The 2023 report on the “Value-based Healthcare Services Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Value-based Healthcare Services Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. Value-based healthcare is a form of payment that rewards doctors and other healthcare providers for the quality of treatment they provide to patients. The emergence of value-based healthcare services has shifted the traditional way in which providers used to bill for care based on the value of care they provide instead of paying based on the number of visits and treatment the patients undergo. Factors such as rapid advancements in chronic health condition patient management, an increasing number of government initiatives, and rising emphasis on the development of healthcare infrastructure are driving the market demand around the world.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growing prevalence of chronic non-communicable diseases such as chronic respiratory disease, cancer, heart disease, and diabetes is propelling the market demand as it helps in the delivery of value-based healthcare services by directing better care at low costs. The World Health Organization (WHO) estimates that in 2021, various chronic diseases such as cardiovascular diseases, cancer, respiratory diseases, and diabetes worldwide accounted for about 17.9 million, 9.3 million, 4.1 million, and 1.5 million deaths, respectively. Thereby, the high patient poll of a wide range of chronic non-communicable diseases is augmenting the growth of the market. Moreover, the increasing organizational restructuring efforts, as well as growing demand for more integrated care delivery models are creating various lucrative prospects for market growth over the forecasting years. However, the dearth of skilled professionals and unmet requirements are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Value-based Healthcare Services Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increase in healthcare reforms, rising research and development activities, and the presence of key market players in the region. Whereas, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as growing awareness, and improvement in healthcare infrastructure, as well as favorable initiatives taken by the governments, are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Deloitte
Siemens Healthcare GmbH
NextStep Solutions
McKesson Corporation
NextGen Healthcare
Genpact Limited
Athena Healthcare
Boston Consulting Group
Change Healthcare
Baker Tilly, US, LLC
Recent Developments in the Market:
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In August 2019, Signify Health announced the company’s collaboration with Remedy Partners which enables firms to pool their data, technology, and network assets by including 9,000 credentialed providers and a combined countrywide partner network of more than 300 provider systems, along with 2,000 post-acute organ transplant patients.
In March 2018, Optum declared the company’s partnership with HealthBI, with the objective of forming an industry-changing operation model for the provider to practice and improve value-based care.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Model:
Accountable care organization (ACO)
Patient-centered medical home (PCMH)
Pay for performance (P4P)
Bundled payments
By End-User:
Hospitals
Clinics
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Some of the Key Questions Answered in this Report:
Market dimension: What is the size of the market at the regional and country level?
Drivers, restraints, opportunities, and challenges: What are the key factors influencing the market and how are they expected to impact it?
International revenue, manufacturing value, consumption value, import and export: What is the economic value and trade dynamics of the market across different regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?
Key producers and their working state of affairs: Who are the leading manufacturers in the market industry and what is their current capacity, production, sales, pricing, costs, gross, and revenue?
Possibilities and threats for market carriers: What opportunities and challenges are faced by the vendors in the global market industry?
Incremental growth prospects for application/end-users and product types: Which specific applications or product types are expected to experience growth opportunities? What is the market share of each type and application?
Targeted strategies and constraints: What strategies are being implemented and what constraints are affecting the market?
Sales, marketing, and distribution channels: What are the different channels used for sales, marketing, and distribution in the global industry?
Upstream raw materials, production equipment, and manufacturing process: What are the raw materials, production equipment, and manufacturing processes involved in the market?
Key market trends: What are the significant trends impacting the growth of the market?
Economic impact and development trends: How does the market industry impact the economy, and what are the development trends within the market?
Overall, the report provides comprehensive insights into the market’s size, drivers, challenges, key players, opportunities, trends, and economic impact, offering a holistic understanding of the market industry.
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