Latest News- Population Health Management (PHM) Market in US: Software is expected to lead the Product segment during 2025-2029

The Population Health Management (PHM) Market in US is being driven by Increasing adoption of healthcare IT solutions

The Population Health Management (PHM) Market in US is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6.04 billion. In the dynamic business landscape of the US healthcare industry, data-driven insights have emerged as a crucial factor for organizational success. Hospitals and healthcare providers are leveraging advanced data analytics and business intelligence solutions to derive meaningful insights from their vast repositories of clinical and non-clinical data. Performance monitoring, data mining, reporting, and benchmarking are among the key techniques employed to enhance decision-making capabilities and uncover new opportunities for growth. This data-driven approach to Population Health Management (PHM) enables healthcare organizations to optimize resources, improve patient outcomes, and ultimately, deliver better value to their customers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Software
  • Services
• Deployment
  • Cloud
  • On-premises
• End-user
  • Healthcare providers
  • Healthcare payers
  • Employers and government bodies
• Geography
  • US

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

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

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

• High perceived costs associated with PHM solutions
• Data security and privacy concerns associated with cloud-based PHM solutions
• Challenges associated with the development of healthcare software

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Market Scope in Population Health Management (PHM) Market in US Research Report

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Research Analysis Overview

Population Health Management (PHM) in the US focuses on improving health outcomes by addressing the physical, economic, and social contexts of individuals within a wider determinants framework. PHM goes beyond traditional healthcare models to tackle health inequalities and prioritize system-wide outcome focus. Qualitative and quantitative data, local intelligence, and decision-making inform needs-based re-design in healthcare transformation. Infrastructure, leadership, information governance, and digital infrastructure are crucial for implementing interventions addressing ill health, such as cardiovascular disease. Incentives, payment reform, and integrated care systems contribute to hospitalization reduction and improved care models.

Market Research Overview

The Population Health Management (PHM) market in the US encompasses the earnings from the sale of healthcare IT systems, applications, monitoring devices, telehealth technologies, and IT consulting services to healthcare providers and businesses. According to Technavio, the global healthcare market size is determined by the consolidated revenue of equipment, supply, pharmaceutical, biotechnology, healthcare technology, and life sciences tools and services providers. The expansion of the healthcare technology market is influenced by factors affecting both the healthcare industry and IT spending market. Key drivers include the persistent demand to decrease costs in both developed and emerging economies, as well as the integration of technology to enhance patient care and improve population health outcomes. Wider determinants, such as social and economic contexts, also play a significant role in shaping the PHM market landscape.. 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/