Population Health Management Market Size, Shares and Segmental Growth
The global population health management market was valued at approximately $70.1 billion in 2023, with projections pointing to remarkable growth, reaching around $663.75 billion by 2034. This expansion corresponds to a robust compound annual growth rate (CAGR) of 22.05% from 2024 to 2034.
Download statistics of this report @ https://www.towardshealthcare.com/download-statistics/5230
Major Insights into the Population Health Management Market
- North America led the market in 2023, accounting for 47% of the total share.
- The Asia Pacific region is anticipated to experience the fastest growth during the forecast period.
- The services segment emerged as the largest contributor to the market by product in 2023.
- Cloud-based solutions dominated the delivery mode segment in 2023 and are projected to see the fastest growth in the coming years.
- Healthcare providers represented the largest share of the market by end-use in 2023.
Population Health Management Market: Advancing Better Health
The population health management (PHM) market is designed to improve clinical health outcomes for specific groups by offering financial resources and care models that enhance care coordination and patient engagement. PHM focuses on multiple aspects, including care coordination, return on investment (ROI), healthcare quality, resource management, healthcare reform, health economics, and compliance programs. It also relies on clinical case studies and evidence-based approaches to manage public health conditions. By leveraging healthcare data and advanced technologies, PHM aims to create more efficient and effective health systems through data aggregation, analytics, and governance.
Trends Shaping the Population Health Management Market
- Rapidly Changing Demographics: Shifting population demographics, particularly in developing countries, are driving the adoption of PHM solutions.
- Improved Patient Outcomes: The growing emphasis on personalized treatments that enhance patient outcomes is fueling market growth.
- Technological Advancements: Cutting-edge technologies for analyzing and suggesting treatments are further boosting the market.
The Role of AI in Transforming Population Health Management
Artificial intelligence (AI) plays a pivotal role in enhancing PHM processes. By leveraging AI tools, healthcare systems can:
- Use predictive analytics to identify at-risk populations and emerging risks.
- Optimize resource allocation and reduce healthcare costs.
- Estimate the potential effects of policy changes.
- Better identify subgroups requiring healthcare interventions.
- Aid in systematic reviews, emergency prediction, preparedness, and response.
For example, in February 2024, Persistent Systems, in collaboration with Microsoft, introduced an innovative PHM solution powered by generative AI. This solution aligns with value-based care models and incorporates Social Determinants of Health (SDoH) to address patients’ non-clinical needs. It also provides more accurate predictions of care costs related to clinical conditions.
Our Table of Content (TOC) covers key healthcare market segments, materials, technologies and trends—helping you navigate market shifts and make informed decisions: https://www.towardshealthcare.com/table-of-content/population-health-management-market-sizing
Access exclusive insight now @ https://www.towardshealthcare.com/price/5230
We’ve prepared a service to support you. Please feel free to contact us at sales@towardshealthcare.com
Web: https://www.towardshealthcare.com
Visit Dental Specifics: https://www.towardsdental.com
Get the latest insights on industry segmentation with our Annual Membership: Get a Subscription
For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare
