Global Value-based Healthcare Service Market Expected to Surge, Generating US$ 6,184.2 Million Revenue by 2034 at an All-time High for Enhancing Patient Care and Customer Satisfaction

Value-based Healthcare Service Market
Value-based Healthcare Service Market

The global value-based healthcare service market is experiencing a significant upswing, with revenues reaching approximately US$ 3,281.2 million in 2024. This surge is attributed to ongoing trends favoring value-based care, driving a worldwide adoption that could witness a remarkable growth rate of 6.5% during the forecast period.

Analysis of industry trends indicates a promising trajectory for the value-based healthcare market. It is anticipated to generate a substantial revenue of US$ 6,184.2 million by 2034. This forecast underscores the increasing recognition and adoption of value-based care models globally.

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The demand for value-based healthcare services has soared in recent years owing to the growing desire to improve patient care and customer satisfaction. Furthermore, the pandemic period has already reinforced the significance of establishing value-based delivery models and awareness regarding pay-for-performance healthcare market trends.

Patients are now actively adopting value-based healthcare models as they help eliminate the need for planned doctor appointments, thus reducing the expenditure on treatment. Moreover, following the introduction of digital technology many advancements in healthcare have occurred, contributing to the expansion of value-driven healthcare services.

The integrity of information is a significant challenge for service providers as electronic health records (EHRs) contain different types of patient-level variables. In addition, teetering between two reimbursement models and aligning two payment mechanisms, is another factor hindering the growth of the market.

Key Takeaways from the Value-based Healthcare Service Market Study Report:

  • The United States has the headquarters of many IT companies involved in value-based healthcare services, expanding at a CAGR of 1.3% through 2034.
  • Regional markets in Germany and the United Kingdom both have acquired the top position in Europe with an estimated CAGR of 3%.
  • China is on the verge of witnessing a lucrative CAGR of 2.3% in the adoption of value-based healthcare services over the projected years.
  • South Korea is an emerging market for value-based healthcare service providers with a projected CAGR of 1.8% from 2024 to 2034.

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Competitive Landscape for the Value-based Healthcare Service Market Players

By enhancing the network connection reliability, private healthcare institutes providing value-based services are focused on transforming the present medicinal care. Along with this, collaborations are going on between regional governments and healthcare companies have increased the market competition.

“Hospitals are the primary end users of the value-driven healthcare services market owing to a higher percentage of patient footfall. As emerging nations are now focusing much on enhancing their healthcare infrastructure, the count of value-based healthcare service providers is increasing rapidly,” says a lead analyst at FMI.

Recent Developments by Value-based Healthcare Service Industry Participants:

  • In November 2021, the Global Surgery Foundation and UNITAR launched their new Value-based Healthcare (VBHC) Hub. The project’s goal is to support locally-led initiatives that promote and advance the implementation of VBHC models in low-income and resource-constrained settings. It is assisted by Takeda is led by frontline implementers and developed in close collaboration with the Ministry of Health.
  • In September 2023, CommonSpirit Health unveiled a value-based care platform to promote and disseminate best practices acquired from the Catholic organization’s 24-state network. Known as Population Health Services Organization (PHSO), this platform offers a variety of services, including population health analytics, network management, data management, technology infrastructure, and reporting.

Key Companies Profiled:

  • Siemens Healthcare GmbH
  • NextStep Solutions
  • McKesson Corporation
  • NextGen Healthcare
  • Genpact Limited
  • Athena Healthcare
  • Boston Consulting Group
  • Change Healthcare
  • Baker Tilly, USA, LLC
  • ForeSee Medical

Key Segments Covered in the Value-based Healthcare Service Industry Survey Report:

By Product Type:

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

By Deployment Type:

  • On-premise
  • Cloud

By End User Verticals:

  • Hospitals
  • Clinics
  • Insurance Companies
  • Government
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

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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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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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