North America Population Health Management Market is segmented By Component (Software and Services), By Mode of Delivery (Web-based, Cloud-based, and On-premise), By End-User (Healthcare Providers, Healthcare Payers, Others), and By Country (US, Canada, and Rest of North America) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
North America Population Health Management Market Overview
The North America Population Health Management Market is expected to grow at a CAGR of 20% during the forecast period 2024-2031
Population health management is the aggregation of patient data across numerous health information technology resources, the processing of that data into a single, actionable patient record, and the actions taken by care components to enhance both clinical and financial results.
By concentrating on the health of populations rather than individual patients, population health management strives to improve health outcomes, improve healthcare quality, and decrease costs by preventing or controlling diseases more effectively.
Furthermore, the population health management industry is growing as a result of efforts to improve health outcomes, improve care coordination, reduce costs, and promote health equality. The market is seeing an increase in demand from North American regions due to huge healthcare expenditure in countries such as the United States and Canada, with significant companies such as Cerner Corporation, Epic Systems Corporation, Conifer Health Solutions, and others actively operating in the market.
North America Population Health Management Market Scope
|
Metrics |
Details |
|
CAGR |
20% |
|
Size Available for Years |
2022-2031 |
|
Forecast Period |
2024-2031 |
|
Data Availability |
Value (US$) |
|
Segments Covered |
Component, Mode of Delivery, End User, and Country |
|
Countries Covered |
US, Canada, and Rest of North America |
|
Largest Country |
United States |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
For more details on this report - Request for Sample
North America Population Health Management Market Dynamics
The market is largely driven by rising demand for healthcare IT services and solutions that enable value-based healthcare delivery, which is resulting in a move from a fee-for-service (FFS) to a payment-in-value (PBV) paradigm. Furthermore, increasing healthcare expenditure and the growing demand for value-based healthcare and efficient disease management in various healthcare settings are projected to boost the North American population healthcare management market.
In the United States, the American Recovery and Reinvestment Act (ARRA), commonly known as the Stimulus Bill, has considerably increased the use of healthcare IT solutions such as PHM. More than 135 million Americans have at least one chronic condition, accounting for around 77% of national health spending. Implementing MPS may aid in the identification of ill patients as well as disease prevention and treatment, resulting in cost savings.
North America Population Health Management Market Segmentation Analysis
North America Population Health Management Market is segmented by component, mode of delivery, and end user.
By End User: The Healthcare Providers Segment Holds the Largest Market Share
The healthcare providers segment accounted for the largest share of the population health management market in terms of end users throughout the projected period. The growing patient pool, the increasing burden on hospitals to integrate and manage patient data, and the growing need to improve the affordability and accessibility of healthcare services are all driving the growth of the PHM solutions market for healthcare providers.
North America Population Health Management Market Geographical Share
By region, North America Population Health Management Market is segmented into US, Canada, and Rest of North America.
The United States is Expected to Hold the Largest Market Share During the Forecast Period
The United States is estimated to dominate the North American population health management market during the forecast period owing to improved healthcare infrastructure and increasing usage of healthcare technology and health information. North America's development is expected to be driven by the presence of significant market players and their products in the region.
Furthermore, growing patient knowledge of population health management and home health care will boost growth in the United States.
North America Population Health Management Market Companies
Key players operating in the North America Population Health Management Market are Cerner Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation., International Business Machines Corporation (IBM), Health Catalyst, Koninklijke Philips N.V., Optum Inc., Conifer Health Solutions, LLC., Lumeris, ZeOmega, Healthagen LLC, Persivia, and UnitedHealth Group.
