Value Based Healthcare Services Market

Value Based Healthcare Services Market Highlights

The global value based healthcare services market is expected to cross a market size of USD 45.4 billion by the end of 2033. The market size was valued at USD 12.9 billion in 2023 and is expected to expand at a CAGR of 15.5% between 2024-2033.

• Over the mid-term, the growing incidence of chronic diseases is the primary factor anticipated to drive the global value based healthcare services market.
• Complex implementation process is a major factor to challenge the market growth.
• The North America value based healthcare services market is projected to dominate the global market.

Value Based Healthcare Services Market Outlook

The model that focuses on enhancing the value of healthcare delivered to patients with priority on patient outcome and quality of care, instead of volume of services provided is known as value based healthcare services.

According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the global value based healthcare services market is the increasing incidence of chronic diseases worldwide. The World Health Organization (WHO) stated that non-communicable diseases killed 41 million people every year. With the growing burden of chronic diseases worldwide, the need for value-based healthcare services is growing to increase as it helps in lowering down unnecessary healthcare spending. MVP Health Care, Blue Cross and Blue Shield of Minnesota, Humana are some of the significant parties in the global market for value based healthcare services.

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Value Based Healthcare Services Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global value based healthcare services market are:

• Increasing emphasis on promoting value-based healthcare services among healthcare service providers: The healthcare service providers around the globe are rapidly focusing upon promoting value-based healthcare services due to financial incentives, such as performance-based reimbursements and shared saving programs that helps in improving care quality and efficiency. On the other hand, the government and organizations are rapidly adopting novel approaches and programs to promote these healthcare services, which is also projected to drive the market growth in the coming years.
• Increasing adoption of advanced healthcare technologies: The healthcare service providers worldwide are rapidly shifting towards digital technologies and are adopting electronic health records (EHRs), data analytics, telemedicine, and artificial intelligence among others. The adoption of these advanced technologies facilitates better patient monitoring, data collection, and outcome analysis, thereby allowing the healthcare providers to raise the quality of services provided to their patients. Such a factor is therefore anticipated to contribute to the growth of the market during the coming years.

Which Probable Factors Could Hamper the Growing Value Based Healthcare Services Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of value based healthcare services are:

• Complex implementation process: The process of implementing value-based care is much complex as the process involves massive changes for the service providers, especially, transitioning from the traditional fee-for-service models. The complexities include upskill the staff, redesigning care processes, and adopting new technologies, which may be resource-intensive, thereby limiting the market growth.
• Concern for greater financial risks: The value-based healthcare service model is known to involve severe financial risks as there are uncertainties regarding reimbursements, especially when patient outcomes are not as per the pre-set expectations. These concerns, as a result, is expected to lower the adoption of value-based service model, and in turn, restrict the market growth.

How is the Global Value Based Healthcare Services Market Segmented?

Our experts at KD Market Insights have segmented the global value based healthcare services market research report as:

What are the Probable Factors Influencing the North America Value Based Healthcare Services Market Forecast?

The North America value based healthcare services market is majorly driven by the supportive regulatory and policy initiatives, particularly in the United States, where government programs, such as the Medicare Access and CHIP Reauthorization Act (MACRA), Accountable Care Organizations (ACOs), and bundled payment models focus on incentivizing healthcare providers to focus on providing greater service quality. On the other hand, the region has been experiencing a growing healthcare cost for which, it is necessary to lower the medical expenses that are unnecessary. These factors are therefore expected to drive the growth of the market in the region in the coming years.

As per our analysts at KD Market Insights, the following five players lead the North America value based healthcare services market growth:

• UnitedHealth Group
• Kaiser Permanente
• Humana Inc.
• Aetna Inc.
• Blue Cross Blue Shield Association

Which Key Players Top the Global Value Based Healthcare Services Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global value based healthcare services market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with value based healthcare services market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global value based healthcare services market share:

• MVP Health Care
• Blue Cross and Blue Shield of Minnesota
• Humana
• Blue Cross and Blue Shield of North Carolina
• UNITEDHEALTH GROUP
• Aetna Inc.
• Cigna Healthcare
• Anthem Insurance Companies, Inc.
• Kaiser Permanente

What are the Recent Developments Observed in the Value Based Healthcare Services Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global value based healthcare services market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Kaiser Foundation Hospitals stated that it has launched an NGO known as Risant Health in association with Geisinger Health for accelerating the adoption of value-based care.

Further, Blue Cross stated that in association with Blue Shield, it has entered into a full-risk value based care arrangement. This move is aimed at increasing the access of its services in rural Minnesota.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Value Based Healthcare Services Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Models
      2. By Providers
      3. By Region
5. Market Segmentation by Models
   1. Bundled Payments
   2.  Pay for Performance
   3. Patient-Centered Medical Home(PCMH)
   4. Shared Savings
   5. Other Models
6. Market Segmentation by Providers
   1. Home Health Care
   2. Hospital Therapy
   3.  Others
7. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Models and Providers
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Models and Providers
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. MVP Health Care
      2. Blue Cross and Blue Shield of Minnesota
      3. Humana
      4.  Blue Cross and Blue Shield of North Carolina,
      5. UNITEDHEALTH GROUP
      6.  Aetna Inc.
      7.  Cigna Healthcare
      8.  Anthem Insurance Companies, Inc.
      9. Kaiser Permanente
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References