Europe Population Health Management Market Size, Share, and Outlook (2024-2031)

Europe 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 (United Kingdom, France, Spain, Germany, Italy, and the Rest of Europe) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Europe Population Health Management Market Overview

The Europe Population Health Management Market is expected to grow at a CAGR of 24.04% during the forecast period 2023-2030.

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.

Europe Population Health Management Market Scope and Summary

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Europe Population Health Management Market Key Drivers

The European population management market is predicted to be largely driven by factors such as greater use of big data analytics, the need to contain rising healthcare costs and a rise in notable data analytics use. Furthermore, the increasing emphasis on customized treatment, the expansion of the elderly population in this area, and the growing burden of chronic illness are driving market development.

Other factors driving market growth include the desire to lower rising healthcare expenses as well as an increase in demand for healthcare IT services and solutions that enable value-based healthcare delivery. The increased demand for better disease management measures, on the other hand, is likely to boost market expansion. An increase in the European area largely leads to an increase in the need for healthcare IT services, a rise in the requirement for value-based healthcare, and efficient management.

However, as the market for healthcare management has expanded over time, the medical industry has swiftly changed from paper-based to digitalized; it is expected to develop faster in the future years. The population healthcare management market is being boosted by improved healthcare infrastructure, attractive government reimbursement, and rising healthcare spending. Population health management enhances patient care by cutting healthcare costs and may move the emphasis to customized treatment, providing the industry with multiple potential prospects. The bulk of population health management systems use business analytics tools to aggregate data, allowing healthcare providers to create a precise and accurate clinical picture of each patient.

Europe Population Health Management Market Segmentation Analysis

Europe Population Health Management Market is segmented by component, mode of delivery, and end user.

The Services Segment Accounted for Approximately 32.2% of the Population Health Management Market Share

Hospitals and other healthcare organizations are increasingly requesting PHM services to involve third parties in evaluating patient data. The demand for PHM services is being driven in part by the need for integrated healthcare systems. Furthermore, rising R&D spending by firms to develop new goods has assisted healthcare organizations significantly.

For example, Morris Heights Health Centre (MHHC), a federally qualified health centre in New York, announced a partnership with population health management technology company the Garage on December 6, 2022, under which the health centre will use the company's platform to improve care for its 50,000 Bronx patients. According to the press release, MHHC will concentrate on improving care management by using Garage's Software as a Service (SaaS) population health management platform, Bridge. As a consequence, the previously listed factors contribute to segment growth.

Europe Population Health Management Market Geographical Share

Geographically, the population health management market is segmented into the United Kingdom, France, Spain, Germany, Italy, and the Rest of Europe.

United Kingdom Dominated the Population Health Management Market

The population health management market in the United Kingdom dominated the European market and is expected to maintain its trend during the projected period. The government's acceptance of the Affordable Care Act and hospital readmission rate reduction measures in this nation is expected to boost market expansion. Other variables, such as the rise of big data, machine learning, and cloud computing, are expected to accelerate healthcare in the United Kingdom.

Germany's population health management market is one of the most promising in Europe, with the largest market share in population healthcare management. The country's market expansion may be attributed to a specific emphasis on healthcare IT, the country's rapidly expanding healthcare industry, and the adoption of IT projects. The market will continue to contribute to the growth of the European regional market as a result of the active engagement of important market players.

Key Players Operating in the Europe Population Health Management Market

• 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
• UnitedHealth Group