GLOBAL VALUE-BASED HEALTHCARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Value-Based Healthcare Market Size and Trends

Global value-based healthcare market was valued at US$ 12.18 Bn in 2023 and is expected to reach US$ 43.39 Bn by 2031, growing at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.

Global Value-Based Healthcare Market- Trends

• Remote patient monitoring: Increasing trend of remote patient monitoring is greatly influencing the global value-based healthcare market. With remote patient monitoring, healthcare providers can continuously track patients' vital signs and health metrics outside of conventional clinical settings which helps manage chronic diseases more effectively. This allows high risk patients to remain at their homes under close supervision without requiring frequent visits to overwhelmed hospitals or clinics. Doctors and nurses can monitor symptoms remotely and take necessary actions accordingly before conditions deteriorate. This not only improves patients’ quality of life but also reduces healthcare costs significantly by preventing avoidable hospital admissions and emergency room visits.
• Precision medicine: The precision medicine trend is having a significant impact on the global value-based healthcare market. Precision medicine is an emerging approach for disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle for each person. This allows doctors and healthcare providers to better predict prevention strategies, diagnoses, and treatment options that are tailored to an individual patient. With precision medicine, the focus is shifting from a one-size-fits-all approach to treating illnesses towards more customized care for patients based on their genetic makeup and other important biological factors. Healthcare providers are able to identify which treatments will work best for which patients and even tailor medical treatments to each person's specific needs. This trend towards personalized care enables more targeted interventions and better health outcomes for individuals, thereby leading to higher quality and value-based care overall.

Figure 1. Global Value-Based Healthcare Market Share (%), By Region, 2024