Latest News- Population Health Management Market: Software is expected to lead the Component segment during 2025-2029

The Population Health Management Market is being driven by Rising adoption of healthcare IT

The Population Health Management Market is expected to grow at a CAGR of 10.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 19.40 billion. In the dynamic landscape of the global population health management market, personalized medicine has emerged as a significant trend, signifying a transition towards more customized healthcare solutions. This shift is primarily driven by the expanding accessibility and escalating costs of genetic testing. The recent significant reduction in genome sequencing costs has made it feasible for healthcare providers to integrate genetic information into patient care. By decoding an individual's genetic makeup, healthcare professionals can identify specific genetic markers linked to diseases, leading to enhanced diagnosis, prognosis, and treatment planning. Furthermore, pharmaceutical companies are adopting personalized medicine strategies to develop targeted therapies, catering to the unique genetic profiles of patients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Software
  • Services
• End-user
  • Large enterprises
  • SMEs
• Delivery Mode
  • On-Premise
  • Cloud-Based
  • Web-Based
• End-Use
  • Providers
  • Payers
  • Employer Groups
  • Government Bodies
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of healthcare IT
• Increasing number of specialty and multi-chain hospitals
• Growing incidence of chronic disorders

However, the market also witnesses some limitations, which are as follows:

• Rising cost of installation of population health management platforms
• Rising data breaches in healthcare sector
• Lack of skilled analysts

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Market Scope in Population Health Management Market Research Report

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Research Analysis Overview

The Population Health Management Market focuses on delivering personalized care plans through care coordination, risk adjustment, and evidence-based care pathways. Intervention strategies are tailored to improve health literacy, patient empowerment, and behavior change. Data visualization and population health dashboards facilitate quality reporting, clinical guidelines, and precision medicine. Health promotion, disease prevention, and lifestyle modifications are encouraged through patient engagement tools, health coaching, and health navigation. Clinical trials, precision medicine, and wearable technology enable data exchange and analytics services, while population health consulting and research drive continuous improvement.

Market Research Overview

The Population Health Management (PHM) market encompasses the income derived from the sale of healthcare IT systems, applications, Internet-based healthcare tools, telehealth technologies, and digital health technologies, as well as IT consulting services, to healthcare providers and businesses. According to Technavio, the global healthcare market size is determined by the consolidated revenue generated by manufacturers/providers of equipment, supplies, pharmaceuticals, biotechnology, healthcare technology players, and life sciences tools and services. Factors driving the expansion of the healthcare technology market include cost reduction pressures in both developed and developing economies, the need for patient engagement through risk stratification and care management, population health analytics, disease management, health data analytics, clinical data integration, and predictive modeling. These elements are crucial for enhancing patient outcomes while controlling costs and improving overall population health. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/