Patient-Centered Medical Home Market, by Type (Health Detection, Care Service), by End User (Nursing Home, Home Care Settings, Others), and by Region (North America, Europe, Asia Pacific, Middle East and Africa, Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The patient-centered medical home (PCMH) is a care model that aims to change the way adolescents, adults, and children get comprehensive primary care. It primarily aims to increase the efficiency and effectiveness of care delivery while also catering to the preferences and needs of each individual patient. Coordinated care, comprehensive treatment, accessible services, patient-centered care, quality, and services are the guiding concepts of patient-centered medical homes. Patient-centered medical homes offer a full range of services, from wellness to chronic and urgent care. The aim of PCMH is to foster a deep bond between patients and healthcare professionals. Patient-centered medical services are designed to improve access to care with increased care coordination.
Patient-centered medical home services co-ordinate medical care across all elements of the health care system home health care, hospitals, community services and specialty care. Trans disciplinary care teams are formed in PCMH practices to improve patient care coordination and management, with the goal of improving patient safety, efficiency, and quality of patient care. These practices can improve the care delivery and benefit from private or public incentive payments that encourage patient-centered medical homes by becoming registered PCMHs.
Market Dynamics
The outbreak of COVID-19 has prompted market players to develop new digital technologies for patient-centered medical home services, which is a major driving factor for the patient-centered medical home market growth. COVID-19 has prompted advancements in patient monitoring and cloud computing. For instance, GE Healthcare, a subsidiary of American multinational conglomerate General Electric incorporated, in April 2020, announced that it would provide a new cloud-based remote-monitoring service to assist clinicians in the care of COVID-19 patients who are ventilated.
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