Global Value Based Healthcare Market Overview
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 continuum of care, improving patient experience, standardizing outcome, 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, excess healthcare costs attributed to inefficient and unnecessary services coupled with uncoordinated care. All these factors along with 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 witness a significant role by implementing qualifying policies. For example, Ayushman Bharat, with its focus on Government funding and protective as well as curative care, will place the foundation for value-based care implementation in India.
Impact of COVID-19 on this market
The outbreak of COVID-19 pandemic has upended healthcare services consumption and led significant strain on healthcare resources across the globe. Therefore, providers in value-based services are projected to face increased financial risk leading to a loss in revenue from many elective and preventative procedures. However, it can be projected that many providers and organizations will find ways to limit their risk exposure and reduce the pace of value-based care adoption. This report will quantify the impact of this pandemic on the value-based healthcare market.
Global Value Based Healthcare Market Dynamics
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.
Global Value Based Healthcare Market Segmentation
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.
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Value Based Healthcare Market Key Players
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.
Global Value Based Healthcare Market Key Issues Addressed
Key Issues Addressed
Global Value Based Healthcare Market Company Profile
- McKesson Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Genpact Limited
- Athena Healthcare
- NextGen Healthcare
- Siemens Healthcare
- Allscripts healthcare LLC
“*” marked represents similar segmentation in other categories in the respective section
Global Value Based Healthcare Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Value-based Healthcare Strategies
- Key Questions this Study will Answer
- Market Snippet, By Model
- Market Snippet, By Platform
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Value-based Healthcare Market, By Model, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Bundled Payment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Capitation Models
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Pay for Performance
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Patient Centered Medical Home
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Shared Risk
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Shared savings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Value-based Healthcare Market, By Platform, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Integrated
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Stand-alone
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Value-based Healthcare Market, By End-user, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Hospitals & Clinics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Insurance Companies
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Government Organizations
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Value-based Healthcare Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- McKesson Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Genpact Limited
- Athena Healthcare
- NextGen Healthcare
- Siemens Healthcare
- Allscripts healthcare LLC
- McKesson Corporation
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global value-based healthcare market is segmented based on model, platform, end-user, and region.
Increasing cases of various deadly diseases is the major factor driving growth of the global market.
North America was the highest market and it is mainly attributed due to growth in the healthcare reforms followed by Europe and then Asia Pacific.
Companies have increased their overall production of critical care equipment due to the sudden COVID-19 outbreak in order to fulfill the increased demand for this equipment globally.