Global Value-based Healthcare aims to improve patient experience and reduce the cost of care

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Published Date: April 2023

The report "Global Value-based Healthcare Market, By Model (Bundled Payment, Capitation Models, Pay for Performance, Patient Centered Medical Home, Shared Risk, and Shared savings), By Platform (Integrated and Stand-alone), By End-user (Hospitals & Clinics, Insurance Companies, Government Organizations, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In May 2020, CliniVantage introduced CliniQs to deliver value-based care at the time of COVID-19.
In May 2020, EIT Health launched a framework for value-based health care in Europe. This framework defines the key steps that will be critical to implementing VBHC in health services across Europe. It also aims to drive the medical culture shift in Europe.
In July 2019, Intermountain Healthcare has launched a new healthcare company called Castell, with the aim of helping providers, payers, accountable care organizations and others manage the challenges of value-based reimbursement.

Analyst View:

Increasing cases of various deadly diseases is one of the major factors driving growth of the global value-based healthcare market. Additionally, rising healthcare expenditure due to advancements in the sector is anticipated to be a significant factor driving demand for value-based healthcare services during the forecast period. Service providers related to value-based healthcare are providing numerous service packages to ensure a high level of customer satisfaction and experience. Due to lack of physical activities, hectic work schedules, and sedentary lifestyles, cases of lifestyle and deadly diseases are growing rapidly. This is projected to be a factor fueling demand for value-based healthcare services during the forecast period. Moreover, increasing healthcare burden on developing and developed economies along with favorable reimbursement scenario and supportive regulatory policies is propelling growth of the target market.

Healthcare spending is also rising, owing to high doctor consultation fee, and up swaying price of prescription drugs. Several initiatives from both private and public firms have also been influencing the market significantly. For instance, Apple announced that it is entering the personal health record (PHR) space with Apple Health, a new platform that will interface with electronic health records (EHRs) at 12 U.S. hospitals. Whereas, Amazon joined with J.P. Morgan Chase and Berkshire Hathaway to establish an independent, not-for-profit health care company for their one million US employees. The trio’s goal is to improve health care services and cost efficiency for their employees. Further, Walmart signed a deal with Anthem, one of the United States’ largest insurers, to entice more Medicare enrollees to buy over-the-counter medications and health supplies at its stores.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Value-based Healthcare Market”, By Model (Bundled Payment, Capitation Models, Pay for Performance, Patient Centered Medical Home, Shared Risk, and Shared savings), By Platform (Integrated and Stand-alone), By End-user (Hospitals & Clinics, Insurance Companies, Government Organizations, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global value-based healthcare market accounted for US$ XXX.X billion in 2019 and is estimated to be US$ XXX.X billion by 2029 and is anticipated to register a CAGR of 8.5%. The market report has been segmented on the basis of model, platform, end-user, and region.

By model, the global value-based healthcare market is segmented into bundled payment, capitation models, pay for performance, patient centered medical home, shared risk, and shared savings. Bundled payments are single payment for all services for a precise treatment or condition such as cardiac procedures and spine surgery. In patient-centered medical home, patients have an earner and a team, offering continuous, accessible health care in order to obtain the best outcomes.
By platform, the target market is segmented into integrated and stand-alone.
By end-user, the target market is segmented into hospitals & clinics, insurance companies, government organizations, and others. The hospitals segment among the end-user segments is expected to continue to account maximum revenue share due to growing number of surgeries and increasing geriatric population.
By region, North America was the highest market for value based healthcare services and North America is expected to continue its dominance in the coming years. This is mainly attributed due to growth in the healthcare reforms followed by Europe and then Asia Pacific.

Competitive Landscape:

The prominent player operating in the global value-based healthcare market includes McKesson Corporation, Genpact Limited, Athena Healthcare, NextGen Healthcare, Siemens Healthcare, and Allscripts healthcare LLC.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period