projected to reach USD 70.87 billion by 2031, growing at a CAGR of 13.28% from 2024 to 2031. The study covers services offered by Oracle, Altera Digital Health Inc., Veradigm LLC, Medecision, Persistent Systems, Conifer Health Solutions, LLC, athenahealth, eClinicalWorks, IBM Corporation, MCKESSON CORPORATION, and others.

Browse Full Report Details @ https://www.kingsresearch.com/population-health-management-market-237

Market Overview

population health management market is expected to reach $140.99 billion by 2031, highlighting significant growth and investment in the sector. Market growth is driven by the rise in chronic diseases, aging population, and the increasing need to reduce healthcare costs while improving patient outcomes.

Kings Research Recognizes the following companies as the Key Players: 

Oracle, Altera Digital Health, Inc., Beladim LLC, Medication, Persistent Systems, Conifer Health Solutions LLC, Athenahealth, , Electronic Clinical Works, IBM Corporation, McKesson Corporation

Other factors driving market expansion include digitization and computerization of data, increasing processing power and system interconnectivity, and the need for value-based care delivery.

Despite these key drivers, technical issues such as diverse file formats and data sources, regulatory constraints, and security concerns such as data security and privacy are expected to hinder the market expansion.

Technological advances:

Innovations in health technology, such as electronic health records (EHRs), health information exchanges (HIEs), and big data analytics, are key enablers of PHM. These technologies facilitate the collection, analysis, and sharing of health data that is essential to identify at-risk populations and tailor interventions. 

Policy and regulatory support:

Governments and healthcare organizations around the world are increasingly recognizing the importance of PHM. Regulatory frameworks and policies are being developed to support the implementation of PHM programs that aim to improve population health and reduce healthcare costs.

Focus on preventive care:

Preventive care is a cornerstone of PHM. A focus on prevention helps healthcare providers reduce the onset of chronic diseases and more effectively manage existing conditions. This approach not only improves patient outcomes, but also helps contain healthcare costs.

Regional Analysis:

Most of the existing market players are concentrated in the Americas due to the established market and high healthcare costs. According to the Centers for Medicare and Medicaid Services, healthcare costs in the United States increased by 5.8% to reach USD 3.2 trillion in 2015, and healthcare in Canada in particular was pressured by demographic developments. The expansion of insurance coverage due to the US healthcare reform (Affordable Care Act of 2010) also contributed to the expansion of healthcare costs. Regulatory changes in the United States, such as the Affordable Care Act, implementation of the Hospital Readmissions Reduction Program, and Medicare’s efforts to penalize unnecessary patient readmissions, will strengthen the United States’ position.

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