Value-Based Healthcare Services Market Size, Trends, Share, and Analysis 2028

Value-Based Healthcare Services Market Insights

According to a report from Zion Market Research, the global Value-Based Healthcare Services Market was valued at USD 124.04 Billion in 2023 and is projected to hit USD 770.50 Billion by 2032, with a compound annual growth rate (CAGR) of 22.5% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Value-Based Healthcare Services Market industry over the next decade.

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Value-Based Healthcare Services Market:? Overview

The Value-Based Healthcare Services Market accounted for USD 2.35 Billion in 2020 and is expected to reach USD 9.26 Billion by 2028, growing at a CAGR of 18.7% from 2021 to 2028.

Value-based healthcare is a type of payment service which are offered to the providers such as hospitals for providing excellent patient experience, quality care facilities, and cost efficiency among others. These services are found to be extremely beneficial for both providers and payers. It is helping to create an efficient healthcare sector as the overall unnecessary spending on the sector reduces and quality improves.

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COVID-19 Impact Analysis

The covid-19 pandemic has led to a tremendous shift in the healthcare sector. As the world was hit by the wave of coronavirus, the recognition and need to deploy quality healthcare for each and everyone has increased a lot. The pandemic has led to a boost in the global market and with the situation not seeming to improve the growth of the value-based healthcare market is huge.

Value-Based Healthcare Services Market: Growth Factors

There are various factors leading to the growth of the value-based healthcare market. As more countries are developing, they are focussing on quality healthcare that can be provided to the residents. The people are also becoming more aware and conscious of the healthcare and facilities which are being provided to them. As new illnesses and long-term diseases are rising up, a new good and quality healthcare system has become the need of the hour.

Model Segment Analysis Preview

The Accountable Care Organization (ACO) segment held a share of over 12% in 2020. There are different models through which value-based healthcare services can be adopted. For instance, an Accountable Care Organization (ACO) is one of the types where a group of doctors, hospitals, and other healthcare providers, come together voluntarily to give coordinated high-quality care to their Medicare patients. Patient-Centered Medical Home (PCMH), Pay For Performance (P4P), and Bundled Payments form the model segment.

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End Use Segment Analysis Preview

There are a lot of areas where value-based healthcare may be adopted. Hospitals constitute a significant portion of this, as the services are installed and regulated here. With hospitals focusing on not only expanding their infrastructure but improving it, the demand for advanced technologies is expected to rise. Thanks to digitization, hospitals are capable of accommodating millennial models to offer improved patient care. The government also uses the services in order to provide quality to the residents.

Value-Based Healthcare Services Market: Regional Analysis Preview

North America has a structured and organized healthcare sector. The demand for quality healthcare facilities has grown significantly over a period of time, as it leads the market for several years. However, it has now been slowly falling under the maturity period due to the utilization of resources. Thus, growth in the region may not be prominent in the coming years. But it may continue to be one of the major users of the market.

The Asia Pacific region is projected to grow at a CAGR of around 16% over the forecast period. The Asia Pacific is expected to be the fastest-growing region in the value-based healthcare services market. The developing region has invested in the healthcare sector due to the increasing demand. People also are being conscious of the healthcare facilities being provided to them. There are a lot of government-supported policies which may act as a catalyst for the growth of value-based healthcare services in the region.

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Value-Based Healthcare Services Market: Report Scope

Value-Based Healthcare Services Market: Key Players & Competitive Landscape

Some of the key players in the value-based healthcare services market are

• Siemens Healthcare GmbH
• Veritas Technologies LLC
• Genpact, McKesson Corporation
• NXGN Management LLC.
• 3M
• Koninklijke Philips N.V.
• NextStep Solutions, and Athena Healthcare, among others.

These companies adopt various strategies in order to boost their presence and capitalization. For instance, Siemens Healthcare GmbH, a leading company in the market, focuses on continuously innovating the core business, expanding its diagnostic offerings as well as taking a leading role in supporting clinical decision-making based on artificial intelligence.

The value-based healthcare services market is segmented as follows:  

 By Model

• Accountable Care Organization (ACO)
• Patient-Centered Medical Home (PCMH)
• Pay For Performance (P4P)
• Bundled Payments

  By Deployment

• Cloud-Based
• On-Premise

  By End Use

• Hospitals
• Clinics
• Insurance Companies
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa