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 - Market Trends, Analysis, and Forecast till 2029

Value-based healthcare is a model, in which providers such as hospitals are paid based on a patient’s health outcome, efficiency, quality, cost, and patient experience. The major strategies of value-based care are executing a continuum of care, improving patient experience, standardizing outcomes, cost of care, and treatment delivery through a collaborative chain of actions with measurable outcomes. The requirement for value-based care is realized because of rising healthcare expenditure, and excess healthcare costs attributed to inefficient and unnecessary services coupled with uncoordinated care. All these factors and increased patient expectations have set the stage for the utilization of value-based healthcare, where the payment for care is tied to service quality and clinical outcomes. Implementation of value-based care would need the building blocks of public financing, utilization of technology, resource availability, and a collaborative ecosystem. The government is also projected to play a significant role in implementing qualifying policies. For example, Ayushman Bharat, with its focus on Government funding and protective and curative care, will place the foundation for value-based care implementation in India.

Increasing cases of various deadly diseases are one of the major factors driving the 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 the healthcare burden on developing and developed economies along with favourable reimbursement scenario and supportive regulatory policies is propelling the growth of the target market.

Healthcare spending is also rising, owing to the 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.

However, the growth of the value-based healthcare market has taken off in the real sense. Several regions have high investment potential but are hampered by the lack of internet connectivity. This affects the growing opportunity for companies in the global value-based healthcare market. Additionally, lack of standardization and lack of interoperability across different providers also limits the growth of the target market.

The global value-based healthcare market is segmented based on model, platform, end-user, and region.

On the basis of the model, the global value-based healthcare market is segmented into bundled payment, capitation models, pay for performance, patient centred medical home, shared risk, and shared savings. Based on the platform, the target market is segmented into integrated and stand-alone. Based on the end-user, the target market is segmented into hospitals & clinics, insurance companies, government organizations, and others.

In the region, the global value-based healthcare market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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. The Asia Pacific is the most progressive market for value-based healthcare services, owing to enhancing population perspective and growing awareness. Additionally, the value-based healthcare market in Latin America is likely to grow at a substantial CAGR. Brazil and Mexico are propelling the value-based healthcare services market in the region, owing to favourable initiatives taken by the respective governments. Furthermore, increasing research and development would boost the market growth in Latin America.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global value-based healthcare market report based on model, platform, end-user, and region.

Global Value-based Healthcare Market, By Model:

• Bundled Payment
• Capitation Models
• Pay for Performance
• Patient Centered Medical Home
• Shared Risk
• Shared savings

Global Value-based Healthcare Market, By Platform:

• Integrated
• Stand-alone

Global Value-based Healthcare Market, By End-user:

• Hospitals & Clinics

• Insurance Companies

• Government Organizations
• Others

Global Value-based Healthcare Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the global value-based healthcare market include McKesson Corporation, Genpact Limited, Athena Healthcare, NextGen Healthcare, Siemens Healthcare, and Allscripts healthcare LLC.

• McKesson Corporation
• Genpact Limited
• Athena Healthcare
• NextGen Healthcare
• Siemens Healthcare
• Allscripts Healthcare LLC