Global Value-based healthcare Services Market
Global Value-based Healthcare Services market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.
Value-based healthcare aims to provide lower costs, increased access to care, and create work efficiency for the patients. It rewards healthcare providers for providing quality care to patients. These services are extensively used nowadays due to new foundational strategies in advancing value-based care for patients suffering from chronic illness.
Market Dynamics: Drivers & Restraints
Increasing adoption of value-based healthcare
Value-based healthcare involves huge data collection and data analysis which allows better treatment at low cost. The transformation of fee-for-service to value-based care is necessary due to rising healthcare costs. The burden is huge on patients and hence, the shift to value-based healthcare is increasing and so are the services from different companies providing different platforms for physician groups and patients.
For instance, according to Global Healthcare Exchange, LLC., one of the biggest players in the healthcare market, Optum stated that it treated 4M people in accountable care models in 2023, an increase from the 1.8M patients it treated in these programs in 2022.
Increasing innovations by companies also drive the market. For instance, in October 2023, QHSLab, Inc., released its year-to-year accomplishments in digital healthcare with achievements in patient-centric innovations and advancements in behavioral healthcare.
Challenges with Value-based care
Fee for service is easier to manage by healthcare providers when compared to value-based healthcare services. It is administratively complex and creates an additional burden on healthcare providers. It requires the necessary infrastructure to deliver high-quality care to patients which bear high costs most of the time. If the quality measures aren't met by healthcare providers they can be penalized.
Segment Analysis
The global value-based healthcare services market is segmented based on model, deployment, platform, application and region.
Cloud-based deployment segment is expected to dominate the market
Cloud-based technology is expected to hold the largest segment in the market. Due to the implementation of cloud-based technology everywhere because of its efficiency in the healthcare industry. Market developments by key companies such as collaborations and product launches drive the value-based market in the forthcoming period.
For instance, in August 2023, Veritas Technologies, a leader in cloud management data, launched the Veritas Managed Service Provider Program. It is a purpose-built program that offers managed service providers (MSPs) flexible pricing models with a wide range of training to expand their offerings.
In May 2023, Telefónica Tech and 3M launched a pioneering technological solution based on artificial intelligence. It is mainly focused on improving the data-driven decision-making of healthcare professionals.
Geographical Analysis
North America is Expected to Dominate the Global Market
North America is expected to hold the largest share of the market due to the high healthcare expenditure in the US. For instance. according to the Health Affairs Journal, healthcare expenditure in the US increased to 4.1% to reach $4.5 trillion in 2022 which was much faster when compared to 2021 and 2020.
Due to the shift towards value-based healthcare services in the US to reduce the cost of overall healthcare expenditure, new funding and purchasing models are extensively being adopted by the United States.
Market Segmentation
By Model
• Accountable Care Organization (ACO)
• Patient-Centered Medical Home (PCMH)
• Pay for Performance (P4P)
• Bundled Payments
By Deployment
• Cloud-based
• On-Premise
By Platform
• Standalone
• Integrated
By Application
• Hospitals and clinics
• Insurance Companies
• Government Organizations
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In January 2024, Arbital Health, a startup based on accelerating the healthcare industry's transition to value-based care acquired Santa Barbara Actuaries, Inc. and $10 million in series led by digital healthcare investor Transformation Capital.
• In April 2023, 3M Health Information Systems collaborated with Amazon Web Services (AWS) to advance the 3M M*Modal ambient intelligence.
• In December 2023, Better Health Group received $175 million in financing to Expand the Value-based Care Network.
Competitive Landscape
The major global players in the value-based healthcare services market include Genpact Limited, Boston Consulting Group, Siemens Healthineers AG, McKesson Corporation, Deloitte Touche Tohmatsu Limited, Veritas Technologies LLC, 3M, Hitachi Solutions, Koninklijke Philips N.V., Nxgn Management, LLC. among others.
Why Purchase the Report?
• To visualize the global value-based healthcare services market segmentation based on model, deployment, platform, application and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of value-based healthcare services market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global value-based healthcare services market report would provide approximately 66 tables, 69 figures and 186 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Model
- 3.2. Snippet by Deployment
- 3.3. Snippet by Platform
- 3.4. Snippet by Application
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increasing adoption of value-based healthcare
- 4.1.1.2. YY
- 4.1.2. Restraints
- 4.1.2.1. Challenges with Value-based care
- 4.1.2.2. YY
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. Reimbursement Analysis
- 5.6. Patent Analysis
- 5.7. Pipeline Analysis
- 5.8. SWOT Analysis
- 5.9. DMI Opinion
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Model
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Model
- 7.1.2. Market Attractiveness Index, By Model
- 7.2. Accountable Care Organization (ACO)*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Patient-Centered Medical Home (PCMH)
- 7.4. Pay for Performance (P4P)
- 7.5. Bundled Payments
- 8. By Deployment
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 8.1.2. Market Attractiveness Index, By Deployment
- 8.2. Cloud-based*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. On-Premise
- 9. By Platform
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 9.1.2. Market Attractiveness Index, By Platform
- 9.2. Standalone*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Integrated
- 10. By Application
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
- 10.2. Hospitals and clinics*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Insurance Companies
- 10.4. Government Organizations
- 10.5. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Model
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Model
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Model
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Model
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Model
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Genpact Limited*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Boston Consulting Group
- 13.3. Siemens Healthineers AG
- 13.4. McKesson Corporation
- 13.5. Deloitte Touche Tohmatsu Limited
- 13.6. Veritas Technologies LLC
- 13.7. 3M
- 13.8. Hitachi Solutions
- 13.9. Koninklijke Philips N.V.
- 13.10. Nxgn Management, LLC.
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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