Global Value Based Care Payment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
16 Feb, 2021
The value-based care payment market consists of sales of value based care payment services by entities (organizations, sole traders and partnerships) that provide value based care payment in which healthcare providers such as hospitals are paid based on patient's health outcome, quality, efficiency, cost, and patient experience. Only goods and services traded between entities or sold to end consumers are included.
Global Value Based Care Payment Market Size And Drivers:
The global value-based care payment market is expected to grow from $1.52 billion in 2020 to $2.273 billion in 2021 at a compound annual growth rate (CAGR) of 49.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.029 billion in 2025 at a CAGR of 15%.
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Trends In The Global Value Based Care Payment Market
Partnerships in value based care are gaining popularity among the providers as these partnerships allow partners such as manufacturers, payers, and provider organizations to co-develop programs, solutions, and initiatives collaboratively for the benefit of patients and healthcare systems. Value-based partnerships assist with conveying the highest value incentive to the healthcare system and society by concentrating on improving patient results with regards to the system and societal total costs.
Global Value Based Care Payment Market Segments:
The global value-based care payment market is further segmented based on models, deployment, end user and geography.
By Models: Accountable Care Organization (ACO), Bundled Payments, Patient-Centered Medical Home (PCMH), Pay for Performance (P4P).
By Deployment: Cloud Based, On-Premise.
By End User: Providers, Payer.
By Geography: The global value-based care payment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Value Based Care Payment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides value based care payment market overviews, analyzes and forecasts market size and growth for the global value based care payment market, value based care payment market share, value based care payment market players, value based care payment market segments and geographies, value based care payment market’s leading competitors’ revenues, profiles and market shares. The value based care payment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.