Global Value-Based Healthcare Market size was valued at USD 3.9 Billion in 2023 and is expected to reach USD 20.5 Billion by 2032, at a CAGR of 7.5% during the forecast period 2023 – 2032.
Value-Based Healthcare Market: Overview
Value-Based Healthcare (VBHC) is a healthcare delivery strategy that emphasizes providing the greatest possible results for patients while keeping costs low. In typical fee-for-service healthcare systems, providers are compensated based on the number of services they offer, resulting in dispersed treatment, unneeded processes, and high prices.
Global trends in the value-based healthcare industry focus on a change from fee-for-service to outcome-based reimbursement models, which is motivated by the desire for improved patient outcomes, reduced costs, and solved disparities in healthcare.
Remote monitoring, telemedicine, and data analytics are all possible because of digital health technology, which improves medical delivery and patient participation. Interdisciplinary collaboration among healthcare stakeholders, such as providers, payers, pharmaceutical firms, and regulatory authorities, is promoting the creation of integrated care ecosystems and value-based purchasing methods.
Furthermore, there is a growing emphasis on population health management, preventative treatment, and tailored medicine to meet the specific requirements of varied patient groups. Regulatory frameworks are expanding to encourage value-based efforts, resulting in increased investment in healthcare infrastructure, interchange standards, and performance indicators.
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By model, the accountable care organization segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Accountable Care Organizations (ACOs) are concentrating more on data analysis for managing population health, extending telehealth capabilities, and developing collaborative arrangements to improve coordination of care and patient outcomes.
By deployment type, the cloud segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Cloud usage in value-based healthcare is rapidly increasing, allowing for safe data storage, interoperability, and scalability. Organizations use cloud technology for telemedicine, data analytics, and collaborative treatment, which improves outcomes for patients and efficiency in operations.
By end user, the hospitals segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Hospitals in the value-based healthcare market emphasize caring for patients, utilizing digital health technologies for data-driven decision-making, and implementing care coordination techniques to enhance results while controlling costs.
In Europe, value-based healthcare industry trends include a focus centered on outcomes reimbursement models, the incorporation of digital health technology, and coordinated care programs to improve patient outcomes while lowering costs.
CMI has comprehensively analyzed the Global Value-Based Healthcare market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Value-Based Healthcare industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Value-Based Healthcare Market:
- Cerner Corporation
- McKesson Corporation
- Siemens Healthier
- UnitedHealth Group
- Philips Healthcare
- IBM Watson Health
- GE Healthcare
- Allscripts Healthcare Solutions Inc.
- Epic Systems Corporation
- Medtronic plc
- CVS Health
- Athenahealth Inc.
- Evolent Health Inc.
- 3M Health Information Systems
- Change Healthcare
- Dexcom Inc.
- Novartis AG
- Merck & Co. Inc.
- Pfizer Inc.
- Johnson & Johnson
- Others
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