The global value-based healthcare market encompasses various products and services that enable the delivery of outcome-based and value-centered healthcare. Some of the key components of this market include population health management solutions, healthcare provider Performance Improvement and Value-Based Care consulting services. The market is primarily driven by the rising need amongst healthcare providers to shift from traditional fee-for-service models towards outcome and risk-based alternative payment models. This transition is helping providers enhance the quality of patient care while aiming to contain escalating healthcare costs.
The Global Value-Based Healthcare Market is estimated to be valued at US$ 12.18 BN in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.
Key Takeaways
Key Players - Key players operating in the Global Value-Based Healthcare Market Size are Baker Tilly US, LLP, Change Healthcare, Athena Healthcare, Curation Health, UnitedHealth Group, McKesson Corporation, Deloitte, Siemens Medical Solutions USA, Inc., Signify Health, Inc. (Sentara Healthcare), Humana, and NXGN Management, LLC.
Growing Demand - There is growing demand for value-based healthcare as several countries face rising healthcare burdens due to aging populations and increasing prevalence of chronic diseases. This has accelerated the need for more affordable healthcare delivery models.
Technological Advancement - Advancements in big data analytics, artificial intelligence, and cloud computing are enabling more sophisticated population health management and precision medicine. This is helping stakeholders better manage patient health and enhance care delivery according to individual needs.
Market Trends
Rising Interest in Risk-Sharing Models - There is increasing focus amongst healthcare payers and providers on risk-sharing models where both parties share financial accountability for patient health outcomes and spending. This encourages collaborative care and cost control.
Focus on Social Determinants of Health - Players are recognizing the influence of social and environmental factors on individual health status and outcomes. This is driving more integration of social health services and community-based programs into value-based care models.
Market Opportunities
Growing emphasis on Remote Patient Monitoring - The pandemic has accelerated virtual care and remote patient monitoring solutions. This provides opportunities to incorporate novel digital tools into value-based programs to better track patient metrics outside clinical facilities.
Partnerships with Pharma Companies - More collaboration between healthcare providers and pharmaceutical firms can help advance performance-based drug pricing, indication-specific contracting, and outcomes-based drug reimbursement models in the value-based care landscape.
Impact of COVID-19 on Global Value-Based Healthcare Market
The COVID-19 pandemic has significantly impacted the growth of the global value-based healthcare market. During the pandemic, there was an increased focus on preventive care, telehealth adoption, and population health management to curb the spread of the virus. Healthcare providers shifted their focus from fee-for-service to value-based models to improve patient outcomes while reducing costs. The demand for remote monitoring, virtual consultations, and digital health solutions increased multi-fold. Post pandemic, there will be a greater emphasis on wellness, prevention, and seamless digital healthcare experiences for patients. Value-based models can help make healthcare more affordable and accessible in these uncertain times. Sustaining long-term virtual care strategies and value-driven partnerships will be crucial moving forward. Emerging technologies like AI and cloud computing will play an important role in enabling better coordination and data sharing between stakeholders. Collaboration between payers, providers, and other parties will be needed to enhance community health and build resiliency within populations.
North American Region Dominates Global Value-Based Healthcare Market
North America currently holds the largest share of the global value-based healthcare market mainly due to the presence of advanced healthcare infrastructure and favorable government policies in the US and Canada that promote value-based reimbursement models. Large healthcare organizations in the region have extensively adopted value-based arrangements to improve quality and affordability of care. The Asia Pacific region is expected to grow at the fastest rate owing to rising healthcare expenditures, increasing burden of chronic diseases, growing medical tourism, and government initiatives to reform healthcare systems in countries like India, China, and Japan.
European Region Concentrated in Global Value-Based Healthcare Market
Europe accounted for a considerable share of the value-based healthcare market in 2024 due to the well-established national health services, rising prevalence of long-term conditions, and new frameworks designed to integrate care around the patient's needs across settings. Countries such as Germany, France, and the UK have led initiatives to shift from volume to value by bundling payments, gainsharing cost savings, and penalizing readmissions. Public and private insurers are engaging in outcome-based contracts with providers to improve health outcomes for defined patient populations at lower costs.
Get more insights on Global Value-Based Healthcare Market
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Value Based Care Payment Global Market Report 2020-30 by The Business Research Company describes and explains the global value-based care payment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Value Based Care Payment Global Market Report 2021 covers value based care payment marke t drivers, value based care payment market trends, value based care payment market segments, value based care payment market growth rate, value based care payment market major players, and value based care payment market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/value-based-care-payment-global-market-report-2020-30-covid-19-growth-and-changeThe value based care payment market report provides an in-depth analysis of the impact of COVID-19 on the global value based care payment industry, along with revised market numbers due to the effects of the coronavirus and the expected value based care payment market growth numbers 2021-2030.Value Based Care Payment Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=3378=smpThe global value-based care payment market is expected to grow from $1.52 billion in 2020 to $2.27 billion in 2021 at a compound annual growth rate (CAGR) of 49.5%.
The market is expected to reach $4.02 billion in 2025 at a CAGR of 15%.The report covers the value-based care payment market segments-1) By Models: Accountable Care Organization (ACO), Bundled Payments, Patient-Centered Medical Home (PCMH), Pay for Performance (P4P).2) By Deployment: Cloud Based, On-Premise.3) By End User: Providers, Payer.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
