Population Health Management Market By Component Type, By User, By Delivery Mode, By Geography — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

The Global Population Health Management Market is valued to reach USD 22.5 by 2020, and is set to register a healthy CAGR of 21.0% over forecast period 2020–2026. Rising geriatric population, rising focus on value-based medicine, digitalization of healthcare systems and increasing need for affordable treatment options are driving the market growth.

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Population health management (PHM) has achieved a high focus in several healthcare organizations owing to favourable reimbursement and therapeutic risks. In fact, multiple organizations are now anticipating in investing in value-based care and are directing their primary care practices to patient-centric approach. However, a large chunk of these are still under nascent stages and are still preparing for PHM. As the number of payers are increasing, the pressure on healthcare providers is also gaining a lot of heat in terms of entailing a financial cost on a frequency basis. For instance, payers can opt for flat, monthly or annually as convenient. Although, this forms a part of transformation wherein healthcare providers rely on market for PHM solutions and offer service appropriate to the users.

Commercially, population health management deals with the organization and management of a healthcare delivery system in a particular manner where it is clinically effective, safe and is cost-effective. Further, as healthcare organizations are making a shift from fee-service to value-based service, various strategies are pursued in order to prevent any near-death experience for payers. This logically involves incentives program, enhance care coordination, and high efficiency with a simultaneous effort to minimize the operational costs.

Population Health Management Market Trends, Drivers and Opportunities:

The market growth is driven by high prevalence of chronic diseases and rise in government support and initiatives in form of funding, campaigns and product launch. In addition, use of enhanced surveillance techniques is expected to drive the market growth during the forecast period. Rise in global population with medical demands and special care is likely to attain a high market share in the entire forecast period. On contrary, surging costs of medicine and consultation along with low awareness for PHM model is likely to confine the market growth.