Population Health Management Market

Market Leader - Population Health Management Market

The global population health management market is projected to reach USD 46.7 billion by 2026 from USD 24.9 billion in 2021, at a CAGR of 13.4% during the forecast period. In this report, the population health management market has been segmented on the basis of component, mode of delivery, end user, and region.

Population health management solutions enable stakeholders in the healthcare sector to deliver patient-centric care and help in curtailing the high costs associated with healthcare by reducing readmissions, ensuring that only appropriate and optimum interventions are provided to patients. These solutions streamline workflows by ensuring that the processes in care delivery function smoothly.

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Government mandates and support for healthcare IT solutions, increasing use of big data analytics, and the need to curtail the escalating healthcare costs are the key factors driving the growth of the population health management market. In addition, the growth of emerging economies (such as Brazil, Russia, India, South Korea, and China), increasing focus on personalized medicine, and the rising focus on value-based medicine are expected to offer lucrative growth opportunities for market players during the forecast period. However, data breaches, lack of skilled analysts, and interoperability issues are adversely impacting the growth of this market.

The key players operating in this market include Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands), i2i Population Health (US), Health Catalyst (US), Optum (US), Enli Health Intelligence (US), eClinicalWorks (US), Orion Health (New Zealand), Allscripts Healthcare Solutions (US), IBM Corporation (US), HealthEC, LLC (US), Medecision (US), Arcadia (US), athenahealth (US), Cotiviti (US), NextGen Healthcare, Inc. (US), Conifer Health Solutions (US), SPH Analytics (US), Lightbeam Health Solutions (US), Innovaccer (US), Citra Health Solutions (US), Evolent Health, Inc. (US), Lumeris (US), and Forward Health Group (US)

Cerner was one of the leading market players in the population health management market in 2020. The company’s comprehensive product portfolio includes HealtheIntent, Cerner Millennium, and Cerner CareTracker. It also provides services for these solutions such as consulting services, IT management & alignment, record retrieval, and network & security. Cerner’s leadership in the market can be attributed to its efficient sales network and expansion strategies in the US, Europe, Asia, and Latin America.

Over the years, the company has maintained its leading position in the market through continuous innovations in its PHM solutions. For instance, in October 2019, Cerner (US) collaborated with Geisinger (US). Cerner and Geisinger entered into a ten-year partnership with Cerner Corporation to leverage Cerner’s HealtheIntent platform for improved population health management. Cerner is consistently improving its product offerings by integrating its PHM solutions with other healthcare IT solutions such as telehealth, EHR, and patient portal platforms to promote virtual patient care. The company collaborates with other healthcare IT companies such as ResMed (US) and i2i Population Health (US) for this purpose. Due to the outbreak of COVID-19 globally, virtual patient visits are being encouraged among healthcare professionals to avoid the spread of contagion.

Epic was another leading player in the global population health management market in 2020. The company focuses on innovating PHM solutions and improving its geographic presence through partnerships with different market players to maintain its position as a leading player globally. For instance, in July 2019, Epic partnered with Connected Care Health Services (US) to improve population health initiatives for healthcare organizations. The company’s population health management software, Healthy Planet, brings in data from any standard-based EHR or compatible data source to give external providers tools to review and resolve care gaps through a web-based care management portal. The company spends 32% of its operating expenses on R&D activities. The increasing number of fatalities due to COVID-19 is expected to increase the demand for such innovative PHM solutions in hospitals.

Allscripts accounted for a major share of the global population health management market in 2020. Allscripts’ leadership position in the global market can be attributed to its comprehensive product portfolio-Allscripts CareInMotion, dbMotion Solution, etc.-as well as its strong geographic presence in the US, Europe, and Asia. The company focuses on innovating its PHM solutions by integrating them with telehealth solutions and collaborating with institutes to enhance these solutions. The company launched the dbMotion Solution which is available through the cloud via Microsoft Azure in April 2017. The company also partnered with Microsoft Corp. (US) in July 2020 to enable the expanded development and delivery of cloud-based health IT solutions.

Related Reports:

Population Health Management Market by Component (Software, Services), Mode of Delivery (On-premise, Cloud-based), End User (Healthcare Providers, Healthcare Payers, Employer Groups, Government Bodies) Covid Impact Analysis - Global Forecasts to 2026

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