Future Market Insights (FMI), a leading market research firm, forecasts a surge in the value-based healthcare services market, with a projected Compound Annual Growth Rate (CAGR) of 21.1% from 2023 to 2033. This translates to a significant market value increase, reaching US$ 20.5 billion by the end of the forecast period, up from US$ 3 billion in 2023.
The primary growth drivers for this market stem from the escalating costs of healthcare and the continuous rise in pricing for various healthcare services. This creates a pressing need for innovative solutions that address affordability concerns while simultaneously improving patient outcomes. Both individual patients and healthcare providers are increasingly seeking ways to navigate the challenges of rising costs.
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Value-based healthcare offers a compelling solution by shifting the focus from the volume of services delivered to the quality and effectiveness of care. This model incentivizes providers to deliver better outcomes at lower costs, ultimately benefiting patients, providers, and the healthcare system as a whole.
One of the key factors fueling this demand is the increasing recognition of the importance of preventive therapies, particularly in the form of value-based healthcare services. These services align with the broader goal of achieving improved health outcomes while simultaneously addressing the economic burden associated with traditional healthcare models.
The shift towards a value-based healthcare system is gaining traction, and Future Market Insights sees this trend as an opportunity to contribute to the evolution of the industry. As patients increasingly seek personalized and patient-centric care, the potential for the widespread adoption of value-based healthcare services grows. The current landscape, characterized by a demand for disorganized therapy and patient-centric approaches, further enhances the viability of implementing a value-based healthcare system.
Key Takeaways from the Value-based Healthcare Services Market:
- The United States value-based healthcare services market is projected to lead the global market. By 2033, the market is forecast to generate the largest revenue of US$ 3.1 Billion, growing at a CAGR of 19.1%.
- The United Kingdom is forecast to emerge as the fastest growing value-based healthcare services market, growing at a CAGR of 25% over the forecast period. The market is predicted to attain US$ 1.4 Billion by 2033 end.
- In the APAC region, China is projected to lead the regional market, attaining market valuation of US$ 1.7 Billion by 2033. The market is projected to grow at a CAGR of 22% over the forecast period.
- Under the model category, accountable care organization segment is projected to dominate the global market. The segment is forecast to exhibit a CAGR of 20.2% between 2023-2033.
- By deployment type, on-premise is estimated to witness largest growth. Over the stipulated time-frame, the segment is projected to grow at a CAGR of 21.2%, up from 20% CAGR witnessed in the past period.
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News Featuring Market Developments by Companies Providing Value-based Healthcare Services:
- In October 2021, a holding company by the name of Walgreens Boots Alliance, invested in VillageMD for a total US$ 5.2 Bn. With this partnership, both the companies would substantially increase the access for primary care in underserved rural as well as urban regions.
- In June 2021, Humana announced that it is acquiring One Homecare Solutions from WayPoint Capital Partners. With this acquisition, the former company would better the value-based care in the category of in-home healthcare services.
- In June 2021, Humana also acquired League, which is a digital health company. The acquisition was aimed at creating a new digital platform for specialty insurance members as well as Humana employer group.
Collaboration Among Key Players to Strengthen Value-based Healthcare Services Market:
- Siemens Healthcare GmbH
- NextStep Solutions
- McKesson Corporation
- NextGen Healthcare
- Genpact Limited
- Athena Healthcare
- Boston Consulting Group
- Change Healthcare
- Baker Tilly, US, LLC
- ForeSee Medical
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Value-based Healthcare Services Market by Category:
Model:
- Accountable Care Organization (ACO)
- Patient-centered Medical Home (PCMH)
- Pay For Performance (P4P)
- Bundled Payments
Deployment:
- On-premise
- Cloud
End User:
- Hospitals
- Clinics
- Insurance Companies
- Government
- Others
Region:
- North America
- Latin America
- Europe
- South Asia and the Pacific
- East Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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