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.
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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.
Artificial intelligence (AI) plays a pivotal role in enhancing PHM processes. By leveraging AI tools, healthcare systems can:
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
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