Health Management Market to Grow by US$19.4 Billion by 2029

The global population health management (PHM) market is poised for substantial growth, with projections estimating an increase of US$19.40 billion from 2025 to 2029, according to a report by Technavio. 

PHM can enhance primary health care by offering data-focused, patient-centered, and forward-looking strategies to improve the health and well-being of specific populations, as reported by WHO. It leverages tools such as healthcare analytics, telemedicine, and remote patient monitoring to deliver personalized care, as reported by Technavio. 

“The sector is moving toward an era of interconnected health systems, where data feedback, AI, and the Internet of Things (IoT) will radically change how individuals engage with their health,” says Jesús Hernández, President, Mexican HealthTech Association.

Key components of PHM include predictive analytics, clinical decision support, and interoperability standards, all of which support the integration of medical devices, digital health solutions, and precision medicine. These technologies are instrumental in enabling healthcare providers to monitor patients in real time and make data-driven decisions, according to the report.

A major driver of the PHM market is the growing adoption of population health management software. These platforms integrate data from diverse sources, including electronic health records and patient-generated data, to provide actionable insights. The software can also support insurers and accountable care organizations in managing population health, aligning with global trends toward value-based care.  

The report highlights the importance of regulatory pathways and strategic collaborations in facilitating the adoption of PHM solutions. However, Mexico lacks a comprehensive legal framework for data management that ensures the seamless and secure flow of health information across the system, says Hernández.

“The lack of comprehensive legal standards poses a risk to patient safety and impedes innovation in the sector,” says Francisco Martínez, Head of Digital Health, Automation, and AI at Mexico, Central America, and the Caribbean, Siemens Healthineers.