Value Based Healthcare Market to Grow at CAGR of 6.56% through 2029
Growing development in healthcare infrastructure is
expected to drive the Global Value Based Healthcare Market in the forecast
period 2025-2029
According to TechSci Research report, “Value Based
Healthcare Market – Global Industry Size, Share, Trends, Competition,
Forecast & Opportunities, 2019-2029F”, the Global Value Based
Healthcare Market was valued at USD 1.11 Trillion in 2023 and is expected to
reach USD 1.62 Trillion by 2029 with a CAGR of 6.56% during the forecast
period.
The growth of the Global Value-Based Healthcare (VBHC)
Market is closely linked to the increasing adoption of advanced data analytics
and artificial intelligence by healthcare organizations. These technologies
enable the analysis of patient data, allowing for the prediction of outcomes
and the customization of treatment plans. This capability facilitates improved
decision-making and resource allocation, which are essential for the effective
implementation of VBHC initiatives. The trend toward integrated care models,
exemplified by Accountable Care Organizations (ACOs) and Patient-Centered
Medical Homes (PCMHs), fosters collaboration among healthcare providers to
deliver coordinated care that addresses both medical and social determinants of
health.
The shift towards value-based payment models is
reshaping reimbursement strategies, with many payers incentivizing providers to
focus on high-quality care through mechanisms such as bundled payments, shared
savings arrangements, and pay-for-performance initiatives. This focus on
efficiency and accountability is driving market growth, as providers
increasingly seek to align with these models.
The recent efforts to prioritize health equity ensure
that disparities in healthcare access and outcomes are addressed, promoting
equitable care for all patients. Enhanced patient engagement strategies,
facilitated by education, shared decision-making, and technology-driven
solutions like patient portals and mobile apps, empower individuals to take an
active role in their health. The formation of collaborative partnerships
between healthcare providers, payers, technology companies, and community
organizations is creating comprehensive care solutions that address the full
spectrum of patient needs, further propelling the growth of the VBHC market.
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The Global Value Based Healthcare Market is segmented
into model, deployment, end user, regional distribution, and company
Based on end user, the Hospitals are the dominant
players in the healthcare sector, particularly in the context of the Global
Value-Based Healthcare (VBHC) Market. This dominance is primarily due to their
comprehensive service offerings, which encompass a wide range of medical
specialties, advanced technologies, and critical care capabilities. Hospitals
serve as the central hubs for patient treatment, allowing for the integration
of various healthcare services, including emergency care, surgical procedures,
and outpatient services.
Hospitals are increasingly adopting value-based care
models that emphasize quality outcomes over volume, aligning with the broader
trends in the healthcare industry. Their ability to invest in advanced
technologies, such as electronic health records and data analytics, enables
hospitals to track patient outcomes and improve care delivery, essential
components of VBHC. Hospitals are often at the forefront of collaborative care
models, partnering with primary care providers, specialists, and community
organizations to coordinate patient care effectively. This collaboration is
vital in addressing social determinants of health and ensuring comprehensive
treatment. As a result, hospitals play a pivotal role in shaping the future of
healthcare delivery, making them key drivers of the VBHC movement and enhancing
their dominance in the market. Their multifaceted capabilities and focus on
improving health outcomes solidify their position as industry leaders.
Based on region, The Asia-Pacific region is the
fastest-growing market in value-based healthcare (VBHC) due to several key
factors driving its rapid expansion. Firstly, the region is experiencing
significant demographic changes, including a rising aging population and an
increase in chronic diseases, which create a pressing need for efficient and
effective healthcare solutions. This demographic shift compels governments and
healthcare providers to adopt VBHC models that emphasize quality outcomes and
patient-centered care. The increasing healthcare expenditure and investments in
healthcare infrastructure are enhancing the capacity of healthcare systems to
implement VBHC initiatives. Many countries in the Asia-Pacific region are
transitioning from volume-based to value-based care models, incentivizing
healthcare providers to focus on delivering better patient outcomes rather than
simply increasing service volume.
Technological advancements also play a crucial role in
this growth. The widespread adoption of digital health technologies, such as
telemedicine, electronic health records, and data analytics, enables healthcare
providers to monitor patient outcomes effectively and engage patients in their
care journey. Also, government support and regulatory reforms aimed at
improving healthcare access and affordability are accelerating the adoption of
VBHC. This combination of demographic, economic, technological, and regulatory
factors position the Asia-Pacific region as a leader in the global value-based
healthcare market, fostering innovation and improving health outcomes across
diverse populations.
Major companies operating in Global Value Based
Healthcare Market are:
- Siemens Healthcare AG
- NextStep Solutions
- McKesson Corporation
- NextGen Healthcare
- Genpact Limited
- Athena Healthcare
- Boston Consulting Group
- Change Healthcare
- Baker Tilly, USA, LLC
- ForeSee Medical
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“Governments globally are actively promoting
value-based care by implementing favorable policies and reimbursement models.
This regulatory support is essential in encouraging healthcare organizations to
shift from traditional fee-for-service models to value-based frameworks. By
incentivizing high-quality care and improved patient outcomes, these initiatives
foster a more efficient healthcare system that prioritizes value over volume,
ultimately benefiting both providers and patients. Such policies are
instrumental in driving the adoption of innovative care models and enhancing
overall healthcare delivery”, said Mr. Karan Chechi, Research Director, TechSci
Research, a research-based management consulting firm.
“Value Based Healthcare Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Model
(Accountable Care Organization, Patient-Centered Medical Home, Pay for
Performance, Bundled Payments), By Deployment (Cloud, On-premises), By End User
(Hospitals, Clinics, Insurance Companies, Government, Others), By Region and
Competition, 2019-2029F”, has evaluated the future growth potential of Global
Value Based Healthcare Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Value
Based Healthcare Market.
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